2020 Q4 Form 10-K Financial Statement

#000152611321000007 Filed on February 26, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019 Q3
Revenue $87.04M $76.69M $77.94M
YoY Change 13.51% 7.66% 8.37%
Cost Of Revenue $18.83M $14.57M $8.220M
YoY Change 29.24% -3.25% 18.17%
Gross Profit $68.21M $62.12M $69.72M
YoY Change 9.8% 10.59% 7.32%
Gross Profit Margin 78.36% 81.01% 89.45%
Selling, General & Admin $6.840M $3.830M $5.750M
YoY Change 78.59% -5.9% 9.11%
% of Gross Profit 10.03% 6.17% 8.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.00M $32.00M $31.60M
YoY Change 12.5% 7.02% 4.29%
% of Gross Profit 52.78% 51.51% 45.32%
Operating Expenses $42.81M $35.81M $60.36M
YoY Change 19.55% 4.89% 19.4%
Operating Profit $25.40M $26.31M $24.56M
YoY Change -3.46% 19.43% 26.34%
Interest Expense -$27.90M -$21.10M $16.15M
YoY Change 32.23% 62.56% 6.95%
% of Operating Profit -109.84% -80.2% 65.78%
Other Income/Expense, Net $30.00K $200.0K -$13.68M
YoY Change -85.0% -322.22% -15.97%
Pretax Income -$6.040M $14.58M $10.88M
YoY Change -141.43% -412.88% 244.12%
Income Tax $2.460M $1.650M $940.0K
% Of Pretax Income 11.32% 8.64%
Net Earnings -$8.500M $12.93M $9.941M
YoY Change -165.74% -401.4% 277.7%
Net Earnings / Revenue -9.77% 16.86% 12.75%
Basic Earnings Per Share
Diluted Earnings Per Share -$94.99K $140.6K $115.3K
COMMON SHARES
Basic Shares Outstanding 89.48M shares 89.46M shares 85.25M shares
Diluted Shares Outstanding 89.48M shares 90.78M shares 86.20M shares

Balance Sheet

Concept 2020 Q4 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $124.2M $270.3M $306.0M
YoY Change -54.05% 169.49% 97.16%
Cash & Equivalents $124.2M $270.3M $306.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $185.6M $322.4M $357.2M
YoY Change -42.43% 118.58% 77.36%
LONG-TERM ASSETS
Property, Plant & Equipment $3.702B $3.296B $3.051B
YoY Change 12.31% 10.51% 3.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.70M $19.40M $129.7M
YoY Change -39.69% -84.59% 1037.72%
Total Long-Term Assets $3.781B $3.379B $3.251B
YoY Change 11.9% 6.87% 7.82%
TOTAL ASSETS
Total Short-Term Assets $185.6M $322.4M $357.2M
Total Long-Term Assets $3.781B $3.379B $3.251B
Total Assets $3.967B $3.702B $3.609B
YoY Change 7.17% 11.85% 12.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.30M $22.90M $20.70M
YoY Change 23.58% -27.3% -21.59%
Accrued Expenses $25.40M $24.00M $23.50M
YoY Change 5.83%
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 $60.90M $52.30M $47.90M
YoY Change 16.44% 40.59% 56.03%
LONG-TERM LIABILITIES
Long-Term Debt $2.265B $1.869B $1.858B
YoY Change 21.2% 5.46% 8.5%
Other Long-Term Liabilities $74.40M $55.30M $62.50M
YoY Change 34.54% -1.07% 19.27%
Total Long-Term Liabilities $2.340B $1.924B $1.921B
YoY Change 21.58% 5.26% 8.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $60.90M $52.30M $47.90M
Total Long-Term Liabilities $2.340B $1.924B $1.921B
Total Liabilities $2.413B $1.992B $1.983B
YoY Change 21.14% 5.9% 9.5%
SHAREHOLDERS EQUITY
Retained Earnings -$896.5M -$733.2M -$694.7M
YoY Change 22.27% 19.14% 22.0%
Common Stock $2.227M $2.225M $2.225M
YoY Change 0.09% 6.41% 8.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.533B $1.698B $1.615B
YoY Change
Total Liabilities & Shareholders Equity $3.967B $3.702B $3.609B
YoY Change 7.17% 11.85% 12.17%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income -$8.500M $12.93M $9.941M
YoY Change -165.74% -401.4% 277.7%
Depreciation, Depletion And Amortization $36.00M $32.00M $31.60M
YoY Change 12.5% 7.02% 4.29%
Cash From Operating Activities $40.60M $48.20M $26.60M
YoY Change -15.77% 16.99% -17.9%
INVESTING ACTIVITIES
Capital Expenditures -$296.1M -$257.4M -$99.60M
YoY Change 15.03% 24.17% 14.61%
Acquisitions
YoY Change
Other Investing Activities $4.000M $145.1M $52.90M
YoY Change -97.24% 28920.0% 1256.41%
Cash From Investing Activities -$292.1M -$112.3M -$46.70M
YoY Change 160.11% -45.72% -43.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 71.30M 3.900M 143.0M
YoY Change 1728.21% -96.39% 26.55%
NET CHANGE
Cash From Operating Activities 40.60M 48.20M 26.60M
Cash From Investing Activities -292.1M -112.3M -46.70M
Cash From Financing Activities 71.30M 3.900M 143.0M
Net Change In Cash -180.2M -60.20M 122.9M
YoY Change 199.34% 4.51% 96.64%
FREE CASH FLOW
Cash From Operating Activities $40.60M $48.20M $26.60M
Capital Expenditures -$296.1M -$257.4M -$99.60M
Free Cash Flow $336.7M $305.6M $126.2M
YoY Change 10.18% 22.98% 5.78%

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34535000 USD
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1082000 USD
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0.01
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CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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21147000 USD
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CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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4918000 USD
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13717000 USD
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CY2019 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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60193000 USD
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CY2020 us-gaap Preferred Stock Dividends Income Statement Impact
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18553000 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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CY2019 us-gaap Comprehensive Income Net Of Tax
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48252000 USD
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2.13
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147549000 USD
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2649000 USD
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585000 USD
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10897000 USD
