# Global Net Lease, Inc. (GNL) · Edgar & Edgarette company card

> Global Net Lease (GNL) saw revenue fall 13.1% in FY2025 to $495 million, operating margin 22.4% against a 24.7% median for real estate investment trusts, equity 38.3% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1526113 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/GNL) · [JSON](https://www.pops4.com/boards/company/GNL.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $495M |
| Revenue growth, 1 year | -13.1% |
| Revenue growth per year | 6.1% |
| Operating margin | 22.4% (prior year 33.0%) |
| Net margin | -45.5% |
| Operating cash flow | $223M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $180M |
| Long-term debt | — |
| Total assets | $4.3B |
| Total equity | $1.7B |
| Equity ÷ assets | 38.3% |
| Return on equity | -13.6% |
| Dividend per share | $0.845 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $495.3M (FY2025). Experience: revenue down 13.1% on the year, up 6.1% a year over 4 years; operating margin 22.4%, down from 33.0%. Soundness: equity 38.3% of assets, return on equity -13.6%, the dividend per share fell in the latest year on record. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $376.8M and $604.4M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $334.3M to $684.5M. A statistical range, not company guidance. Against peers (79 filers, $50M+ revenue, real estate investment trusts): operating margin 22.4% against a 24.7% median; growth -13.1% against 3.7%.

Range logged 2026-09-28, receipt 425c4682db974a72, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 1, latest 2026-04-02 ([filing](https://www.sec.gov/Archives/edgar/data/1526113/000110465926038799/0001104659-26-038799-index.htm))

## Recent filings

- 8-K · filed 2026-10-15 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1526113/000110465926115947/0001104659-26-115947-index.htm)
- 8-K · filed 2026-10-01 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1526113/000110465926112549/0001104659-26-112549-index.htm)
- 8-K · filed 2026-09-17 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1526113/000110465926108393/0001104659-26-108393-index.htm)
- 8-K · filed 2026-08-13 · 2.01 Completion of Acquisition or Disposition of Assets; 3.02 Unregistered Sales of Equity Securities; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1526113/000110465926095323/0001104659-26-095323-index.htm)
- 8-K · filed 2026-08-06 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1526113/000110465926092041/0001104659-26-092041-index.htm)
- 10-Q · filed 2026-08-05 · [filing](https://www.sec.gov/Archives/edgar/data/1526113/000162828026053396/0001628280-26-053396-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001526113.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1526113

## Cite

POPS4, Edgar & Edgarette: Global Net Lease, Inc. (GNL) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/GNL. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.