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Global Net Lease GNL Retail — Goodwill

Other segment segments

Industrial & Distribution
$25.8M+16.7%
Office
$11.8M-16.9%

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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$1.95B+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×

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 retail — goodwill?
Global Net Lease (GNL) reported retail — goodwill of $8.2M in Q4 2025.
What does retail — goodwill mean?
This metric represents the intangible asset value recorded when the cost of acquiring retail properties or portfolios exceeds the fair market value of the identifiable net assets. It reflects the premium paid for market position, tenant relationships, or strategic advantages within the retail sector. Changes in this balance are often monitored for potential impairment risks related to the segment's long-term performance.

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