GLOBAL NET LEASE INC (GNL)
Real Estate · Net Lease REIT · NYSE
A REIT that owns and leases net lease industrial, retail, and office properties across the U.S., Canada, and Western/Northern Europe to investment-grade tenants.
What GLOBAL NET LEASE INC does
Global Net Lease is an internally managed REIT that acquires and manages a global portfolio of net lease properties across the United States, Canada, and Western/Northern Europe. As of December 31, 2025, the company owned 820 properties comprising 40.7 million rentable square feet that were 97% leased with a weighted-average remaining lease term of 6.1 years. The portfolio is diversified across Industrial & Distribution (46%), Retail (27%), and Office (27%) properties, with approximately 74% located in North America and 26% in Europe, leased to investment-grade tenants across 71 industries.
Themes: Net lease REIT, Global real estate portfolio, Investment-grade tenant base, Geographic diversification - North America and Europe, Leverage reduction through asset dispositions
Fundamentals
- Price$9.22 as of 2026-08-24 close
- Market cap$1.9B as of 2026-08-24
- 1-year return+17.3% 2025-08-22 close $7.86 → 2026-08-24 close $9.22
- P/En/a negative earnings
- Net margin-2.9% as of 2026-08-24
- Gross margin+88.8% as of 2026-08-24
- ROE-0.8% as of 2026-08-24
- Debt / equity1.59 as of 2026-08-24
- Revenue growth (YoY)-29.6% as of 2026-08-24
- Revenue CAGR (3y)+9.3% SEC XBRL
- Beta0.46 as of 2026-08-24
- Last reported earnings2026-08-05 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +16.2%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
How GNL compares in its sector
- net profit marginbottom 25% 161 covered Real Estate peers, as of 2026-08-24
- operating marginmiddle range 161 covered Real Estate peers, as of 2026-08-24
- gross margintop 25% 156 covered Real Estate peers, as of 2026-08-24
- return on equitybottom 25% 162 covered Real Estate peers, as of 2026-08-24
- 3-year revenue CAGRmiddle range 155 covered Real Estate peers
- indicated dividend yieldtop 10% 138 covered Real Estate peers, as of 2026-08-24
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, GNL's dividend was covered by reported results (operating-cash-flow payout 86%). This describes past coverage, not a forecast.
- Earnings payoutnot assessable earnings not reported
- Operating-cash-flow payout86% dividends / operating cash flow — capital spending was not reported, so this does not subtract it
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How GLOBAL NET LEASE INC looks technically
GLOBAL NET LEASE INC (GNL) is trading 0.0% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed below its 200-day average about 2 trading days ago — a "death cross", a bearish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 12, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 53, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 14 trading days ago.
Trend
9
| Distance from the 200-day | it is trading 0.0% above its 200-day average, the long-term trend line — a longer-term uptrend | 0.0% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $9.02 | $9.02 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $9.04 | $9.04 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing low 7 calendar days ago — the swings before that are what the structure reading is measured on | 7 sessions |
| Wave structure | its recent swings can be read as a completed three-part downward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes below 8.735. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave downward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 2 trading days ago — a "death cross", a bearish long-term signal | 2 sessions |
| Above the 200-day after a dip | it recently dipped to its 200-day average (the long-term trend line) and has since climbed back above it — now about 0.0% above | 0.0% |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 12, below the 25 that marks a real trend) | 12.3 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 53, neither overbought (above 70) nor oversold (below 30) | 52.5 |
|---|---|---|
| Position in its 14-day range | it is trading in the upper half of its 14-day range ($8.43 to $9.33) — its "stochastic" reading is 68 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 67.8 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 11 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $10.04 | $10.04 |
|---|---|---|
| From the 52-week high | it is 9.9% below its 52-week high (its highest price of the past year) | -9.9% |
| Above the 52-week low | it is 20.9% above its 52-week low (its lowest price of the past year) | +20.9% |
| Below the 52-week high | it is 9.9% below its highest point of the past year | 9.9% |
| Since a 20-day breakout | it made a new 20-day low about 14 trading days ago | 14 sessions |
| Since a 55-day breakout | it made a new 55-day low about 14 trading days ago | 14 sessions |
| All-time high | its highest closing price on record is $30.24 (set on 2015-06-02) | $30.24 |
| Given back of the 52-week move | over the past year its closes ranged ($7.55 to $9.96), and it has given back roughly a third of its rise from last year’s low — 38% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $8.39 to $8.47. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 38.2% |
| From the all-time high | it is 70.1% below its all-time high | -70.1% |
| Nearest price level | it is sitting right on a resistance level at $9.08 — a price it turned at five times since 2024-09-18, most recently on 2026-06-01. Since 2024-08-21 it has 9 such levels below the current price and 4 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.5% |
