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Global Net Lease GNL Industrial & Distribution — Property operating expense

Other segment segments

Office
$3.93M-17.8%
Retail
$3.83M+27.5%

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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$1.91B+18.9%
Enterprise value$1.8B+19.4%
P/S4.2×+1.1×

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×

Where this comes from

Reported directly by Global Net Lease in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The source filing: Global Net Lease’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:23 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053396
(In thousands)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Industrial & Distribution:
Revenue from tenants$51,692$54,997$100,876$113,008
Property operating expense5,6444,23510,9009,507
Net Operating Income$46,048$50,762$89,976$103,501
Retail:
Revenue from tenants$29,995$35,357$59,541$72,314
Property operating expense3,8283,0027,5036,893
Net Operating Income$26,167$32,355$52,038$65,421

Item 1. Financial Statements.

FAQ

What is Global Net Lease's industrial & distribution — property operating expense?
Global Net Lease (GNL) reported industrial & distribution — property operating expense of $5.64M in Q2 2026.
How has Global Net Lease's industrial & distribution — property operating expense changed year-over-year?
Global Net Lease's industrial & distribution — property operating expense increased by 33.3% year-over-year, from $4.24M to $5.64M.
What is the long-term trend for Global Net Lease's industrial & distribution — property operating expense?
Over 3 years (2021 to 2025), Global Net Lease's industrial & distribution — property operating expense has grown at a 12.0% compound annual growth rate (CAGR), from $13.51M to $18.98M.
What does industrial & distribution — property operating expense mean?
This metric captures the direct costs associated with maintaining, managing, and operating industrial and distribution assets, including property taxes, insurance, and maintenance. Monitoring these expenses is critical for assessing the operational efficiency of the property management team. Lower relative expenses indicate better cost control and higher property-level profitability.

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