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4918000 USD
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2.13
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9530000 USD
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542000 USD
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46476000 USD
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21147000 USD
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1.73
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10065000 USD
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441000 USD
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10778000 USD
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1554279000 USD
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10778000 USD
CY2019 us-gaap Profit Loss
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46476000 USD
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10897000 USD
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69257000 USD
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64849000 USD
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58077000 USD
CY2019 us-gaap Amortization Of Intangible Assets
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56739000 USD
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54733000 USD
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7809000 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
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3444000 USD
CY2019 gnl Amortizationof Below Market Lease Liabilities
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3518000 USD
CY2018 gnl Amortizationof Below Market Lease Liabilities
AmortizationofBelowMarketLeaseLiabilities
3463000 USD
CY2020 gnl Amortizationof Above Market Lease Assets
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3372000 USD
CY2019 gnl Amortizationof Above Market Lease Assets
AmortizationofAboveMarketLeaseAssets
4328000 USD
CY2018 gnl Amortizationof Above Market Lease Assets
AmortizationofAboveMarketLeaseAssets
4614000 USD
CY2020 gnl Amortizationof Above Market Ground Lease Assets
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863000 USD
CY2019 gnl Amortizationof Above Market Ground Lease Assets
AmortizationofAboveMarketGroundLeaseAssets
845000 USD
CY2018 gnl Amortizationof Above Market Ground Lease Assets
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979000 USD
CY2020 us-gaap Amortization Of Lease Incentives
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341000 USD
CY2019 us-gaap Amortization Of Lease Incentives
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0 USD
CY2018 us-gaap Amortization Of Lease Incentives
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0 USD
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0 USD
CY2019 us-gaap Provision For Doubtful Accounts
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0 USD
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835000 USD
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6758000 USD
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6310000 USD
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CY2019 us-gaap Share Based Compensation
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9530000 USD
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2649000 USD
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-6752000 USD
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UnrealizedGainLossonForeignCurrencyTransactionDerivativesandOther
-2919000 USD
CY2018 gnl Unrealized Gain Losson Foreign Currency Transaction Derivativesand Other
UnrealizedGainLossonForeignCurrencyTransactionDerivativesandOther
7127000 USD
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-6039000 USD
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-76000 USD
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0 USD
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1879000 USD
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1926000 USD
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-3601000 USD
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
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-153000 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
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-5751000 USD
CY2020 gnl Lease Incentive Payment
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4676000 USD
CY2019 gnl Lease Incentive Payment
LeaseIncentivePayment
0 USD
CY2018 gnl Lease Incentive Payment
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0 USD
CY2020 gnl Asset Impairment Charges And Related Lease Intangible Writeoffs
AssetImpairmentChargesAndRelatedLeaseIntangibleWriteoffs
0 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
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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6275000 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
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2074000 USD
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CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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8399000 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
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8263000 USD
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4245000 USD
CY2019 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
1013000 USD
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2818000 USD
CY2019 gnl Increasein Deferred Income Taxes
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252000 USD
CY2018 gnl Increasein Deferred Income Taxes
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634000 USD
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-1046000 USD
CY2019 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1182000 USD
CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
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-247000 USD
