United States was Global Net Lease’s largest region in fiscal 2025, bringing in $341.64M of $495.29M (69%).
| Geography | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $234.36M | $295.78M | $420.62M | $341.64M | |||||||||
| United States & Puerto Rico | — | — | — | — | |||||||||
| Europe | $62.85M | $59.82M | $61.32M | $65.81M | |||||||||
| Europe (Finland, France, Germany, Luxembourg, & The Netherlands) | — | — | — | — | |||||||||
| United Kingdom | $78.40M | $86.92M | $84.68M | $84.72M | |||||||||
| Canada | $3.24M | $3.24M | $3.18M | $3.12M | |||||||||
| Total | $378.86M | $445.76M | $569.79M | $495.29M |
Global Net Lease brought in $495.29M from its four regions in fiscal 2025, the year ended December 31, 2025. That was down 13.1% from $569.79M in fiscal 2024. United States was the largest at $341.64M (69.0%), ahead of United Kingdom at $84.72M (17.1%) and Europe at $65.81M (13.3%). The remaining region, Canada, brought in $3.12M.
Compared with fiscal 2024, Europe grew fastest, up 7.3% to $65.81M, while United States fell the most, down 18.8% to $341.64M. From fiscal 2022 to 2025, combined revenue from these regions grew from $378.86M to $495.29M, a compound annual growth rate of 9.3%. United States' share of the total rose from 61.9% to 69.0%.
Industrial & Distribution was Global Net Lease’s largest segment in fiscal 2025, bringing in $225.67M of $495.29M (46%).
| Segment | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Industrial & Distribution | $211.53M | $220.10M | $237.65M | $225.67M | |||||||||
| Real Estate Investing | — | — | — | — | |||||||||
| Office | $150.15M | $149.69M | $143.57M | $136.84M | |||||||||
| Retail | — | $65.84M | $165.60M | $132.78M | |||||||||
| Single-Tenant Retail | $17.17M | — | — | — | |||||||||
| Multi-Tenant Retail | — | $10.13M | $22.98M | — | |||||||||
| Total | $378.86M | $445.76M | $569.79M | $495.29M |
Global Net Lease brought in $495.29M from its three segments in fiscal 2025, the year ended December 31, 2025. Global Net Lease regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $569.79M. Industrial & Distribution was the largest at $225.67M (45.6%), ahead of Office at $136.84M (27.6%) and Retail at $132.78M (26.8%).
Compared with fiscal 2024, every segment above 2% of revenue shrank. Office held up best, down 4.7% to $136.84M, and Retail fell the most, down 19.8% to $132.78M.
Global Net Lease began breaking out Retail in fiscal 2023, when it brought in $65.84M. Global Net Lease stopped reporting Multi-Tenant Retail ($22.98M in fiscal 2024) and Single-Tenant Retail ($17.17M in fiscal 2022) as separate segments.
Occupancy was Global Net Lease’s largest product and service line in fiscal 2016, bringing in $204.05M of $214.17M (95%).
| Product and Service | FY 2016 |
|---|---|
| Occupancy | $204.05M |
| Tenant Reimbursements | $10.13M |
| Total | $214.17M |
Global Net Lease brought in $214.17M from its two product and service lines in fiscal 2016, the year ended December 31, 2016. Occupancy was the largest at $204.05M (95.3%), ahead of Tenant Reimbursements at $10.13M (4.7%).
Global Net Lease (GNL) reports its revenue by geography, by segment and by product and service. In fiscal 2025, United States was its largest region, bringing in $341.64M (69.0% of the total), followed by United Kingdom at $84.72M (17.1%).
United States was Global Net Lease's largest region in fiscal 2025, bringing in $341.64M, or 69.0% of the $495.29M total across its four regions.
Industrial & Distribution was Global Net Lease's largest segment in fiscal 2025, bringing in $225.67M, or 45.6% of the $495.29M total across its three segments.
Occupancy was Global Net Lease's largest product and service line in fiscal 2016, bringing in $204.05M, or 95.3% of the $214.17M total across its two product and service lines.
Among Global Net Lease's regions that make up at least 2% of revenue, Europe grew fastest in fiscal 2025, up 7.3% from $61.32M to $65.81M.
Every figure comes from Global Net Lease's annual financial filings, as reported. Each line keeps the name Global Net Lease gives it, and years follow its fiscal calendar.
Global Net Lease's revenue by geography goes back to fiscal 2013, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.