Global Net Lease Inc
NYSE:GNL
Income Statement
Earnings Waterfall
Global Net Lease Inc
Income Statement
Global Net Lease Inc
| Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
1
|
2
|
5
|
8
|
13
|
18
|
23
|
27
|
31
|
32
|
33
|
33
|
34
|
35
|
38
|
42
|
42
|
44
|
46
|
50
|
54
|
57
|
58
|
59
|
62
|
65
|
67
|
70
|
72
|
77
|
83
|
89
|
94
|
97
|
97
|
96
|
98
|
100
|
105
|
122
|
179
|
217
|
261
|
280
|
327
|
262
|
244
|
229
|
|
| Revenue |
4
N/A
|
11
+185%
|
25
+118%
|
50
+100%
|
93
+89%
|
136
+45%
|
171
+26%
|
196
+14%
|
205
+5%
|
210
+2%
|
215
+2%
|
218
+1%
|
214
-2%
|
222
+4%
|
234
+5%
|
246
+5%
|
259
+6%
|
265
+2%
|
271
+2%
|
278
+3%
|
282
+2%
|
290
+3%
|
295
+2%
|
301
+2%
|
306
+2%
|
310
+1%
|
315
+2%
|
320
+2%
|
330
+3%
|
340
+3%
|
359
+5%
|
372
+4%
|
391
+5%
|
399
+2%
|
395
-1%
|
391
-1%
|
379
-3%
|
376
-1%
|
377
+0%
|
402
+7%
|
515
+28%
|
627
+22%
|
734
+17%
|
813
+11%
|
805
-1%
|
731
-9%
|
653
-11%
|
577
-12%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(0)
|
(0)
|
(1)
|
(3)
|
(9)
|
(14)
|
(20)
|
(27)
|
(33)
|
(39)
|
(40)
|
(40)
|
(39)
|
(41)
|
(46)
|
(51)
|
(53)
|
(55)
|
(57)
|
(55)
|
(57)
|
(58)
|
(58)
|
(62)
|
(62)
|
(62)
|
(64)
|
(64)
|
(68)
|
(69)
|
(69)
|
(70)
|
(72)
|
(72)
|
(73)
|
(74)
|
(73)
|
(74)
|
(75)
|
(79)
|
(96)
|
(116)
|
(113)
|
(124)
|
(142)
|
(100)
|
(96)
|
(75)
|
|
| Gross Profit |
4
N/A
|
11
+185%
|
24
+113%
|
47
+98%
|
85
+81%
|
122
+44%
|
151
+24%
|
169
+12%
|
172
+2%
|
172
0%
|
175
+2%
|
177
+1%
|
175
-1%
|
181
+3%
|
188
+4%
|
195
+4%
|
206
+6%
|
210
+2%
|
214
+2%
|
222
+4%
|
225
+1%
|
232
+3%
|
237
+2%
|
239
+1%
|
245
+2%
|
248
+1%
|
251
+1%
|
256
+2%
|
262
+2%
|
271
+3%
|
289
+7%
|
302
+4%
|
319
+6%
|
327
+2%
|
322
-2%
|
317
-1%
|
306
-4%
|
302
-1%
|
302
0%
|
323
+7%
|
419
+30%
|
511
+22%
|
602
+18%
|
669
+11%
|
663
-1%
|
613
-8%
|
558
-9%
|
503
-10%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(2)
|
(7)
|
(15)
|
(31)
|
(45)
|
(64)
|
(80)
|
(91)
|
(100)
|
(103)
|
(105)
|
(104)
|
(105)
|
(108)
|
(109)
|
(115)
|
(118)
|
(120)
|
(125)
|
(129)
|
(133)
|
(139)
|
(142)
|
(144)
|
(146)
|
(148)
|
(152)
|
(155)
|
(162)
|
(169)
|
(176)
|
(185)
|
(191)
|
(192)
|
(191)
|
(188)
|
(184)
|
(183)
|
(188)
|
(209)
|
(280)
|
(344)
|
(366)
|
(400)
|
(417)
|
(348)
|
(335)
|
(295)
|
|
| Selling, General & Administrative |
(0)
|
(1)
|
(1)
|
(2)
