Global Net Lease (GNL) Financials

$7.20 +0.21 (+3.00%)

Closing price 04/14/2025 03:58 PM Eastern

Extended Trading

$7.28 +0.08 (+1.04%)

As of 08:00 AM Eastern

Annual Income Statements for Global Net Lease

This table shows Global Net Lease's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-54	-2.07	47	21	1.08	35	-7.78	-8.70	-8.36	-239	-175
Consolidated Net Income / (Loss)	-54	-2.02	48	24	11	46	11	11	12	-212	-132
Net Income / (Loss) Continuing Operations	-54	198	48	24	11	46	11	11	12	-212	-132
Total Pre-Tax Income	-55	3.87	52	27	13	51	16	24	23	-197	-127
Total Revenue	93	411	214	259	282	307	328	397	397	511	809
Net Interest Income / (Expense)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Non-Interest Income	93	411	214	259	282	307	328	397	397	511	809
Net Realized & Unrealized Capital Gains on Investments	0.00	-0.07	-	-	-	0.77	-2.34	5.83	19	-3.69	4.23
Other Non-Interest Income	93	411	214	259	282	306	330	391	379	515	805
Total Non-Interest Expense	137	172	154	173	214	191	231	279	278	530	599
Net Occupancy & Equipment Expense	7.95	18	19	29	29	28	32	33	33	68	142
Other Operating Expenses	5.11	43	31	29	41	53	59	67	70	115	67
Depreciation Expense	40	90	94	113	120	126	139	163	154	222	350
Impairment Charge	-	-	0.00	0.00	5.00	6.38	0.00	18	22	69	90
Restructuring Charge	83	6.05	9.79	1.98	14	1.32	0.66	0.14	0.24	54	6.03
Other Special Charges	-	-	-	-	5.75	-24	0.15	-1.48	-0.33	1.67	-57
Nonoperating Income / (Expense), net	-11	-34	-8.28	-59	-55	-65	-81	-94	-96	-178	-338
Income Tax Expense	-1.43	5.90	4.42	3.14	2.43	4.33	4.97	12	11	14	4.45
Preferred Stock Dividends Declared	-	0.00	0.00	2.83	9.82	12	19	20	20	27	44
Basic Earnings per Share	($0.43)	($0.04)	$0.82	$0.30	$0.01	$0.40	($0.09)	($0.20)	($0.09)	($1.71)	($0.76)
Weighted Average Basic Shares Outstanding	126.08M	58.10M	56.72M	66.88M	69.41M	85.03M	89.47M	98.28M	103.69M	142.58M	230.44M
Diluted Earnings per Share	($0.43)	($0.04)	$0.82	$0.30	$0.01	$0.39	($0.09)	($0.20)	($0.09)	($1.71)	($0.76)
Weighted Average Diluted Shares Outstanding	126.08M	58.10M	56.72M	66.88M	69.66M	86.35M	89.47M	98.28M	103.69M	142.58M	230.44M
Weighted Average Basic & Diluted Shares Outstanding	126.08M	58.10M	56.72M	69.10M	108.20M	89.46M	90.57M	103.60M	103.80M	230.34M	230.78M
Cash Dividends to Common per Share	$0.21	-	-	$2.13	$2.13	$2.13	$1.73	$1.73	$1.60	$1.55	$1.18

This table shows Global Net Lease's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	9.74	-18	-5.99	-31	-142	-60	-35	-47	-77	-17
Consolidated Net Income / (Loss)	15	-13	-0.89	-26	-136	-49	-24	-36	-66	-6.52
Net Income / (Loss) Continuing Operations	15	-13	-0.89	-26	-136	-49	-24	-36	-66	-6.52
Total Pre-Tax Income	18	-10	1.82	-23	-133	-43	-21	-36	-64	-5.56
Total Revenue	106	87	93	95	121	202	208	204	192	206
Total Non-Interest Income	106	87	93	95	121	202	208	204	192	206
Net Realized & Unrealized Capital Gains on Investments	13	-6.89	-1.66	-0.77	3.22	-4.48	1.59	0.53	-4.74	6.85
Other Non-Interest Income	93	94	94	96	118	207	206	203	197	199
Total Non-Interest Expense	64	70	64	91	214	161	147	137	179	135
Net Occupancy & Equipment Expense	7.77	9.85	8.15	9.03	14	37	38	36	34	36
Other Operating Expenses	17	19	19	39	41	17	18	18	15	16
Depreciation Expense	38	37	37	37	49	99	92	89	85	83
Impairment Charge	0.80	4.50	0.00	0.00	66	2.98	4.33	27	39	20
Restructuring Charge	0.10	-	0.10	6.28	44	4.35	0.76	1.57	1.90	1.79
Other Special Charges	-0.14	-	0.00	0.00	0.68	0.99	-5.87	-34	4.28	-21
Nonoperating Income / (Expense), net	-24	-27	-27	-26	-41	-84	-82	-102	-77	-76
Income Tax Expense	3.05	2.37	2.71	3.51	2.80	5.46	2.39	-0.25	1.35	0.96
Preferred Stock Dividends Declared	5.10	5.10	5.10	5.10	6.30	11	11	11	11	11
Basic Earnings per Share	$0.09	($0.17)	($0.06)	($0.30)	($1.11)	($0.24)	($0.15)	($0.20)	($0.33)	($0.08)
Weighted Average Basic Shares Outstanding	103.71M	103.69M	103.78M	104.15M	130.82M	142.58M	230.32M	230.38M	230.46M	230.44M
Diluted Earnings per Share	$0.09	($0.17)	($0.06)	($0.30)	($1.11)	($0.24)	($0.15)	($0.20)	($0.33)	($0.08)
Weighted Average Diluted Shares Outstanding	103.71M	103.69M	103.78M	104.15M	130.82M	142.58M	230.32M	230.38M	230.46M	230.44M
Weighted Average Basic & Diluted Shares Outstanding	103.80M	103.80M	103.85M	104.43M	230.34M	230.34M	230.38M	230.47M	230.63M	230.78M

