Filing Flows › Global Net Lease (GNL) › Q2 2026
Global Net Lease (GNL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Global Net Lease (GNL) reported revenue of $112M for the second quarter 2026 (Q2 2026), -10% from a year earlier and +3% from the quarter before. Operating margin was 48.7%, net earnings $3.5M (3.1% of revenue).
Global Net Lease, Q2 2026: revenue $112M (-10% year over year), operating margin 48.7%, net earnings $3.5M, operating cash flow $67.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $112M | +3% | -10% |
| Operating profit | $54.7M | +77% | +29% |
| Net earnings | $3.5M | — | — |
| Operating cash flow | $67.1M | +69% | +29% |
| Free cash flow | $65.3M | +71% | +55% |
What changed
Revenue was $112.5M in Q2 2026, down 10% year over year and up 3% from the previous quarter. Industrial & Distribution was the largest line at 46% of revenue. Retail lost $5.4M year over year (down 15%), 43% of the total change.
Operating profit was $54.7M, a 48.7% margin (up 14.8 points year over year). Total costs fell 30% while revenue fell 10%. Net earnings were −$7.5M. The effective tax rate was 57.8%.
Operating cash flow was $67.1M (up 29% year over year), 1925% of net income including minority interests. Non-cash charges added back $41.5M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items added $18.2M. Capital expenditures of $1.8M left free cash flow of $65.3M.
Questions
What was Global Net Lease's revenue in the second quarter 2026?
Global Net Lease (GNL) reported revenue of $112M for the second quarter 2026 (Q2 2026), -10% from a year earlier and +3% from the quarter before.
Was Global Net Lease profitable in the second quarter 2026?
Operating profit was $54.7M (48.7% of revenue) and net earnings $3.5M.
Source: Global Net Lease 10-Q on SEC EDGAR.