What is Global Net Lease's net debt?

Global Net Lease (GNL) reported net debt of -$84.85M in Q1 2026.

How has Global Net Lease's net debt changed year-over-year?

Global Net Lease's net debt increased by 20.2% year-over-year, from -$106.37M to -$84.85M.

What is the long-term trend for Global Net Lease's net debt?

Over 5 years (2020 to 2025), Global Net Lease's net debt has grown at a 7.0% compound annual growth rate (CAGR), from -$98.9M to -$138.69M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Global Net Lease GNL Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

Sonos, Inc.SONO

-0.4×—

ANI PharmaceuticalsANIP

-0×-2.5×

Global Net LeaseGNL

-0.2×-0.1×

Healthcare Services GroupHCSG

-1.3×-22.6×

Global PartnersGLP

1.7×+0.2×

Ivanhoe ElectricIE

-19.6×—

Other financials

Income statement

See full

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

See full

Operating cash flow$39.7M-32.9%

CapEx$1.6M-83.9%

Free cash flow$38.1M-22.9%

Valuation

See full

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

See full

Return on equity-14.1%-263pp

Debt / equity0×0.0×

Where this comes from

Calculated from Global Net Lease’s reported figures.

$40.6Mtotal debt−$125.5Mcash and equivalents=-$84.85M

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 net debt?: Global Net Lease (GNL) reported net debt of -$84.85M in Q1 2026.
How has Global Net Lease's net debt changed year-over-year?: Global Net Lease's net debt increased by 20.2% year-over-year, from -$106.37M to -$84.85M.
What is the long-term trend for Global Net Lease's net debt?: Over 5 years (2020 to 2025), Global Net Lease's net debt has grown at a 7.0% compound annual growth rate (CAGR), from -$98.9M to -$138.69M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.