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Global Net Lease GNL Retail — Operating Income (Loss)

Other segment segments

Industrial & Distribution
$46.05M-9.3%
Office
$26.86M-9.8%

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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+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:OperatingIncomeLoss.

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 retail — operating income (loss)?
Global Net Lease (GNL) reported retail — operating income (loss) of $26.17M in Q2 2026.
How has Global Net Lease's retail — operating income (loss) changed year-over-year?
Global Net Lease's retail — operating income (loss) decreased by 19.1% year-over-year, from $32.36M to $26.17M.
What is the long-term trend for Global Net Lease's retail — operating income (loss)?
Over 3 years (2021 to 2025), Global Net Lease's retail — operating income (loss) has grown at a 95.6% compound annual growth rate (CAGR), from $15.77M to $118.01M.
What does retail — operating income (loss) mean?
This metric measures the profitability of the retail segment by subtracting property operating expenses from the revenue generated by tenants. It provides a clear view of the segment's core operational performance before accounting for corporate overhead, interest, or taxes. A positive and growing operating income indicates a healthy, self-sustaining retail portfolio.

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