Global Net Lease (GNL) FY2024 results: revenue $570 million, up 27.8% on the year
Global Net Lease, Inc. (GNL) reported revenue of $570 million for fiscal 2024, the year ended 31 December 2024, up 27.8% on the year before. Net income was -$175 million, and diluted earnings per share $-0.76. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$570 million
+27.8% on the year
FY2017FY2024
Operating margin
33.0%
-3.4% a year earlier
FY2017FY2024
Net income
-$175 million
FY2017FY2024
Diluted EPS
-$0.76
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
299
144
182
+108.3%
Capital expenditure
45.6
47.3
29.9
-3.5%
Free cash flow
254
96.4
152
+163.2%
Free cash flow margin
44.5%
21.6%
40.1%
Cash from investing
760
-552
-16.5
Cash from financing
-995
469
-150
Depreciation and amortisation
217
179
154
+20.9%
Share-based compensation
8.9
17.3
12.1
-48.4%
Buybacks
0.0
0.0
0.7
Dividends paid
272
207
167
+31.6%
Dividend per share
$1.18
$1.55
$1.60
-23.9%
Diluted shares, weighted
230m
143m
104m
+61.6%
Shares outstanding at period end
231m
231m
104m
+0.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,187
2,638
1,439
-17.1%
Non-controlling interest
0.0
1.4
14.9
Debt
4,065
5,148
2,396
-21.0%
Other liabilities
704
312
112
+125.8%
Total liabilities and equity
6,956
8,099
3,962
-14.1%
Goodwill
51.4
47.0
21.4
+9.4%
Intangible assets
378
891
300
-57.6%
Cash and equivalents
160
122
103
+31.4%
Other assets
6,367
7,039
3,537
-9.6%
Total assets
6,956
8,099
3,962
-14.1%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.