This table details how cash moves in and out of Global Net Lease's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	56	-1.31	12	21	-1.16	152	-153	-26	16	61	64
Net Cash From Operating Activities	-9.69	102	114	131	145	146	177	192	182	144	299
Net Cash From Continuing Operating Activities	-9.69	102	114	131	145	146	177	192	183	144	299
Net Income / (Loss) Continuing Operations	-54	-2.02	48	24	11	46	11	11	12	-212	-132
Consolidated Net Income / (Loss)	-54	-2.02	48	24	11	46	11	11	12	-212	-132
Depreciation Expense	21	48	50	59	65	69	80	94	96	121	176
Amortization Expense	23	51	50	61	63	65	67	81	71	135	261
Non-Cash Adjustments to Reconcile Net Income	-10	-7.52	-29	-0.75	0.31	-14	13	-6.12	15	102	25
Changes in Operating Assets and Liabilities, net	11	13	-5.03	-13	5.24	-21	5.32	13	-11	-2.71	-32
Net Cash From Investing Activities	-1,517	-222	134	-79	-458	-294	-471	-437	-17	-552	760
Net Cash From Continuing Investing Activities	-1,517	-222	134	-79	-458	-294	-471	-437	-17	-552	760
Purchase of Property, Leasehold Improvements and Equipment	-	-	-	-3.12	-1.45	-17	-6.38	-7.92	-30	-47	-46
Acquisitions	-0.78	-	-	0.00	0.00	-2.80	0.00	0.00	-7.38	0.00	0.00
Purchase of Investment Securities	-1,516	-234	-0.20	-99	-480	-563	-464	-477	-34	-585	0.00
Sale and/or Maturity of Investments	0.00	11	108	23	24	288	0.00	49	55	81	806
Net Cash From Financing Activities	1,583	119	-237	-31	312	300	141	218	-150	469	-995
Net Cash From Continuing Financing Activities	1,583	119	-237	-31	312	300	141	218	-150	469	-995
Issuance of Debt	271	722	63	1,064	802	914	1,002	332	180	1,055	804
Issuance of Preferred Equity	-	0.00	0.00	130	0.00	118	-	16	4.72	0.00	0.00
Issuance of Common Equity	1,569	0.47	0.00	18	172	258	0.00	214	0.89	0.00	0.00
Repayment of Debt	-37	-374	-179	-1,085	-504	-809	-684	-150	-137	-341	-1,474
Repurchase of Common Equity	0.00	-2.31	-	-	-	0.00	0.00	-0.16	-0.69	-1.19	-1.04
Payment of Dividends	-35	-98	-122	-144	-158	-162	-173	-187	-188	-236	-316
Other Financing Activities, Net	-185	-129	2.06	-15	0.00	-19	-15	-6.47	-10	-6.89	-7.61
Cash Interest Paid	6.54	25	36	44	49	58	67	82	87	137	249
Cash Income Taxes Paid	0.00	1.59	3.78	9.44	4.35	5.04	5.46	17	14	13	13

This table details how cash moves in and out of Global Net Lease's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	23	-38	14	-18	75	-10	19	-26	16	54
Net Cash From Operating Activities	54	22	63	21	3.59	56	92	70	62	75
Net Cash From Continuing Operating Activities	54	24	63	22	3.36	56	92	70	62	75
Net Income / (Loss) Continuing Operations	15	-13	-0.89	-26	-136	-49	-24	-36	-66	-6.52
Consolidated Net Income / (Loss)	15	-13	-0.89	-26	-136	-49	-24	-36	-66	-6.52
Depreciation Expense	24	23	24	24	29	45	45	45	44	43
Amortization Expense	17	17	17	17	28	73	68	73	60	60
Non-Cash Adjustments to Reconcile Net Income	-11	16	2.07	8.84	90	1.28	-6.73	2.75	44	-15
Changes in Operating Assets and Liabilities, net	9.05	-20	21	-2.36	-6.92	-15	10	-15	-21	-6.37
Net Cash From Investing Activities	-12	31	-89	-3.72	-461	1.88	35	246	234	245
Net Cash From Continuing Investing Activities	-12	31	-89	-3.72	-461	1.88	35	246	234	245
Purchase of Property, Leasehold Improvements and Equipment	-14	-11	-7.44	-3.72	-18	-18	-7.98	-11	-14	-13
Sale and/or Maturity of Investments	2.60	49	0.00	-	7.93	73	43	256	249	257
Net Cash From Financing Activities	-19	-91	40	-35	533	-68	-108	-342	-280	-265
Net Cash From Continuing Financing Activities	-19	-91	40	-35	533	-68	-108	-342	-280	-265
Issuance of Debt	66	35	91	265	594	105	161	568	35	40
Repayment of Debt	-39	-79	-4.62	-253	-3.58	-80	-175	-829	-241	-230
Repurchase of Common Equity	-0.26	0.00	0.00	-0.32	-0.77	-0.10	-0.06	-0.37	-0.13	-0.49
Payment of Dividends	-47	-47	-47	-47	-50	-93	-93	-74	-74	-75

