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| Date | Value |
|---|---|
| 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% |