Global Net Lease Inc. Common Stock (GNL)

FairStock Score: 61/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Global Net Lease as a net-lease REIT owning income properties in the U.S. and Western/Northern Europe. The business is asset-heavy and capital-dependent; with only 56 employees, scale and tenant credit matter more than any obvious moat. The filed record is uneven. In FY2025, the year ended 2025-12-31, revenue was $495.3 million and net income was a loss of $225.5 million. FY2024 revenue was $569.8 million with a $131.6 million loss, and FY2023 revenue was $445.8 million with a $211.9 million loss. The latest filed quarter, fiscal Q2 2026 ended 2026-06-30, showed revenue of $112.5 million and net income of $3.5 million, but that follows a fiscal Q1 2026 loss of $5.1 million and a fiscal Q3 2025 loss of $60.1 million. Revenue is not growing: FY2025 was below FY2024, and Q2 2026 revenue was below Q2 2025 revenue of $124.9 million. On valuation, at the 2026-10-13 close of $7.67, FairStock’s price-to-book is 1.07, dividend yield 8.67%, and TTM FCF yield 12.4%. The P/E is negative, and per the REIT rule I would not lean on EPS or a Graham Number; FFO/AFFO are not in the data. Leverage is high: D/E 1.62 and Altman Z-score -0.58. The 8.67% dividend and 12.4% FCF yield are attractive, but the loss history, falling revenue, and debt make this a speculative turnaround, not a safe bargain.

In plain English: Global Net Lease owns commercial buildings leased to tenants in the U.S. and Europe. The business looks weak: it has lost money in recent years and revenue has been falling, though it still produces cash and pays a high dividend. At the recent price, the stock looks close to the value of its assets, so it is not obviously cheap or expensive based on the numbers given.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer