Global Net Lease (GNL) Tax Rate (2014 - 2026)
Global Net Lease (GNL) recorded quarterly Tax Rate of 24.44% in Q1 2026, down 230.29% quarter-over-quarter from 18.76% in Q4 2025, and down 2087.0% on a YoY basis from 1.23% in Q1 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.
- In Q1 2026, Tax Rate fell 2087.0% year-over-year to 24.44%; the TTM figure through Mar 2026 stood at 70.07% (down 6675.0% YoY), while the FY2025 annual figure was 19.13%, down 1320.0% from the prior year.
- Tax Rate was 24.44% for Q1 2026 at Global Net Lease, down from 18.76% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 148.98% in Q1 2023 to a low of 47.09% in Q1 2024.
- Historically, Tax Rate has averaged 12.81% across 5 years, with a median of 2.54% in 2024.
- The sharpest annual moves came in 2022 and 2023: Tax Rate tumbled 20493 bps in 2022, then surged 12628 bps in 2023.
- A 5-year view of Tax Rate shows it 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 plunged by 32 bps to 18.76% in 2025, then plunged by 230 bps to 24.44% in 2026.
- The last three Tax Rate figures came in at 24.44% (Q1 2026), 18.76% (Q4 2025), and 5.2% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.90 Bn | 29.42 Bn | 1.01 Bn | 0.45% |
| 2 | Broadstone Net Lease | 4.01 Bn | 4.11 Bn | - | - |
| 3 | American Assets Trust | 1.48 Bn | 1.42 Bn | - | - |
| 4 | Safehold | 1.14 Bn | 1.15 Bn | 109.54 Mn | 2.32% |
| 5 | Empire State Realty Trust | 973.69 Mn | 1.70 Bn | - | -54.94% |
| 6 | JBG SMITH Properties | 887.28 Mn | 1.38 Bn | - | -0.03% |
| 7 | CTO Realty Growth | 676.07 Mn | 676.07 Mn | 31.01 Mn | 0.96% |
| 8 | Gladstone Commercial | 618.88 Mn | 788.92 Mn | - | - |
| 9 | AH Realty Trust | 547.30 Mn | 729.64 Mn | - | - |
| 10 | Global Net Lease | - | - | - | -24.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -24.44% |
| Mar 31, 2026 | -24.44% |
| Dec 31, 2025 | 18.76% |
| Dec 31, 2025 | 18.76% |
| Sep 30, 2025 | -5.20% |
| Sep 30, 2025 | -5.20% |
| Jun 30, 2025 | -10.38% |
| Jun 30, 2025 | -10.38% |
| Mar 31, 2025 | -3.57% |
| Mar 31, 2025 | -3.57% |
| Dec 31, 2024 | 27.48% |
| Dec 31, 2024 | 27.48% |
| Sep 30, 2024 | -2.54% |
| Sep 30, 2024 | -2.54% |
| Jun 30, 2024 | 1.14% |
| Jun 30, 2024 | 1.14% |
| Mar 31, 2024 | -47.09% |
| Mar 31, 2024 | -47.09% |
| Dec 31, 2023 | -24.34% |
| Dec 31, 2023 | -24.34% |