2019 Form 10-K Financial Statement

#000152611320000006 Filed on February 28, 2020

View on sec.gov

Income Statement

Concept 2019 2018 Q4 2018 Q3
Revenue $306.2M $71.23M $71.92M
YoY Change 8.51% 6.94% 10.87%
Cost Of Revenue $61.60M $15.06M $6.956M
YoY Change 118.18% 11.8% 8.86%
Gross Profit $244.6M $56.17M $64.97M
YoY Change -3.69% 5.72% 11.09%
Gross Profit Margin 79.88% 78.86% 90.33%
Selling, General & Admin $19.60M $4.070M $5.270M
YoY Change 49.62% 244.92% 153.37%
% of Gross Profit 8.01% 7.25% 8.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $69.26M $29.90M $30.30M
YoY Change 6.8% 4.55% 1.34%
% of Gross Profit 28.31% 53.23% 46.64%
Operating Expenses $145.7M $34.14M $50.56M
YoY Change -30.1% 14.79% 8.99%
Operating Profit $114.9M $22.03M $19.44M
YoY Change 68.91% -5.81% 5.14%
Interest Expense $64.20M -$12.98M $15.10M
YoY Change 10.74% -10.11% 21.04%
% of Operating Profit 55.88% -58.92% 77.71%
Other Income/Expense, Net -$64.09M -$90.00K -$16.27M
YoY Change 17.18% -1000.0% 6.79%
Pretax Income $50.81M -$4.660M $3.162M
YoY Change 281.13% -149.52% -2.62%
Income Tax $4.300M -$370.0K $530.0K
% Of Pretax Income 8.46% 16.76%
Net Earnings $46.48M -$4.290M $2.632M
YoY Change 326.5% -150.77% 5.83%
Net Earnings / Revenue 15.18% -6.02% 3.66%
Basic Earnings Per Share $0.40
Diluted Earnings Per Share $0.39 -$58.29K $37.87K
COMMON SHARES
Basic Shares Outstanding 85.03M shares 73.55M shares 69.44M shares
Diluted Shares Outstanding 86.35M shares 74.00M shares 69.44M shares

Balance Sheet

Concept 2019 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $270.3M $100.3M $155.2M
YoY Change 169.49% -2.05% 117.67%
Cash & Equivalents $270.3M $100.3M $155.2M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $322.4M $147.5M $201.4M
YoY Change 118.58% 1.58% 79.34%
LONG-TERM ASSETS
Property, Plant & Equipment $3.296B $2.983B $2.937B
YoY Change 10.51% 5.3% 5.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $19.40M $125.9M $11.40M
YoY Change -84.59% 861.07% -20.83%
Total Long-Term Assets $3.379B $3.162B $3.016B
YoY Change 6.87% 9.28% 6.15%
TOTAL ASSETS
Total Short-Term Assets $322.4M $147.5M $201.4M
Total Long-Term Assets $3.379B $3.162B $3.016B
Total Assets $3.702B $3.309B $3.217B
YoY Change 11.85% 8.91% 8.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.90M $31.50M $26.40M
YoY Change -27.3% 35.78% 7.32%
Accrued Expenses $24.00M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $52.30M $37.20M $30.70M
YoY Change 40.59% 27.84% -7.25%
LONG-TERM LIABILITIES
Long-Term Debt $1.869B $1.772B $1.713B
YoY Change 5.46% 17.09% 18.96%
Other Long-Term Liabilities $55.30M $55.90M $52.40M
YoY Change -1.07% -14.92% -17.48%
Total Long-Term Liabilities $1.924B $1.828B $1.765B
YoY Change 5.26% 15.76% 17.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $52.30M $37.20M $30.70M
Total Long-Term Liabilities $1.924B $1.828B $1.765B
Total Liabilities $2.004B $1.881B $1.811B
YoY Change 6.37% 15.78% 16.72%
SHAREHOLDERS EQUITY
Retained Earnings -$615.4M -$569.4M
YoY Change 31.39% 30.02%
Common Stock $2.091M $2.051M
YoY Change 4.39% 2.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.698B $1.425B $1.404B
YoY Change
Total Liabilities & Shareholders Equity $3.702B $3.309B $3.217B
YoY Change 11.85% 8.91% 8.93%

Cashflow Statement

Concept 2019 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $46.48M -$4.290M $2.632M
YoY Change 326.5% -150.77% 5.83%
Depreciation, Depletion And Amortization $69.26M $29.90M $30.30M
YoY Change 6.8% 4.55% 1.34%
Cash From Operating Activities $146.0M $41.20M $32.40M
YoY Change 0.97% 44.56% -3.57%
INVESTING ACTIVITIES
Capital Expenditures $17.35M -$207.3M -$86.90M
YoY Change 1092.98% 225.94% 1058.67%
Acquisitions
YoY Change
Other Investing Activities $285.6M $500.0K $3.900M
YoY Change 1131.03% -350.0% -63.55%
Cash From Investing Activities -$294.5M -$206.9M -$82.90M
YoY Change -35.7% 224.8% -2774.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$258.4M
YoY Change -250.45%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $300.0M 108.1M 113.0M
YoY Change -3.9% 74.64% -426.59%
NET CHANGE
Cash From Operating Activities $146.0M 41.20M 32.40M
Cash From Investing Activities -$294.5M -206.9M -82.90M
Cash From Financing Activities $300.0M 108.1M 113.0M
Net Change In Cash $151.5M -57.60M 62.50M
YoY Change -13196.46% -315.73% 2876.19%
FREE CASH FLOW
Cash From Operating Activities $146.0M $41.20M $32.40M
Capital Expenditures $17.35M -$207.3M -$86.90M
Free Cash Flow $128.7M $248.5M $119.3M
YoY Change -10.12% 169.82% 190.27%

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0 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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0 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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21000 USD
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11941000 USD
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9815000 USD
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2834000 USD
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34535000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
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1082000 USD
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20731000 USD
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0.40
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0.01
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0.30
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0.39
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0.01
CY2017 us-gaap Earnings Per Share Diluted
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0.30
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85031236 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
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69411061 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
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66877620 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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86349645 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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69663208 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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66877620 shares