This table presents Global Net Lease's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	2,429	2,541	2,891	3,039	3,309	3,702	3,967	4,183	3,962	8,099	6,956
Cash and Due from Banks	65	70	70	102	100	270	124	90	103	122	160
Restricted Cash	6.10	3.32	7.50	5.30	3.37	3.99	1.45	3.64	1.11	41	65
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	284	1,895	2,129	2,203	2,307	2,594	2,932	3,132	2,906	6,212	5,305
Deferred Acquisition Cost	15	4.41	1.09	6.77	6.31	11	7.88	4.93	13	15	9.81
Goodwill	-	-	-	-	-	-	-	-	21	47	51
Intangible Assets	488	521	601	652	698	674	735	770	689	1,360	1,058
Other Assets	41	47	78	69	194	148	166	182	227	302	307
Total Liabilities & Shareholders' Equity	2,429	2,541	2,891	3,039	3,309	3,702	3,967	4,183	3,962	8,099	6,956
Total Liabilities	1,012	1,320	1,535	1,624	1,881	1,992	2,413	2,556	2,508	5,460	4,769
Short-Term Debt	665	723	632	315	368	207	131	226	670	1,749	1,394
Other Short-Term Payables	26	19	23	26	34	27	33	-	28	110	88
Long-Term Debt	281	525	803	1,215	1,409	1,670	2,154	2,201	1,726	3,404	3,128
Other Long-Term Liabilities	17	53	78	69	70	88	72	130	82	196	159
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,417	1,220	1,356	1,414	1,429	1,710	1,554	1,627	1,454	2,639	2,187
Total Preferred & Common Equity	1,417	1,205	1,348	1,413	1,425	1,698	1,533	1,621	1,439	2,638	2,187
Preferred Stock	-	0.00	-	-	0.05	0.10	0.11	0.11	0.12	0.24	0.24
Total Common Equity	1,417	1,205	1,348	1,413	1,425	1,698	1,532	1,621	1,439	2,638	2,187
Common Stock	1,577	1,482	1,711	1,862	2,034	2,411	2,421	2,678	2,686	4,354	4,363
Retained Earnings	-155	-273	-346	-468	-615	-733	-897	-1,072	-1,248	-1,702	-2,150
Accumulated Other Comprehensive Income / (Loss)	-5.59	-3.65	-17	19	6.81	20	8.07	16	1.15	-14	-26
Noncontrolling Interest	0.00	15	8.20	1.08	3.26	12	22	5.92	15	1.40	0.00

This table presents Global Net Lease's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	3,966	4,041	4,002	8,185	7,969	7,613	7,336
Cash and Due from Banks	128	119	101	133	132	122	127
Restricted Cash	6.63	1.43	4.27	45	52	50	54
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	2,864	2,932	2,927	6,267	6,169	5,863	5,640
Deferred Acquisition Cost	14	12	11	17	14	13	11
Goodwill	20	22	22	51	49	50	52
Intangible Assets	670	739	728	1,367	1,249	1,216	1,129
Other Assets	262	216	209	305	304	299	323
Total Liabilities & Shareholders' Equity	3,966	4,041	4,002	8,185	7,969	7,613	7,336
Total Liabilities	2,481	2,630	2,647	5,391	5,442	5,189	5,061
Short-Term Debt	605	769	1,040	1,610	1,764	1,737	1,603
Other Short-Term Payables	33	36	36	129	112	97	102
Long-Term Debt	1,751	1,734	1,489	3,453	3,372	3,165	3,174
Other Long-Term Liabilities	92	91	81	199	194	190	181
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,485	1,412	1,355	2,793	2,527	2,423	2,275
Total Preferred & Common Equity	1,472	1,394	1,336	2,792	2,525	2,421	2,273
Preferred Stock	0.12	0.12	0.12	0.24	0.24	0.24	0.24
Total Common Equity	1,472	1,394	1,336	2,819	2,525	2,421	2,272
Common Stock	2,685	2,686	2,693	4,381	4,355	4,357	4,358
Retained Earnings	-1,188	-1,296	-1,369	-1,561	-1,819	-1,929	-2,069
Accumulated Other Comprehensive Income / (Loss)	-25	3.70	12	-0.60	-12	-6.83	-17
Noncontrolling Interest	13	17	19	1.29	1.81	2.23	2.65

