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

Global Net Lease's (GNL) quarterly FCF Margin came in at 34.86% in Q1 2026, down 979.0% year-on-year from 3.97% in Q1 2025, and down 50.13% quarter-over-quarter from 69.91% in Q4 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.

  • On a quarterly basis, FCF Margin fell 979.0% year-over-year to 34.86% in Q1 2026; TTM through Mar 2026 was 42.73%, a 671.0% decrease from a year earlier, with the FY2025 full-year figure at 44.98%, down 752.0% from the prior year.
  • FCF Margin slipped to 34.86% in Q1 2026 per GNL's latest filing, from 69.91% in the prior quarter.
  • Across five years, FCF Margin topped out at 77.84% in Q4 2024 and bottomed at 12.48% in Q3 2023.
  • The 5-year median for FCF Margin is 42.48% (2022), against an average of 44.03%.
  • Biggest YoY gain for FCF Margin was 4302 bps in 2022; the steepest drop was 6062 bps in 2022.
  • Year by year, FCF Margin stood at 44.03% in 2022, then declined by 8 bps to 40.6% in 2023, then jumped by 92 bps to 77.84% in 2024, then retreated by 10 bps to 69.91% in 2025, then sank by 50 bps to 34.86% in 2026.
  • Per Business Quant, the three latest GNL FCF Margin figures stand at 34.86% (Q1 2026), 69.91% (Q4 2025), and 40.83% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Vici Properties 28.12 Bn 27.64 Bn 1.01 Bn 61.98%
2 W. P. Carey 16.60 Bn 16.61 Bn 434.82 Mn -46.53%
3 Broadstone Net Lease 4.29 Bn 4.40 Bn - 61.55%
4 American Assets Trust 1.47 Bn 1.41 Bn - 20.89%
5 Safehold 1.15 Bn -2.44 Bn 109.54 Mn -7.76%
6 Empire State Realty Trust 930.17 Mn 1.66 Bn - 26.65%
7 Cim 917.30 Mn 735.54 Mn - 33.12%
8 JBG SMITH Properties 855.38 Mn 1.35 Bn - -19.25%
9 CTO Realty Growth 725.13 Mn 725.13 Mn 31.01 Mn 26.69%
10 Global Net Lease 521.56 Mn 396.08 Mn - 34.86%

Historic Data

Download Data
DateValue
Mar 31, 2026 34.86%
Dec 31, 2025 69.91%
Sep 30, 2025 40.83%
Jun 30, 2025 26.01%
Mar 31, 2025 44.65%
Dec 31, 2024 77.84%
Sep 30, 2024 34.49%
Jun 30, 2024 41.15%
Mar 31, 2024 56.94%
Dec 31, 2023 40.60%
Sep 30, 2023 12.48%
Jun 30, 2023 18.39%
Mar 31, 2023 58.91%
Dec 31, 2022 44.03%
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%