Global Net Lease (GNL) Operating Expenses (2011 - 2026)
Global Net Lease (GNL) posted Operating Expenses of $81.0 million for Q2 2026, down 6.07% on a QoQ basis from $86.2 million in Q1 2026, and down 3.74% year-over-year from $84.1 million in Q2 2025.
Analysis
Global Net Lease (GNL) Operating Expenses (2011 - 2026) Analysis & Trends
Global Net Lease has reported Operating Expenses for 16 years, with the latest figure at $81.0 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 3.74% year-over-year to $81.0 million in Q2 2026; TTM through Jun 2026 was $403.5 million, a 13.64% decrease from a year earlier, with the FY2025 full-year figure at $479.0 million, up 9.17% from the prior year.
- Operating Expenses was $81.0 million for Q2 2026 at Global Net Lease, down from $86.2 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.
- Average Operating Expenses over 5 years is $101.3 million, with a median of $91.2 million recorded in 2023.
- The sharpest annual moves came in 2023 and 2026: Operating Expenses jumped 234.26% in 2023, then sank 45.64% in 2026.
- Over 5 years, Operating Expenses stood at $70.2 million in 2022, then advanced by 29.69% to $91.0 million in 2023, then climbed by 13.04% to $102.9 million in 2024, then climbed by 3.84% to $106.8 million in 2025, then declined by 24.19% to $81.0 million in 2026.
- The last three Operating Expenses figures came in at $81.0 million (Q2 2026), $86.2 million (Q1 2026), and $106.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Realty Income | 55.53 Bn | 55.53 Bn | - | 1.19 Bn |
| 2 | W. P. Carey | 15.73 Bn | 15.73 Bn | 441.59 Mn | 297.54 Mn |
| 3 | Agree Realty | 8.58 Bn | 8.57 Bn | - | 112.31 Mn |
| 4 | Nnn Reit | 8.34 Bn | 8.34 Bn | - | 102.00 Mn |
| 5 | Essential Properties Realty Trust | 6.30 Bn | 6.30 Bn | - | 62.12 Mn |
| 6 | Broadstone Net Lease | 3.91 Bn | 3.90 Bn | - | 70.36 Mn |
| 7 | Four Corners Property Trust | 2.64 Bn | 2.64 Bn | 70.62 Mn | 35.23 Mn |
| 8 | Getty Realty | 1.97 Bn | 1.97 Bn | 58.71 Mn | 7.30 Mn |
| 9 | Netstreit | 1.92 Bn | 1.92 Bn | - | 41.57 Mn |
| 10 | Global Net Lease | 1.92 Bn | 1.76 Bn | - | 80.99 Mn |
Historic Data
Download Data
Historic 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 |