Global Net Lease Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Global Net Lease Inc (GNL) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Global Net Lease Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 460M vs 16,852M combined for its competitors (2.7% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-2.1% annualized vs trailing 12 months), vs holding steady (+1.2%) for its tracked peer group.
- Growth: Global Net Lease Inc generated -10.0% revenue growth year over year in Q2 2026, vs 9.3% for its competitors combined.
- Profitability: Its 3.1% net margin compares with 34.5% for the peer group.
- Scale: Global Net Lease Inc ranks #90 of 187 companies by market capitalization in the Real Estate Investment Trusts industry, holding 0.1% of industry market cap.
- Peer revenue share: Global Net Lease Inc accounted for 2.6% of combined revenue among its tracked peer group, down from 3.1% a year earlier.
- Peer differentiation: Revenue per employee of $8.21M compares with $13.78M for the peer group (0.6x).
- Structure: Global Net Lease Inc operates in the following segments: Industrial and Distribution, Single-Tenant Retail, Office.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
GNL Sales vs. its Competitors, Q2 2026
Global Net Lease Inc reported revenue contraction of 9.95 % year on year in Q2 2026, below its competitors' combined revenue growth of 9.29 %.
With a net margin of 3.10 %, Global Net Lease Inc reported lower profitability than its competitors (34.50 %).
Global Net Lease Inc generated 2.57 % of the combined sales of its peer group, down from 3.10 % a year earlier.
API endpoints for this dataset
Global Net Lease Inc vs. its Competitors, Q2 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Global Net Lease Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Global Net Lease Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Global Net Lease Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (9) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Global Net Lease Inc's competitor groups requires a Commercial License.
For context: the Real Estate Investment Trusts industry grew revenue -1.0% year over year, combined, vs -10.0% for Global Net Lease Inc. Global Net Lease Inc's share of combined industry revenue moved from 0.17% to 0.15%, a loss of 0.02 percentage points.
Global Net Lease Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Global Net Lease Inc | No | No | No | No |
| Competitors combined (11) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 0.00 % (0 of 8) | 0.00 % (0 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
GNL Stock Performance relative to its Competitors
GNL Stock Performance relative to Similar-Size Competitors
GNL Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Realty Income Corporation | 282.9% | Outperformed |
| 2 | Nnn Reit Inc | 282.9% | Outperformed |
| 3 | Store Capital Llc | 282.9% | Outperformed |
| 4 | W P Carey Inc | 282.9% | Outperformed |
| 5 | Agree Realty Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Global Net Lease Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Global Net Lease Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Global Net Lease Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Global Net Lease Inc |
1,447.67 | 459.73 |
 Realty Income Corporation |
55,858.63 | 6,205.96 |
 Vici Properties Inc |
27,284.51 | 4,155.60 |
 W P Carey Inc |
15,072.21 | 1,828.42 |
 Agree Realty Corporation |
8,706.01 | 810.28 |
 Nnn Reit Inc |
7,797.17 | 953.25 |
| SUBTOTAL | 129,447.28 | 17,311.88 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Global Net Lease Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Global Net Lease Inc's Competitors Named by the Company
Competitive relationships identified from Global Net Lease Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Nnn Reit Inc | Company report | 85% |
| Medalist Diversified inc | Company report | 85% |
| Essential Properties Realty Trust Inc | Company report | 85% |
| Vereit Inc | Company report | 85% |
| Realty Income Corporation | Company report | 85% |
| W P Carey Inc | Company report | 85% |
| Store Capital Llc | Company report | 85% |
| Stag Industrial inc | Company report | 85% |
| Inpoint Commercial Real Estate Income Inc | Company report | 85% |
| Agree Realty Corporation | Company report | 85% |
| American Realty Capital Properties, Inc. | Company report | 85% |
Company report basis, confidence, active dates and source counts for Global Net Lease Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Global Net Lease Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Global Net Lease Inc | Industrial and Distribution 47.66 % |
| Medalist Diversified inc | Investment Properties 100.00 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Global Net Lease Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Global Net Lease Inc | 1,448 | 8,209,411 | -241,554 |
| Realty Income Corporation | 55,859 | 11,408,018 | 2,619,897 |
| Vici Properties Inc | 27,285 | 148,414,286 | 84,931,786 |
| W P Carey Inc | 15,072 | 9,188,045 | 3,304,859 |
| Agree Realty Corporation | 8,706 | 9,003,111 | 2,684,456 |
| Nnn Reit Inc | 7,797 | 11,214,671 | 4,525,471 |
| PEERS TOTAL | 128,000 | 13,779,358 | 4,812,109 |
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Global Net Lease Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 181 companies in Global Net Lease Inc's industry classification, broader than the peer set above. Market cap in millions of $.Global Net Lease Inc ranks #90 of 181 companies by market capitalization in its industry, holding 0.10 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 414, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Welltower Inc | 179,940 | 12.00 % |
| 2 | Prologis Inc | 121,824 | 8.12 % |
| 3 | Equinix Inc | 100,503 | 6.70 % |
| 4 | American Tower Corporation | 89,686 | 5.98 % |
| 5 | Simon Property Group inc | 1,234 | 5.2% |
| 6 | Digital Realty Trust Inc | 1,234 | 5.2% |
| 7 | Public Storage | 1,234 | 5.2% |
