Global Net Lease, Inc. (GNL) FY2025 10-K Annual Report
Global Net Lease, Inc. (GNL) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 25, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Global Net Lease, Inc. FY2025 10-K Analysis
Business Overview
- • Core business model: REIT focusing on global portfolio of net lease income-producing properties in U.S., Canada, Western and Northern Europe
- • New emphasized segment: Strategic disposition of 99 multi-tenant retail properties sold for $3.3 billion, reported as discontinued operations
- • Strategic shift: Prioritized leverage reduction via select dispositions including Multi-Tenant Retail Portfolio sale, maintaining focus on investment grade tenants and stable cash flows
- • Quantitative metric: Portfolio 820 properties, 40.7 million rentable sq ft, 97% leased, weighted-average lease term 6.1 years, 66% rental income from investment grade tenants
- • Noteworthy fact: Operates in ten countries with tenant base across 71 industries, no single industry exceeds 10% of rental income on straight-line basis
Management Discussion & Analysis
- • No revenue or YoY change figures disclosed in the provided text
- • No profitability or margin % changes reported in this section
- • No segment performance or numbers detailed in the provided text
- • No cash flow, buybacks, dividends, or capex amounts mentioned
- • Interest rate sensitivity: 1% change shifts debt fair value by +$53.5M/-$51.8M; unhedged variable debt interest expense changes by ~$480.3M per 1% rate move
- • Foreign currency risk management noted; net foreign currency forward contracts liability $4.3M as of Dec 31, 2025; future minimum foreign rents $606.3M (EUR, GBP, CAD combined)
Risk Factors
- • Interest rate risk with 20% Finland mortgage variable exposure despite 80% fixed via pay-fixed swaps
- • Geopolitical risk from Finland properties’ mortgage subject to EUR interest rate variability on Revolving Credit Facility
- • Operational risk from reliance on Revolving Credit Facility with 100% USD portion variable interest exposure
- • Competitive threat from potential changes in borrowing costs impacting acquisition financing and leverage management
- • Leverage risk from total consolidated debt $2.6B with mix of fixed-rate 2.2%-5.8% and variable-rate 3.4%-5.1% obligations
Global Net Lease, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$495M
▼ -38.5% YoY
Net Income
-$269M
▼ -53.6% YoY
Operating Margin
22.4%
▼ -324bp YoY
Net Margin
-54.4%
▼ -3257bp YoY
ROE
-16.2%
▼ -817bp YoY
Total Assets
$4.3B
▼ -37.5% YoY
EPS (Diluted)
$-1.21
▼ -59.2% YoY
Operating Cash Flow
$223M
▼ -25.6% YoY
Source: XBRL data from Global Net Lease, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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