Overview Dividends

(GNL) Global Net Lease - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US3793782018

Commercial, Industrial, Office, Retail

Diversified REITs
Market Cap in USD: 1,949m

IPO / Inception: 2015-06-02
Return 12m vs S&P 500: 13.1%

EPS (Earnings per Share)

EPS CAGR: -1.15%
EPS Trend: -28.7%

Last SUE: 0.53
Qual. Beats: 0

Revenue

Rev. CAGR: 3.46%
Rev. Trend: 62.3%

Last SUE: 0.07
Qual. Beats: 0

Dividends

Dividend Yield	11.77%
Yield on Cost 5y	11.15%
Yield CAGR 5y	-14.75%
Payout Consistency	91.3%
Payout Ratio	-

Risk via 5d forecast
Volatility	26.0%
Value at Risk 5%th	40.4%
Relative Tail Risk	-5.37%

Reward TTM
Sharpe Ratio	1.00
Alpha	23.63
CAGR/Max DD	-0.02

Character TTM
Hurst Exponent	0.282
Beta	0.462
Beta Downside	0.503

Drawdowns 3y
Max DD	47.61%
Mean DD	29.54%
Median DD	30.09%

Description: GNL Global Net Lease November 12, 2025

Global Net Lease, Inc. (NYSE:GNL) is a publicly traded REIT that acquires and manages a diversified portfolio of net-lease properties in the United States, United Kingdom, and Western/Northern Europe. Its business model relies on triple-net (NNN) leases, where tenants bear most operating expenses, providing predictable cash flows and high lease-term stability.

Key metrics as of the most recent filing (Q2 2024) include a funds-from-operations (FFO) growth of +6.2% YoY, a dividend yield of roughly 7.1%, and a net debt-to-EBITDA ratio of 4.3×, indicating moderate leverage for a sector that typically trades at 3–5×. The REIT’s performance is sensitive to macro-variables such as U.S. and Eurozone interest-rate trends-higher rates can compress cap rates and pressure valuations-and to the health of its tenant base, which is weighted toward credit-worthy, long-term lessees in essential-service industries (e.g., healthcare, industrial, and retail).

For a deeper, data-driven assessment of GNL’s valuation relative to peers, you might explore the analytical tools and comparative dashboards available on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (-280.2m TTM) > 0 and > 6% of Revenue (6% = 34.6m TTM)

FCFTA 0.04 (>2.0%) and ΔFCFTA 1.13pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -66.75% (prev -207.0%; Δ 140.3pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.05 (>3.0%) and CFO 242.0m > Net Income -280.2m (YES >=105%, WARN >=100%)

Net Debt (2.79b) to EBITDA (361.2m) ratio: 7.72 <= 3.0 (WARN <= 3.5)

Current Ratio 0.49 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (220.9m) change vs 12m ago -4.15% (target <= -2.0% for YES)

Gross Margin 87.14% (prev 85.03%; Δ 2.11pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 9.54% (prev 9.50%; Δ 0.05pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 0.54 (EBITDA TTM 361.2m / Interest Expense TTM 229.3m) >= 6 (WARN >= 3)

Altman Z'' -3.06

(A) -0.08 = (Total Current Assets 376.9m - Total Current Liabilities 762.3m) / Total Assets 4.77b

(B) -0.55 = Retained Earnings (Balance) -2.61b / Total Assets 4.77b

(D) -0.84 = Book Value of Equity -2.58b / Total Liabilities 3.06b

Total Rating: -3.06 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 56.09

1. Piotroski 4.0pt

2. FCF Yield 4.29%

3. FCF Margin 35.15%

4. Debt/Equity 1.74

5. Debt/Ebitda 7.72

6. ROIC - WACC (= -1.60)%

7. RoE -14.68%

8. Rev. Trend 62.25%

9. EPS Trend -28.67%

What is the price of GNL shares?

As of January 07, 2026, the stock is trading at USD 8.79 with a total of 2,431,576 shares traded.
Over the past week, the price has changed by +2.33%, over one month by +8.79%, over three months by +11.77% and over the past year by +33.00%.