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176851000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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145999000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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144597000 USD
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464144000 USD
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562733000 USD
CY2018 us-gaap Payments To Acquire Other Real Estate
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479648000 USD
CY2020 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
0 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
CY2020 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
6383000 USD
CY2019 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
17346000 USD
CY2018 us-gaap Payments To Acquire Other Property Plant And Equipment
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1454000 USD
CY2020 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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0 USD
CY2019 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
288398000 USD
CY2018 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
23717000 USD
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0 USD
CY2019 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
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0 USD
CY2018 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
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561000 USD
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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338112000 USD
CY2019 us-gaap Proceeds From Lines Of Credit
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209995000 USD
CY2018 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
247000000 USD
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428715000 USD
CY2019 us-gaap Repayments Of Lines Of Credit
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375585000 USD
CY2018 us-gaap Repayments Of Lines Of Credit
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177375000 USD
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163607000 USD
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ProceedsFromSecuredNotesPayable
579285000 USD
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494689000 USD
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117586000 USD
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433555000 USD
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313225000 USD
CY2020 us-gaap Proceeds From Issuance Of Unsecured Debt
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0 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
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60400000 USD
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136702000 USD
CY2019 us-gaap Repayments Of Unsecured Debt
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0 USD
CY2018 us-gaap Repayments Of Unsecured Debt
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0 USD
CY2020 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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500000000 USD
CY2019 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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0 USD
CY2018 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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0 USD
CY2020 us-gaap Payments Of Debt Extinguishment Costs
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548000 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
CY2020 us-gaap Payments Of Stock Issuance Costs
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345000 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
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258422000 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
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171770000 USD
CY2020 us-gaap Payments Of Financing Costs
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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
CY2020 us-gaap Payments Of Dividends Common Stock
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155059000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
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150779000 USD
CY2018 us-gaap Payments Of Dividends Common Stock
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147444000 USD
CY2020 us-gaap Payments Of Dividends Minority Interest
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441000 USD
CY2019 us-gaap Payments Of Dividends Minority Interest
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542000 USD
CY2018 us-gaap Payments Of Dividends Minority Interest
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585000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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140680000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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300003000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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312192000 USD
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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151526000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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4402000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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19068000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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274287000 USD
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
