Global Net Lease
Global Net Lease is a publicly traded net lease REIT (NYSE: GNL) that owns and actively manages 809 single-tenant properties totaling 40.3 million square feet across the U.S., UK, and Europe, leasing to creditworthy corporate and government tenants under long-term triple-net contracts with contractual rent escalations.
- Company typePublic
- Founded2013
- HeadquartersNew York, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Global Net Lease does
Global Net Lease (NYSE: GNL) is a publicly traded net lease real estate investment trust founded in 2013 and headquartered in New York, operating a global portfolio of 809 single-tenant net lease properties totaling 40.3 million square feet with a $5.1 billion gross asset value as of March 31, 2026. The company serves creditworthy corporate and government tenants across the U.S., UK, and continental Europe under long-term triple-net (NNN) leases where tenants bear taxes, insurance, and maintenance; 87% of leases include contractual rent escalations, 80% of the top 10 tenants are investment-grade, and 64% of straight-line rent comes from investment-grade tenants, with the portfolio maintained at 97% occupancy and a 5.9-year weighted average remaining lease term.
The core revenue engine is recurring rental income from net lease rental contracts, supplemented by one-time gains from strategic asset dispositions. The platform is built on direct deal sourcing and relationship-driven sale-leaseback transactions (exemplified by the $55 million cross-border Plasti-Fab transaction and the 31-property FedEx logistics relationship), with go-to-market focused on industrial and necessity retail tenants. Revenue mechanics include quarterly common stock dividends of $0.19 per share (an approximately 8.33% yield) and four series of preferred stock dividends; the 2025 AFFO of $0.99 per share exceeded guidance and 2026 AFFO is guided to $0.80-$0.84 per share.
In 2023, GNL completed the approximately $1 billion all-stock acquisition of The Necessity Retail REIT, bringing in current CEO Michael Weil and triggering an internalization away from the external advisor model. From 2023 through 2025 the company executed a deliberate deleveraging program, selling $3-3.4 billion in assets (including a $1.8 billion multi-tenant retail portfolio and the £250 million McLaren Campus) and reducing total debt by over $2.8 billion. This earned investment-grade credit ratings (BBB- from Fitch, BB+ from S&P) and a $1.8 billion refinanced revolving credit facility through an eight-lender syndicate. In May 2026, GNL announced a $535 million all-stock acquisition of Modiv Industrial, expected to be 4% accretive to AFFO per share with $6 million in annual cost synergies, signaling a pivot from deleveraging to growth-oriented capital recycling.
Global Net Lease firmographics
Firmographics- Name
- Global Net Lease
- Legal name
- Global Net Lease, Inc.
- Website
- https://globalnetlease.com
- Company type
- Public
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Global Net Lease is a publicly traded net lease REIT (NYSE: GNL) that owns and actively manages 809 single-tenant properties totaling 40.3 million square feet across the U.S., UK, and Europe, leasing to creditworthy corporate and government tenants under long-term triple-net contracts with contractual rent escalations.
- Ownership category
- akta.pro rank
Where Global Net Lease is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Global Net Lease business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Others
Revenue model
- Net Lease Rental Income: Primary revenue stream from renting single-tenant, net lease properties. Tenants pay rent under NNN (Triple Net) leases where they are responsible for taxes, insurance, and maintenance. Leases typically include contractual rent escalations. 64% of straight-line rent comes from investment-grade tenants, and 87% of leases have contractual rent increases.
- Asset Disposition Gains: Strategic sales of portfolio assets to reduce leverage and reposition the portfolio. The company completed $3.4 billion in asset sales in 2025, including the $1.8 billion multi-tenant retail portfolio sale and the McLaren Campus sale for £250 million generating approximately £80 million in gains.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Quarterly | Common Stock Dividend |
| Subscription | Quarterly | Preferred Stock Dividends |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Global Net Lease product offering
Product offeringCore offering
Global Net Lease (NYSE: GNL) is a publicly traded, pure-play net lease REIT that owns and actively manages 809 single-tenant net lease properties totaling 40.3 million square feet across the U.S., UK, and Europe, generating stable rental income through long-term NNN (triple net) leases with creditworthy tenants such as FedEx, Lowe's, and Home Depot. The company also executes sale-leaseback transactions enabling corporate owners to unlock capital from owned real estate while retaining operational control.
Product overview
Global Net Lease (GNL) is a publicly traded, pure-play net lease REIT operating as a unified platform for owning and actively managing single-tenant net lease properties across the U.S., UK, and Europe. The platform encompasses industrial and retail property portfolios, structured around long-term partnerships with creditworthy tenants, supported by sale-leaseback transactions and proactive lease management programs. As of March 31, 2026, the portfolio comprises 809 properties totaling 40.3 million square feet with $5.1 billion gross asset value and 97% occupancy.
Differentiator
Problem solved
Functional benefit
Products and services
- Single-Tenant Net Lease Properties Ownership and active management of single-tenant net lease properties across the U.S., UK, and Europe. Leases are structured as NNN (triple net) agreements where tenants pay rent and are responsible for taxes, insurance, and maintenance; 87% of leases include contractual rent escalations. Designed for enterprise tenants such as FedEx, Lowe's, and Home Depot seeking long-term occupancy stability.
- Industrial Net Lease Portfolio Industrial properties including logistics centers, warehouses, and distribution facilities leased under long-term NNN arrangements to tenants such as FedEx. The portfolio spans key logistics markets in the U.S. and is part of GNL's mission-critical single-tenant strategy.
