Global Net Lease Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	751.33	805.01	515.07	378.86	391.23	330.1
Total Revenue	751.33	805.01	515.07	378.86	391.23	330.1
Revenue Growth (YoY	17.63%	56.29%	35.95%	-3.16%	18.52%	7.80%
Property Expenses	139.24	148.52	150.61	73.24	71.94	68.84
Selling, General & Administrative	57.76	57.73	40.19	17.74	17.23	13.26
Depreciation & Amortization	330.12	349.94	222.27	154.03	163.08	138.54
Total Operating Expenses	538.93	565.13	430.37	257.08	263.27	230.71
Operating Income	212.41	239.88	84.7	121.78	127.95	99.4
Interest Expense	-282.94	-326.93	-179.41	-97.51	-94.35	-71.8
Currency Exchange Gain (Loss)	-10.73	3.25	-	2.44	-	-6.04
Other Non-Operating Income	1.36	5.95	-1.42	19.62	5.95	-2.05
EBT Excluding Unusual Items	-79.9	-77.86	-96.13	46.33	39.56	19.5
Gain (Loss) on Sale of Assets	15.38	57.02	-1.67	0.33	1.48	-0.15
Asset Writedown	-145.76	-90.41	-68.68	-21.56	-17.53	-
Total Legal Settlements	-	-	-29.73	-	-	-
Other Unusual Items	-11.3	-15.88	-1.22	-2.04	-	-3.6
Pretax Income	-228.72	-127.13	-197.44	23.06	23.52	15.75
Income Tax Expense	10.39	4.45	14.48	11.03	12.15	4.97
Earnings From Continuing Operations	-239.11	-131.57	-211.91	12.02	11.37	10.78
Net Income	-280.16	-131.57	-211.91	12.02	11.37	10.78
Preferred Dividends & Other Adjustments	45.17	44.4	31.33	21.33	31.42	19.02
Net Income to Common	-325.33	-175.98	-243.24	-9.3	-20.05	-8.24
Net Income Growth	-	-	-	5.78%	5.46%	-76.81%
Basic Shares Outstanding	226	230	143	104	98	89
Diluted Shares Outstanding	226	230	143	104	98	89
Shares Change (YoY)	-1.93%	61.62%	37.52%	5.50%	9.85%	3.62%
EPS (Basic)	-1.44	-0.76	-1.71	-0.09	-0.20	-0.09
EPS (Diluted)	-1.44	-0.76	-1.71	-0.09	-0.20	-0.09
Dividend Per Share	0.884	1.179	1.554	1.600	1.600	1.732
Dividend Growth	-32.21%	-24.13%	-2.88%	-	-7.65%	-18.66%
Operating Margin	28.27%	29.80%	16.45%	32.14%	32.71%	30.11%
Profit Margin	-43.30%	-21.86%	-47.22%	-2.46%	-5.13%	-2.50%
EBITDA	545.31	596.15	311.69	276.26	290.33	237.87
EBITDA Margin	72.58%	74.06%	60.51%	72.92%	74.21%	72.06%
D&A For Ebitda	332.9	356.27	226.99	154.49	162.37	138.47
EBIT	212.41	239.88	84.7	121.78	127.95	99.4
EBIT Margin	28.27%	29.80%	16.45%	32.14%	32.71%	30.11%
Funds From Operations (FFO)	116.64	208.02	53.28	-	-	-
Adjusted Funds From Operations (AFFO)	-	303.81	199.8	-	-	-
FFO Payout Ratio	183.05%	130.96%	388.51%	-	-	-
Effective Tax Rate	-	-	-	47.85%	51.67%	31.55%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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