| 8 | Realty Income Corporation | 1,234 | 5.2% |
| 9 | Ventas inc | 1,234 | 5.2% |
| 10 | Crown Castle Inc | 1,234 | 5.2% |
| 90 | Global Net Lease Inc | 1,479 | 0.10 % |
Market cap and industry share for the rest of Global Net Lease Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Global Net Lease Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 85 | Twenty One Capital Inc | 1,899 | -68.70 % |
| 86 | Rlj Lodging Trust | 1,876 | 81.20 % |
| 87 | Douglas Emmett Inc | 1,725 | -15.78 % |
| 88 | Diversified Healthcare Trust | 1,702 | 65.96 % |
| 89 | American Assets Trust Inc | 1,234 | 12.3% |
| 90 | Global Net Lease Inc | 1,479 | -7.28 % |
| 91 | Cbl and Associates Properties Inc | 1,234 | 12.3% |
| 92 | Empire State Realty Trust Inc | 1,234 | 12.3% |
| 93 | Empire State Realty Op L p | 1,234 | 12.3% |
| 94 | Uniti Group Inc | 1,234 | 12.3% |
| 95 | Alexanders Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Global Net Lease Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Global Net Lease Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Real Estate Investment Trusts industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (283 companies). See the full Real Estate Investment Trusts industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 88.78 % | 42.02 % (avg) | +46.8 pp |
| Operating Margin | 39.64 % | industry median | +26.1 pp |
| EBITDA Margin | 66.50 % | 38.49 % (avg) | +28.0 pp |
| Capital Intensity (Capex / Revenue) | 3.80 % | 28.31 % (avg) | -24.5 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Global Net Lease Inc's Valuation vs Competitive Position
Valuation multiples vs the Real Estate Investment Trusts industry average (283 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Real Estate Investment Trusts industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 30.7x | - |
| EV / EBITDA | 13.8x | 17.6x | -3.8x |
| P/B | 1.2x | 1.9x | -0.6x |
| Return on Equity | -0.84 % | industry aggregate | -6.49 % |
| Return on Invested Capital | 2.55 % | 2.23 % (avg) | 0.32 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Global Net Lease Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 11.19 % | 6.21 % | 7.80 % | 18.52 % | -3.16 % | 35.95 % | 22.53 % | -21.52 % |
| Operating Margin | 24.42 % | 37.52 % | 30.06 % | 28.61 % | 26.54 % | -2.99 % | 31.00 % | 22.41 % |
| Return on Invested Capital | 1.55 % | 2.25 % | 1.83 % | 1.93 % | 1.81 % | -0.15 % | 1.63 % | 1.38 % |
| P/E | - | 50.1x | - | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Global Net Lease Inc's Strategic Group Map
Global Net Lease Inc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Global Net Lease Inc's trailing-12-month revenue growth of -22.8% and operating margin of 39.6% compares with an average of -16.0% growth and 40.2% margin across its 8 closest peers by combined growth, margin and ROIC -- Global Net Lease Inc sits below that peer average on growth and below it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Global Net Lease Inc's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Global Net Lease Inc falls in the Dog quadrant: relative market share of 0.01x vs its largest competitor, in an industry growing revenue 2.4% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Global Net Lease Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 414 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 3.80 % vs industry average 28.31 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Global Net Lease Inc's dedicated Suppliers and Customers pages, not here.
Global Net Lease Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Global Net Lease Inc falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Global Net Lease Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 26.1 points above the industry median.
Weaknesses
- Return on equity 6.5 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-2.1% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.01x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Global Net Lease Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Global Net Lease Inc | 3.45 | 3.46 | 1.49 |
| Realty Income Corporation | 0.22 | 0.96 | 0.08 |
| Vici Properties Inc | 1.98 | 2.12 | 0.58 |
| W P Carey Inc | 0.28 | 1.24 | 1.03 |
| Agree Realty Corporation | 0.20 | 0.96 | 0.12 |
| Nnn Reit Inc | 0.25 | 0.27 | 0.35 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Global Net Lease Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Global Net Lease Inc | Q2 2026 | -10.0 % | - |
| Realty Income Corporation | Q3 2026 | +10.3 % | +36.0 % |
| Vici Properties Inc | Q3 2026 | +5.8 % | -55.7 % |
| W P Carey Inc | Q3 2026 | +8.6 % | -0.2 % |
| Agree Realty Corporation | Q3 2026 | +16.7 % | +30.7 % |
| Nnn Reit Inc | Q2 2026 | +7.7 % | -2.6 % |
| PEERS TOTAL | +9.1 % | -12.7 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Global Net Lease Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Global Net Lease Inc | Q2 2026 | +11.5 % | -78.9 % |
| Realty Income Corporation | Q3 2026 | +28.1 % | +129.0 % |
| Vici Properties Inc | Q3 2026 | +1.4 % | +3,622.0 % |
| W P Carey Inc | Q3 2026 | - | -67.7 % |
| Agree Realty Corporation | Q3 2026 | - | -23.0 % |
| Nnn Reit Inc | Q2 2026 | - | - |
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Global Net Lease Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Global Net Lease Inc | - | - | - |
| Realty Income Corporation | 1.89% | 1.89% | 3.44% |
| Vici Properties Inc | 5.00% | 4.96% | 8.21% |
| W P Carey Inc | 3.58% | 3.59% | 7.75% |
| Agree Realty Corporation | 2.33% | 2.28% | 3.72% |
| Nnn Reit Inc | 4.06% | 4.66% | 8.70% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Global Net Lease Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Global Net Lease Inc | - | 3.15 |
| Realty Income Corporation | 40.44 | 9.00 |
| Vici Properties Inc | 11.48 | 6.57 |
| W P Carey Inc | 22.46 | 8.24 |
| Agree Realty Corporation | 35.83 | 10.74 |
| Nnn Reit Inc | 20.16 | 8.18 |
| PEERS AVERAGE | 22.05 | 7.48 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.