Global Net Lease GNL Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue from tenants by Business | ||||||
| Industrial & Distribution | $49.18M-12.1% | $55.96M-1.3% | $56.7M+3.1% | $55M-5.2% | $58.01M+6.3% | |
| Office | $30.56M-0.8% | $30.82M-9.4% | $34.02M-1.5% | $34.55M-7.7% | $37.45M-3.4% | |
| Retail | $29.55M-2.1% | $30.18M-0.4% | $30.29M-14.3% | $35.36M-4.3% | $36.96M-13.5% | |
| Total investments in real estate, net by Business | ||||||
| Industrial & Distribution | $1.75B-2.3% | $1.79B-12.6% | $2.05B-2.0% | $2.09B-0.1% | $2.09B-3.9% | |
| Office | $849.8M-2.9% | $875.43M-9.4% | $965.99M-9.3% | $1.06B+2.3% | $1.04B+0.2% | |
| Retail | $1.11B-2.6% | $1.14B-1.4% | $1.16B-4.1% | $1.21B-1.5% | $1.23B-12.6% | |
| Operating Income (Loss) by Business | ||||||
| Industrial & Distribution | $43.93M-14.0% | $51.07M-2.0% | $52.11M+2.6% | $50.76M-3.8% | $52.75M+10.2% | |
| Office | $26.56M-1.5% | $26.96M-10.1% | $30M+0.8% | $29.77M-8.8% | $32.66M-4.6% | |
| Retail | $25.87M-1.8% | $26.36M+0.4% | $26.24M-18.9% | $32.36M-2.1% | $33.05M-14.3% | |
| Property operating expense by Business | ||||||
| Industrial & Distribution | $5.26M+7.5% | $4.89M+6.5% | $4.59M+8.5% | $4.24M-19.4% | $5.26M-21.5% | |
| Office | $3.99M+3.6% | $3.86M-4.2% | $4.03M-15.8% | $4.78M-0.2% | $4.79M+5.8% | |
| Retail | $3.67M-3.8% | $3.82M-5.7% | $4.05M+34.9% | $3M-23.1% | $3.91M-5.3% | |
| Entity-wide revenue percentage by Geography | ||||||
| Michigan | 12.7%+12.3pp | 0.4%— | —— | —— | —— | |
| United Kingdom | 9.7%— | —— | 4.4%— | —— | 12.1%— | |
| United States and Canada | 74%+70.0pp | 4%— | —— | —— | 76%— | |
| United States | 73.4%+69.9pp | 3.5%— | —— | —— | 75.9%+75.5pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Global Net Lease break its business down?
- Global Net Lease (GNL) reports revenue from tenants by business across 3 parts — Industrial & Distribution, Office and Retail. Each is extracted from the segment footnotes and tracked over time.
- Where does Global Net Lease's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Global Net Lease's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.