|
(4)
|
(7)
|
(9)
|
(12)
|
(10)
|
(10)
|
(10)
|
(9)
|
(11)
|
(10)
|
(8)
|
(7)
|
(5)
|
(4)
|
(7)
|
(10)
|
(13)
|
(17)
|
(19)
|
(20)
|
(20)
|
(20)
|
(21)
|
(20)
|
(23)
|
(25)
|
(26)
|
(27)
|
(28)
|
(28)
|
(28)
|
(29)
|
(30)
|
(32)
|
(38)
|
(49)
|
(57)
|
(67)
|
(69)
|
(67)
|
(67)
|
(66)
|
(65)
|
(65)
|
|
| Depreciation & Amortization |
(2)
|
(7)
|
(14)
|
(28)
|
(40)
|
(57)
|
(72)
|
(79)
|
(90)
|
(93)
|
(94)
|
(95)
|
(95)
|
(98)
|
(102)
|
(108)
|
(113)
|
(116)
|
(118)
|
(118)
|
(120)
|
(121)
|
(123)
|
(124)
|
(126)
|
(128)
|
(131)
|
(135)
|
(139)
|
(145)
|
(150)
|
(157)
|
(163)
|
(163)
|
(163)
|
(159)
|
(154)
|
(151)
|
(149)
|
(161)
|
(222)
|
(277)
|
(297)
|
(333)
|
(350)
|
(281)
|
(270)
|
(230)
|
|
| Operating Income |
2
N/A
|
4
+125%
|
8
+128%
|
16
+95%
|
40
+149%
|
58
+46%
|
71
+21%
|
78
+10%
|
72
-7%
|
69
-5%
|
70
+3%
|
73
+4%
|
70
-4%
|
73
+4%
|
78
+7%
|
80
+2%
|
88
+10%
|
90
+2%
|
89
-1%
|
94
+6%
|
93
-1%
|
93
+0%
|
95
+2%
|
95
0%
|
99
+4%
|
100
+1%
|
99
-1%
|
101
+2%
|
100
-1%
|
102
+2%
|
113
+11%
|
118
+4%
|
128
+9%
|
135
+6%
|
131
-4%
|
130
-1%
|
122
-6%
|
119
-2%
|
114
-4%
|
114
-1%
|
139
+22%
|
167
+20%
|
198
+19%
|
232
+17%
|
246
+6%
|
227
-8%
|
222
-2%
|
208
-6%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(1)
|
(3)
|
(6)
|
(9)
|
(12)
|
(3)
|
(24)
|
(26)
|
(29)
|
(47)
|
(26)
|
(28)
|
(22)
|
(24)
|
(39)
|
(47)
|
(60)
|
(64)
|
(54)
|
(52)
|
(51)
|
(50)
|
(56)
|
(55)
|
(63)
|
(62)
|
(65)
|
(73)
|
(80)
|
(86)
|
(93)
|
(93)
|
(89)
|
(89)
|
(77)
|
(67)
|
(76)
|
(86)
|
(101)
|
(128)
|
(183)
|
(235)
|
(295)
|
(339)
|
(319)
|
(303)
|
(282)
|
(244)
|
|
| Non-Reccuring Items |
(8)
|
(24)
|
(31)
|
(57)
|
(84)
|
(68)
|
(97)
|
(72)
|
(39)
|
(38)
|
(0)
|
1
|
(10)
|
(11)
|
(12)
|
(10)
|
(2)
|
(2)
|
(4)
|
(9)
|
(23)
|
(22)
|
(21)
|
(23)
|
(9)
|
(9)
|
(8)
|
(1)
|
(4)
|
(4)
|
(10)
|
(10)
|
(16)
|
(16)
|
(26)
|
(27)
|
(24)
|
(23)
|
(29)
|
(153)
|
(156)
|
(155)
|
(141)
|
(61)
|
(55)
|
(127)
|
(134)
|
(156)
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
13
|
14
|
14
|
13
|
1
|
0
|
(4)
|
(6)
|
(6)
|
(5)
|
6
|
15
|
24
|
0
|
0
|
9
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
23
|
16
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
19
|
18
|
2
|
20
|
3
|
5
|
|
| Pre-Tax Income |
(7)
N/A
|
(23)
-233%
|
(28)
-22%
|
(50)
-76%
|
(55)
-10%
|
(13)
+77%
|
(51)