This table displays calculated financial ratios and metrics derived from Global Net Lease's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2,263.53%	339.69%	-47.84%	21.07%	8.84%	8.78%	6.77%	21.14%	0.11%	28.65%	58.25%
EBITDA Growth	103.06%	295,369.30%	-52.22%	28.16%	-4.90%	27.53%	-2.31%	19.64%	-2.09%	-17.15%	173.18%
EBIT Growth	-619.29%	647.46%	-74.72%	42.74%	-20.95%	70.04%	-16.22%	21.51%	1.23%	-116.00%	1,204.77%
NOPAT Growth	-619.29%	34.37%	375.60%	37.68%	-26.78%	90.29%	-37.31%	-14.20%	9.23%	-121.48%	1,204.77%
Net Income Growth	-666.83%	96.24%	2,461.14%	-50.43%	-53.80%	326.50%	-76.81%	5.46%	5.78%	-1,862.54%	37.91%
EPS Growth	66.41%	96.24%	2,461.14%	-63.41%	-96.67%	3,800.00%	-123.08%	-122.22%	55.00%	-1,800.00%	55.56%
Operating Cash Flow Growth	-165.78%	1,153.90%	11.98%	14.48%	10.42%	0.97%	21.13%	8.84%	-5.54%	-20.94%	108.34%
Free Cash Flow Firm Growth	-968.99%	94.29%	-113.58%	71.20%	-167.29%	-34.02%	32.29%	15.95%	268.98%	-1,591.78%	131.13%
Invested Capital Growth	1,074.06%	4.45%	13.06%	5.48%	8.88%	11.90%	7.05%	5.57%	-5.01%	102.38%	-13.91%
Revenue Q/Q Growth	88.46%	109.99%	-49.39%	5.80%	1.67%	0.77%	24.13%	-2.09%	-9.51%	29.08%	0.46%
EBITDA Q/Q Growth	101.08%	259.14%	-57.87%	12.35%	-9.13%	14.89%	23.41%	-6.16%	-11.52%	74.49%	2.34%
EBIT Q/Q Growth	-4.94%	3,056.10%	-78.43%	23.15%	-23.74%	35.39%	78.06%	-18.47%	-21.02%	55.56%	16.51%
NOPAT Q/Q Growth	-4.94%	-478.37%	-24.68%	27.00%	-27.74%	33.64%	37.63%	-2.21%	-30.79%	55.56%	16.51%
Net Income Q/Q Growth	-5.11%	89.76%	8.24%	-24.42%	-53.90%	58.87%	-66.53%	100.56%	-45.02%	-20.42%	24.22%
EPS Q/Q Growth	-48.28%	89.76%	8.24%	-34.78%	-95.00%	77.27%	-164.29%	25.93%	-1,000.00%	-4.27%	17.39%
Operating Cash Flow Q/Q Growth	11.04%	53.95%	-9.07%	3.24%	9.67%	5.00%	-4.13%	-3.07%	-6.30%	30.48%	6.78%
Free Cash Flow Firm Q/Q Growth	-18.81%	78.38%	-215.42%	82.97%	-7.24%	6.02%	-18.94%	45.94%	-10.69%	2.24%	32.26%
Invested Capital Q/Q Growth	23.39%	-1.24%	19.21%	3.19%	2.68%	2.65%	3.79%	0.14%	0.25%	-0.81%	-4.87%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	0.12%	82.04%	75.15%	79.55%	69.51%	81.50%	74.57%	73.64%	72.03%	46.38%	80.07%
EBIT Margin	-46.65%	58.08%	28.15%	33.19%	24.10%	37.68%	29.56%	29.65%	29.98%	-3.73%	26.04%
Profit (Net Income) Margin	-57.39%	-0.49%	22.21%	9.10%	3.86%	15.14%	3.29%	2.86%	3.02%	-41.44%	-16.26%
Tax Burden Percent	97.40%	-52.01%	91.50%	88.25%	81.74%	91.47%	68.44%	48.33%	52.15%	107.33%	103.50%
Interest Burden Percent	126.32%	1.62%	86.26%	31.06%	19.60%	43.93%	16.25%	19.97%	19.34%	1,035.15%	-60.33%
Effective Tax Rate	0.00%	152.30%	8.50%	11.75%	18.26%	8.53%	31.56%	51.67%	47.85%	0.00%	0.00%
Return on Invested Capital (ROIC)	-2.38%	-0.83%	2.10%	2.65%	1.81%	3.12%	1.79%	1.44%	1.57%	-0.23%	2.03%
ROIC Less NNEP Spread (ROIC-NNEP)	-6.89%	0.81%	1.53%	-0.88%	-0.90%	-0.13%	-0.88%	-0.49%	-0.51%	-5.49%	-3.73%
Return on Net Nonoperating Assets (RNNOA)	-4.59%	0.68%	1.60%	-0.95%	-1.04%	-0.15%	-1.13%	-0.73%	-0.79%	-10.13%	-7.49%
Return on Equity (ROE)	-6.96%	-0.15%	3.69%	1.70%	0.77%	2.96%	0.66%	0.71%	0.78%	-10.35%	-5.45%
Cash Return on Invested Capital (CROIC)	-170.98%	-5.18%	-10.16%	-2.68%	-6.69%	-8.12%	-5.03%	-3.98%	6.71%	-67.94%	16.98%
Operating Return on Assets (OROA)	-3.30%	9.60%	2.22%	2.90%	2.14%	3.30%	2.53%	2.89%	2.93%	-0.32%	2.80%
Return on Assets (ROA)	-4.05%	-0.08%	1.75%	0.80%	0.34%	1.33%	0.28%	0.28%	0.30%	-3.51%	-1.75%
Return on Common Equity (ROCE)	-6.96%	-0.15%	3.66%	1.70%	0.77%	2.95%	0.65%	0.71%	0.78%	-10.31%	-5.45%
Return on Equity Simple (ROE_SIMPLE)	-3.78%	-0.17%	3.53%	1.67%	0.76%	2.74%	0.70%	0.70%	0.84%	-8.03%	-6.02%
Net Operating Profit after Tax (NOPAT)	-30	-20	55	76	56	106	66	57	62	-13	147
NOPAT Margin	-32.65%	-4.87%	25.75%	29.29%	19.70%	34.47%	20.24%	14.33%	15.64%	-2.61%	18.23%
Net Nonoperating Expense Percent (NNEP)	4.51%	-1.64%	0.56%	3.53%	2.70%	3.25%	2.67%	1.93%	2.08%	5.26%	5.77%
SG&A Expenses to Revenue	8.51%	4.43%	8.89%	11.13%	10.18%	9.22%	9.88%	8.25%	8.27%	13.27%	17.61%
Operating Expenses to Revenue	146.65%	41.92%	71.85%	66.81%	75.90%	62.32%	70.44%	70.35%	70.02%	103.73%	73.96%
Earnings before Interest and Taxes (EBIT)	-44	238	60	86	68	116	97	118	119	-19	211
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	0.11	337	161	206	196	250	244	292	286	237	648
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.43	0.42	0.46	0.46	0.61	0.63	0.68	0.66	0.72	0.74
Price to Tangible Book Value (P/TBV)	0.00	0.76	0.76	0.85	0.91	1.01	1.22	1.29	1.30	1.55	1.50
Price to Revenue (P/Rev)	0.00	1.27	2.64	2.49	2.34	3.36	2.96	2.76	2.38	3.73	2.00
Price to Earnings (P/E)	0.00	0.00	11.98	31.08	609.02	29.88	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	11.52%	21.41%	22.24%	23.30%	18.47%	15.99%	15.12%	17.57%	18.75%	16.80%
Earnings Yield	0.00%	0.00%	8.35%	3.22%	0.16%	3.35%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.69	0.69	0.70	0.73	0.74	0.82	0.85	0.84	0.89	0.88
Enterprise Value to Revenue (EV/Rev)	0.00	4.17	9.01	7.97	8.27	8.62	9.61	8.65	8.18	13.50	7.31
Enterprise Value to EBITDA (EV/EBITDA)	0.00	5.08	11.99	10.02	11.90	10.58	12.89	11.75	11.36	29.10	9.13