| All-time low | its lowest closing price on record is $6.51 (set on 2025-04-09) | $6.51 |
| Above the all-time low | it is 38.9% above its all-time low | +38.9% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually wide versus its own recent history (wider than about 87% of the past ~6 months) | 87th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.2085 between its high and its low — about 2.3% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.2085 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $8.53 and $9.28 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $8.53 – $8.90 – $9.28 |
| Typical daily range (% of price) | its price moves about 2.3% in a typical session — calmer than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.3% |
| Stretch from the 200-day average | it is sitting essentially on its 200-day average price (0.0% below it in plain percentage terms) | at its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.57× |
|---|
Analyst
2
| Change in the average price target | analysts have cut their average price target by 0.2% since the prior reading | -0.2% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating has improved toward "buy" since the prior reading | 0.13 toward buy |
Price gaps
2
| Gap at the open | it opened on 2026-08-21 0.3% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.3% |
|---|---|---|
| Open gap | it gapped 3.7% above the previous close 11 sessions ago and has not traded back through the level it left behind at 8.62 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +3.7% |
Price streaks
1
| Closing streak | it closed lower in its latest session, after a session that did not close lower — a single down day rather than a run | 1 session down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 4.0 percentage points (the stock lost 1.6% while the market gained 2.3%) | -4.0% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 6.7 percentage points (the stock lost 3.6% while the market gained 3.1%) | -6.7% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 18.1 percentage points (the stock lost 7.0% while the market gained 11.1%) | -18.1% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 4.0 percentage points (the stock gained 16.5% while the market gained 20.5%) | -4.0% |
Signal agreement
2
| Bullish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bullish state: trading above its 200-day average, MACD momentum is positive — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 3 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 1.2% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thin, spanning 0.5% of the share price, which is taken to mean a barrier that gives way easily. | -1.2% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 2% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $9.24 — a volume-weighted average of daily closes over 158 sessions, not a true tick-by-tick VWAP. | -2.2% |
|---|---|---|
| Vs the average paid since it last reported | the price is sitting right on the average price paid since it last reported on 2026-08-05 (its 10-Q), so the typical buyer over that stretch is roughly break-even. That average is $9.01 — a volume-weighted average of daily closes over 13 sessions, not a true tick-by-tick VWAP. | +0.3% |
Price levels it has turned at before
GNL last closed at $9.04 on 2026-08-21. Since 2024-08-21 it has turned at 9 prices below its last close and 4 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $9.08 | Resistance | 0.5% above the last close | turned there five times · 2024-09-18 to 2026-06-01 |
| $9.31 | Resistance | 3.0% above the last close | turned there four times · 2026-01-27 to 2026-08-10 |
| $8.75 | Support | 3.2% below the last close | turned there six times · 2024-09-05 to 2026-08-14 |
| $9.59 | Resistance | 6.1% above the last close | turned there four times · 2026-01-22 to 2026-07-17 |
| $8.38 | Support | 7.3% below the last close | turned there six times · 2024-09-11 to 2026-08-05 |
| $8.18 | Support | 9.6% below the last close | turned there three times · 2024-11-07 to 2025-12-23 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part downward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes below $8.73.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 3 labellings that survived the rules, counting shorter readings of the same bars.
This reading has stood for 1 trading day, since 2026-08-21.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Near 200-day moving-average support · Trading above the 200-day moving average · Recent death cross (50-day crossed below 200-day) · trendless / choppy (low ADX) · lagging the market · Trading below the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · breakout
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (2.00 mean, 1=Strong Buy…5=Strong Sell) — 7 analysts
- Mean price target$10.14 range $8.00 – $12.00; median $10.00
Analyst estimates, as of 2026-08-21. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for GNL
- Consensus EPS estimate-$0.05 next reporting period, as of 2026-08-21
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Significant revenue decline of -35.44% YoY and unprofitable operations with -8.72% net margin, driven in part by strategic multi-tenant retail portfolio disposition","High debt levels relative to equity, with total debt (mortgage notes, revolving credit, and senior notes) exceeding $2.4 billion against stockholders' equity of $1.6 billion","Accumulated deficit of $2.67 billion and ongoing net losses, including $6.7 million pre-tax loss and substantial interest expense of $39.2 million in Q1 2026"]
What changed in the latest 10-Q
AI-assisted comparison of GNL's 10-Q filed 2026-05-06 against the prior one filed 2025-11-06.
