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GLOBAL NET LEASE INC (GNL) Stock Fundamental Analysis

NYSE:GNL - US3793782018 - REIT

7.87 USD
+0.1 (+1.29%)
Last: 8/29/2025, 6:20:44 PM
7.7701 USD
-0.1 (-1.27%)
After Hours: 8/29/2025, 6:20:44 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to GNL. GNL was compared to 129 industry peers in the Diversified REITs industry. GNL has only an average score on both its financial health and profitability. GNL does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

GNL had negative earnings in the past year.
In the past year GNL had a positive cash flow from operations.
GNL had negative earnings in each of the past 5 years.
In the past 5 years GNL always reported a positive cash flow from operatings.
GNL Yearly Net Income VS EBIT VS OCF VS FCFGNL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M

1.2 Ratios

The Return On Assets of GNL (-6.63%) is worse than 86.82% of its industry peers.
Looking at the Return On Equity, with a value of -18.04%, GNL is doing worse than 82.95% of the companies in the same industry.
The Return On Invested Capital of GNL (3.60%) is better than 67.44% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GNL is in line with the industry average of 3.06%.
The 3 year average ROIC (2.23%) for GNL is below the current ROIC(3.60%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -6.63%
ROE -18.04%
ROIC 3.6%
ROA(3y)-1.92%
ROA(5y)-1.29%
ROE(3y)-5.97%
ROE(5y)-3.94%
ROIC(3y)2.23%
ROIC(5y)2.23%
GNL Yearly ROA, ROE, ROICGNL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 -2 -4 -6 -8

1.3 Margins

GNL has a Operating Margin of 34.08%. This is in the better half of the industry: GNL outperforms 72.09% of its industry peers.
GNL's Operating Margin has been stable in the last couple of years.
GNL has a Gross Margin of 85.44%. This is amongst the best in the industry. GNL outperforms 86.05% of its industry peers.
In the last couple of years the Gross Margin of GNL has remained more or less at the same level.
Industry RankSector Rank
OM 34.08%
PM (TTM) N/A
GM 85.44%
OM growth 3Y-2.29%
OM growth 5Y-1.11%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.27%
GM growth 5Y0.6%
GNL Yearly Profit, Operating, Gross MarginsGNL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60 80

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5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GNL is destroying value.
The number of shares outstanding for GNL remains at a similar level compared to 1 year ago.
Compared to 5 years ago, GNL has more shares outstanding
GNL has a worse debt/assets ratio than last year.
GNL Yearly Shares OutstandingGNL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
GNL Yearly Total Debt VS Total AssetsGNL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

Based on the Altman-Z score of -0.06, we must say that GNL is in the distress zone and has some risk of bankruptcy.
GNL has a Altman-Z score of -0.06. This is in the lower half of the industry: GNL underperforms 76.74% of its industry peers.
GNL has a debt to FCF ratio of 14.75. This is a negative value and a sign of low solvency as GNL would need 14.75 years to pay back of all of its debts.
GNL has a better Debt to FCF ratio (14.75) than 83.72% of its industry peers.
A Debt/Equity ratio of 1.62 is on the high side and indicates that GNL has dependencies on debt financing.
With a Debt to Equity ratio value of 1.62, GNL is not doing good in the industry: 63.57% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.62
Debt/FCF 14.75
Altman-Z -0.06
ROIC/WACC0.53
WACC6.83%
GNL Yearly LT Debt VS Equity VS FCFGNL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B 5B

2.3 Liquidity

GNL has a Current Ratio of 2.33. This indicates that GNL is financially healthy and has no problem in meeting its short term obligations.
GNL's Current ratio of 2.33 is amongst the best of the industry. GNL outperforms 85.27% of its industry peers.
GNL has a Quick Ratio of 2.33. This indicates that GNL is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.33, GNL belongs to the top of the industry, outperforming 85.27% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.33
Quick Ratio 2.33
GNL Yearly Current Assets VS Current LiabilitesGNL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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2

3. Growth

3.1 Past

GNL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -269.41%.
GNL shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -11.07%.
GNL shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.33% yearly.
EPS 1Y (TTM)-269.41%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-148.48%
Revenue 1Y (TTM)-11.07%
Revenue growth 3Y27.19%
Revenue growth 5Y21.33%
Sales Q2Q%-38.56%

3.2 Future

The Earnings Per Share is expected to decrease by -75.46% on average over the next years. This is quite bad
The Revenue is expected to decrease by -8.79% on average over the next years.
EPS Next Y-298.15%
EPS Next 2Y-22.79%
EPS Next 3Y-75.46%
EPS Next 5YN/A
Revenue Next Year-31.98%
Revenue Next 2Y-20.84%
Revenue Next 3Y-20.88%
Revenue Next 5Y-8.79%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
GNL Yearly Revenue VS EstimatesGNL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M 800M
GNL Yearly EPS VS EstimatesGNL Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2023 2024 2025 2026 2027 0 0.5 -0.5 1 -1

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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for GNL. In the last year negative earnings were reported.
Also next year GNL is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
GNL Price Earnings VS Forward Price EarningsGNL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 100

4.2 Price Multiples

GNL's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. GNL is cheaper than 93.80% of the companies in the same industry.
93.80% of the companies in the same industry are more expensive than GNL, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.64
EV/EBITDA 8.69
GNL Per share dataGNL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