Enterprise Value to EBIT (EV/EBIT)	0.00	7.17	32.02	24.02	34.33	22.88	32.52	29.18	27.29	0.00	28.08
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	35.00	27.22	41.99	25.02	47.51	60.38	52.32	0.00	40.11
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	16.74	16.88	15.79	16.15	18.13	17.82	17.85	17.89	48.02	19.76
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	12.27	0.00	4.81
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.67	1.02	1.06	1.08	1.24	1.10	1.47	1.49	1.65	1.95	2.07
Long-Term Debt to Equity	0.20	0.43	0.59	0.86	0.99	0.98	1.39	1.35	1.19	1.29	1.43
Financial Leverage	0.67	0.83	1.04	1.07	1.16	1.16	1.28	1.48	1.57	1.84	2.00
Leverage Ratio	1.72	1.88	2.11	2.14	2.23	2.23	2.35	2.56	2.64	2.95	3.12
Compound Leverage Factor	2.17	0.03	1.82	0.66	0.44	0.98	0.38	0.51	0.51	30.50	-1.88
Debt to Total Capital	40.05%	50.57%	51.41%	51.96%	55.42%	52.32%	59.52%	59.87%	62.24%	66.13%	67.40%
Short-Term Debt to Total Capital	28.16%	29.30%	22.65%	10.69%	11.48%	5.76%	3.41%	5.56%	17.41%	22.45%	20.78%
Long-Term Debt to Total Capital	11.90%	21.27%	28.76%	41.27%	43.95%	46.56%	56.10%	54.31%	44.83%	43.68%	46.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.60%	0.29%	0.04%	0.10%	0.34%	0.57%	0.15%	0.39%	0.02%	0.00%
Common Equity to Total Capital	59.95%	48.83%	48.29%	48.00%	44.47%	47.33%	39.91%	39.98%	37.37%	33.85%	32.59%
Debt to EBITDA	8,303.24	3.71	8.91	7.41	9.05	7.50	9.35	8.30	8.37	21.73	6.98
Net Debt to EBITDA	7,682.29	3.49	8.43	6.89	8.53	6.40	8.84	7.98	8.01	21.04	6.63
Long-Term Debt to EBITDA	2,466.54	1.56	4.99	5.89	7.18	6.68	8.81	7.53	6.03	14.35	4.83
Debt to NOPAT	-31.04	-62.37	26.01	20.14	31.95	17.74	34.46	42.65	38.56	-385.98	30.66
Net Debt to NOPAT	-28.72	-58.71	24.61	18.72	30.08	15.14	32.56	41.01	36.88	-373.82	29.14
Long-Term Debt to NOPAT	-9.22	-26.23	14.55	16.00	25.33	15.78	32.48	38.68	27.77	-254.95	21.21
Noncontrolling Interest Sharing Ratio	0.00%	0.56%	0.89%	0.34%	0.16%	0.50%	1.05%	0.88%	0.68%	0.41%	0.04%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,192	-125	-267	-77	-206	-276	-187	-157	265	-3,955	1,231
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	4,199.94%	9,944.77%	841.69%	2,770.66%	2,429.24%	607.24%	303.92%	656.33%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.07	0.17	0.08	0.09	0.09	0.09	0.09	0.10	0.10	0.08	0.11
Fixed Asset Turnover	0.43	0.38	0.11	0.12	0.13	0.13	0.12	0.13	0.13	0.11	0.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,363	2,468	2,791	2,944	3,205	3,587	3,840	4,053	3,850	7,792	6,709
Invested Capital Turnover	0.07	0.17	0.08	0.09	0.09	0.09	0.09	0.10	0.10	0.09	0.11
Increase / (Decrease) in Invested Capital	2,162	105	322	153	261	382	253	214	-203	3,942	-1,084
Enterprise Value (EV)	0.00	1,710	1,930	2,067	2,335	2,647	3,151	3,436	3,252	6,902	5,916
Market Capitalization	0.00	521	565	644	659	1,032	970	1,096	945	1,909	1,619
Book Value per Share	$8.01	$7.14	$7.92	$21.00	$19.78	$18.98	$17.13	$15.64	$13.86	$11.45	$9.48
Tangible Book Value per Share	$5.25	$4.05	$4.39	$11.31	$10.10	$11.44	$8.91	$8.21	$7.02	$5.34	$4.67
Total Capital	2,363	2,468	2,791	2,944	3,205	3,587	3,840	4,053	3,850	7,792	6,709
Total Debt	947	1,248	1,435	1,529	1,776	1,877	2,285	2,427	2,396	5,153	4,522
Total Long-Term Debt	281	525	803	1,215	1,409	1,670	2,154	2,201	1,726	3,404	3,128
Net Debt	876	1,175	1,358	1,422	1,673	1,602	2,160	2,333	2,292	4,991	4,298
Capital Expenditures (CapEx)	0.00	0.00	0.00	3.12	1.45	17	6.38	7.92	30	47	46
Net Nonoperating Expense (NNE)	23	-18	7.58	52	45	59	56	46	50	199	279
Net Nonoperating Obligations (NNO)	947	1,248	1,435	1,529	1,776	1,877	2,285	2,427	2,396	5,153	4,522
Total Depreciation and Amortization (D&A)	44	98	101	120	128	135	147	175	167	256	437
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.29)	($0.03)	$0.81	$0.30	$0.01	$0.40	($0.09)	($0.20)	($0.09)	($1.71)	($0.76)
Adjusted Weighted Average Basic Shares Outstanding	59.91M	56.31M	66.27M	67.34M	69.41M	85.03M	89.47M	98.28M	103.69M	142.58M	230.44M
Adjusted Diluted Earnings per Share	($1.29)	($0.03)	$0.81	$0.30	$0.01	$0.39	($0.09)	($0.20)	($0.09)	($1.71)	($0.76)
Adjusted Weighted Average Diluted Shares Outstanding	59.91M	56.31M	66.27M	67.34M	69.66M	86.35M	89.47M	98.28M	103.69M	142.58M	230.44M
Adjusted Basic & Diluted Earnings per Share	($1.29)	($0.03)	$0.81	$0.30	$0.01	$0.40	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	42.03M	58.10M	56.72M	66.88M	83.84M	89.46M	90.57M	103.60M	103.80M	230.34M	230.78M
Normalized Net Operating Profit after Tax (NOPAT)	28	31	64	78	76	91	67	94	73	74	175
Normalized NOPAT Margin	29.94%	7.56%	29.94%	29.96%	26.83%	29.72%	20.41%	23.61%	18.45%	14.48%	21.64%
Pre Tax Income Margin	-58.92%	0.94%	24.28%	10.31%	4.72%	16.55%	4.80%	5.92%	5.80%	-38.61%	-15.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-66.08%	-4,881.99%	257.25%	609.94%	1,448.48%	348.67%	1,604.47%	1,645.68%	1,559.84%	-111.57%	-240.41%
Augmented Payout Ratio	-66.08%	-4,996.77%	257.25%	609.94%	1,448.48%	348.67%	1,604.47%	1,647.05%	1,565.55%	-112.13%	-241.20%