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46476000 USD
CY2018 us-gaap Profit Loss
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10897000 USD
CY2017 us-gaap Profit Loss
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23586000 USD
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9530000 USD
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21147000 USD
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171770000 USD
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27954000 USD
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-7430000 USD
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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4918000 USD
CY2017 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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8163000 USD
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13717000 USD
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36117000 USD
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60193000 USD
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-1740000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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59703000 USD
CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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21000 USD
CY2019 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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0 USD
CY2018 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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0 USD
CY2017 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
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-2000 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest
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0 USD
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxNoncontrollingInterest
0 USD
CY2017 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Noncontrolling Interest
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-23000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
0 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
0 USD
CY2017 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-4000 USD
CY2019 us-gaap Preferred Stock Dividends Income Statement Impact
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11941000 USD
CY2018 us-gaap Preferred Stock Dividends Income Statement Impact
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9815000 USD
CY2017 us-gaap Preferred Stock Dividends Income Statement Impact
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2834000 USD
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48252000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-11555000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
56873000 USD
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1355981000 USD
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0 USD
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142427000 USD
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-3787000 USD
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739000 USD
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23586000 USD
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27954000 USD
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8163000 USD
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0 USD
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1414243000 USD
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150922000 USD
CY2018 us-gaap Dividends Common Stock
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147549000 USD
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2649000 USD
CY2018 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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585000 USD
CY2018 us-gaap Profit Loss
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10897000 USD
CY2018 us-gaap Cumulative Translation Adjustment Net Of Tax Period Increase Decrease
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-17555000 USD
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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4918000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1428746000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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6225000 USD
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-76000 USD
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-434000 USD
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-3679000 USD
CY2019 gnl Payments For Derivative Instrument Operating Activities
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1879000 USD
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1926000 USD
CY2017 gnl Payments For Derivative Instrument Operating Activities
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1547000 USD
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-949000 USD
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542000 USD
CY2019 us-gaap Profit Loss
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46476000 USD
CY2019 us-gaap Cumulative Translation Adjustment Net Of Tax Period Increase Decrease
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21147000 USD
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-7430000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1709958000 USD
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ProfitLoss
46476000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
10897000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
23586000 USD
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69257000 USD
CY2018 us-gaap Depreciation
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64849000 USD
CY2017 us-gaap Depreciation
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59385000 USD
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56739000 USD
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54733000 USD
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53663000 USD
CY2019 us-gaap Amortization Of Financing Costs
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6614000 USD
