Global Net Lease (GNL) Operating Margin (2013 - 2026)
Global Net Lease's (GNL) quarterly Operating Margin came in at 21.1% in Q1 2026, up 4215.0% year-on-year from 0.49% in Q1 2025, and up 53.71% quarter-over-quarter from 13.73% in Q4 2025.
Global Net Lease (GNL) Operating Margin (2013 - 2026) Analysis & Trends
Global Net Lease's Operating Margin history runs 14 years deep, the most recent figure standing at 21.1% for Q1 2026.
- On a quarterly basis, Operating Margin rose 4215.0% year-over-year to 21.1% in Q1 2026; TTM through Mar 2026 was 14.24%, a 592.0% increase from a year earlier, with the FY2025 full-year figure at 3.29%, down 1971.0% from the prior year.
- Operating Margin improved to 21.1% in Q1 2026 per GNL's latest filing, from 13.73% in the prior quarter.
- Across five years, Operating Margin topped out at 42.57% in Q2 2024 and bottomed at 80.87% in Q3 2023.
- The 5-year median for Operating Margin is 21.1% (2026), against an average of 13.05%.
- Across the five-year window, Operating Margin tumbled 11204 bps in 2023 and soared 9013 bps in 2024, its largest moves.
- Year by year, Operating Margin stood at 25.42% in 2022, then soared by 35 bps to 34.26% in 2023, then plunged by 102 bps to 0.59% in 2024, then jumped by 2441 bps to 13.73% in 2025, then surged by 54 bps to 21.1% in 2026.
- Per Business Quant, the three latest GNL Operating Margin figures stand at 21.1% (Q1 2026), 13.73% (Q4 2025), and 11.72% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 28.62 Bn | 28.14 Bn | 1.01 Bn | 97.80% |
| 2 | W. P. Carey | 16.93 Bn | 16.93 Bn | 434.82 Mn | 39.54% |
| 3 | Broadstone Net Lease | 4.27 Bn | 4.25 Bn | - | - |
| 4 | Global Net Lease | 1.90 Bn | 1.78 Bn | - | 21.10% |
| 5 | American Assets Trust | 1.47 Bn | 1.47 Bn | - | 21.09% |
| 6 | Safehold | 1.19 Bn | -2.44 Bn | 109.54 Mn | 23.05% |
| 7 | Empire State Realty Trust | 969.42 Mn | 969.42 Mn | - | 15.48% |
| 8 | Cim | 917.30 Mn | 735.54 Mn | - | - |
| 9 | JBG SMITH Properties | 858.04 Mn | 858.04 Mn | - | 47.74% |
| 10 | CTO Realty Growth | 716.07 Mn | 716.07 Mn | 31.01 Mn | 25.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.10% |
| Dec 31, 2025 | 13.73% |
| Sep 30, 2025 | -11.72% |
| Jun 30, 2025 | 33.86% |
| Mar 31, 2025 | -21.05% |
| Dec 31, 2024 | -0.59% |
| Sep 30, 2024 | 9.26% |
| Jun 30, 2024 | 42.57% |
| Mar 31, 2024 | 38.59% |
| Dec 31, 2023 | 34.26% |
| Sep 30, 2023 | -80.87% |
| Jun 30, 2023 | 4.68% |
| Mar 31, 2023 | 32.20% |
| Dec 31, 2022 | 25.42% |
| Sep 30, 2022 | 31.17% |
| Jun 30, 2022 | 15.49% |
| Mar 31, 2022 | 33.82% |
| Dec 31, 2021 | 23.39% |
| Sep 30, 2021 | 30.89% |
| Jun 30, 2021 | 29.10% |