103693000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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107727000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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125693000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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274287000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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103693000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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270302000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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125693000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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274287000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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103693000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
66861000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
58323000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
49113000 USD
CY2020 us-gaap Income Taxes Paid
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5460000 USD
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
5043000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
4350000 USD
CY2020 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
3053000 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
CY2020Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
306 property
CY2020Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
37200000 sqft
CY2020Q4 gnl Real Estate Property Occupancy Rate
RealEstatePropertyOccupancyRate
0.997
CY2020 gnl Real Estate Property Weighted Average Remaining Lease Term
RealEstatePropertyWeightedAverageRemainingLeaseTerm
P8Y6M
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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, 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>
CY2020 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Revenue Recognition</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 December 31, 2020, these leases had a weighted-average remaining lease term of 8.5 years. 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 December 31, 2020 and 2019, the Company’s cumulative straight-line rents receivable in the consolidated balance sheets was $61.0 million and $51.8 million, respectively. For the years ended December 31, 2020, 2019 and 2018, the Company’s revenue from tenants included impacts of unbilled rental revenue of $7.9 million, $6.8 million and $6.3 million, respectively, to adjust contractual rent to straight-line rent. </span></div>For new leases after acquisition of a property, the commencement date is considered to be the date the lease is executed and the tenant has access to the space. 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 for all leases in place at the time of acquisition. 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 expenses paid directly by the tenant, under both ASC 842 and 840, the Company has reflected them on a net basis. 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 credit worthiness and 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 lease accounting rules, the Company is required to assess, based on credit risk only, if it is probable that it will collect virtually all of the lease payments at the lease commencement date and it 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 the straight-line rent receivable would be written off 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.Under ASC 842, uncollectible amounts are reflected as reductions in revenue from tenants. Under ASC 840, the Company recorded such amounts as bad debt expense as part of property operating expenses.
CY2020 gnl Real Estate Property Weighted Average Remaining Lease Term
RealEstatePropertyWeightedAverageRemainingLeaseTerm
P8Y6M
CY2020Q4 us-gaap Incentive To Lessee
IncentiveToLessee
61000000.0 USD
CY2019Q4 us-gaap Incentive To Lessee
IncentiveToLessee
51800000 USD
CY2020 us-gaap Straight Line Rent
StraightLineRent
7900000 USD
CY2019 us-gaap Straight Line Rent
StraightLineRent
6800000 USD
CY2018 us-gaap Straight Line Rent
StraightLineRent
6300000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
334858000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
324706000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
303737000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
267943000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
226047000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
1083950000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2541241000 USD
CY2020Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.37
CY2020Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.23
CY2020Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
0.78
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
800000 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2020 gnl Number Of Real Estate Properties Discontinued Operations
NumberOfRealEstatePropertiesDiscontinuedOperations
0 property
CY2019 gnl Number Of Real Estate Properties Discontinued Operations
NumberOfRealEstatePropertiesDiscontinuedOperations
0 property
CY2020 gnl Numberof Real Estate Properties Heldfor Sale
NumberofRealEstatePropertiesHeldforSale
0 property
CY2019 gnl Numberof Real Estate Properties Heldfor Sale
NumberofRealEstatePropertiesHeldforSale
0 property
CY2020Q4 gnl Cash Uninsured Amount Fscs
CashUninsuredAmountFSCS
35800000 USD
CY2020Q4 gnl Cash Uninsured Amount European Deposit Insurance Companies
CashUninsuredAmountEuropeanDepositInsuranceCompanies
35400000 USD
CY2020 gnl Buildings Useful Life
BuildingsUsefulLife
P40Y
CY2020 gnl Land Improvements Useful Life
LandImprovementsUsefulLife
P15Y
CY2020 gnl Fixtures Usefullife
FixturesUsefullife
P5Y
CY2020Q4 us-gaap Cash
Cash
124200000 USD
CY2020Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
41700000 USD
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
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1400000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4000000.0 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