CY2018 us-gaap Amortization Of Financing Costs
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5193000 USD
CY2017 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4420000 USD
CY2019 gnl Amortizationof Below Market Lease Liabilities
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3518000 USD
CY2018 gnl Amortizationof Below Market Lease Liabilities
AmortizationofBelowMarketLeaseLiabilities
3463000 USD
CY2017 gnl Amortizationof Below Market Lease Liabilities
AmortizationofBelowMarketLeaseLiabilities
3364000 USD
CY2019 gnl Amortizationof Above Market Lease Assets
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4328000 USD
CY2018 gnl Amortizationof Above Market Lease Assets
AmortizationofAboveMarketLeaseAssets
4614000 USD
CY2017 gnl Amortizationof Above Market Lease Assets
AmortizationofAboveMarketLeaseAssets
4346000 USD
CY2019 gnl Amortizationof Above Market Ground Lease Assets
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845000 USD
CY2018 gnl Amortizationof Above Market Ground Lease Assets
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979000 USD
CY2017 gnl Amortizationof Above Market Ground Lease Assets
AmortizationofAboveMarketGroundLeaseAssets
948000 USD
CY2019 us-gaap Provision For Doubtful Accounts
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0 USD
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
835000 USD
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1185000 USD
CY2019 us-gaap Straight Line Rent
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6758000 USD
CY2018 us-gaap Straight Line Rent
StraightLineRent
6310000 USD
CY2017 us-gaap Straight Line Rent
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10537000 USD
CY2019 us-gaap Share Based Compensation
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9530000 USD
CY2018 us-gaap Share Based Compensation
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2649000 USD
CY2017 us-gaap Share Based Compensation
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-3787000 USD
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-2919000 USD
CY2018 gnl Unrealized Gain Losson Foreign Currency Transaction Derivativesand Other
UnrealizedGainLossonForeignCurrencyTransactionDerivativesandOther
7127000 USD
CY2017 gnl Unrealized Gain Losson Foreign Currency Transaction Derivativesand Other
UnrealizedGainLossonForeignCurrencyTransactionDerivativesandOther
-10182000 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
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-3897000 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2019 gnl Decreasein Deferred Income Taxes
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-1148000 USD
CY2018 gnl Decreasein Deferred Income Taxes
DecreaseinDeferredIncomeTaxes
-2264000 USD
CY2019 us-gaap Gain Loss On Sale Of Properties
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23616000 USD
CY2018 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-5751000 USD
CY2017 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
1089000 USD
CY2019 gnl Asset Impairment Charges And Related Lease Intangible Writeoffs
AssetImpairmentChargesAndRelatedLeaseIntangibleWriteoffs
6375000 USD
CY2018 gnl Asset Impairment Charges And Related Lease Intangible Writeoffs
AssetImpairmentChargesAndRelatedLeaseIntangibleWriteoffs
5000000 USD
CY2017 gnl Asset Impairment Charges And Related Lease Intangible Writeoffs
AssetImpairmentChargesAndRelatedLeaseIntangibleWriteoffs
0 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
11299000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
463000 USD
CY2017 gnl Decreasein Deferred Income Taxes
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549000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-9730000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
8263000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-593000 USD
CY2019 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
1013000 USD
CY2018 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-2312000 USD
CY2017 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
106000 USD
CY2019 gnl Increasein Deferred Income Taxes
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252000 USD
CY2018 gnl Increasein Deferred Income Taxes
IncreaseinDeferredIncomeTaxes
634000 USD
CY2017 gnl Increasein Deferred Income Taxes
IncreaseinDeferredIncomeTaxes
-1804000 USD
CY2019 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1182000 USD
CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-247000 USD
CY2017 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-6584000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
145999000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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144597000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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130954000 USD
CY2019 us-gaap Payments To Acquire Real Estate
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562733000 USD
CY2018 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
479648000 USD
CY2017 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
98777000 USD
CY2019 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
2795000 USD
CY2018 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
0 USD
CY2017 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
0 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17346000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1454000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3118000 USD
CY2019 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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288398000 USD
CY2018 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
23717000 USD
CY2017 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
12292000 USD
CY2019 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
0 USD
CY2018 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
561000 USD
CY2017 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
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-10625000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-294476000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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-457946000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-78978000 USD
