Global Net Lease (GNL) Tax Rate (2014 - 2026)
Global Net Lease's (GNL) quarterly Tax Rate came in at 24.44% in Q1 2026, down 2087.0% year-on-year from 1.23% in Q1 2025, and down 230.29% quarter-over-quarter from 18.76% in Q4 2025.
Global Net Lease (GNL) Tax Rate (2014 - 2026) Analysis & Trends
Global Net Lease's Tax Rate history runs 13 years deep, the most recent figure standing at 24.44% for Q1 2026.
- On a quarterly basis, Tax Rate fell 2087.0% year-over-year to 24.44% in Q1 2026; TTM through Mar 2026 was 70.07%, a 6675.0% decrease from a year earlier, with the FY2025 full-year figure at 19.13%, down 1320.0% from the prior year.
- Tax Rate declined to 24.44% in Q1 2026 per GNL's latest filing, from 18.76% in the prior quarter.
- Across five years, Tax Rate topped out at 148.98% in Q1 2023 and bottomed at 47.09% in Q1 2024.
- The 5-year median for Tax Rate is 2.54% (2024), against an average of 12.81%.
- Across the five-year window, Tax Rate tumbled 20493 bps in 2022 and jumped 12628 bps in 2023, its largest moves.
- Year by year, Tax Rate stood at 23.08% in 2022, then decreased by 5 bps to 24.34% in 2023, then surged by 213 bps to 27.48% in 2024, then slumped by 32 bps to 18.76% in 2025, then slumped by 230 bps to 24.44% in 2026.
- Per Business Quant, the three latest GNL Tax Rate figures stand at 24.44% (Q1 2026), 18.76% (Q4 2025), and 5.2% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 28.12 Bn | 27.64 Bn | 1.01 Bn | 0.45% |
| 2 | W. P. Carey | 16.60 Bn | 16.61 Bn | 434.82 Mn | 7.66% |
| 3 | Broadstone Net Lease | 4.29 Bn | 4.40 Bn | - | - |
| 4 | American Assets Trust | 1.47 Bn | 1.41 Bn | - | - |
| 5 | Safehold | 1.15 Bn | -2.44 Bn | 109.54 Mn | 2.32% |
| 6 | Empire State Realty Trust | 930.17 Mn | 1.66 Bn | - | -54.94% |
| 7 | Cim | 917.30 Mn | 735.54 Mn | - | - |
| 8 | JBG SMITH Properties | 855.38 Mn | 1.35 Bn | - | -0.03% |
| 9 | CTO Realty Growth | 725.13 Mn | 725.13 Mn | 31.01 Mn | 0.96% |
| 10 | Global Net Lease | 521.56 Mn | 396.08 Mn | - | -24.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -24.44% |
| Mar 31, 2026 | -24.44% |
| Mar 31, 2026 | -24.44% |
| Dec 31, 2025 | 18.76% |
| Dec 31, 2025 | 18.76% |
| Dec 31, 2025 | 18.76% |
| Sep 30, 2025 | -5.20% |
| Sep 30, 2025 | -5.20% |
| Sep 30, 2025 | -5.20% |
| Jun 30, 2025 | -10.38% |
| Jun 30, 2025 | -10.38% |
| Jun 30, 2025 | -10.38% |
| Mar 31, 2025 | -3.57% |
| Mar 31, 2025 | -3.57% |
| Mar 31, 2025 | -3.57% |
| Dec 31, 2024 | 27.48% |
| Dec 31, 2024 | 27.48% |
| Dec 31, 2024 | 27.48% |
| Sep 30, 2024 | -2.54% |
| Sep 30, 2024 | -2.54% |