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Global Net Lease, Inc. (GNL.PE) stock analysis

GNL.PENYSEReal Estate Investment TrustsFiscal year ends December 31Also trades as GNL, GNL.PA, GNL.PB, GNL.PD
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026Score 7/3044% below fair value
$21.60−0.18 (-0.83%)

Close on Oct 30, 2026Market cap $1.47BP/E –Yield 12.12%

StockData Score

Prices as of Oct 30, 2026How the score works

Value4Growth0Performance0Health0Dividend3

Weak7 of 30 checks passed

Global Net Lease passes 7 of the 30 checks behind our score; 17 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
4/6
Growth
0/6
Past performance
0/6
Financial health
0/6
Dividend
3/6

What stands out

  • Margin of safety over 20%

    The price is 44.0% below fair value, more than the 20% cushion we look for.

  • Trading below fair value

    The share price of $6.97 is below our fair value estimate of $12.46.

  • EV/EBITDA below its 5-year median

    Global Net Lease's EV/EBITDA of 3.7 is below its 5-year median of 5.1.

  • P/B below the industry

    Global Net Lease's price-to-book of 0.97 is below the Miscellaneous Investing median of 1.20.

What to watch

  • Return on capital under 10%

    Return on invested capital was 6.0%, below the 10% that usually covers the cost of capital.

  • Revenue growing under 10% a year

    Revenue grew 9.3% a year over the last three fiscal years, short of the 10% we look for.

  • Interest not well covered

    Operating income covers interest expense 1.1 times; we look for at least 5.

  • Elevated bankruptcy risk

    The Altman Z-score is -0.33; above 3 is the safe zone and below 1.8 the distress zone.

Valuation4/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA below its 5-year median

    Global Net Lease's EV/EBITDA of 3.7 is below its 5-year median of 5.1.

  • P/B below the industry

    Global Net Lease's price-to-book of 0.97 is below the Miscellaneous Investing median of 1.20.

  • Trading below fair value

    The share price of $6.97 is below our fair value estimate of $12.46.

  • Margin of safety over 20%

    The price is 44.0% below fair value, more than the 20% cushion we look for.

Growth0/6

  • Revenue growing under 10% a year

    Revenue grew 9.3% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growth over 3 years

    Needs positive EPS three years ago and today.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing slower than the industry

    Revenue grew -13.9% over the last twelve months; the Miscellaneous Investing median is 4.4%.

  • Guidance issued

    The latest outlook (2026 Net Debt to Adjusted EBITDA, May 5, 2026) was issued for the first time, so it neither adds nor takes away points.

  • Gross margin trend

    This company does not report gross profit.

Past performance0/6

  • Return on equity

    Needs positive equity and five years of results.

  • Return on capital under 10%

    Return on invested capital was 6.0%, below the 10% that usually covers the cost of capital.

  • Return on equity against the industry

    Needs positive equity.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin against its history

    Needs five years of revenue and net income.

  • Net margin against the industry

    Needs revenue and net income.

Financial health0/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt coverage

    Needs operating cash flow.

  • Interest not well covered

    Operating income covers interest expense 1.1 times; we look for at least 5.

  • Short-term liquidity

    The balance sheet is not split into current and non-current items.

  • Elevated bankruptcy risk

    The Altman Z-score is -0.33; above 3 is the safe zone and below 1.8 the distress zone.

Dividend3/6

  • Pays a dividend

    Global Net Lease paid dividends worth 10.9% of the share price over the last twelve months.

  • Yield above Treasuries

    The 10.9% yield is above the 4.4% on a 1-year Treasury.

  • Yield in the top quarter

    The top quarter of US dividend payers yield 4.0% or more; Global Net Lease yields 10.9%.

  • Dividend was cut

    The dividend per share fell by more than 10% at least once in the last 9 fiscal years.

  • Earnings cover

    Needs dividends paid and net income.

  • Cash-flow cover

    Needs dividends paid and free cash flow.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$12.46

The share price is 44% below this estimate.

20%+ below
Near fair value
20%+ above
$6.97Price$12.46Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
EV/EBITDA7.8×5.1×10.5×$13.8558%
P/B1.0×0.9×1.2×$7.4617%
Earnings power8.4% cost of equity––$12.5425%
Fair value$12.46100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Miscellaneous Investing median 25.0

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$23.15M
Value traded per 1% price move
$21.68M

Downside

Medium risk

Typical loss in a bad month
16.0%
Volatility (annualized)
22%
Sharpe ratio, 1 year
-0.55
Beta to the S&P 500 (5Y)
0.68

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Gross margin

–

Operating margin

22.4%−7.7 pts over 5 years

Net margin

–