CY2019 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
209995000 USD
CY2018 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
247000000 USD
CY2017 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
647353000 USD
CY2019 us-gaap Repayments Of Lines Of Credit
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375585000 USD
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
21319000 USD
CY2018 us-gaap Repayments Of Lines Of Credit
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177375000 USD
CY2017 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1006949000 USD
CY2019 us-gaap Repayments Of Assumed Debt
RepaymentsOfAssumedDebt
0 USD
CY2018 us-gaap Repayments Of Assumed Debt
RepaymentsOfAssumedDebt
0 USD
CY2017 us-gaap Repayments Of Assumed Debt
RepaymentsOfAssumedDebt
56537000 USD
CY2019 us-gaap Proceeds From Secured Notes Payable
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579285000 USD
CY2018 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
494689000 USD
CY2017 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
187000000 USD
CY2019 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
433555000 USD
CY2018 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
313225000 USD
CY2017 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
21918000 USD
CY2019 us-gaap Payments Of Debt Extinguishment Costs
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137000 USD
CY2018 us-gaap Payments Of Debt Extinguishment Costs
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2398000 USD
CY2017 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
258422000 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
171770000 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
18295000 USD
CY2019 us-gaap Proceeds From Issuance Of Unsecured Debt
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125019000 USD
CY2018 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
60400000 USD
CY2017 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
225000000 USD
CY2019 us-gaap Payments Of Financing Costs
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19065000 USD
CY2018 us-gaap Payments Of Financing Costs
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10601000 USD
CY2017 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
14612000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
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150779000 USD
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
147444000 USD
CY2017 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
142739000 USD
CY2019 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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10727000 USD
CY2018 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
9812000 USD
CY2017 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
383000 USD
CY2019 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
542000 USD
CY2018 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
585000 USD
CY2017 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
739000 USD
CY2019 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
0 USD
CY2018 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
0 USD
CY2017 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
5138000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
300003000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
312192000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-30657000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
151526000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1157000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19068000 USD
CY2019Q4 us-gaap Number Of Real Estate Properties
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278 property
CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2877000 USD
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
CY2017 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9080000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
103693000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
107727000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
77328000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
274287000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
103693000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
107727000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
270302000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
100324000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
102425000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3985000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3369000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5302000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
274287000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
103693000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
107727000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
58323000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
49113000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
43555000 USD
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
5043000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
4350000 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
9437000 USD
CY2019 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
812000 USD
CY2018 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
1499000 USD
CY2017 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
CY2019 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 USD
CY2018 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 USD
CY2017 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
2629000 USD
CY2019Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
31600000 sqft
CY2019Q4 gnl Real Estate Property Occupancy Rate
RealEstatePropertyOccupancyRate
0.996
CY2019 gnl Real Estate Property Weighted Average Remaining Lease Term
RealEstatePropertyWeightedAverageRemainingLeaseTerm
P8Y3M18D
