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
DateValue
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%