Global Net Lease, Inc. (GNL) Financial Statements (2024 and earlier)

Company Profile

Business Address 650 FIFTH AVE
NEW YORK, NY 10019
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments100,918119,161103,335128,014111,211123,502
Cash and cash equivalents100,918119,161103,335128,014111,211123,502
Total current assets:100,918119,161103,335128,014111,211123,502
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization      
Operating lease, right-of-use asset51,24050,98749,16645,49348,93552,465
Property, plant and equipment505,202502,231494,101480,991496,191505,823
Intangible assets, net (including goodwill), including:749,234760,61721,362690,692717,356732,226
Goodwill21,55621,550 20,35521,07521,808
Intangible assets, net (excluding goodwill)727,678739,067299,766670,337696,281710,418
Other undisclosed intangible assets, net (including goodwill)   (278,404)   
Deferred income tax assets2,5842,5813,6471,3631,4161,470
Total noncurrent assets:1,308,2601,316,416568,2761,218,5391,263,8981,291,984
Other undisclosed assets2,592,6982,605,9193,290,2152,619,0152,669,4272,737,254
TOTAL ASSETS:4,001,8764,041,4963,961,8263,965,5684,044,5364,152,740
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt6,3956,38650,0096,4237,1967,983
Deferred income tax liabilities6,3956,3867,2646,4237,1967,983
Off-market lease, unfavorable   42,745   
Total noncurrent liabilities:6,3956,38650,0096,4237,1967,983
Other undisclosed liabilities2,640,3122,623,4982,457,8982,474,5712,509,4222,549,419
Total liabilities:2,646,7072,629,8842,507,9072,480,9942,516,6182,557,402
Equity
Equity, attributable to parent, including:1,335,7791,394,4681,439,0211,471,9211,517,5111,587,177
Common stock2,3742,3712,3712,3712,3712,369
Additional paid in capital2,690,3752,683,8272,683,1692,682,6002,680,7372,678,030
Accumulated other comprehensive income (loss)11,5933,7021,147(24,899)(9,514)15,309
Accumulated deficit(1,368,678)(1,295,547)(1,247,781)(1,188,266)(1,156,198)(1,108,645)
Other undisclosed equity, attributable to parent115115115115115114
Equity, attributable to noncontrolling interest19,39017,14414,89812,65310,4078,161
Total equity:1,355,1691,411,6121,453,9191,484,5741,527,9181,595,338
TOTAL LIABILITIES AND EQUITY:4,001,8764,041,4963,961,8263,965,5684,044,5364,152,740

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues95,84494,33293,94892,59995,17797,133
Cost of revenue(37,097)(21,172)(22,342)(21,088)(21,370)(11,268)
Cost of goods and services sold(9,033)(8,146)(9,854)(7,765)(7,798)(7,460)
Gross profit:58,74773,16071,60671,51173,80785,865
Operating expenses(54,259)(42,788)(47,843)(42,647)(59,065)(53,016)
Other undisclosed operating income (loss)  12014362 
Operating income (loss):4,48830,37223,88329,00714,80432,849
Nonoperating expense(27,238)(28,555)(34,153)(11,117)(13,005)(19,213)
Investment income, nonoperating(774)(1,656)(6,892)13,1217,7984,615
Interest and debt expense(404)(26,965)(1,657)(41)(342)(24,123)
Income (loss) from continuing operations before equity method investments, income taxes:(23,154)(25,148)(11,927)17,8491,457(10,487)
Other undisclosed income from continuing operations before income taxes40426,9651,6574134224,123
Income (loss) from continuing operations before income taxes:(22,750)1,817(10,270)17,8901,79913,636
Income tax expense(3,508)(2,707)(2,370)(3,052)(2,515)(3,095)
Income (loss) from continuing operations:(26,258)(890)(12,640)14,838(716)10,541
Income (loss) before gain (loss) on sale of properties:14,838(716)10,541
Net income (loss) attributable to parent:(26,258)(890)(12,640)14,838(716)10,541
Preferred stock dividends and other adjustments(5,099)(5,099)(5,098)(5,099)(5,131)(5,058)
Net income (loss) available to common stockholders, basic:(31,357)(5,989)(17,738)9,739(5,847)5,483
Dilutive securities, effect on basic earnings per share(238)(239)(238)(264)(215)(222)
Net income (loss) available to common stockholders, diluted:(31,595)(6,228)(17,976)9,475(6,062)5,261

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(26,258)(890)(12,640)14,838(716)10,541
Other comprehensive income (loss)7,8912,55526,046(15,385)(24,823)(237)
Comprehensive income (loss):(18,367)1,66513,406(547)(25,539)10,304
Other undisclosed comprehensive loss, net of tax, attributable to parent(5,099)(5,099)(5,098)(5,099)(5,131)(5,058)
Comprehensive income (loss), net of tax, attributable to parent:(23,466)(3,434)8,308(5,646)(30,670)5,246

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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