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> </span></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, real estate taxes, income taxes, derivative financial instruments, hedging activities, equity-based compensation expenses related to multi-year outperformance agreements entered into with the Advisor in 2015 (the “2015 OPP”) and 2018 (the “2018 OPP”) and fair value measurements, as applicable.</span></div>
CY2019 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</span></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company has aggregated revenue from its lease components and non-lease components (tenant operating expense reimbursements) into one line (see additional information in the “Recently Issued Accounting Pronouncements” section below). Prior period have been reclassified to conform to this presentation.</span></div>
CY2019 gnl Real Estate Property Weighted Average Remaining Lease Term
RealEstatePropertyWeightedAverageRemainingLeaseTerm
P8Y3M18D
CY2019Q4 us-gaap Incentive To Lessee
IncentiveToLessee
51800000 USD
CY2018Q4 us-gaap Incentive To Lessee
IncentiveToLessee
47200000 USD
CY2019 us-gaap Straight Line Rent
StraightLineRent
6800000 USD
CY2018 us-gaap Straight Line Rent
StraightLineRent
6300000 USD
CY2017 us-gaap Straight Line Rent
StraightLineRent
10500000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
294087000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
295428000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
286725000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
264583000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
225344000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
934179000 USD
CY2019Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2300346000 USD
CY2019Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.32
CY2019Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.12
CY2019Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
0.77
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
275118000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
278651000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
279630000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
270569000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
247237000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
856838000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
2208043000 USD
CY2018Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.27
CY2018Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.14
CY2019 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="line-height:120%;padding-bottom:4px;padding-top:4px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company continually reviews receivables related to rent and unbilled rent receivables and determines collectability by taking into consideration the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. Under the new leasing standard (see the “Recently Issued Accounting Pronouncements” section below), the Company is required to assess, based on credit risk only, if it is probable that we will collect virtually all of the lease payments at lease commencement date and we must continue to reassess collectability periodically thereafter based on new facts and circumstances affecting the credit risk of the tenant. Partial reserves, or the ability to assume partial recovery are no longer permitted. If the Company determines that it is probable it will collect virtually all of the lease payments (rent and common area maintenance), the lease will continue to be accounted for on an accrual basis (i.e. straight-line). However, if the Company determines it is not probable that it will collect virtually all of the lease payments, the lease will be accounted for on a cash basis and a full reserve would be recorded on previously accrued amounts in cases where it was subsequently concluded that collection was not probable. Cost recoveries from tenants are included in Revenue from tenants on the accompanying consolidated statements of operations in the period the related costs are incurred, as applicable. </span></div>Under ASC 842, uncollectible amounts are reflected as reductions in revenue. Under ASC 840, the Company recorded such amounts as bad debt expense as part of property operating expenses.<div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Revenue Recognition</span><span style="font-family:inherit;font-size:10pt;font-style:italic;"> </span></div><div style="line-height:120%;padding-bottom:4px;padding-top:4px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company’s revenues, which are derived primarily from lease contracts, which include rents that each tenant pays in accordance with the terms of each lease reported on a straight-line basis over the initial term of the lease. As of </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, these leases had an average remaining lease term of </span><span style="font-family:inherit;font-size:10pt;"><span>8.3 years</span></span><span style="font-family:inherit;font-size:10pt;">. Because many of the Company’s leases provide for rental increases at specified intervals, straight-line basis accounting requires the Company to record a receivable for, and include in revenue from tenants, unbilled rents receivable that the Company will only receive if the tenant makes all rent payments required through the expiration of the initial term of the lease. As of </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, the Company’s cumulative straight-line rents receivable in the consolidated balance sheets was </span><span style="font-family:inherit;font-size:10pt;"><span>$51.