Global Net Lease (GNL-PB) Operating Expenses (2011 - 2026)

Global Net Lease (GNL-PB) recorded quarterly Operating Expenses of $86.2 million in Q1 2026, down 19.29% quarter-over-quarter from $106.8 million in Q4 2025, and down 45.64% on a YoY basis from $158.6 million in Q1 2025.

Global Net Lease (GNL-PB) Operating Expenses (2011 - 2026) Analysis & Trends

Global Net Lease's Operating Expenses history runs 16 years deep, the most recent figure standing at $86.2 million for Q1 2026.

  • In Q1 2026, Operating Expenses fell 45.64% year-over-year to $86.2 million; the TTM figure through Mar 2026 stood at $406.6 million (down 18.79% YoY), while the FY2025 annual figure was $479.0 million, up 9.17% from the prior year.
  • Operating Expenses was $86.2 million for Q1 2026 at Global Net Lease, down from $106.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $213.0 million in Q3 2023 to a low of $63.7 million in Q3 2022.
  • Historically, Operating Expenses has averaged $102.5 million across 5 years, with a median of $91.4 million in 2023.
  • The sharpest annual moves came in 2023 and 2026: Operating Expenses soared 234.26% in 2023, then slumped 45.64% in 2026.
  • A 5-year view of Operating Expenses shows it stood at $70.2 million in 2022, then gained by 29.69% to $91.0 million in 2023, then advanced by 13.04% to $102.9 million in 2024, then advanced by 3.84% to $106.8 million in 2025, then fell by 19.29% to $86.2 million in 2026.
  • The last three Operating Expenses figures came in at $86.2 million (Q1 2026), $106.8 million (Q4 2025), and $129.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vici Properties 29.90 Bn 29.42 Bn 1.01 Bn 16.94 Mn
2 Broadstone Net Lease 4.01 Bn 4.11 Bn - 58.06 Mn
3 American Assets Trust 1.48 Bn 1.42 Bn - 86.87 Mn
4 Safehold 1.14 Bn 1.15 Bn 109.54 Mn 85.31 Mn
5 Empire State Realty Trust 973.69 Mn 1.70 Bn - 47.74 Mn
6 JBG SMITH Properties 887.28 Mn 1.38 Bn - 135.70 Mn
7 CTO Realty Growth 676.07 Mn 676.07 Mn 31.01 Mn 5.08 Mn
8 Gladstone Commercial 618.88 Mn 788.92 Mn - 25.24 Mn
9 AH Realty Trust 547.30 Mn 729.64 Mn - 40.55 Mn
10 Global Net Lease - - - 86.23 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 86.23 Mn
Dec 31, 2025 106.84 Mn
Sep 30, 2025 129.40 Mn
Jun 30, 2025 84.15 Mn
Mar 31, 2025 158.61 Mn
Dec 31, 2024 102.89 Mn
Sep 30, 2024 121.54 Mn
Jun 30, 2024 117.65 Mn
Mar 31, 2024 96.68 Mn
Dec 31, 2023 91.02 Mn
Sep 30, 2023 213.04 Mn
Jun 30, 2023 91.36 Mn
Mar 31, 2023 63.96 Mn
Dec 31, 2022 70.19 Mn
Sep 30, 2022 63.74 Mn
Jun 30, 2022 80.44 Mn
Mar 31, 2022 64.28 Mn
Dec 31, 2021 80.42 Mn
Sep 30, 2021 66.18 Mn
Jun 30, 2021 70.59 Mn