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Global Net Lease GNL Office — Revenue from tenants

Other segment segments

Industrial & Distribution
$51.69M-6.0%
Retail
$30M-15.2%

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DEIRental revenue - tenant improvements — Total revenues
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CUZTenants Expenses — Total Revenues
$49.25M+11.5%
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DEIOffice rental — Total revenues
$206.03M+1.6%
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DEITenant Recoveries — Total revenues
$16.1M+24.8%

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+25.1%
Enterprise value$1.8B+26.2%
P/S4.2×+1.3×

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:Revenues.

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
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
Office:
Revenue from tenants$30,788$34,551$61,344$71,998
Property operating expense3,9284,7817,9229,571
Net Operating Income$26,860$29,770$53,422$62,427

Item 1. Financial Statements.

FAQ

What is Global Net Lease's office — revenue from tenants?
Global Net Lease (GNL) reported office — revenue from tenants of $30.79M in Q2 2026.
How has Global Net Lease's office — revenue from tenants changed year-over-year?
Global Net Lease's office — revenue from tenants decreased by 10.9% year-over-year, from $34.55M to $30.79M.
What is the long-term trend for Global Net Lease's office — revenue from tenants?
Over 3 years (2021 to 2025), Global Net Lease's office — revenue from tenants has grown at a -7.3% compound annual growth rate (CAGR), from $171.83M to $136.84M.
What does office — revenue from tenants mean?
This metric represents the total rental income generated from the office property segment, including base rent and any contractual escalations. It serves as a primary indicator of the segment's market demand and the stability of the cash flow generated by office assets.

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