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$47.2 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. For the years ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;">, the Company’s revenue from tenants included impacts of unbilled rental revenue of </span><span style="font-family:inherit;font-size:10pt;"><span>$6.8 million</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$6.3 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$10.5 million</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, to adjust contractual rent to straight-line rent. </span></div>For new leases after acquisition, the commencement date is considered to be the date the lease is executed. The Company defers the revenue related to lease payments received from tenants in advance of their due dates. When the Company acquires a property, the acquisition date is considered to be the commencement date for purposes of this calculation. In addition to base rent, the Company’s lease agreements generally require tenants to pay or reimburse the Company for all property operating expenses, which primarily reflect insurance costs and real estate taxes incurred by the Company and subsequently reimbursed by the tenant. However, some limited property operating expenses that are not the responsibility of the tenant are absorbed by the Company. Under ASC 842, the Company has elected to report combined lease and non-lease components in a single line “Revenue from tenants.” For comparative purposes, the Company has also elected to reflect prior revenue and reimbursements previously reported under ASC 840 on a single line as well. For expenses paid directly by the tenant, under both ASC 842 and 840, the Company has reflected them on a net basis.
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
800000 USD
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1200000 USD
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2019 gnl Numberof Real Estate Properties Heldfor Sale
NumberofRealEstatePropertiesHeldforSale
0 property
CY2018 gnl Numberof Real Estate Properties Heldfor Sale
NumberofRealEstatePropertiesHeldforSale
3 property
CY2019 gnl Buildings Useful Life
BuildingsUsefulLife
P40Y
CY2019 gnl Land Improvements Useful Life
LandImprovementsUsefulLife
P15Y
CY2019 gnl Fixtures Usefullife
FixturesUsefullife
P5Y
CY2019Q4 us-gaap Cash
Cash
270300000 USD
CY2019Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
213700000 USD
CY2019Q4 gnl Cash Uninsured Amount Fscs
CashUninsuredAmountFSCS
25300000 USD
CY2019Q4 gnl Cash Uninsured Amount European Deposit Insurance Companies
CashUninsuredAmountEuropeanDepositInsuranceCompanies
18000000.0 USD
CY2018Q4 us-gaap Cash
Cash
100300000 USD
CY2018Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
14300000 USD
CY2018Q4 gnl Cash Uninsured Amount Fscs
CashUninsuredAmountFSCS
35400000 USD
CY2018Q4 gnl Cash Uninsured Amount European Deposit Insurance Companies
CashUninsuredAmountEuropeanDepositInsuranceCompanies
41800000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4000000.0 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3400000 USD
CY2019 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2019Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
278 property
CY2019 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4700000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2400000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2100000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-400000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3300000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1000000.0 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4300000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2400000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3100000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4300000 USD
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3000000.0 USD
CY2019Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
31600000 sqft
CY2019Q4 gnl Numberof Tenants
NumberofTenants
124 tenant
CY2019Q4 gnl Real Estate Property Occupancy Rate
RealEstatePropertyOccupancyRate
0.996
CY2019Q1 gnl Lessee Operating Lease Numberof Contracts
LesseeOperatingLeaseNumberofContracts
7 property
CY2019 gnl Business Acquisition Purchase Price Allocation Land Acquired In Period
BusinessAcquisitionPurchasePriceAllocationLandAcquiredInPeriod
43259000 USD
CY2018 gnl Business Acquisition Purchase Price Allocation Land Acquired In Period
BusinessAcquisitionPurchasePriceAllocationLandAcquiredInPeriod
34291000 USD
CY2017 gnl Business Acquisition Purchase Price Allocation Land Acquired In Period
BusinessAcquisitionPurchasePriceAllocationLandAcquiredInPeriod
18410000 USD
CY2019 gnl Business Acquisition Purchase Price Allocation Buildings Fixtures And Improvements Acquired In Period
BusinessAcquisitionPurchasePriceAllocationBuildingsFixturesAndImprovementsAcquiredInPeriod
449745000 USD
CY2018 gnl Business Acquisition Purchase Price Allocation Buildings Fixtures And Improvements Acquired In Period
BusinessAcquisitionPurchasePriceAllocationBuildingsFixturesAndImprovementsAcquiredInPeriod
384603000 USD
CY2017 gnl Business Acquisition Purchase Price Allocation Buildings Fixtures And Improvements Acquired In Period
BusinessAcquisitionPurchasePriceAllocationBuildingsFixturesAndImprovementsAcquiredInPeriod
66704000 USD
CY2019 gnl Business Acquisition Purchase Price Allocation Tangible Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationTangibleAssetsAcquiredInPeriod
493004000 USD
CY2018 gnl Business Acquisition Purchase Price Allocation Tangible Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationTangibleAssetsAcquiredInPeriod
418894000 USD
CY2017 gnl Business Acquisition Purchase Price Allocation Tangible Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationTangibleAssetsAcquiredInPeriod
85114000 USD
CY2019 gnl Business Acquisition Cost Of Acquired Entity Cash Paid In Period
BusinessAcquisitionCostOfAcquiredEntityCashPaidInPeriod
562733000 USD
CY2018 gnl Business Acquisition Cost Of Acquired Entity Cash Paid In Period
BusinessAcquisitionCostOfAcquiredEntityCashPaidInPeriod
479648000 USD
CY2017 gnl Business Acquisition Cost Of Acquired Entity Cash Paid In Period
BusinessAcquisitionCostOfAcquiredEntityCashPaidInPeriod
98777000 USD
CY2019 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
39 property
CY2018 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
23 property
CY2017 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
12 property
CY2019Q4 gnl Numberof Real Estate Properties Sold
NumberofRealEstatePropertiesSold
2 property
CY2019Q4 gnl Numberof Real Estate Properties Sold
NumberofRealEstatePropertiesSold
2 property
CY2019Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