6900000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4700000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2400000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2000000.0 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-400000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3300000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5000000.0 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4300000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2400000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
46600000 USD
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4300000 USD
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2020Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
306 property
CY2020Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
37200000 sqft
CY2020Q4 gnl Numberof Tenants
NumberofTenants
130 tenant
CY2020Q4 gnl Real Estate Property Occupancy Rate
RealEstatePropertyOccupancyRate
0.997
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2019Q1 gnl Lessee Operating Lease Numberof Contracts
LesseeOperatingLeaseNumberofContracts
7 property
CY2020 gnl Business Acquisition Purchase Price Allocation Land Acquired In Period
BusinessAcquisitionPurchasePriceAllocationLandAcquiredInPeriod
53701000 USD
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
CY2020 gnl Business Acquisition Purchase Price Allocation Buildings Fixtures And Improvements Acquired In Period
BusinessAcquisitionPurchasePriceAllocationBuildingsFixturesAndImprovementsAcquiredInPeriod
364511000 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
CY2020 gnl Business Acquisition Purchase Price Allocation Tangible Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationTangibleAssetsAcquiredInPeriod
418212000 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
CY2020 gnl Business Acquisition Purchase Price Allocation Intangible Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationIntangibleAssetsAcquiredInPeriod
40910000 USD
CY2019 gnl Business Acquisition Purchase Price Allocation Intangible Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationIntangibleAssetsAcquiredInPeriod
69729000 USD
CY2018 gnl Business Acquisition Purchase Price Allocation Intangible Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationIntangibleAssetsAcquiredInPeriod
60754000 USD
CY2020 gnl Business Acquisition Purchase Price Allocation Right Of Use Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationRightOfUseAssetsAcquiredInPeriod
5022000 USD
CY2019 gnl Business Acquisition Purchase Price Allocation Right Of Use Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationRightOfUseAssetsAcquiredInPeriod
0 USD
CY2018 gnl Business Acquisition Purchase Price Allocation Right Of Use Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationRightOfUseAssetsAcquiredInPeriod
0 USD
CY2020 gnl Business Acquisition Cost Of Acquired Entity Cash Paid In Period
BusinessAcquisitionCostOfAcquiredEntityCashPaidInPeriod
464144000 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
CY2020 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
28 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
CY2019 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
39 property
CY2018 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
23 property
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
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
CY2020Q4 gnl Off Market Leases Unfavorable Net Of Accumulated Amortization
OffMarketLeasesUnfavorableNetOfAccumulatedAmortization
32970000 USD
CY2018 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
3400000 USD
CY2020 gnl Numberof Real Estate Properties Heldfor Sale
NumberofRealEstatePropertiesHeldforSale
0 property
CY2019 gnl Numberof Real Estate Properties Heldfor Sale
NumberofRealEstatePropertiesHeldforSale
0 property
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
711985000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
319346000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
392639000 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
CY2020Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
49154000 USD
CY2020Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
16184000 USD
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
32970000 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
CY2020Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
49154000 USD
CY2020Q4 gnl Offmarket Lease Unfavorable Accumulated Amortization
OffmarketLeaseUnfavorableAccumulatedAmortization
16184000 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
CY2020Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.37
CY2020Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.23
CY2020Q4 gnl Debt Instrument Covenant Loan To Value Ratio Required
DebtInstrumentCovenantLoanToValueRatioRequired
0.55
CY2020Q4 gnl Real Estateand Accumulated Depreciation Unencumbered Assets
RealEstateandAccumulatedDepreciationUnencumberedAssets
1800000000 USD
CY2018 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
-400000 USD
CY2020Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.37
CY2020Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.23
CY2019Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.32
CY2019Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.12
CY2019Q3 gnl Debt Instrument Maximum Distribution Under Exemption Percentage Of Ffo
DebtInstrumentMaximumDistributionUnderExemptionPercentageOfFFO
1
CY2019Q3 gnl Debt Instrument Maximum Distribution Under Exemption Percentage Of Affo
DebtInstrumentMaximumDistributionUnderExemptionPercentageOfAFFO
1.05
CY2020Q2 gnl Debt Instrument Maximum Distribution Percentageof Ffo
DebtInstrumentMaximumDistributionPercentageofFFO
1
CY2020Q2 gnl Debt Instrument Maximum Distribution Under Exemption Percentage Of Ffo
DebtInstrumentMaximumDistributionUnderExemptionPercentageOfFFO
