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Global Net Lease (GNL) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Real Estate•REIT - Diversified
C
AverageMetricSide Score: 41/100
ProfitabilityProfit14/25
GrowthGrowth9/25
Balance Sheet & Red FlagsBalance10/25
Cash & Earnings QualityCash8/25

Strongest: Profitability (14/25); weakest: Cash & Earnings Quality (8/25).

Price & Volume
Market Cap $1.85B

Global Net Lease, Inc. is a publicly traded internally managed real estate investment trust that focuses on acquiring and managing a global portfolio of income producing net lease assets across the U.S., and Western and Northern Europe. Global Net Lease, Inc. was incorporated in 2011 and is based in New York, United States.

Moat Signals

Competitive analysis based on 56 quarters of fundamental data

Pricing Power

Weak Moat

Operating margins are under pressure, averaging 24.7%. The business may lack pricing power or face rising costs.'

Competitive Advantage

Weak Moat

ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.

Risk Signals

Data-driven red flags and warnings across 56 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -2.7x) — earnings may be inflated by non-cash items or aggressive accounting.

Leverage Risk

Healthy

D/E ratio is 1.6 — conservative capital structure with low financial risk.

Revenue Decline

Red Flag

TTM revenue has contracted 28.7% — significant decline indicating deteriorating demand.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Shares decreased 7.1% — net buybacks are reducing shares outstanding and boosting per-share value.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$472.16M
6Q
Q. Revenue
$109.29M
5Q
TTM EBITDA
$346.26M
2Q
TTM Op. Income
$169.80M
2Q
Q. Op. Income
$30.94M
211%
TTM Net Income
$-41.16M
4Q
Q. Net Income
$-5.08M
97%
EPS
$-0.08
91%
Shares Out.
$214.04M
5Q
$472.16M in TTM revenue declined 35.4% YoY, reaching $109.29M last quarter. TTM EBITDA of $346.26M and TTM operating income of $169.80M shows growth is flowing through. However, net income is negative at $41.16M — growth is not yet reaching the bottom line. Revenue is contracting — assess whether this is cyclical or structural. Across the last 8 quarters, TTM revenue has fallen for 6 consecutive quarters — a deteriorating trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
66.4%
209%
Op. Margin
28.3%
234%
Net Margin
-4.6%
97%
Op. margin of 28.3% is up 49.4% YoY — cost efficiency is improving. Net margin at -4.6%. Over the past year, Operating margin is up 234% — a deteriorating trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
3.9x
5Q
P/B Ratio
1.2x
3Q
P/S of 3.9x and P/B of 1.2x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$4.15B
7Q
Cash
$125.48M
15%
Long-Term Debt
$2.45B
7Q
Book Value
$1.56B
7Q
D/E Ratio
1.6
7%
Debt/EBITDA
33.7
70%
With $4.15B in assets and $2.45B in long-term debt, the D/E of 1.6and book value of $1.56B — reflects moderate leverage — debt is manageable but worth monitoring. Over the past year, Debt/equity is down 7% — a deteriorating trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$39.68M
2Q
TTM Free Cash Flow
$178.09M
2Q
FCF Margin
37.7%
26%
FCF / Net Income
-4.3
3Q
TTM FCF of $178.09M on $39.68M in operating cash flow. The FCF / Net Income ratio of -4.3x shows cash consumption — the business is not yet self-funding. Across the last 8 quarters, Free cash flow has fallen for 2 consecutive quarters — a deteriorating trend.

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Cash Generation

Moderate Moat

8 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.

Demand Durability

Weak Moat

Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.