Stocks · Real Estate · REIT - Diversified
Global Net Lease, Inc. GNL
$8.25 +0.12% Close, Oct 2, 2026 · NYSE · Market cap $1.75B
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin widened to 24.7% from 14.7% a year earlier.
- Net debt is 6.6× EBITDA, a high level of leverage.
- Revenue over the last four quarters was $459.7M, down 29.6% from a year earlier.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 4%
- FCF growth (TTM, YoY)Top 47%
- Revenue growth, 3-year CAGRTop 31%
- Revenue growth accelerationBottom 47%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 5%
- Gross marginTop 27%
- Operating marginBottom 49%
- Accruals (lower is better)Top 21%
- Net debt / EBITDA (lower is better)Bottom 39%
- Interest coverBottom 37%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 19%
- Free-cash-flow yieldTop 21%
- EBITDA / enterprise valueTop 22%
- Sales / enterprise valueTop 49%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 28%
- 6-month returnBottom 31%
- 1-year return vs S&P 500Top 36%
- Distance from 52-week highTop 40%
- Trend checklist (0–4)Bottom 22%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 26%
- Consecutive EPS beatsBottom 48%
- Share of analysts rating BuyTop 45%
- Upside to consensus price targetBottom 48%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 49%
- Maximum drawdown, 3 yearsTop 47%
- Beta vs S&P 500 (lower is better)Top 19%
- Net debt / EBITDA (lower is better)Bottom 39%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -29.9% | -29.6% | ↑ |
| Gross margin | 85.4% | 69.5% | ↓ |
| Operating margin | 14.7% | 24.7% | ↑ |
| FCF margin | 30.8% | 43.8% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -29.6% | -29.9% | ↑ | Bottom 4% |
| Gross margin | 69.5% | 85.4% | ↓ | Top 27% |
| Operating margin | 24.7% | 14.7% | ↑ | Bottom 49% |
| Net margin | -2.9% | -43.7% | ↑ | — |
| Free-cash-flow margin | 43.8% | 30.8% | ↑ | — |
| Return on invested capital | -43.3% | — | Bottom 5% | |
| Revenue growth, 3-year CAGR | 9.5% | — | Top 31% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -5.7%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 3.1%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -69.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 6.61×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 9.52%
- Net buyback yield (TTM)
- 7.71%
- Shareholder yield
- 17.24%
- Share count change, 1 year
- -5.2%
- Share count change, 3-year CAGR
- +26.6%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 5, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 3 of 8
- Average EPS surprise, last 4
- -22.7%
- Average 2-day reaction, last 8
- +0.8%
- Positive 20 days after report
- 6 of 8
Analysts
- Consensus price target
- $10.00
- Target vs current price
- +21.2%
- Analysts with a rating
- 16
- Share rating Buy or Strong Buy
- 50%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 5, 2026 | +6.2% | +0.6% | +5.7% | +6.5% | — |
| May 5, 2026 | -180.0% | -0.2% | -0.5% | +2.0% | -4.0% |
| Feb 25, 2026 | +440.0% | +1.2% | -2.0% | -5.0% | -2.3% |
| Nov 5, 2025 | -357.1% | +0.0% | +5.0% | +9.1% | +23.6% |
| Aug 6, 2025 | -45.5% | -0.3% | +9.2% | +14.6% | +10.0% |
| May 7, 2025 | -770.0% | +0.7% | +6.3% | +1.2% | -8.0% |
| Feb 27, 2025 | +45.5% | +1.6% | +11.5% | +7.8% | +2.0% |
| Nov 6, 2024 | -1000.0% | +2.5% | -3.9% | -6.5% | -7.6% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 5, 2026 | -$0.05 | -$0.05 | +6.2% | $112.5M |
