Logo image of GNL

GLOBAL NET LEASE INC (GNL) Stock Fundamental Analysis

USA - NYSE:GNL - US3793782018 - REIT

7.62 USD
-0.13 (-1.68%)
Last: 10/21/2025, 8:19:33 PM
7.5932 USD
-0.03 (-0.35%)
After Hours: 10/21/2025, 8:19:33 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to GNL. GNL was compared to 127 industry peers in the Diversified REITs industry. GNL has only an average score on both its financial health and profitability. GNL is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

Quickly go to:

4

1. Profitability

1.1 Basic Checks

In the past year GNL has reported negative net income.
GNL had a positive operating cash flow in the past year.
GNL had negative earnings in each of the past 5 years.
Each year in the past 5 years GNL had a positive operating cash flow.
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

GNL's Return On Assets of -6.63% is on the low side compared to the rest of the industry. GNL is outperformed by 86.61% of its industry peers.
The Return On Equity of GNL (-18.04%) is worse than 84.25% of its industry peers.
GNL has a better Return On Invested Capital (3.60%) than 66.93% of its industry peers.
GNL had an Average Return On Invested Capital over the past 3 years of 2.23%. This is in line with the industry average of 3.04%.
The last Return On Invested Capital (3.60%) for GNL is above the 3 year average (2.23%), which is a sign of increasing profitability.
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 better Operating Margin (34.08%) than 71.65% of its industry peers.
In the last couple of years the Operating Margin of GNL has remained more or less at the same level.
GNL's Gross Margin of 85.44% is amongst the best of the industry. GNL outperforms 85.83% of its industry peers.
GNL's Gross Margin has been stable in the last couple of years.
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

More info and screens

5

2. Health

2.1 Basic Checks

GNL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
GNL has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for GNL has been increased compared to 5 years ago.
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.
The Altman-Z score of GNL (-0.06) is worse than 77.17% of its industry peers.
The Debt to FCF ratio of GNL is 14.75, which is on the high side as it means it would take GNL, 14.75 years of fcf income to pay off all of its debts.
GNL's Debt to FCF ratio of 14.75 is amongst the best of the industry. GNL outperforms 83.46% of its industry peers.
GNL has a Debt/Equity ratio of 1.62. This is a high value indicating a heavy dependency on external financing.
GNL has a worse Debt to Equity ratio (1.62) than 64.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.62
Debt/FCF 14.75
Altman-Z -0.06
ROIC/WACC0.55
WACC6.51%
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.
Looking at the Current ratio, with a value of 2.33, GNL belongs to the top of the industry, outperforming 85.04% of the companies in the same industry.
A Quick Ratio of 2.33 indicates that GNL has no problem at all paying its short term obligations.
GNL's Quick ratio of 2.33 is amongst the best of the industry. GNL outperforms 85.04% of its industry peers.
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

More info and screens

2

3. Growth

3.1 Past

The earnings per share for GNL have decreased strongly by -269.41% in the last year.
The Revenue for GNL has decreased by -11.07% in the past year. This is quite bad
The Revenue has been growing by 21.33% on average over the past years. This is a very strong growth!
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

Based on estimates for the next years, GNL will show a very negative growth in Earnings Per Share. The EPS will decrease by -75.46% on average per year.
The Revenue is expected to decrease by -8.79% on average over the next years.
EPS Next Y-298.15%
EPS Next 2Y-19.77%
EPS Next 3Y-75.46%
EPS Next 5YN/A
Revenue Next Year-33.86%
Revenue Next 2Y-20.81%
Revenue Next 3Y-20.88%
Revenue Next 5Y-8.79%

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

More info and screens

2

4. Valuation

4.1 Price/Earnings Ratio

GNL reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for GNL. No positive earnings are expected for the next year.
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 20 -20 40

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GNL indicates a rather cheap valuation: GNL is cheaper than 93.70% of the companies listed in the same industry.
93.70% 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 8.36
EV/EBITDA 8.65
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

A cheap valuation may be justified as GNL's earnings are expected to decrease with -75.46% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-19.77%
EPS Next 3Y-75.46%

More info and screens

5

5. Dividend

5.1 Amount

GNL has a Yearly Dividend Yield of 9.78%, which is a nice return.
Compared to an average industry Dividend Yield of 6.23, GNL pays a better dividend. On top of this GNL pays more dividend than 88.19% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, GNL pays a better dividend.
Industry RankSector Rank
Dividend Yield 9.78%

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

The earnings of GNL are negative and hence is the payout ratio. GNL will probably not be able to sustain this dividend level.
The Dividend Rate of GNL has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP-84.2%
EPS Next 2Y-19.77%
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

More info and screens

GLOBAL NET LEASE INC

NYSE:GNL (10/21/2025, 8:19:33 PM)

After market: 7.5932 -0.03 (-0.35%)

7.62

-0.13 (-1.68%)

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)11-05 2025-11-05
Inst Owners70.37%
Inst Owner Change0.05%
Ins Owners1.3%
Ins Owner Change-2.74%
Market Cap1.68B
Analysts73.33
Price Target9.54 (25.2%)
Short Float %3.99%
Short Ratio5.29
Dividend
Industry RankSector Rank
Dividend Yield 9.78%
Yearly Dividend1.37
Dividend Growth(5Y)-6.84%
DP-84.2%
Div Incr Years0
Div Non Decr Years0
Ex-Date10-10 2025-10-10 (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)0%
PT rev (3m)-1.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)7.41%
EPS NY rev (1m)0%
EPS NY rev (3m)-50.28%
Revenue NQ rev (1m)1.14%
Revenue NQ rev (3m)1.17%
Revenue NY rev (1m)-1.08%
Revenue NY rev (3m)-2.48%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.58
P/FCF 8.36
P/OCF 6.79
P/B 0.92
P/tB 0.94
EV/EBITDA 8.65
EPS(TTM)-1.44
EYN/A
EPS(NY)-0.33
Fwd EYN/A
FCF(TTM)0.91
FCFY11.96%
OCF(TTM)1.12
OCFY14.74%
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 5.66
Cap/Depr 15.47%
Cap/Sales 7.16%
Interest Coverage 250
Cash Conversion 47.29%
Profit Quality N/A
Current Ratio 2.33
Quick Ratio 2.33
Altman-Z -0.06
F-Score7
WACC6.51%
ROIC/WACC0.55
Cap/Depr(3y)45.24%
Cap/Depr(5y)154.54%
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-19.77%
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-33.86%
Revenue Next 2Y-20.81%
Revenue Next 3Y-20.88%
Revenue Next 5Y-8.79%
EBIT growth 1Y10.37%
EBIT growth 3Y24.28%
EBIT growth 5Y19.98%
EBIT Next Year142.45%
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%