6400000 USD
CY2018 gnl Propertiesin Financial Difficulties
PropertiesinFinancialDifficulties
6 property
CY2018 gnl Number Of Properties Terminated Leases
NumberOfPropertiesTerminatedLeases
4 property
CY2018 gnl Properties In Financial Difficulties Continuing To Operate
PropertiesInFinancialDifficultiesContinuingToOperate
2 property
CY2018 gnl Number Of Properties Terminated Leases
NumberOfPropertiesTerminatedLeases
4 property
CY2018 gnl Propertiesin Financial Difficulties Released
PropertiesinFinancialDifficultiesReleased
2 property
CY2018 gnl Propertiesin Financial Difficulties Sold
PropertiesinFinancialDifficultiesSold
2 property
CY2018 gnl Propertiesin Financial Difficulties Impaired
PropertiesinFinancialDifficultiesImpaired
1 property
CY2018 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1600000 USD
CY2018 gnl Number Of Properties Terminated Leases
NumberOfPropertiesTerminatedLeases
4 property
CY2018 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
3400000 USD
CY2019 gnl Numberof Real Estate Properties Heldfor Sale
NumberofRealEstatePropertiesHeldforSale
0 property
CY2018 gnl Numberof Real Estate Properties Heldfor Sale
NumberofRealEstatePropertiesHeldforSale
3 property
CY2018Q4 us-gaap Land Available For Sale
LandAvailableForSale
19250000 USD
CY2018Q4 gnl Building And Building Improvements Heldforsale
BuildingAndBuildingImprovementsHeldforsale
104221000 USD
CY2018Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
123471000 USD
CY2018Q4 gnl Assets Heldforsale Accumulated Depreciation
AssetsHeldforsaleAccumulatedDepreciation
10569000 USD
CY2018Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
112902000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
651768000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
250401000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
401367000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
675551000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
217748000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
457803000 USD
CY2019Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
42413000 USD
CY2019Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
11884000 USD
CY2019Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
30529000 USD
CY2018Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
43708000 USD
CY2018Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
9857000 USD
CY2018Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
33851000 USD
CY2019Q4 gnl Above Market Lease Gross
AboveMarketLeaseGross
0 USD
CY2019Q4 gnl Above Market Lease Accumulated Amortization
AboveMarketLeaseAccumulatedAmortization
0 USD
CY2019Q4 gnl Above Market Lease Net
AboveMarketLeaseNet
0 USD
CY2018Q4 gnl Above Market Lease Gross
AboveMarketLeaseGross
2108000 USD
CY2018Q4 gnl Above Market Lease Accumulated Amortization
AboveMarketLeaseAccumulatedAmortization
202000 USD
CY2018Q4 gnl Above Market Lease Net
AboveMarketLeaseNet
1906000 USD
CY2019Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
42413000 USD
CY2019Q4 gnl Offmarket Lease Unfavorable Accumulated Amortization
OffmarketLeaseUnfavorableAccumulatedAmortization
11884000 USD
CY2019Q4 gnl Off Market Leases Unfavorable Net Of Accumulated Amortization
OffMarketLeasesUnfavorableNetOfAccumulatedAmortization
30529000 USD
CY2018Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
45816000 USD
CY2018Q4 gnl Offmarket Lease Unfavorable Accumulated Amortization
OffmarketLeaseUnfavorableAccumulatedAmortization
10059000 USD
CY2018Q4 gnl Off Market Leases Unfavorable Net Of Accumulated Amortization
OffMarketLeasesUnfavorableNetOfAccumulatedAmortization
35757000 USD
CY2019Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.32
CY2019Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.12
CY2019Q4 gnl Real Estateand Accumulated Depreciation Unencumbered Assets
RealEstateandAccumulatedDepreciationUnencumberedAssets
1500000000 USD
CY2017Q4 gnl Number Of Subsidiaries
NumberOfSubsidiaries
12 subsidiary
CY2019Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.32
CY2019Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.12
CY2018Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.27
CY2018Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.14
CY2019Q2 gnl Debt Instrument Maximum Distribution Percentageof Ffo
DebtInstrumentMaximumDistributionPercentageofFFO
0.95
CY2019Q2 gnl Debt Instrument Maximum Distribution Under Exemption Percentage Of Ffo
DebtInstrumentMaximumDistributionUnderExemptionPercentageOfFFO
1
CY2019Q2 gnl Debt Instrument Maximum Distribution Under Exemption Percentage Of Ffo
DebtInstrumentMaximumDistributionUnderExemptionPercentageOfFFO
1
CY2019Q2 gnl Debt Instrument Maximum Distribution Under Exemption Percentage Of Affo
DebtInstrumentMaximumDistributionUnderExemptionPercentageOfAFFO
1.05
CY2019Q1 gnl Debt Instrument Maximum Distribution Percentageof Ffo
DebtInstrumentMaximumDistributionPercentageofFFO
0.95
CY2019Q1 gnl Debt Instrument Maximum Distribution Under Exemption Percentage Of Ffo
DebtInstrumentMaximumDistributionUnderExemptionPercentageOfFFO
1
CY2017 us-gaap Interest Expense
InterestExpense
48450000 USD
CY2018 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
-400000 USD
CY2017 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
200000 USD
CY2019 us-gaap Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
100000 USD
CY2018 us-gaap Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
100000 USD
CY2017 us-gaap Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
1100000 USD
CY2019 us-gaap Interest Expense
InterestExpense
64199000 USD
CY2018 us-gaap Interest Expense
InterestExpense
57973000 USD
CY2017 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Ineffectiveness
GainLossOnForeignCurrencyFairValueHedgeIneffectiveness
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1.32
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1371000 USD
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1371000 USD
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1371000 USD
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1371000 USD
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1.27
