Global Net Lease GNL Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue from tenants by Business | ||||||
| Industrial & Distribution | $216.84M-7.2% | $225.66M-5.0% | $224.27M-8.6% | $227.22M-5.1% | $233.66M+1.9% | |
| Office | $129.95M-10.9% | $136.84M-4.7% | $144.8M+5.0% | $145.8M+2.9% | $145.92M-0.7% | |
| Retail | $125.37M-21.6% | $132.78M-19.8% | $145.32M-13.6% | $154.63M+9.8% | $159.96M+52.8% | |
| Total investments in real estate, net by Business | ||||||
| Industrial & Distribution | $7.69B-12.3% | $8.03B-11.9% | $8.42B-10.6% | $8.61B-10.5% | $8.77B— | |
| Office | $3.76B-14.4% | $3.95B-13.3% | $4.11B-12.4% | $4.28B-11.7% | $4.39B— | |
| Retail | $4.62B-19.6% | $4.74B-23.0% | $5B-23.0% | $5.38B-19.1% | $5.75B— | |
| Operating Income (Loss) by Business | ||||||
| Industrial & Distribution | $197.86M-6.4% | $206.69M-4.3% | $203.49M-9.5% | $205.54M-7.0% | $211.3M-0.6% | |
| Office | $113.29M-11.2% | $119.39M-4.3% | $126.67M+6.1% | $126.75M+2.9% | $127.53M+0.4% | |
| Retail | $110.83M-23.6% | $118.01M-21.0% | $130.23M-13.8% | $140.68M+11.8% | $144.98M+54.9% | |
| Property operating expense by Business | ||||||
| Industrial & Distribution | $18.98M-15.1% | $18.98M-12.7% | $20.78M+1.6% | $21.68M+17.8% | $22.36M+33.6% | |
| Office | $16.66M-9.5% | $17.45M-7.5% | $18.12M-1.9% | $19.06M+2.9% | $18.4M-8.0% | |
| Retail | $14.55M-2.9% | $14.78M-8.6% | $15.08M-12.1% | $13.95M-7.0% | $14.98M+34.6% |
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.