Management's Discussion & Analysis (MD&A)
- Added:
- Added 'Agreement and Plan of Merger' section (filed 2026-05-06) describing May 3, 2026 Merger Agreement between GNL, REIT Merger Sub, OP, Opco Merger Sub and Modiv Parties
- Added details of merger consideration: 1.975 shares of Common Stock per Modiv Class C share and $25.00 cash per preferred share (filed 2026-05-06)
- Added language regarding OP Units conversion to 1.975 OP Units per Class C Unit (filed 2026-05-06)
- Added reference to Form S-4 Registration Statement requirement (filed 2026-05-06)
- Removed:
- Removed Multi-Tenant Retail Disposition discussion including sales to RCG and details of three closing stages (filed 2025-11-06)
- Removed reference to 100 multi-tenant retail properties sale and right of first refusal exercise (filed 2025-11-06)
- Removed $1.780 billion base purchase price reference (filed 2025-11-06)
- Removed Critical Accounting Estimates section (filed 2025-11-06)
- Removed Recently Issued Accounting Pronouncements section (filed 2025-11-06)
- Removed Properties table with portfolio details by segment as of September 30, 2025 (filed 2025-11-06)
- Reworded:
- Changed reference year in Risk Factors from 'December 31, 2024' to 'December 31, 2025' (filed 2026-05-06)
- Changed Overview description from 'strategically located commercial real estate properties' to 'income producing net lease assets across the U.S., and Western and Northern Europe' (filed 2026-05-06)
- Changed portfolio count from '852 properties' as of September 30, 2025 to '809 properties' as of March 31, 2026 (filed 2026-05-06)
- Changed rentable square feet from '42.9 million' to '40.3 million' (filed 2026-05-06)
- Changed U.S./Canada percentage from '70%' to '74%' and Europe percentage from '30%' to '26%' (filed 2026-05-06)
- Changed Industrial & Distribution from '48%' to '47%' (filed 2026-05-06)
- Changed Retail from '26%' to '27%' (filed 2026-05-06)
- Changed weighted-average remaining lease term from '6.2 years' to '5.9 years' (filed 2026-05-06)
- Changed Investment Grade rental income percentage from '60%' to '64.4%', with actual investment grade 31% to 33.5% and implied 29% to 30.9% (filed 2026-05-06)
- Changed reference from 'Moody's analytical tool' to 'proprietary Moody's Analytics tool' (filed 2026-05-06)
- Notes:
- Newer filing (2026-05-06) covers quarter ended March 31, 2026; older filing (2025-11-06) covers quarter ended September 30, 2025, making some portfolio metric changes expected due to intervening transactions and time passage
- The text from newer filing appears truncated at end of Merger Agreement section, limiting full assessment of that addition
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for GNL — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Short interest (FINRA)
GNL had 11,243,156 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
GNL had 5.33% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 5.41 days to cover at the same settlement.
- Reported short interest (shares) 11,243,156
- Short interest (% of shares outstanding) 5.33%
- Prior settlement (shares) 15,205,151
- Reported change -26.06%
- Days to cover (reported) 5.41
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- W. P. Carey (WPC)
- Realty Income (O)
- VICI Properties (VICI)
- STAG Industrial (STAG)
- Spirit Realty Capital (SRC)
- Essential Properties Realty Trust (EPRT)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare GNL vs…
GNL ranks in…
Frequently asked questions
What does GLOBAL NET LEASE INC (GNL) do?
Global Net Lease is an internally managed REIT that acquires and manages a global portfolio of net lease properties across the United States, Canada, and Western/Northern Europe. As of December 31, 2025, the company owned 820 properties comprising 40.7 million rentable square feet that were 97% leased with a weighted-average remaining lease term of 6.1 years.
What sector is GLOBAL NET LEASE INC (GNL) in?
GLOBAL NET LEASE INC (GNL) is classified in the Real Estate sector. Its industry is Net Lease REIT. It trades on NYSE.
Does GNL pay a dividend?
Yes — GLOBAL NET LEASE INC (GNL) pays a dividend, with an indicated yield of about 16.22% and 1-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-08-24). Informational only — not financial advice.
Who are GLOBAL NET LEASE INC's (GNL) competitors?
Notable peers of GLOBAL NET LEASE INC (GNL) include W. P. Carey, Realty Income, VICI Properties, STAG Industrial and Spirit Realty Capital. This peer set is informational only — not financial advice.
Is GLOBAL NET LEASE INC (GNL) overbought or oversold right now?
GLOBAL NET LEASE INC (GNL) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 53, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on GNL come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-24.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.