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-15.2% | $55.96M+2.6% | $56.7M-5.0% | $55M-10.5% | $58.01M-6.4% | |
| Office | $30.56M-18.4% | $30.82M-20.5% | $34.02M-2.9% | $34.55M-0.3% | $37.45M+6.7% | |
| Retail | $29.55M-20.1% | $30.18M-29.3% | $30.29M-23.5% | $35.36M-13.1% | $36.96M-13.2% | |
| Total investments in real estate, net by Business | ||||||
| Industrial & Distribution | $1.75B-16.4% | $1.79B-17.8% | $2.05B-8.4% | $2.09B-7.1% | $2.09B-14.4% | |
| Office | $849.8M-18.4% | $875.43M-15.8% | $965.99M-14.9% | $1.06B-9.3% | $1.04B-13.8% | |
| Retail | $1.11B-9.2% | $1.14B-18.5% | $1.16B-24.9% | $1.21B-23.4% | $1.23B-24.7% | |
| Operating Income (Loss) by Business | ||||||
| Industrial & Distribution | $43.93M-16.7% | $51.07M+6.7% | $52.11M-3.8% | $50.76M-10.2% | $52.75M-8.0% | |
| Office | $26.56M-18.7% | $26.96M-21.3% | $30M-0.2% | $29.77M-2.6% | $32.66M+9.5% | |
| Retail | $25.87M-21.7% | $26.36M-31.7% | $26.24M-28.5% | $32.36M-11.7% | $33.05M-11.9% | |
| Property operating expense by Business | ||||||
| Industrial & Distribution | $5.26M0.0% | $4.89M-26.9% | $4.59M-16.4% | $4.24M-13.9% | $5.26M+13.2% | |
| Office | $3.99M-16.6% | $3.86M-14.8% | $4.03M-18.8% | $4.78M+16.0% | $4.79M-8.9% | |
| Retail | $3.67M-5.9% | $3.82M-7.4% | $4.05M+39.1% | $3M-25.5% | $3.91M-23.4% | |
| Entity-wide revenue percentage by Geography | ||||||
| Michigan | 12.7%— | 0.4%-1.9pp | —— | —— | —— | |
| United Kingdom | 9.7%-2.4pp | —— | 4.4%— | —— | 12.1%+1.0pp | |
| United States and Canada | 74%-2.0pp | 4%— | —— | —— | 76%-4.0pp | |
| United States | 73.4%-2.5pp | 3.5%+3.1pp | —— | —— | 75.9%-3.8pp |
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.