Global Net Lease (GNL) Tax Rate (2015 - 2026)
Global Net Lease (GNL) posted Tax Rate of 82.47% for Q2 2026, up 92.85 percentage points from -10.38% a year earlier and up 106.91 percentage points from the prior quarter.
Powered by 
Analysis
Global Net Lease (GNL) Tax Rate (2015 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at Global Net Lease was 373.43%, up 378.54 percentage points year-over-year; for FY2025, it came in at -19.13%, down 13.20 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of -50.88 percentage points (FY2020 to FY2025).
- In prior years, Global Net Lease's Tax Rate was -5.93% in FY2024 (+2.26 pp), -8.19% in FY2023 (-56.04 pp), 47.85% in FY2022 (-3.82 pp) and 51.67% in FY2021 (+19.92 pp).
- The Q2 2026 figure stands as the highest quarterly Tax Rate since Q1 2023.
- On a year-over-year basis, Tax Rate increased in three of the last eight quarters, with an average year-over-year change of +18.00 percentage points.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q4 2021, with a gain of 223.06 percentage points; the weakest was Q4 2022, with a drop of 204.93 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was -24.44% (Q1 2026), 18.76% (Q4 2025) and -5.20% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 167.90 Bn | 150.42 Bn | 1.39 Bn | - |
| 2 | Prologis | 123.74 Bn | 128.13 Bn | - | 8.78% |
| 3 | Simon Property | 66.68 Bn | 67.94 Bn | - | - |
| 4 | Realty Income | 52.20 Bn | 54.59 Bn | - | 6.51% |
| 5 | Public Storage | 50.15 Bn | 49.24 Bn | - | 0.54% |
| 6 | Ventas | 44.59 Bn | 43.78 Bn | - | - |
| 7 | Extra Space Storage | 28.21 Bn | 28.21 Bn | 642.43 Mn | 4.45% |
| 8 | Vici Properties | 25.53 Bn | 23.65 Bn | 1.05 Bn | - |
| 9 | Vivmark Residential | 23.00 Bn | 23.19 Bn | - | 0.34% |
| 10 | Global Net Lease | 1.76 Bn | 1.14 Bn | - | 82.47% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 82.47% |
| Dec 31, 2025 | 18.76% |
| Dec 31, 2024 | 27.48% |
| Mar 31, 2023 | 148.98% |
| Sep 30, 2022 | 17.06% |
| Jun 30, 2022 | 139.80% |
| Mar 31, 2022 | 22.70% |
| Dec 31, 2021 | 181.85% |
| Sep 30, 2021 | 20.71% |
| Jun 30, 2021 | 42.72% |
| Mar 31, 2021 | 33.21% |
| Sep 30, 2020 | 17.23% |
| Jun 30, 2020 | 11.11% |
| Mar 31, 2020 | 9.08% |
| Dec 31, 2019 | 11.33% |
| Sep 30, 2019 | 8.64% |
| Jun 30, 2019 | 4.84% |
| Mar 31, 2019 | 10.39% |
| Sep 30, 2018 | 16.76% |
| Jun 30, 2018 | 13.42% |
API Access
Global Net Lease Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=GNL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "GNL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=GNL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();