1.05
CY2020 us-gaap Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
300000 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
CY2020 us-gaap Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
300000 USD
CY2020 us-gaap Interest Expense
InterestExpense
71804000 USD
CY2019 us-gaap Interest Expense
InterestExpense
64199000 USD
CY2018 us-gaap Interest Expense
InterestExpense
57973000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax
-6000000.0 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax
0 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax
0 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
525000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
19984000 USD
CY2020Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2020Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
-19459000 USD
CY2020Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 USD
CY2020Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2020Q4 us-gaap Derivative Fair Value Amount Offset Against Collateral Net
DerivativeFairValueAmountOffsetAgainstCollateralNet
-19459000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
4151000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
7507000 USD
CY2018 gnl Income Tax Distribution Percent
IncomeTaxDistributionPercent
1.000
CY2019Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2019Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
-3356000 USD
CY2019Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 USD
CY2019Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2019Q4 us-gaap Derivative Fair Value Amount Offset Against Collateral Net
DerivativeFairValueAmountOffsetAgainstCollateralNet
-3356000 USD
CY2020Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
21200000 USD
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
89614601 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
89458752 shares
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000 shares
CY2020Q1 gnl Common Stock Dividend Rate Per Share
CommonStockDividendRatePerShare
2.13
CY2020Q1 gnl Common Stock Monthly Dividend Rate Per Share
CommonStockMonthlyDividendRatePerShare
0.5325
CY2020Q1 gnl Common Stock Dividend Rate Per Share
CommonStockDividendRatePerShare
1.60
CY2020Q1 gnl Common Stock Monthly Dividend Rate Per Share
CommonStockMonthlyDividendRatePerShare
0.40
CY2020 gnl Income Tax Distribution Capital Distribution
IncomeTaxDistributionCapitalDistribution
1.34
CY2020 gnl Income Tax Distribution Percent Capital Distribution Portion
IncomeTaxDistributionPercentCapitalDistributionPortion
0.775
CY2019 gnl Income Tax Distribution Capital Distribution
IncomeTaxDistributionCapitalDistribution
1.23
CY2019 gnl Income Tax Distribution Percent Capital Distribution Portion
IncomeTaxDistributionPercentCapitalDistributionPortion
0.691
CY2018 gnl Income Tax Distribution Capital Distribution
IncomeTaxDistributionCapitalDistribution
1.57
CY2018 gnl Income Tax Distribution Percent Capital Distribution Portion
IncomeTaxDistributionPercentCapitalDistributionPortion
0.737
CY2020 gnl Income Tax Distribution Ordinary Dividends Portion
IncomeTaxDistributionOrdinaryDividendsPortion
0.39
CY2020 gnl Income Tax Distribution Percent Ordinary Dividends Portion
IncomeTaxDistributionPercentOrdinaryDividendsPortion
0.225
CY2019 gnl Income Tax Distribution Ordinary Dividends Portion
IncomeTaxDistributionOrdinaryDividendsPortion
0.55
CY2019 gnl Income Tax Distribution Percent Ordinary Dividends Portion
IncomeTaxDistributionPercentOrdinaryDividendsPortion
0.309
CY2018 gnl Income Tax Distribution Ordinary Dividends Portion
IncomeTaxDistributionOrdinaryDividendsPortion
0.56
CY2018 gnl Income Tax Distribution Percent Ordinary Dividends Portion
IncomeTaxDistributionPercentOrdinaryDividendsPortion
0.263
CY2020 gnl Income Tax Distribution
IncomeTaxDistribution
1.73
CY2020 gnl Income Tax Distribution Percent
IncomeTaxDistributionPercent
1.000
CY2019 gnl Income Tax Distribution
IncomeTaxDistribution
1.78
CY2019 gnl Income Tax Distribution Percent
IncomeTaxDistributionPercent
1.000
CY2018 gnl Income Tax Distribution
IncomeTaxDistribution
2.13
CY2020Q4 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
9 property
CY2020 gnl Number Of Properties Acquired Subject To Ground Leases
NumberOfPropertiesAcquiredSubjectToGroundLeases
1 property
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
58400000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
50200000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
25400000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
24000000.0 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P32Y
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0433
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
1500000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
1400000 USD
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
1400000 USD
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
1300000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1300000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1510000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1510000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1510000 USD
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LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1514000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1519000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
42217000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
49780000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
24430000 USD
CY2020Q4 us-gaap Operating Lease Liability
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25350000 USD
CY2020Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.37
CY2020Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.23
CY2018Q4 us-gaap Litigation Reserve
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CY2017Q4 gnl Number Of Real Estate Properties No Longer Subject To Oversight Fee
NumberOfRealEstatePropertiesNoLongerSubjectToOversightFee
39 property
CY2019Q1 gnl Propertyand Management Leasing Agreement Successive Terms
PropertyandManagementLeasingAgreementSuccessiveTerms
P1Y
CY2019Q1 gnl Propertyand Management Leasing Agreement Termination Notification Term
PropertyandManagementLeasingAgreementTerminationNotificationTerm
P12M
CY2020 gnl Property Manager Termination Notice
PropertyManagerTerminationNotice
P60D
CY2020Q4 gnl Related Party Transaction Gain Of Sale Of Investment Exceeding Loss Percentage
RelatedPartyTransactionGainOfSaleOfInvestmentExceedingLossPercentage
0.15
CY2020 gnl Related Party Transaction Periodto Reinvest Proceeds
RelatedPartyTransactionPeriodtoReinvestProceeds
P180D
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
34535000 USD
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NetIncomeLossAvailableToCommonStockholdersBasic
1082000 USD
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NetIncomeLossAvailableToCommonStockholdersBasic
-7775000 USD
CY2020 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
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DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
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DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-689000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-8243000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
33875000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
393000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
89473554 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85031236 shares
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WeightedAverageNumberOfSharesOutstandingBasic
69411061 shares
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WeightedAverageNumberOfDilutedSharesOutstanding
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WeightedAverageNumberOfDilutedSharesOutstanding
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WeightedAverageNumberOfDilutedSharesOutstanding
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EarningsPerShareBasic
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EarningsPerShareBasic
0.40
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EarningsPerShareBasic
0.01
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EarningsPerShareDiluted
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EarningsPerShareDiluted
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EarningsPerShareDiluted
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CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2638582 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2638582 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1016525 shares
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CY2020Q4 us-gaap Revenues
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5038000 USD
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NetIncomeLossAvailableToCommonStockholdersBasic
966000 USD
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NetIncomeLossAvailableToCommonStockholdersBasic
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CY2020Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
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-13277000 USD
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-135000 USD
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-129000 USD
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DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
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-102000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
837000 USD
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NetIncomeLossAvailableToCommonStockholdersDiluted
-604000 USD
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NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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WeightedAverageNumberOfSharesOutstandingBasic
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CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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WeightedAverageNumberOfDilutedSharesOutstanding
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WeightedAverageNumberOfDilutedSharesOutstanding
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CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.05
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EarningsPerShareBasicAndDiluted
0.01
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EarningsPerShareBasicAndDiluted
-0.01
CY2020Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.15
CY2019Q1 us-gaap Revenues
Revenues
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CY2019Q2 us-gaap Revenues
Revenues
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CY2019Q3 us-gaap Revenues
Revenues
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CY2019Q4 us-gaap Revenues
Revenues
76685000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5791000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12621000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6860000 USD
CY2019Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2019Q1 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
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CY2019Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
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CY2019Q3 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
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CY2019Q4 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
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CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
5631000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
12447000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
6684000 USD
CY2019Q4 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