This table displays calculated financial ratios and metrics derived from Global Net Lease's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.45%	-32.42%	-8.92%	-7.68%	14.82%	132.32%	124.04%	114.39%	58.03%	1.84%
EBITDA Growth	5.31%	-39.46%	-14.07%	-30.80%	-143.02%	176.98%	148.59%	309.81%	428.04%	9.36%
EBIT Growth	22.69%	-65.11%	-23.35%	-83.57%	-319.19%	140.35%	110.45%	1,687.35%	114.30%	73.11%
NOPAT Growth	28.34%	129.83%	-148.57%	128.90%	-284.99%	140.35%	400.75%	1,687.35%	114.30%	73.11%
Net Income Growth	100.78%	-352.07%	-108.44%	-3,567.32%	-1,017.81%	-284.32%	-2,568.65%	-35.82%	51.80%	86.57%
EPS Growth	350.00%	-142.86%	-220.00%	-400.00%	-1,333.33%	-41.18%	-150.00%	33.33%	70.27%	66.67%
Operating Cash Flow Growth	-46.38%	-35.48%	1.93%	-51.57%	-93.31%	151.16%	46.29%	229.66%	1,629.08%	34.07%
Free Cash Flow Firm Growth	175.34%	184.71%	198.40%	-72.03%	-1,786.11%	-1,921.19%	-4,098.46%	-7,905.67%	119.94%	128.95%
Invested Capital Growth	-5.12%	-5.01%	-2.65%	-1.04%	104.56%	102.38%	95.73%	88.57%	-10.24%	-13.91%
Revenue Q/Q Growth	2.67%	-17.65%	6.46%	2.58%	27.68%	66.62%	2.66%	-1.84%	-5.88%	7.37%
EBITDA Q/Q Growth	27.70%	-31.20%	21.36%	-35.10%	-179.39%	542.94%	8.92%	6.99%	-36.45%	47.66%
EBIT Q/Q Growth	86.39%	-59.67%	69.01%	-87.07%	-2,586.30%	144.23%	47.98%	9.85%	-80.11%	435.31%
NOPAT Q/Q Growth	488.43%	-65.96%	-218.26%	118.48%	-2,586.30%	144.23%	47.98%	9.85%	-80.11%	435.31%
Net Income Q/Q Growth	2,172.35%	-185.19%	92.96%	-2,850.34%	-418.64%	64.33%	51.11%	-50.16%	-84.04%	90.06%
EPS Q/Q Growth	250.00%	-288.89%	64.71%	-400.00%	-270.00%	78.38%	37.50%	-33.33%	-65.00%	75.76%
Operating Cash Flow Q/Q Growth	21.87%	-58.64%	183.67%	-66.13%	-83.17%	1,452.80%	65.23%	-23.68%	-11.70%	20.40%
Free Cash Flow Firm Q/Q Growth	55.68%	-11.21%	-56.87%	-53.08%	-9,483.97%	4.09%	5.31%	8.40%	123.97%	39.29%
Invested Capital Q/Q Growth	-2.16%	0.25%	1.67%	-0.78%	102.25%	-0.81%	-1.66%	-4.41%	-3.73%	-4.87%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	78.67%	65.72%	74.92%	47.40%	-29.48%	78.36%	83.13%	90.61%	61.19%	84.14%
EBIT Margin	39.85%	19.52%	30.99%	3.91%	-76.07%	20.19%	29.11%	32.57%	6.88%	34.32%
Profit (Net Income) Margin	14.04%	-14.52%	-0.96%	-27.62%	-112.19%	-24.02%	-11.44%	-17.50%	-34.22%	-3.17%
Tax Burden Percent	82.94%	123.08%	-48.98%	115.42%	102.10%	112.66%	111.18%	99.30%	102.09%	117.30%
Interest Burden Percent	42.47%	-60.44%	6.33%	-612.55%	144.45%	-105.59%	-35.35%	-54.10%	-486.82%	-7.87%
Effective Tax Rate	17.06%	0.00%	148.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	3.68%	1.37%	-1.49%	0.27%	-3.61%	1.24%	2.20%	2.99%	0.52%	2.68%
ROIC Less NNEP Spread (ROIC-NNEP)	2.83%	0.36%	-0.95%	-0.91%	-5.54%	-0.80%	0.48%	0.78%	-1.00%	1.52%
Return on Net Nonoperating Assets (RNNOA)	4.25%	0.56%	-1.56%	-1.55%	-9.60%	-1.48%	0.92%	1.53%	-1.94%	3.05%
Return on Equity (ROE)	7.93%	1.93%	-3.04%	-1.28%	-13.21%	-0.24%	3.13%	4.52%	-1.42%	5.74%
Cash Return on Invested Capital (CROIC)	7.53%	6.71%	2.84%	2.69%	-69.18%	-67.94%	-64.59%	-60.45%	12.49%	16.98%
Operating Return on Assets (OROA)	4.29%	1.91%	2.94%	0.37%	-4.96%	1.71%	3.04%	4.12%	0.71%	3.69%
Return on Assets (ROA)	1.51%	-1.42%	-0.09%	-2.61%	-7.32%	-2.04%	-1.19%	-2.21%	-3.55%	-0.34%
Return on Common Equity (ROCE)	7.89%	1.92%	-3.02%	-1.27%	-13.25%	-0.24%	3.11%	4.50%	-1.43%	5.73%
Return on Equity Simple (ROE_SIMPLE)	1.49%	0.00%	0.04%	-1.87%	-6.30%	0.00%	-9.30%	-10.09%	-7.64%	0.00%
Net Operating Profit after Tax (NOPAT)	35	12	-14	2.60	-65	29	42	46	9.24	49
NOPAT Margin	33.05%	13.66%	-15.18%	2.73%	-53.25%	14.13%	20.37%	22.80%	4.82%	24.03%
Net Nonoperating Expense Percent (NNEP)	0.85%	1.02%	-0.53%	1.17%	1.93%	2.04%	1.73%	2.21%	1.52%	1.16%
SG&A Expenses to Revenue	7.34%	11.32%	8.79%	9.50%	11.22%	18.31%	18.22%	17.43%	17.47%	17.29%
Operating Expenses to Revenue	60.15%	80.48%	69.01%	96.09%	176.07%	79.81%	70.89%	67.43%	93.12%	65.68%
Earnings before Interest and Taxes (EBIT)	42	17	29	3.71	-92	41	60	66	13	71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	83	57	69	45	-36	158	173	185	117	173
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.56	0.66	0.77	0.66	0.30	0.72	0.66	0.67	0.83	0.74
Price to Tangible Book Value (P/TBV)	1.06	1.30	1.69	1.51	0.60	1.55	1.35	1.41	1.72	1.50
Price to Revenue (P/Rev)	1.89	2.38	2.76	2.32	2.11	3.73	2.65	2.22	2.33	2.00
Price to Earnings (P/E)	529.83	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	20.03%	17.57%	15.52%	18.79%	20.03%	18.75%	20.89%	19.53%	15.45%	16.80%
Earnings Yield	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.80	0.84	0.89	0.86	0.73	0.89	0.86	0.87	0.92	0.88
Enterprise Value to Revenue (EV/Rev)	6.97	8.18	8.93	8.75	14.44	13.50	10.56	8.66	8.04	7.31
Enterprise Value to EBITDA (EV/EBITDA)	9.46	11.36	12.62	13.06	42.08	29.10	19.44	13.26	10.23	9.13
