Global Net Lease (GNL) FCF Margin (2013 - 2026)
Global Net Lease (GNL) 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) 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.90 Bn | 29.42 Bn | 1.01 Bn | 61.98% |
| 2 | Broadstone Net Lease | 4.01 Bn | 4.11 Bn | - | 61.55% |
| 3 | American Assets Trust | 1.48 Bn | 1.42 Bn | - | 20.89% |
| 4 | Safehold | 1.14 Bn | 1.15 Bn | 109.54 Mn | -7.76% |
| 5 | Empire State Realty Trust | 973.69 Mn | 1.70 Bn | - | 26.65% |
| 6 | JBG SMITH Properties | 887.28 Mn | 1.38 Bn | - | -15.54% |
| 7 | CTO Realty Growth | 676.07 Mn | 676.07 Mn | 31.01 Mn | 26.69% |
| 8 | Gladstone Commercial | 618.88 Mn | 788.92 Mn | - | 42.74% |
| 9 | AH Realty Trust | 547.30 Mn | 729.64 Mn | - | 23.85% |
| 10 | Global Net Lease | - | - | - | 34.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |