What is Global Net Lease's industrial & distribution — goodwill?

Global Net Lease (GNL) reported industrial & distribution — goodwill of $25.8M in Q4 2025.

What does industrial & distribution — goodwill mean?

This metric represents the intangible asset value recorded when the cost of acquiring industrial and distribution properties or portfolios exceeds the fair value of the identifiable net assets. It reflects the premium paid for market position, tenant relationships, or operational synergies within the industrial segment. Changes in this balance may indicate historical acquisition activity or potential future impairment risks.

Global Net Lease (GNL) Industrial & Distribution — Goodwill

Screener

Other segment segments

Office

$11.8M-16.9%

Retail

$8.2M+3.8%

Similar metrics at other companies

TRNSDistribution — Goodwill

$60M0.0%

PATKDistribution — Goodwill

$120.82M+2.9%

FELEDistribution — Goodwill

$56.1M+10.9%

COHRIndustrial — Goodwill

$3.25B—

GGGIndustrial — Goodwill

$270.93M+18.0%

MOG.AIndustrial — Goodwill

$366.59M+2.9%

Other financials

Income statement

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Revenue$112.5M-10.0%

Operating income$54.7M+29.4%

Net income$3.5M+114%

EPS (diluted)-$0.04+75.0%

Balance sheet

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Cash & equivalents$153.6M+6.1%

Total debt$40.0M-5.2%

Total equity$1.5B-17.6%

Total assets$4.1B-18.4%

Cash flow

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Operating cash flow$67.1M+29.0%

CapEx$1.8M-81.5%

Free cash flow$65.3M+54.7%

Valuation

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Market cap$1.95B+18.9%

Enterprise value$1.83B+19.4%

P/S4.2×+1.2×

Profitability

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Gross margin89.4%—

Operating margin39.6%+24.0pp

Net margin-54.3%+193pp

FCF margin43.8%+6.0pp

Returns & leverage

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Return on equity-14.1%-263pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Global Net Lease in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: Global Net Lease’s 10-K, filed February 25, 2026.

Filed: Feb 25, 2026, 4:27 PM EST
Fiscal year: FY2025
Accession: 0001628280-26-011696

(2) In connection with the Company’s conclusion that it now operates in three reportable segments, the Company’s goodwill allocation by segment is as follows as of December 31, 2025: (1) Industrial & Distribution: $25.8 million; (2) Single-Tenant Retail: $8.2 million; and (3) Office: $11.8 million.

Item 16. Form 10-K Summary.

FAQ

What is Global Net Lease's industrial & distribution — goodwill?: Global Net Lease (GNL) reported industrial & distribution — goodwill of $25.8M in Q4 2025.
What does industrial & distribution — goodwill mean?: This metric represents the intangible asset value recorded when the cost of acquiring industrial and distribution properties or portfolios exceeds the fair value of the identifiable net assets. It reflects the premium paid for market position, tenant relationships, or operational synergies within the industrial segment. Changes in this balance may indicate historical acquisition activity or potential future impairment risks.