Is GNL a buy, sell or hold?

Global Net Lease has received a consensus analysts rating of 3.38. Therefor, it is recommend to hold GNL.

Strong Buy: 1
Buy: 2
Hold: 4
Sell: 1
Strong Sell: 0

What are the forecasts/targets for the GNL price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	9.6	9%
Analysts Target Price	9.6	9%
ValueRay Target Price	10.7	22.1%

GNL Fundamental Data Overview January 04, 2026

Market Cap USD = 1.95b (1.95b USD * 1.0 USD.USD)
P/S = 2.594
P/B = 1.1086
Beta = 1.117
Revenue TTM = 577.4m USD
EBIT TTM = 123.2m USD
EBITDA TTM = 361.2m USD
Long Term Debt = 2.23b USD (from longTermDebt, last quarter)
Short Term Debt = 663.8m USD (from shortTermDebt, last quarter)
Debt = 2.95b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.79b USD (from netDebt column, last quarter)
Enterprise Value = 4.74b USD (1.95b + Debt 2.95b - CCE 165.1m)
Interest Coverage Ratio = 0.54 (Ebit TTM 123.2m / Interest Expense TTM 229.3m)
FCF Yield = 4.29% (FCF TTM 203.0m / Enterprise Value 4.74b)
FCF Margin = 35.15% (FCF TTM 203.0m / Revenue TTM 577.4m)
Net Margin = -48.52% (Net Income TTM -280.2m / Revenue TTM 577.4m)
Gross Margin = 87.14% ((Revenue TTM 577.4m - Cost of Revenue TTM 74.3m) / Revenue TTM)
Gross Margin QoQ = 89.53% (prev 90.38%)
Tobins Q-Ratio = 0.99 (Enterprise Value 4.74b / Total Assets 4.77b)
Interest Expense / Debt = 1.53% (Interest Expense 45.3m / Debt 2.95b)
Taxrate = -5.20% (negative due to tax credits) (3.09m / -59.5m)
NOPAT = 129.6m (EBIT 123.2m * (1 - -5.20%)) [negative tax rate / tax credits]
Current Ratio = 0.49 (Total Current Assets 376.9m / Total Current Liabilities 762.3m)
Debt / Equity = 1.74 (Debt 2.95b / totalStockholderEquity, last quarter 1.70b)
Debt / EBITDA = 7.72 (Net Debt 2.79b / EBITDA 361.2m)
Debt / FCF = 13.73 (Net Debt 2.79b / FCF TTM 203.0m)
Total Stockholder Equity = 1.91b (last 4 quarters mean from totalStockholderEquity)
RoA = -5.88% (Net Income -280.2m / Total Assets 4.77b)
RoE = -14.68% (Net Income TTM -280.2m / Total Stockholder Equity 1.91b)
RoCE = 2.98% (EBIT 123.2m / Capital Employed (Equity 1.91b + L.T.Debt 2.23b))
RoIC = 2.44% (NOPAT 129.6m / Invested Capital 5.31b)
WACC = 4.04% (E(1.95b)/V(4.90b) * Re(7.72%) + D(2.95b)/V(4.90b) * Rd(1.53%) * (1-Tc(-0.05)))
Discount Rate = 7.72% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 48.71%
[DCF Debug] Terminal Value 76.48% ; FCFE base≈213.8m ; Y1≈190.5m ; Y5≈160.5m
Fair Price DCF = 13.25 (DCF Value 2.91b / Shares Outstanding 219.2m; 5y FCF grow -13.44% → 3.0% )
EPS Correlation: -28.67 | EPS CAGR: -1.15% | SUE: 0.53 | # QB: 0
Revenue Correlation: 62.25 | Revenue CAGR: 3.46% | SUE: 0.07 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.05 | Chg30d=+0.015 | Revisions Net=+1 | Analysts=2
EPS next Year (2026-12-31): EPS=-0.19 | Chg30d=+0.055 | Revisions Net=+1 | Growth EPS=-7.1% | Growth Revenue=-6.6%

Additional Sources for GNL Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle