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Global Net Lease GNL Retail — Property operating expense

Other segment segments

Industrial & Distribution
$5.26M0.0%
Office
$3.99M-16.6%

Similar metrics at other companies

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PARRRetail — Operating expense (excluding depreciation)
$20.71M-2.2%
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FNDRetail — Property cost
$146.04M+3.0%
BNL
BNLProperty and operating expense
$6.18M+12.6%
Ladder Capital logo
LADRReal Estate — Real estate operating expenses
$11.26M+28.4%
W.P. Carey Inc. logo
WPCOperating property expenses
$8.69M-47.4%
American Homes 4 Rent logo
AMHProperty operating expenses — Cost of Goods Sold
$168.71M+0.7%

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%

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 retail — property operating expense?
Global Net Lease (GNL) reported retail — property operating expense of $3.67M in Q1 2026.
How has Global Net Lease's retail — property operating expense changed year-over-year?
Global Net Lease's retail — property operating expense decreased by 5.9% year-over-year, from $3.91M to $3.67M.
What is the long-term trend for Global Net Lease's retail — property operating expense?
Over 3 years (2021 to 2025), Global Net Lease's retail — property operating expense has grown at a 166.8% compound annual growth rate (CAGR), from $778K to $14.78M.
What does retail — property operating expense mean?
This metric captures the direct costs associated with maintaining, managing, and operating retail real estate assets, including property taxes, insurance, and maintenance. Monitoring these expenses is critical for evaluating the operational efficiency and cost control measures within the retail segment. High or rising expenses relative to revenue may indicate aging infrastructure or inefficient property management.