-298%
|
(20)
+61%
|
4
N/A
|
(17)
N/A
|
44
N/A
|
48
+7%
|
52
+9%
|
53
+3%
|
43
-20%
|
36
-15%
|
27
-27%
|
24
-9%
|
27
+13%
|
27
N/A
|
13
-51%
|
17
+25%
|
24
+43%
|
32
+32%
|
51
+61%
|
52
+3%
|
42
-19%
|
36
-14%
|
16
-57%
|
12
-27%
|
10
-15%
|
14
+44%
|
24
+67%
|
31
+31%
|
28
-9%
|
37
+31%
|
23
-37%
|
11
-52%
|
(13)
N/A
|
(165)
-1 129%
|
(197)
-20%
|
(221)
-12%
|
(220)
+0%
|
(150)
+32%
|
(127)
+16%
|
(183)
-44%
|
(190)
-4%
|
(186)
+2%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
0
|
0
|
0
|
1
|
0
|
1
|
1
|
(6)
|
(5)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(3)
|
(3)
|
(4)
|
(4)
|
(2)
|
(2)
|
(2)
|
(2)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(12)
|
(13)
|
(14)
|
(15)
|
(11)
|
(11)
|
(12)
|
(11)
|
(14)
|
(14)
|
(10)
|
(9)
|
(4)
|
(5)
|
(9)
|
(10)
|
|
| Income from Continuing Operations |
(7)
|
(23)
|
(30)
|
(51)
|
(54)
|
(11)
|
(50)
|
(20)
|
(2)
|
(21)
|
40
|
44
|
48
|
49
|
38
|
31
|
24
|
21
|
23
|
24
|
11
|
14
|
22
|
29
|
47
|
48
|
38
|
32
|
11
|
5
|
2
|
6
|
11
|
18
|
14
|
22
|
12
|
1
|
(25)
|
(176)
|
(212)
|
(235)
|
(231)
|
(160)
|
(132)
|
(190)
|
(200)
|
(196)
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
(7)
N/A
|
(23)
-233%
|
(30)
-27%
|
(51)
-73%
|
(54)
-5%
|
(11)
+79%
|
(50)
-335%
|
(20)
+60%
|
(3)
+87%
|
(22)
-784%
|
39
N/A
|
43
+9%
|
46
+8%
|
47
+2%
|
37
-22%
|
30
-19%
|
20
-33%
|
15
-26%
|
15
+2%
|
13
-13%
|
0
-97%
|
4
+875%
|
11
+182%
|
18
+62%
|
34
+90%
|
33
-2%
|
22
-35%
|
14
-34%
|
(8)
N/A
|
(14)
-73%
|
(28)
-99%
|
(26)
+10%
|
(20)
+21%
|
(14)
+31%
|
(7)
+51%
|
1
N/A
|
(9)
N/A
|
(21)
-124%
|
(46)
-123%
|
(202)
-335%
|
(243)
-21%
|
(272)
-12%
|
(287)
-6%
|
(219)
+24%
|
(176)
+20%
|
(343)
-95%
|
(331)
+3%
|
(326)
+2%
|
|
| EPS (Diluted) |
-0.12
N/A
|
-0.4
-233%
|
-0.78
-95%
|
-0.87
-12%
|
-1.28
-47%
|
-0.19
+85%
|
-0.84
-342%
|
-0.35
+58%
|
-0.04
+89%
|
-0.39
-875%
|
0.7
N/A
|
0.77
+10%
|
0.82
+6%
|
0.71
-13%
|
0.55
-23%
|
0.44
-20%
|
0.3
-32%
|
0.23
-23%
|
0.23
N/A
|
0.2
-13%
|
0.01
-95%
|
0.06
+500%
|
0.13
+117%
|
0.21
+62%
|
0.39
+86%
|
0.38
-3%
|
0.24
-37%
|
0.15
-38%
|
-0.09
N/A
|
-0.16
-78%
|
-0.31
-94%
|
-0.25
+19%
|
-0.2
+20%
|
-0.15
+25%
|
-0.07
+53%
|
0
N/A
|
-0.09
N/A
|
-0.2
-122%
|
-0.44
-120%
|
-1.54
-250%
|
-1.71
-11%
|
-1.18
+31%
|
-1.24
-5%
|
-0.95
+23%
|
-0.76
+20%
|
-1.48
-95%
|
-1.48
N/A
|
-1.47
+1%
|
|