← Global Net Lease, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $214.2m $259.3m $282.2m $306.2m $330.1m $391.2m $378.9m $515.1m $805.0m $495.3m
Cost of Revenue $146.8m $164.6m $28.2m $181.2m $217.6m $262.1m $260.6m $51.5m $540.8m $331.6m
Gross Profit (Calculated) (derived) $67.4m $94.7m $254.0m $125.0m $112.5m $129.1m $118.3m $463.5m $264.2m $163.7m
Operating Expenses $153.9m $173.2m $208.4m — — — — — — —
Operating Income (Loss) $60.3m $86.0m $68.0m $114.9m $99.2m $111.9m $100.5m ($15.4m) $206.5m $111.0m
Additional Financial Items
Amortization of Intangible Assets $44.1m $53.7m $54.7m $56.7m $58.1m $69.0m $57.8m $101.0m $173.7m $88.1m
Foreign Currency Transaction Gain (Loss), before Tax $0 — — — — — — — — —
Gains (Losses) on Sales of Investment Real Estate $13.3m $1.1m ($5.8m) $23.6m ($153k) $1.5m $325k ($1.7m) $57.0m $94.7m
Goodwill, Impairment Loss — — — — $0 $0 $0 $0 $0 $7.1m
Income (Loss) from Continuing Operations before Income Taxes, Domestic — — — — — $56.2m $64.6m ($118.4m) ($123.2m) ($177.1m)
Income (Loss) from Continuing Operations, Per Basic Share — — — — — — — — — ($1)
Income (Loss) from Continuing Operations, Per Diluted Share — — — — — — — — — ($1)
Preferred Stock Dividends, Income Statement Impact — $2.8m $9.8m $11.9m $18.6m $20.1m $20.4m $27.4m $43.7m $43.7m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $52.0m $26.7m $13.3m $50.8m $15.7m $23.5m $23.1m ($197.4m) ($127.1m) ($113.9m)
Gain (Loss) on Derivative Instruments, Net, Pretax $7.4m ($8.3m) $7.6m $769k ($2.3m) $5.8m $18.6m ($3.7m) $4.2m ($10.7m)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — — — — ($135.7m)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — — — — ($89.7m)
Net Investment Income $0 $0 — — — — — — — —
Net Income (Loss) Attributable to Parent $47.1m — — — — — — — — —
Net Income (Loss) Available to Common Stockholders, Basic $47.1m $20.7m $1.1m $34.5m ($7.8m) ($8.7m) ($8.4m) ($239.3m) ($175.3m) ($269.2m)
Net Income (Loss) Attributable to Noncontrolling Interest $437k $21k $0 $0 — — — — — —
Earnings Per Share, Basic — — — $0.40 ($0.09) ($0.20) ($0.09) ($1.71) ($0.76) ($1.21)
Earnings Per Share, Diluted — — — $0.39 ($0.09) ($0.20) ($0.09) ($1.71) ($0.76) ($1.21)
Common Stock, Dividends, Per Share, Declared — — — $2.13 $1.73 $1.73 $1.60 $1.55 $1.18 $0.84
Weighted Average Number of Shares Outstanding, Basic — — 69.4m 85.0m 89.5m 98.3m 103.7m 142.6m 230.4m 223.3m
Weighted Average Number of Shares Outstanding, Diluted — — 69.7m 86.3m 89.5m 98.3m 103.7m 142.6m 230.4m 223.3m
General and Administrative Expense $7.1m $8.6m $10.4m $10.1m $13.3m $17.2m $17.7m $40.2m $57.7m $52.8m
Other Nonoperating Income (Expense) — $22k ($23k) $216k $289k $121k $981k $2.3m $1.7m $4.3m
Interest Expense (non-operating) — — — — — — — — $326.9m $194.7m
Business Combination, Acquisition Related Costs $9.8m $2.0m $13.8m $1.3m $663k $141k $244k $54.5m $6.0m $6.7m
Current Income Tax Expense (Benefit) $2.5m $2.1m $2.4m $4.7m $6.9m $14.3m $13.0m $16.9m $4.7m $10.1m
Direct Costs of Leased and Rented Property or Equipment $19.0m $28.9m $28.7m $28.3m $32.4m $32.7m $32.9m $67.8m $142.5m $51.2m
Interest Expense $39.1m $48.5m $58.0m $64.2m $71.8m $94.3m $97.5m $179.4m — —
Operating Lease, Expense — — — $1.3m $1.4m $1.4m $1.3m $1.4m $1.5m $1.6m
Income Tax Expense (Benefit) $4.4m $3.1m $2.4m $4.3m $5.0m $12.2m $11.0m $14.5m $4.4m $21.8m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.