Filing Flows › Global Net Lease (GNL) › Q3 2026
Global Net Lease (GNL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Global Net Lease (GNL) reported revenue of $113M for the third quarter 2026 (Q3 2026), -7% from a year earlier and +0.4% from the quarter before. Operating margin was -22.3%, net loss $56.9M (50.4% of revenue).
Global Net Lease, Q3 2026: revenue $113M (-7% year over year), operating margin -22.3%, net loss $56.9M, operating cash flow $48.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $113M | +0.4% | -7% |
| Operating profit | −$25.2M | -146% | — |
| Net earnings | −$56.9M | -1732% | — |
| Operating cash flow | $48.3M | -28% | -14% |
| Free cash flow | $46.0M | -30% | -7% |
What changed
Revenue was $112.9M in Q3 2026, down 7% year over year and roughly flat from the previous quarter. Industrial & Distribution was the largest line at 48% of revenue. Industrial & Distribution lost $4.1M year over year (down 7%), 50% of the total change.
Operating costs exceeded revenue by $25.2M, an operating margin of -22.3%. Total costs grew 2% against a revenue fall of 7%. The quarter ended with a net loss of $56.9M, after a profit of $3.5M the previous quarter. Net interest and other expense of $33.3M was the main reason.
Operating cash flow was $48.3M (down 14% year over year). Non-cash charges added back $43.6M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items added $57.8M. Capital expenditures of $2.3M left free cash flow of $46.0M.
Questions
What was Global Net Lease's revenue in the third quarter 2026?
Global Net Lease (GNL) reported revenue of $113M for the third quarter 2026 (Q3 2026), -7% from a year earlier and +0.4% from the quarter before.
Was Global Net Lease profitable in the third quarter 2026?
Operating loss was $25.2M (-22.3% of revenue) and net loss $56.9M.
Source: Global Net Lease 10-Q on SEC EDGAR.