| May 5, 2026 | -$0.08 | $0.10 | -180.0% | $109.3M |
| Feb 25, 2026 | $0.17 | -$0.05 | +440.0% | $117.0M |
| Nov 5, 2025 | -$0.32 | -$0.07 | -357.1% | $121.0M |
| Aug 6, 2025 | -$0.16 | -$0.11 | -45.5% | $124.9M |
| May 7, 2025 | -$0.87 | -$0.10 | -770.0% | $132.4M |
| Feb 27, 2025 | -$0.08 | -$0.14 | +45.5% | $199.1M |
| Nov 6, 2024 | -$0.33 | -$0.03 | -1000.0% | $196.6M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| EV / EBITDA | 11.7× | — | — | Top 22% |
| EV / Sales | 8.78× | — | — | Top 49% |
| Free-cash-flow yield | 11.51% | — | — | Top 21% |
| Earnings yield | -3.27% | — | — | Bottom 19% |
P/E over the past five years
Range 79.8× – 312.1× since Sep 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -1.3%
- 200-day average slope (20 days)
- +0.7%
- Distance from 50-day average
- -7.2%
- Distance from 200-day average
- -10.1%
- RSI (14)
- 18.5
- Relative volume
- 1.20×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 23.2%
- Volatility vs own 5-year history
- 24th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.28
- Correlation with S&P 500
- 0.17
- Current drawdown from 1-year high
- -17.2%
- Maximum drawdown, 3 years
- -35.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 2, 2021 | Apr 16, 2024 | -67.2% | 722 days | Not yet recovered |
| Oct 6, 2020 | Oct 30, 2020 | -14.9% | 18 days | 11 days (Nov 16, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $1.75B
- EPS, diluted (TTM)
- -$0.27
- Revenue (TTM)
- $459.7M
- Dividend yield
- 11.52%
- 52-week range
- $7.48 – $10.04
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $391.2M | $378.9M | $515.1M | $805.0M | $497.9M |
| Gross profit | $358.5M | $346.0M | $364.5M | $662.5M | $64.3M |
| Operating income | $111.9M | $100.5M | -$15.4M | $206.5M | $168.3M |
| Net income | $11.4M | $12.0M | -$211.9M | -$131.6M | -$225.5M |
| EPS (diluted) | $0.12 | $0.12 | -$1.71 | -$0.76 | -$0.98 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $196.6M | $199.1M | $132.4M | $124.9M | $121.0M | $117.0M | $109.3M | $112.5M |
| Net income | -$65.6M | -$6.5M | -$189.4M | -$24.1M | -$60.1M | $48.2M | -$5.1M | $3.5M |
| EPS (diluted) | -$0.33 | -$0.08 | -$0.87 | -$0.16 | -$0.32 | $0.17 | -$0.08 | -$0.04 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $192.5M | $181.8M | $143.7M | $299.5M | $222.8M |
| Capital expenditure | -$7.9M | -$29.9M | -$47.3M | -$45.6M | -$33.4M |
| Free cash flow | $184.6M | $151.9M | $96.4M | $253.8M | $189.4M |
| Dividends paid | -$156.2M | -$166.8M | -$207.0M | -$272.4M | -$192.1M |
| Net share buybacks | $213.9M | $208,000 | -$1.2M | -$1.0M | -$122.1M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $168.0M
- Total assets
- $4.07B
- Total liabilities
- $2.56B
- Total debt
- $2.46B
- Net debt
- $2.29B
- Shareholders’ equity
- $1.51B
As of Jun 30, 2026 (filed Aug 5, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Oct 9, 2026 | $0.19 | Oct 16, 2026 |
| Jul 13, 2026 | $0.19 | Jul 17, 2026 |
| Apr 13, 2026 | $0.19 | Apr 17, 2026 |
| Jan 12, 2026 | $0.19 | Jan 16, 2026 |
| Oct 10, 2025 | $0.19 | Oct 16, 2025 |
| Jul 11, 2025 | $0.19 | Jul 16, 2025 |
| Apr 11, 2025 | $0.19 | Apr 16, 2025 |
| Jan 13, 2025 | $0.28 | Jan 16, 2025 |
Short interest
- Shares sold short
- 12,777,146
- Days to cover
- 7.32
- Change vs previous report
- +2.1%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Mar 1, 2017
- 1-for-3