GNL
Global Net Lease margins
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- Real Estate
- NYSE: GNL
- Margins
Global Net Lease records its net margin is negative at -2.1%, with a gross margin of 88.2%, an operating margin of 37%, an EBITDA margin of 75.1%, and a net margin of -2.1%. Margin expansion was strongest in net margin, which rose by 52.2 percentage points. Gross margin had the strongest contraction, falling by 1.3 percentage points.
GNL margin history
Over the last 3 years, Global Net Lease recorded average margins of 88.21% gross, 22.98% operating, 60.31% EBITDA, and -34.43% net. Global Net Lease's current performance shows that operating, EBITDA, and net margins are above their three-year averages and gross margin is below its three-year average.
GNL margin expansion
Global Net Lease's operating margin expanded by 18 percentage points, EBITDA margin by 35.8 percentage points, and net margin by 52.2 percentage points, but gross margin contracted by 1.3 percentage points.
GNL Gross margin
The average gross margin for Global Net Lease was 88.21% over the last 3 years. The latest gross margin for Global Net Lease is 88.2%, 0 percentage points below its three-year average. The gross margin for Global Net Lease moved between 83.7% in Dec 2023 and 89.7% in Dec 2025.
GNL Operating margin
The average operating margin for Global Net Lease was 22.98% over the last 3 years. At present, the current operating margin for Global Net Lease is 37%, 14 percentage points above its three-year average. The operating margin for Global Net Lease moved between -3.4% in Dec 2023 and 39.6% in Jun 2026.
GNL EBITDA margin
Throughout the last 3 years, Global Net Lease had an average EBITDA margin of 60.31%. The current EBITDA margin of 75.1% is 14.8 percentage points above its three-year average. Looking back over the last 3 years, Global Net Lease's EBITDA margin reached 84.2% at its highest point in Dec 2024 and 39.3% at its lowest in Sep 2025.
GNL Net margin
Global Net Lease's net margin averaged -34.43% during the last 3 years. The current net margin stands at -2.1%, 32.3 percentage points above its three-year average. Over the last 3 years, Global Net Lease's net margin peaked at -2.1% in Sep 2026 and reached a low of -54.3% in Sep 2025.
GNL margin group comparison
Global Net Lease's gross margin of 88.2% is above the Real Estate sector and the industry average. Looking at its Real Estate sector average of 60.8%, Global Net Lease's gross margin is 45% higher.
GNL margin peer comparison
Frequently asked questions
What is Global Net Lease's gross margin?
For the period ending Sep 30, 2026, GNL recorded a gross margin of 88.2%.
What is Global Net Lease's operating margin?
For the period ending Sep 30, 2026, GNL recorded an operating margin of 37%.
What is Global Net Lease's EBITDA margin?
As of Sep 30, 2026, GNL has an EBITDA margin of 75.1%.
What is Global Net Lease's net margin?
As of Sep 30, 2026, GNL has a negative net margin of -2.1%.
What are the average margins of GNL?
Global Net Lease's gross, operating, EBITDA, and net margins averaged 88.2% gross, 23.0% operating, 60.3% EBITDA, and -34.4% net over the last 3 years.
What are the highest historical margins of GNL?
Within the 5-year period, GNL recorded its highest margins at 89.7% gross in Dec 2025, 39.6% operating in Jun 2026, 84.2% EBITDA in Dec 2024, and 5.6% net in Sep 2022.
What are the lowest historical margins of GNL?
Looking back across 5 years, GNL reached its lowest margins at 80.1% gross in Jun 2023, -8.9% operating in Sep 2023, 29.4% EBITDA in Sep 2023, and -54.3% net in Sep 2025.