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Global Net Lease GNL Industrial & Distribution — Property operating expense

Other segment segments

Office
$3.99M-16.6%
Retail
$3.67M-5.9%

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Other financials

Income statement

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Revenue$109.3M-17.5%
Operating income$30.9M+211%
Net income-$5.1M+97.3%
EPS (diluted)-$0.08+90.8%

Balance sheet

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Cash & equivalents$125.5M-14.7%
Total debt$40.6M-0.1%
Total equity$1.6B-18.5%
Total assets$4.2B-28.3%

Cash flow

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Operating cash flow$39.7M-32.9%
CapEx$1.6M-83.9%
Free cash flow$38.1M-22.9%

Valuation

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Market cap$1.94B+8.0%
Enterprise value$1.85B+9.8%
P/S4.1×+0.9×

Profitability

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Gross margin89.4%
Operating margin36%+17.3pp
Net margin-54.3%+193pp
FCF margin37.7%-1.8pp

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 official record: Global Net Lease’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Global Net Lease's industrial & distribution — property operating expense?
Global Net Lease (GNL) reported industrial & distribution — property operating expense of $5.26M in Q1 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 decreased by 0.0% year-over-year, from $5.26M to $5.26M.
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.