Global Net Lease (GNL) Construction in Progress (2014 - 2026)
Global Net Lease (GNL) recorded Construction in Progress of $406,000 in Q2 2026, down 74.3% from $1.58 million a year earlier and down 88.8% from the prior quarter.
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Analysis
Global Net Lease (GNL) Construction in Progress (2014 - 2026) Analysis & Trends
At the end of FY2025, Global Net Lease reported Construction in Progress of $2.99 million, down 11.0% from FY2024.
- Annual Construction in Progress has declined for three straight years, with a five-year compound annual growth rate of -11.4% (FY2020 to FY2025).
- Across earlier years, Construction in Progress came in at $3.36 million in FY2024 (-85.5%), $23.24 million in FY2023 (-13.0%), $26.72 million in FY2022 (+283.0%) and $6.98 million in FY2021 (+27.1%).
- The Q2 2026 figure is the lowest quarterly Construction in Progress since Q1 2016.
- On a year-over-year basis, Construction in Progress rose in two of the last eight quarters, with an average decline of 34.2%.
- Peak year-over-year performance for Construction in Progress in the last five years was growth of 436.6% in Q1 2023, against a decline of 94.5% in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $3.63 million (Q1 2026), $2.99 million (Q4 2025) and $3.75 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Construction in Progress (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 167.95 Bn | 150.46 Bn | 1.39 Bn | 848.35 Mn |
| 2 | Prologis | 123.54 Bn | 127.93 Bn | - | - |
| 3 | Simon Property | 66.76 Bn | 68.02 Bn | - | - |
| 4 | Realty Income | 52.37 Bn | 54.76 Bn | - | - |
| 5 | Public Storage | 50.03 Bn | 49.11 Bn | - | 260.09 Mn |
| 6 | Ventas | 44.65 Bn | 43.84 Bn | - | 253.90 Mn |
| 7 | Extra Space Storage | 27.81 Bn | 27.81 Bn | 642.43 Mn | 126.22 Mn |
| 8 | Vici Properties | 25.53 Bn | 23.65 Bn | 1.05 Bn | 23.27 Mn |
| 9 | Vivmark Residential | 23.01 Bn | 23.20 Bn | - | 58.31 Mn |
| 10 | Global Net Lease | 1.79 Bn | 1.16 Bn | - | 406,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 406,000.00 |
| Mar 31, 2026 | 3.63 Mn |
| Dec 31, 2025 | 2.99 Mn |
| Sep 30, 2025 | 3.75 Mn |
| Jun 30, 2025 | 1.58 Mn |
| Mar 31, 2025 | 2.02 Mn |
| Dec 31, 2024 | 3.36 Mn |
| Sep 30, 2024 | 5.50 Mn |
| Jun 30, 2024 | 6.91 Mn |
| Mar 31, 2024 | 1.89 Mn |
| Dec 31, 2023 | 23.24 Mn |
| Sep 30, 2023 | 27.84 Mn |
| Jun 30, 2023 | 37.26 Mn |
| Mar 31, 2023 | 34.22 Mn |
| Dec 31, 2022 | 26.72 Mn |
| Sep 30, 2022 | 16.60 Mn |
| Jun 30, 2022 | 2.80 Mn |
| Mar 31, 2022 | 6.38 Mn |
| Dec 31, 2021 | 6.98 Mn |
| Sep 30, 2021 | 6.08 Mn |
API Access
Global Net Lease Construction in Progress API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=construction-in-progress&ticker=GNL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "construction-in-progress", "ticker": "GNL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=construction-in-progress&ticker=GNL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();