GNL's earnings are expected to decrease with -75.46% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-22.79%
EPS Next 3Y-75.46%

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5

5. Dividend

5.1 Amount

GNL has a Yearly Dividend Yield of 7.93%, which is a nice return.
Compared to an average industry Dividend Yield of 6.31, GNL pays a bit more dividend than its industry peers.
GNL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
Industry RankSector Rank
Dividend Yield 7.93%

5.2 History

The dividend of GNL decreases each year by -6.84%.
GNL has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-6.84%
Div Incr Years0
Div Non Decr Years0
GNL Yearly Dividends per shareGNL Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6

5.3 Sustainability

GNL has negative earnings and hence a negative payout ratio. The dividend may be in danger.
GNL's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP-84.2%
EPS Next 2Y-22.79%
EPS Next 3Y-75.46%
GNL Yearly Income VS Free CF VS DividendGNL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M

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GLOBAL NET LEASE INC

NYSE:GNL (8/29/2025, 6:20:44 PM)

After market: 7.7701 -0.1 (-1.27%)

7.87

+0.1 (+1.29%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)08-06 2025-08-06/amc
Earnings (Next)11-04 2025-11-04
Inst Owners68.17%
Inst Owner Change5.06%
Ins Owners1.28%
Ins Owner Change2.38%
Market Cap1.74B
Analysts70
Price Target9.54 (21.22%)
Short Float %3.85%
Short Ratio3.81
Dividend
Industry RankSector Rank
Dividend Yield 7.93%
Yearly Dividend1.37
Dividend Growth(5Y)-6.84%
DP-84.2%
Div Incr Years0
Div Non Decr Years0
Ex-Date07-11 2025-07-11 (0.19)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-369.86%
Min EPS beat(2)-633.09%
Max EPS beat(2)-106.62%
EPS beat(4)1
Avg EPS beat(4)-204.84%
Min EPS beat(4)-633.09%
Max EPS beat(4)24.56%
EPS beat(8)5
Avg EPS beat(8)263.81%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-20.56%
Min Revenue beat(2)-30.3%
Max Revenue beat(2)-10.83%
Revenue beat(4)1
Avg Revenue beat(4)-10.67%
Min Revenue beat(4)-30.3%
Max Revenue beat(4)1.51%
Revenue beat(8)3
Avg Revenue beat(8)10.15%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.5%
PT rev (3m)5.93%
EPS NQ rev (1m)7.41%
EPS NQ rev (3m)24.25%
EPS NY rev (1m)-50.28%
EPS NY rev (3m)-98.54%
Revenue NQ rev (1m)0.55%
Revenue NQ rev (3m)-34.9%
Revenue NY rev (1m)0.3%
Revenue NY rev (3m)-1.06%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.66
P/FCF 8.64
P/OCF 7.01
P/B 0.95
P/tB 0.97
EV/EBITDA 8.69
EPS(TTM)-1.44
EYN/A
EPS(NY)-0.35
Fwd EYN/A
FCF(TTM)0.91
FCFY11.58%
OCF(TTM)1.12
OCFY14.27%
SpS2.96
BVpS8.29
TBVpS8.08
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -6.63%
ROE -18.04%
ROCE 4.56%
ROIC 3.6%
ROICexc 3.71%
ROICexgc 3.82%
OM 34.08%
PM (TTM) N/A
GM 85.44%
FCFM 30.84%
ROA(3y)-1.92%
ROA(5y)-1.29%
ROE(3y)-5.97%
ROE(5y)-3.94%
ROIC(3y)2.23%
ROIC(5y)2.23%
ROICexc(3y)2.28%
ROICexc(5y)2.29%
ROICexgc(3y)2.35%
ROICexgc(5y)2.35%
ROCE(3y)2.83%
ROCE(5y)2.83%
ROICexcg growth 3Y5.4%
ROICexcg growth 5Y4.88%
ROICexc growth 3Y5.19%
ROICexc growth 5Y4.76%
OM growth 3Y-2.29%
OM growth 5Y-1.11%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.27%
GM growth 5Y0.6%
F-Score7
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 1.62
Debt/FCF 14.75
Debt/EBITDA 5.68
Cap/Depr 15.57%
Cap/Sales 7.16%
Interest Coverage 250
Cash Conversion 47.47%
Profit Quality N/A
Current Ratio 2.33
Quick Ratio 2.33
Altman-Z -0.06
F-Score7
WACC6.83%
ROIC/WACC0.53
Cap/Depr(3y)45.36%
Cap/Depr(5y)154.62%
Cap/Sales(3y)19.24%
Cap/Sales(5y)64.86%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-269.41%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-148.48%
EPS Next Y-298.15%
EPS Next 2Y-22.79%
EPS Next 3Y-75.46%
EPS Next 5YN/A
Revenue 1Y (TTM)-11.07%
Revenue growth 3Y27.19%
Revenue growth 5Y21.33%
Sales Q2Q%-38.56%
Revenue Next Year-31.98%
Revenue Next 2Y-20.84%
Revenue Next 3Y-20.88%
Revenue Next 5Y-8.79%
EBIT growth 1Y10.37%
EBIT growth 3Y24.28%
EBIT growth 5Y19.98%
EBIT Next Year138.34%
EBIT Next 3Y26.31%
EBIT Next 5Y18.26%
FCF growth 1Y371.64%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y54.78%
OCF growth 3Y15.87%
OCF growth 5Y15.45%