Global Net Lease (GNL-PE) FCF Margin (2013 - 2026)

Global Net Lease (GNL-PE) recorded quarterly FCF Margin of 34.86% in Q1 2026, up 83.84% quarter-over-quarter from 18.96% in Q4 2025, and down 979.0% on a YoY basis from 3.97% in Q1 2025.

Global Net Lease (GNL-PE) FCF Margin (2013 - 2026) Analysis & Trends

Global Net Lease's FCF Margin history runs 14 years deep, the most recent figure standing at 34.86% for Q1 2026.

  • In Q1 2026, FCF Margin fell 979.0% year-over-year to 34.86%; the TTM figure through Mar 2026 stood at 35.66% (down 561.0% YoY), while the FY2025 annual figure was 38.24%, down 631.0% from the prior year.
  • FCF Margin was 34.86% for Q1 2026 at Global Net Lease, up from 18.96% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 62.19% in Q1 2023 to a low of 12.54% in Q3 2023.
  • Historically, FCF Margin has averaged 36.2% across 5 years, with a median of 42.48% in 2022.
  • The sharpest annual moves came in 2022 and 2024: FCF Margin tumbled 6062 bps in 2022, then soared 5732 bps in 2024.
  • A 5-year view of FCF Margin shows it stood at 12.16% in 2022, then surged by 128 bps to 27.7% in 2023, then declined by 23 bps to 21.42% in 2024, then dropped by 11 bps to 18.96% in 2025, then surged by 84 bps to 34.86% in 2026.
  • The last three FCF Margin figures came in at 34.86% (Q1 2026), 18.96% (Q4 2025), and 46.3% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Vici Properties 29.26 Bn 28.78 Bn 1.01 Bn 61.98%
2 Broadstone Net Lease 3.95 Bn 4.05 Bn - 61.55%
3 American Assets Trust 1.46 Bn 1.40 Bn - 20.89%
4 Safehold 1.13 Bn 1.14 Bn 109.54 Mn -7.76%
5 Empire State Realty Trust 916.51 Mn 1.65 Bn - 26.65%
6 JBG SMITH Properties 880.19 Mn 1.38 Bn - -15.54%
7 CTO Realty Growth 672.82 Mn 672.82 Mn 31.01 Mn 26.69%
8 Gladstone Commercial 608.72 Mn 778.76 Mn - 42.74%
9 AH Realty Trust 540.92 Mn 723.25 Mn - 23.85%
10 Global Net Lease - - - 34.86%

Historic Data

Download Data
DateValue
Mar 31, 2026 34.86%
Dec 31, 2025 18.96%
Sep 30, 2025 46.30%
Jun 30, 2025 41.68%
Mar 31, 2025 44.65%
Dec 31, 2024 21.42%
Sep 30, 2024 44.78%
Jun 30, 2024 53.64%
Mar 31, 2024 56.94%
Dec 31, 2023 27.70%
Sep 30, 2023 -12.54%
Jun 30, 2023 15.17%
Mar 31, 2023 62.19%
Dec 31, 2022 12.16%
Sep 30, 2022 42.48%
Jun 30, 2022 43.16%
Mar 31, 2022 61.81%
Dec 31, 2021 30.49%
Sep 30, 2021 103.11%
Jun 30, 2021 0.13%