Jun 2026 (Q2 FY26) — Aug 6, 2026
Global Net Lease Q2 FY26 — Modiv Acquisition and Office De-risking Drive Strong Performance
Read the full callGlobal Net Lease earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 112 | −10.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 48.7 | +14.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. |
Price
1Y: $7.68 on 17 Oct 2025 → $7.32. High $9.96 (10 Feb 2026), low $7.32 (19 Oct 2026).
Overview
Call summaries
Global Net Lease Q2 FY26 — Modiv Acquisition and Office De-risking Drive Strong Performance
Read the full callEvery analysed call
Financials
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 139 | 199 | 132 | 125 | 121 | 117 | 109 | 112 |
| Expenses | 122 | 157 | 159 | 84 | 129 | 107 | 86 | 81 |
| Operating profit | 13 | 64 | -28 | 42 | -14 | 111 | 31 | 55 |
| Operating margin | 9.3% | 32.1% | −21.1% | 33.9% | −11.7% | 94.7% | 28.3% | 48.7% |
| Other income | -64 | -69 | -64 | -71 | -45 | -44 | -38 | -49 |
| Interest | 60 | 131 | 53 | 53 | 45 | 43 | 39 | 39 |
| Profit before tax | -52 | -6 | -92 | -29 | -59 | 66 | -7 | 6 |
| Tax rate | −2.5% | −17.3% | −3.6% | −10.4% | −5.2% | 18.8% | −24.4% | 82.5% |
| EPS ($ per share) | -0.33 | — | -0.87 | -0.16 | -0.32 | — | -0.08 | -0.04 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 2 | 2 | 2 | 2 | 2 | 4 | 4 | 3 |
| Reserves | -615 | -733 | -897 | -1,072 | -1,248 | -1,702 | -2,150 | -2,611 |
| Total liabilities | 1,881 | 1,992 | 2,413 | 2,556 | 2,508 | 5,460 | 4,769 | 2,684 |
| Total assets | 3,309 | 3,702 | 3,967 | 4,183 | 3,962 | 8,099 | 6,956 | 4,347 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 145 | 146 | 177 | 192 | 182 | 144 | 299 | 223 |
| Cash from investing | -458 | -294 | -471 | -437 | -17 | -552 | 760 | 1,805 |
| Cash from financing | 312 | 300 | 141 | 218 | -150 | 469 | -995 | -2,064 |
| Capital expenditure | -1 | -17 | -6 | -8 | -30 | -47 | -46 | -33 |
| Free cash flow | 143 | 129 | 170 | 185 | 152 | 96 | 254 | 189 |
42 filings between Jan 1, 2026 and Oct 6, 2026.
Nobody bought or sold GNL on the open market in this window. The filings below are 25 awards, 16 tax withholdings and 1 other.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 6, 2026 | Richardson Leon Director | Award | 3,481 | $28.8K |
| Oct 6, 2026 | KAUFFMAN ROBERT I Director | Award | 4,389 | $36.3K |
| Oct 1, 2026 | Galloway Jesse Charles See Remarks | Tax withheld | 15,044 | $124.0K |
| Oct 1, 2026 | Weil Edward M Jr. CEO, President | Tax withheld | 53,673 | $442.3K |
| Oct 1, 2026 | Kravel Ori Chief Operating Officer | Tax withheld | 17,049 | $140.5K |
| Oct 1, 2026 | Masterson Christopher J. CFO, Secretary and Treasurer | Tax withheld | 19,856 | $163.6K |
| Jul 10, 2026 | MICHELSON LESLIE D Director | Award | 1,568 | $14.7K |
| Jul 10, 2026 | Monahan Michael J. U. Director | Award | 1,718 | $16.1K |
| Jul 10, 2026 | Richardson Leon Director | Award | 1,414 | $12.6K |
| Jul 10, 2026 | KAUFFMAN ROBERT I Director | Award | 4,055 | $36.3K |
| Jul 2, 2026 | Weil Edward M Jr. CEO, President | Other | 2,169,000 | — |
| Jun 12, 2026 | Kravel Ori Chief Operating Officer | Tax withheld | 3,803 | $35.9K |
