Filing Flows › Global Net Lease (GNL) › How it makes money
How Global Net Lease (GNL) makes money
Global Net Lease (GNL) made $113M of revenue in the third quarter 2026 (Q3 2026), -7% from a year earlier. Industrial & Distribution brought in $53.8M (48%); Retail brought in $30.0M (27%); Office brought in $29.0M (26%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Industrial & Distribution | $53.8M | 47.7% | +4% | -7% |
| Retail | $30.0M | 26.6% | +0.2% | -0.8% |
| Office | $29.0M | 25.7% | -6% | -12% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $113M | 100.0% |
| Operating cash flow | $48.3M | 42.8% |
| Free cash flow | $46.0M | 40.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $113M | -7% |
| Q2 2026 | $112M | -10% |
| Q1 2026 | $109M | -18% |
| Q4 2025 | $117M | -15% |
| Q3 2025 | $121M | -13% |
| Q2 2025 | $125M | -14% |
| Q1 2025 | $132M | -10% |
From Global Net Lease's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Global Net Lease make money?
Global Net Lease (GNL) made $113M of revenue in the third quarter 2026 (Q3 2026), -7% from a year earlier. Industrial & Distribution brought in $53.8M (48%); Retail brought in $30.0M (27%); Office brought in $29.0M (26%).
What is Global Net Lease's biggest business?
Industrial & Distribution: $53.8M in the third quarter 2026, 48% of revenue, -7% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.