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1.14
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P60D
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P12M
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P60D
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1
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P180D
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30300000 USD
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34535000 USD
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33875000 USD
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393000 USD
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19989000 USD
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2655144000 USD
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CY2019Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
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41906000 USD
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266722000 USD
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651800000 USD
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3800000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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250400000 USD
CY2019 gnl Buildings Useful Life
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P40Y
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P15Y
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P5Y
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2745348000 USD
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RealEstateGrossAtCarryingValue
2543052000 USD
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2344634000 USD
CY2019 gnl Sec Schedule Iii Real Estate Investment Propertyat Cost Acquisitionsand Improvements
SECScheduleIIIRealEstateInvestmentPropertyatCostAcquisitionsandImprovements
511378000 USD
CY2018 gnl Sec Schedule Iii Real Estate Investment Propertyat Cost Acquisitionsand Improvements
SECScheduleIIIRealEstateInvestmentPropertyatCostAcquisitionsandImprovements
420529000 USD
CY2017 gnl Sec Schedule Iii Real Estate Investment Propertyat Cost Acquisitionsand Improvements
SECScheduleIIIRealEstateInvestmentPropertyatCostAcquisitionsandImprovements
88231000 USD
CY2019 gnl Sec Schedule Iii Real Estate Remeasurement Adjustments
SECScheduleIIIRealEstateRemeasurementAdjustments
0 USD
CY2018 gnl Sec Schedule Iii Real Estate Remeasurement Adjustments
SECScheduleIIIRealEstateRemeasurementAdjustments
0 USD
CY2017 gnl Sec Schedule Iii Real Estate Remeasurement Adjustments
SECScheduleIIIRealEstateRemeasurementAdjustments
-8559000 USD
CY2019 us-gaap Real Estate Cost Of Real Estate Sold
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143004000 USD
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RealEstateCostOfRealEstateSold
32110000 USD
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RealEstateCostOfRealEstateSold
0 USD
CY2019 gnl Sec Schedule1228 Real Estate Companies Investment In Real Estate Transfer To Assets Heldforsale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateTransferToAssetsHeldforsale
0 USD
CY2017 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
0 USD
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123021000 USD
CY2017 gnl Sec Schedule1228 Real Estate Companies Investment In Real Estate Transfer To Assets Heldforsale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateTransferToAssetsHeldforsale
0 USD
CY2019 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
6299000 USD
CY2018 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
1603000 USD
CY2019 gnl Schedule Iii Currencytranslationadjustment Realestateinvestmentsatcost
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4073000 USD
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133891000 USD
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RealEstateGrossAtCarryingValue
3111496000 USD
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RealEstateGrossAtCarryingValue
2745348000 USD
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RealEstateGrossAtCarryingValue
2543052000 USD
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RealEstateAccumulatedDepreciation
220225000 USD
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RealEstateAccumulatedDepreciation
174452000 USD
CY2016Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
111321000 USD
CY2019 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
69257000 USD
CY2018 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
64849000 USD
CY2017 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
59385000 USD
CY2019 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
22821000 USD
CY2018 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
3861000 USD
CY2017 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
2122000 USD
CY2019 gnl Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Transfer To Assets Heldforsale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationTransferToAssetsHeldforsale
0 USD
CY2018 gnl Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Transfer To Assets Heldforsale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationTransferToAssetsHeldforsale
10633000 USD
CY2017 gnl Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Transfer To Assets Heldforsale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationTransferToAssetsHeldforsale
0 USD
CY2019 gnl Schedule Iii Currency Translation Adjustment Accumulateddepreciationandamortization
ScheduleIIICurrencyTranslationAdjustmentAccumulateddepreciationandamortization
61000 USD
CY2018 gnl Schedule Iii Currency Translation Adjustment Accumulateddepreciationandamortization
ScheduleIIICurrencyTranslationAdjustmentAccumulateddepreciationandamortization
-4582000 USD
CY2017 gnl Schedule Iii Currency Translation Adjustment Accumulateddepreciationandamortization
ScheduleIIICurrencyTranslationAdjustmentAccumulateddepreciationandamortization
5868000 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
266722000 USD
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
220225000 USD
CY2017Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
174452000 USD

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