- Sale-Leaseback Services Structured sale-leaseback transactions in which GNL acquires a corporate owner's real estate and simultaneously leases it back under a long-term NNN lease with fixed annual rent escalations. Example: $55 million transaction with Plasti-Fab covering 8 industrial assets across the U.S. and Canada under 20-year absolute NNN leases, providing capital flexibility for a leveraged buyout while retaining operational continuity for the tenant.
- FedEx Partnership Program Long-term capital partnership program with FedEx providing industrial logistics properties, ongoing acquisitions, long-term leases, and property-level flexibility across 31 industrial properties totaling over 2 million square feet. Supports FedEx's North American operational footprint through new acquisitions and renewal activity.
- Lowe's Retail Lease Extension Program Proactive tenant engagement and lease renewal program for Lowe's covering 5 retail properties totaling over 670,000 square feet. In 2023, GNL structured 13-year lease extensions on each property, resetting all five locations to new 20-year lease terms, demonstrating proactive asset management.
Quantifiable outcome
- 97% portfolio occupancy rate maintained
- +5 more outcomes
Companies that use Global Net Lease
Customer profileNamed customers14 records
Segments6 records
Ideal customer profiles2 records
Global Net Lease technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Global Net Lease partnerships and signals
Strategic signalScale indicators19 records
Recent moves10 records
Expansion highlights5 records
Global Net Lease competitors and assessment
Company assessmentDirect peers
- Realty Income Corporation: The largest publicly traded net lease REIT (NYSE: O), investing in single-tenant commercial properties under long-term NNN leases across the U.S. and Europe. Directly comparable to GNL on business model (NNN leases, IG tenants, sale-leaseback sourcing), tenant quality, and geographic diversification.
- W. P. Carey Inc. Diversified net lease REIT (NYSE: WPC) with a global portfolio of single-tenant commercial and industrial properties. Highly comparable to GNL on portfolio strategy, single-tenant NNN lease structure, and international footprint across U.S. and Europe.
- NNN REIT (formerly National Retail Properties): Single-tenant net lease REIT (NYSE: NNN) focused on retail properties under long-term leases. Directly comparable to GNL's retail segment and broader net lease strategy with similar tenant quality focus and rent escalator structures.
- Agree Realty Corporation: Net lease REIT (NYSE: ADC) focused on retail properties leased to national tenants. Comparable to GNL on net lease retail strategy, tenant credit quality, and contractual rent escalation features.
- Broadstone Net Lease: Diversified net lease REIT (NYSE: BNL) owning single-tenant commercial properties across industrial, restaurant, office, and retail. Closely comparable to GNL on portfolio mix, NNN lease structure, and tenant diversification strategy.
- Four Corners Property Trust: Net lease REIT (NYSE: FCPT) focused on restaurant properties leased to high-quality operators. Comparable to GNL on net lease structure and lease term profile, though more narrowly focused on the restaurant vertical.
- Getty Realty Corp. Net lease REIT (NYSE: GTY) specializing in convenience, automotive, and restaurant properties. Comparable to GNL's net lease model and tenant underwriting approach, with similar long-duration lease economics.
- EPR Properties: Net lease REIT (NYSE: EPR) focused on experiential properties including entertainment, education, and recreation. Comparable to GNL on net lease fundamentals and contractual rent escalations, though differentiated by vertical focus.
- STORE Capital: Private net lease company acquired by GIC and Oak Street in 2023, providing sale-leaseback financing to middle-market companies. Highly comparable to GNL on sale-leaseback expertise, tenant underwriting, and multi-sector single-tenant property focus.
Broad incumbents
- VICI Properties: Large net lease REIT (NYSE: VICI) focused on experiential and hospitality properties. Broader comparable on net lease scale and structure but more specialized in gaming/hospitality than GNL's industrial/retail focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Global Net Lease social profiles
Digital presenceGlobal Net Lease financial estimates
Financial estimateRevenue estimate
Valuation estimate
Global Net Lease leadership team
Management profileNumber of profiles
Profiles13 records
Global Net Lease funding detail
Funding detailFunding overview
Funding rounds5 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Global Net Lease M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Global Net Lease
What does Global Net Lease do?
Global Net Lease (NYSE: GNL) is a publicly traded, pure-play net lease REIT that owns and actively manages 809 single-tenant net lease properties totaling 40.3 million square feet across the U.S., UK, and Europe, generating stable rental income through long-term NNN (triple net) leases with creditworthy tenants such as FedEx, Lowe's, and Home Depot. The company also executes sale-leaseback transactions enabling corporate owners to unlock capital from owned real estate while retaining operational control.
Is Global Net Lease a public or private company?
Global Net Lease is a public company. It is classified as public and is currently operating.
When was Global Net Lease founded?
Global Net Lease was founded in 2013. It employs 101 to 250 people.
Where is Global Net Lease based?
Global Net Lease is headquartered in New York, United States, in the North America region.
How does Global Net Lease make money?
Two revenue lines are on record. Net Lease Rental Income is the primary driver. The others are asset Disposition Gains.
Who are Global Net Lease's main competitors?
Direct peers on record are Realty Income Corporation, W. P. Carey Inc., NNN REIT (formerly National Retail Properties), Agree Realty Corporation, Broadstone Net Lease, Four Corners Property Trust, Getty Realty Corp., EPR Properties and STORE Capital. VICI Properties is listed as a broad incumbent.
Does Global Net Lease have an API?
No public API is recorded for Global Net Lease.