9113000 USD
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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WeightedAverageNumberOfSharesOutstandingBasic
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WeightedAverageNumberOfSharesOutstandingBasic
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WeightedAverageNumberOfDilutedSharesOutstanding
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WeightedAverageNumberOfDilutedSharesOutstanding
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WeightedAverageNumberOfDilutedSharesOutstanding
86202582 shares
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WeightedAverageNumberOfDilutedSharesOutstanding
90776790 shares
CY2019Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.07
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EarningsPerShareBasicAndDiluted
0.15
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EarningsPerShareBasicAndDiluted
0.08
CY2019Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.10
CY2019Q3 us-gaap Asset Impairment Charges
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6400000 USD
CY2020Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
1378686000 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
476599000 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
3081615000 USD
CY2020Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Land
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionLand
0 USD
CY2020Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Buildings And Improvements
SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements
48755000 USD
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3606969000 USD
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
355855000 USD
CY2020Q4 gnl Real Estate Investments Acquired Intangible Assets Total
RealEstateInvestmentsAcquiredIntangibleAssetsTotal
712000000.0 USD
CY2020Q4 us-gaap Tax Basis Of Investments Cost For Income Tax Purposes
TaxBasisOfInvestmentsCostForIncomeTaxPurposes
3800000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
319300000 USD
CY2020 gnl Buildings Useful Life
BuildingsUsefulLife
P40Y
CY2020 gnl Land Improvements Useful Life
LandImprovementsUsefulLife
P15Y
CY2020 gnl Fixtures Usefullife
FixturesUsefullife
P5Y
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3111496000 USD
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2745348000 USD
CY2017Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2543052000 USD
CY2020 gnl Sec Schedule Iii Real Estate Investment Propertyat Cost Acquisitionsand Improvements
SECScheduleIIIRealEstateInvestmentPropertyatCostAcquisitionsandImprovements
424595000 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
CY2020 gnl Sec Schedule Iii Real Estate Remeasurement Adjustments
SECScheduleIIIRealEstateRemeasurementAdjustments
0 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
CY2020 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
0 USD
CY2019 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
143004000 USD
CY2018 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
0 USD
CY2020 gnl Sec Schedule1228 Real Estate Companies Investment In Real Estate Transfer To Assets Heldforsale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateTransferToAssetsHeldforsale
0 USD
CY2019 gnl Sec Schedule1228 Real Estate Companies Investment In Real Estate Transfer To Assets Heldforsale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateTransferToAssetsHeldforsale
0 USD
CY2018 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
64849000 USD
CY2018 gnl Sec Schedule1228 Real Estate Companies Investment In Real Estate Transfer To Assets Heldforsale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateTransferToAssetsHeldforsale
123021000 USD
CY2020 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
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
CY2020 gnl Schedule Iii Currencytranslationadjustment Realestateinvestmentsatcost
ScheduleIIICurrencytranslationadjustmentRealestateinvestmentsatcost
70878000 USD
CY2019 gnl Schedule Iii Currencytranslationadjustment Realestateinvestmentsatcost
ScheduleIIICurrencytranslationadjustmentRealestateinvestmentsatcost
4073000 USD
CY2018 gnl Schedule Iii Currencytranslationadjustment Realestateinvestmentsatcost
ScheduleIIICurrencytranslationadjustmentRealestateinvestmentsatcost
-61499000 USD
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3606969000 USD
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
3111496000 USD
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
2745348000 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
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
80466000 USD
CY2019 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
69257000 USD
CY2020 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
0 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
CY2020 gnl Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Transfer To Assets Heldforsale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationTransferToAssetsHeldforsale
0 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
CY2020 gnl Schedule Iii Currency Translation Adjustment Accumulateddepreciationandamortization
ScheduleIIICurrencyTranslationAdjustmentAccumulateddepreciationandamortization
8667000 USD
CY2019 gnl Schedule Iii Currency Translation Adjustment Accumulateddepreciationandamortization
ScheduleIIICurrencyTranslationAdjustmentAccumulateddepreciationandamortization
61000 USD
CY2018 gnl Schedule Iii Currency Translation Adjustment Accumulateddepreciationandamortization
ScheduleIIICurrencyTranslationAdjustmentAccumulateddepreciationandamortization
-4582000 USD
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
355855000 USD
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
266722000 USD
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
220225000 USD

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