Enterprise Value to EBIT (EV/EBIT)	20.29	27.29	31.42	36.35	0.00	0.00	523.37	84.50	35.81	28.08
Enterprise Value to NOPAT (EV/NOPAT)	34.10	52.32	596.40	51.93	0.00	0.00	747.67	120.71	51.15	40.11
Enterprise Value to Operating Cash Flow (EV/OCF)	15.78	17.89	18.96	20.76	51.92	48.02	38.27	28.67	23.09	19.76
Enterprise Value to Free Cash Flow (EV/FCFF)	10.32	12.27	30.83	31.70	0.00	0.00	0.00	0.00	6.96	4.81
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.59	1.65	1.77	1.87	1.81	1.95	2.03	2.02	2.10	2.07
Long-Term Debt to Equity	1.18	1.19	1.23	1.10	1.24	1.29	1.33	1.31	1.40	1.43
Financial Leverage	1.50	1.57	1.64	1.71	1.73	1.84	1.94	1.97	1.94	2.00
Leverage Ratio	2.59	2.64	2.73	2.79	2.84	2.95	3.05	3.07	3.06	3.12
Compound Leverage Factor	1.10	-1.60	0.17	-17.10	4.10	-3.11	-1.08	-1.66	-14.91	-0.25
Debt to Total Capital	61.35%	62.24%	63.94%	65.11%	64.45%	66.13%	67.03%	66.92%	67.74%	67.40%
Short-Term Debt to Total Capital	15.76%	17.41%	19.64%	26.78%	20.50%	22.45%	23.02%	23.72%	22.72%	20.78%
Long-Term Debt to Total Capital	45.59%	44.83%	44.30%	38.33%	43.95%	43.68%	44.01%	43.20%	45.01%	46.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.33%	0.39%	0.44%	0.50%	0.02%	0.02%	0.02%	0.03%	0.04%	0.00%
Common Equity to Total Capital	38.32%	37.37%	35.62%	34.38%	35.89%	33.85%	32.95%	33.05%	32.22%	32.59%
Debt to EBITDA	7.28	8.37	9.10	9.92	37.25	21.73	15.09	10.21	7.54	6.98
Net Debt to EBITDA	6.86	8.01	8.67	9.51	35.93	21.04	14.55	9.85	7.26	6.63
Long-Term Debt to EBITDA	5.41	6.03	6.31	5.84	25.40	14.35	9.91	6.59	5.01	4.83
Debt to NOPAT	26.23	38.56	430.21	39.47	-168.53	-385.98	580.34	92.98	37.73	30.66
Net Debt to NOPAT	24.73	36.88	409.48	37.83	-162.59	-373.82	559.58	89.71	36.30	29.14
Long-Term Debt to NOPAT	19.50	27.77	298.05	23.23	-114.93	-254.95	381.03	60.03	25.07	21.21
Noncontrolling Interest Sharing Ratio	0.52%	0.68%	0.85%	1.04%	-0.31%	0.41%	0.49%	0.58%	-0.46%	0.04%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	242	215	93	43	-4,080	-3,913	-3,706	-3,394	813	1,133
Operating Cash Flow to CapEx	373.66%	205.93%	846.98%	574.20%	19.52%	314.71%	1,155.79%	669.89%	434.33%	582.32%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.11	0.10	0.09	0.09	0.07	0.08	0.10	0.13	0.10	0.11
Fixed Asset Turnover	0.15	0.13	0.13	0.13	0.09	0.11	0.14	0.17	0.14	0.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,841	3,850	3,915	3,884	7,856	7,792	7,663	7,325	7,052	6,709
Invested Capital Turnover	0.11	0.10	0.10	0.10	0.07	0.09	0.11	0.13	0.11	0.11
Increase / (Decrease) in Invested Capital	-207	-203	-107	-41	4,016	3,942	3,748	3,441	-804	-1,084
Enterprise Value (EV)	3,062	3,252	3,470	3,328	5,720	6,902	6,617	6,364	6,476	5,916
Market Capitalization	828	945	1,070	884	834	1,909	1,663	1,632	1,877	1,619
Book Value per Share	$14.19	$13.86	$13.43	$12.86	$27.00	$11.45	$10.96	$10.51	$9.86	$9.48
Tangible Book Value per Share	$7.53	$7.02	$6.11	$5.65	$13.42	$5.34	$5.33	$5.01	$4.73	$4.67
Total Capital	3,841	3,850	3,915	3,884	7,856	7,792	7,663	7,325	7,052	6,709
Total Debt	2,356	2,396	2,503	2,529	5,063	5,153	5,136	4,902	4,777	4,522
Total Long-Term Debt	1,751	1,726	1,734	1,489	3,453	3,404	3,372	3,165	3,174	3,128
Net Debt	2,221	2,292	2,383	2,424	4,885	4,991	4,952	4,729	4,596	4,298
Capital Expenditures (CapEx)	14	11	7.44	3.72	18	18	7.98	11	14	13
Net Nonoperating Expense (NNE)	20	25	-13	29	72	77	66	82	75	56
Net Nonoperating Obligations (NNO)	2,356	2,396	2,503	2,529	5,063	5,153	5,136	4,902	4,777	4,522
Total Depreciation and Amortization (D&A)	41	40	41	41	57	118	112	118	104	103
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.09	($0.17)	($0.06)	($0.30)	($1.11)	($0.24)	($0.15)	($0.20)	($0.33)	($0.08)
Adjusted Weighted Average Basic Shares Outstanding	103.71M	103.69M	103.78M	104.15M	130.82M	142.58M	230.32M	230.38M	230.46M	230.44M
Adjusted Diluted Earnings per Share	$0.09	($0.17)	($0.06)	($0.30)	($1.11)	($0.24)	($0.15)	($0.20)	($0.33)	($0.08)
Adjusted Weighted Average Diluted Shares Outstanding	103.71M	103.69M	103.78M	104.15M	130.82M	142.58M	230.32M	230.38M	230.46M	230.44M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	103.80M	103.80M	103.85M	104.43M	230.34M	230.34M	230.38M	230.47M	230.63M	230.78M
Normalized Net Operating Profit after Tax (NOPAT)	36	15	20	7.00	12	34	42	43	41	50
Normalized NOPAT Margin	33.64%	17.28%	21.76%	7.36%	10.27%	17.01%	20.11%	21.04%	21.15%	24.22%
Pre Tax Income Margin	16.92%	-11.80%	1.96%	-23.93%	-109.88%	-21.32%	-10.29%	-17.62%	-33.52%	-2.70%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	856.83%	1,559.84%	31,708.61%	-752.81%	-108.31%	-111.57%	-120.24%	-126.90%	-192.53%	-240.41%
Augmented Payout Ratio	859.98%	1,565.55%	31,708.61%	-755.13%	-108.93%	-112.13%	-120.77%	-127.43%	-192.90%	-241.20%

