Global Net Lease (GNL) Operating Expenses (2011 - 2026)
Global Net Lease (GNL) posted quarterly Operating Expenses of $86.2 million for Q1 2026, down 45.64% year-over-year from $158.6 million in Q1 2025, and down 19.29% quarter-over-quarter from $106.8 million in Q4 2025.
Global Net Lease (GNL) Operating Expenses (2011 - 2026) Analysis & Trends
Global Net Lease's Operating Expenses history runs 16 years deep, the most recent figure standing at $86.2 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 45.64% year-over-year to $86.2 million; the TTM figure through Mar 2026 stood at $406.6 million (down 18.79% YoY), while the FY2025 annual figure was $479.0 million, up 9.17% from the prior year.
- Operating Expenses for Q1 2026 stood at $86.2 million, down from $106.8 million in the prior quarter.
- The five-year high for Operating Expenses was $213.0 million in Q3 2023, with the low at $63.7 million in Q3 2022.
- The 5-year median for Operating Expenses is $91.4 million (2023), against an average of $102.5 million.
- The sharpest annual moves came in 2023 and 2026: Operating Expenses surged 234.26% in 2023, then sank 45.64% in 2026.
- Global Net Lease's Operating Expenses stood at $70.2 million in 2022, then rose by 29.69% to $91.0 million in 2023, then gained by 13.04% to $102.9 million in 2024, then gained by 3.84% to $106.8 million in 2025, then declined by 19.29% to $86.2 million in 2026.
- Business Quant data shows GNL's Operating Expenses at $86.2 million in Q1 2026, $106.8 million in Q4 2025, and $129.4 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.04 Bn | 28.60 Bn | 1.05 Bn | 315.61 Mn |
| 2 | W. P. Carey | 16.30 Bn | 16.30 Bn | 441.59 Mn | 297.54 Mn |
| 3 | Broadstone Net Lease | 4.04 Bn | 4.03 Bn | - | 70.36 Mn |
| 4 | Global Net Lease | 1.92 Bn | 1.77 Bn | - | 80.99 Mn |
| 5 | American Assets Trust | 1.39 Bn | 1.39 Bn | - | 83.18 Mn |
| 6 | Safehold | 1.10 Bn | -2.59 Bn | 113.88 Mn | 86.39 Mn |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - | 85.94 Mn |
| 8 | Empire State Realty Trust | 821.84 Mn | 821.84 Mn | - | 335.61 Mn |
| 9 | CTO Realty Growth | 768.00 Mn | 768.00 Mn | 32.71 Mn | 32.69 Mn |
| 10 | JBG SMITH Properties | 721.56 Mn | 721.56 Mn | - | 125.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 80.99 Mn |
| Mar 31, 2026 | 86.23 Mn |
| Dec 31, 2025 | 106.84 Mn |
| Sep 30, 2025 | 129.40 Mn |
| Jun 30, 2025 | 84.15 Mn |
| Mar 31, 2025 | 158.61 Mn |
| Dec 31, 2024 | 102.89 Mn |
| Sep 30, 2024 | 121.54 Mn |
| Jun 30, 2024 | 117.65 Mn |
| Mar 31, 2024 | 96.68 Mn |
| Dec 31, 2023 | 91.02 Mn |
| Sep 30, 2023 | 213.04 Mn |
| Jun 30, 2023 | 91.36 Mn |
| Mar 31, 2023 | 63.96 Mn |
| Dec 31, 2022 | 70.19 Mn |
| Sep 30, 2022 | 63.74 Mn |
| Jun 30, 2022 | 80.44 Mn |
| Mar 31, 2022 | 64.28 Mn |
| Dec 31, 2021 | 80.42 Mn |
| Sep 30, 2021 | 66.18 Mn |