| Jun 12, 2026 | Masterson Christopher J. CFO, Secretary and Treasurer | Tax withheld | 5,105 | $48.2K |
| May 21, 2026 | Richardson Leon Director | Award | 13,859 | $130.0K |
| May 21, 2026 | MICHELSON LESLIE D Director | Award | 13,859 | $130.0K |
| May 21, 2026 | Monahan Michael J. U. Director | Award | 13,859 | $130.0K |
| May 21, 2026 | PERLA STANLEY R Director | Award | 13,859 | $130.0K |
| May 21, 2026 | KAUFFMAN ROBERT I Director | Award | 13,859 | $130.0K |
| May 21, 2026 | Kabnick Lisa Director | Award | 13,859 | $130.0K |
| May 21, 2026 | Antone M. Therese Director | Award | 13,859 | $130.0K |
| Apr 25, 2026 | Kravel Ori Chief Operating Officer | Tax withheld | 3,055 | $29.1K |
| Apr 25, 2026 | Masterson Christopher J. CFO, Secretary and Treasurer | Tax withheld | 3,944 | $37.5K |
| Apr 10, 2026 | Monahan Michael J. U. Director | Award | 3,072 | $28.8K |
| Apr 10, 2026 | KAUFFMAN ROBERT I Director | Award | 3,873 | $36.3K |
| Apr 10, 2026 | Portia Sue Perrotty Director | Award | 2,537 | $23.7K |
| Apr 10, 2026 | MICHELSON LESLIE D Director | Award | 2,804 | $26.2K |
| Mar 4, 2026 | Galloway Jesse Charles See Remarks | Tax withheld | 3,484 | $33.0K |
| Mar 4, 2026 | Kravel Ori Chief Operating Officer | Tax withheld | 6,484 | $61.3K |
| Mar 4, 2026 | Masterson Christopher J. CFO, Secretary and Treasurer | Tax withheld | 9,378 | $88.7K |
| Mar 4, 2026 | Galloway Jesse Charles See Remarks | Tax withheld | 15,153 | $143.3K |
| Jan 2, 2026 | Weil Edward M Jr. CEO, President | Award | 263,039 | $0 |
| Jan 2, 2026 | Masterson Christopher J. CFO, Secretary and Treasurer | Award | 54,422 | $0 |
| Jan 2, 2026 | Galloway Jesse Charles See Remarks | Award | 49,887 | $0 |
| Jan 2, 2026 | Kravel Ori Chief Operating Officer | Award | 49,887 | $0 |
| Jan 1, 2026 | Monahan Michael J. U. Director | Award | 3,343 | $28.7K |
| Jan 1, 2026 | Portia Sue Perrotty Director | Award | 2,762 | $23.8K |
| Jan 1, 2026 | MICHELSON LESLIE D Director | Award | 3,052 | $26.2K |
| Jan 1, 2026 | KAUFFMAN ROBERT I Director | Award | 4,215 | $36.2K |
| Jan 1, 2026 | Kravel Ori Chief Operating Officer | Tax withheld | 10,496 | $90.3K |
| Jan 1, 2026 | Weil Edward M Jr. CEO, President | Tax withheld | 48,990 | $421.3K |
| Jan 1, 2026 | Galloway Jesse Charles See Remarks | Tax withheld | 10,082 | $86.7K |
| Jan 1, 2026 | Masterson Christopher J. CFO, Secretary and Treasurer | Tax withheld | 11,322 | $97.4K |
| Oct 1, 2025 | Portia Sue Perrotty Director | Award | 3,155 | $25.8K |
| Oct 1, 2025 | Monahan Michael J. U. Director | Award | 3,536 | $29.0K |
| Oct 1, 2025 | KAUFFMAN ROBERT I Director | Award | 4,693 | $38.4K |
| Oct 1, 2025 | MICHELSON LESLIE D Director | Award | 3,697 | $30.3K |
| Oct 1, 2025 | Kravel Ori Chief Operating Officer | Tax withheld | 16,096 | $131.8K |
| Oct 1, 2025 | Weil Edward M Jr. CEO, President | Tax withheld | 48,685 | $398.7K |
| Oct 1, 2025 | Galloway Jesse Charles See Remarks | Tax withheld | 14,109 | $115.6K |
| Oct 1, 2025 | Masterson Christopher J. CFO, Secretary and Treasurer | Tax withheld | 19,855 | $162.6K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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