Frequently Asked Questions About Global Net Lease's Financials

When does Global Net Lease's fiscal year end?

According to the most recent income statement we have on file, Global Net Lease's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Global Net Lease's net income changed over the last 10 years?

Global Net Lease's net income appears to be on an upward trend, with a most recent value of -$131.57 million in 2024, rising from -$53.59 million in 2014. The previous period was -$211.91 million in 2023.

How has Global Net Lease revenue changed over the last 10 years?

Over the last 10 years, Global Net Lease's total revenue changed from $93.38 million in 2014 to $809.24 million in 2024, a change of 766.6%.

How much debt does Global Net Lease have?

Global Net Lease's total liabilities were at $4.77 billion at the end of 2024, a 12.7% decrease from 2023, and a 371.2% increase since 2014.

How much cash does Global Net Lease have?

In the past 10 years, Global Net Lease's cash and equivalents has ranged from $64.68 million in 2014 to $270.30 million in 2019, and is currently $159.70 million as of their latest financial filing in 2024.

How has Global Net Lease's book value per share changed over the last 10 years?

Over the last 10 years, Global Net Lease's book value per share changed from 8.01 in 2014 to 9.48 in 2024, a change of 18.3%.

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This page (NYSE:GNL) was last updated on 4/15/2025 by MarketBeat.com Staff

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Global Net Lease (GNL) Financials

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Global Net Lease (GNL) Financials

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