2023 Q1 Form 10-K Financial Statement

#000152611323000006 Filed on February 23, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $94.33M $93.95M $378.9M
YoY Change -2.88% -11.8% -3.16%
Cost Of Revenue $18.25M $19.73M $73.00M
YoY Change 4.05% -6.1% 1.68%
Gross Profit $76.09M $74.22M $305.9M
YoY Change -4.41% -13.2% -4.25%
Gross Profit Margin 80.66% 79.0% 80.73%
Selling, General & Admin $8.585M $8.963M $29.81M
YoY Change 29.66% 16.13% 5.47%
% of Gross Profit 11.28% 12.08% 9.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.82M $36.99M $96.19M
YoY Change -3.08% -11.99% 2.24%
% of Gross Profit 31.3% 49.84% 31.45%
Operating Expenses $45.61M $45.95M $183.8M
YoY Change -1.93% -7.63% -3.92%
Operating Profit $30.37M $28.27M $100.5M
YoY Change -7.54% -20.96% -10.16%
Interest Expense $26.97M -$32.62M $97.51M
YoY Change 11.78% 40.86% 3.35%
% of Operating Profit 88.78% -115.41% 96.98%
Other Income/Expense, Net -$28.56M $127.0K -$77.49M
YoY Change 48.62% -29.44% -12.34%
Pretax Income $1.817M -$10.27M $23.06M
YoY Change -86.67% -400.64% -1.97%
Income Tax $2.707M $2.370M $11.03M
% Of Pretax Income 148.98% 47.85%
Net Earnings -$890.0K -$17.98M $12.02M
YoY Change -108.44% 542.92% 5.78%
Net Earnings / Revenue -0.94% -19.13% 3.17%
Basic Earnings Per Share -$0.06 -$0.09
Diluted Earnings Per Share -$0.06 -$0.17 -$0.09
COMMON SHARES
Basic Shares Outstanding 103.8M shares 103.8M shares 103.7M shares
Diluted Shares Outstanding 103.8M shares 103.7M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $119.2M $103.3M $103.3M
YoY Change -3.51% 15.24% 15.24%
Cash & Equivalents $119.2M $103.3M $103.3M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $194.9M $176.8M $176.8M
YoY Change 1.71% 7.9% 7.9%
LONG-TERM ASSETS
Property, Plant & Equipment $3.722B $3.644B $3.644B
YoY Change -3.56% -7.35% -7.35%
Goodwill $21.55M $21.36M
YoY Change -1.18% -3.16%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.97M $17.57M $17.57M
YoY Change 17.64% 74.67% 74.67%
Total Long-Term Assets $3.847B $3.785B $3.785B
YoY Change -2.89% -5.82% -5.82%
TOTAL ASSETS
Total Short-Term Assets $194.9M $176.8M $176.8M
Total Long-Term Assets $3.847B $3.785B $3.785B
Total Assets $4.041B $3.962B $3.962B
YoY Change -2.68% -5.29% -5.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.88M $22.89M $22.89M
YoY Change 5.7% -11.58% -11.58%
Accrued Expenses $22.03M $21.88M $21.88M
YoY Change -5.24% -3.93% -3.93%
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 $58.56M $51.14M $51.14M
YoY Change -0.38% -6.92% -6.92%
LONG-TERM LIABILITIES
Long-Term Debt $2.502B $2.396B $2.396B
YoY Change 3.17% -1.26% -1.26%
Other Long-Term Liabilities $62.73M $53.33M $53.33M
YoY Change -4.04% -19.63% -19.63%
Total Long-Term Liabilities $2.565B $2.450B $2.450B
YoY Change 2.98% -1.75% -1.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $58.56M $51.14M $51.14M
Total Long-Term Liabilities $2.565B $2.450B $2.450B
Total Liabilities $2.630B $2.508B $2.523B
YoY Change 2.83% -1.89% -1.54%
SHAREHOLDERS EQUITY
Retained Earnings -$1.296B -$1.248B
YoY Change 16.86% 16.35%
Common Stock $2.371M $2.371M
YoY Change 0.08% 0.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.394B $1.439B $1.439B
YoY Change
Total Liabilities & Shareholders Equity $4.041B $3.962B $3.962B
YoY Change -2.68% -5.29% -5.29%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$890.0K -$17.98M $12.02M
YoY Change -108.44% 542.92% 5.78%
Depreciation, Depletion And Amortization $23.82M $36.99M $96.19M
YoY Change -3.08% -11.99% 2.24%
Cash From Operating Activities $63.02M $22.21M $181.8M
YoY Change 1.93% -35.48% -5.54%
INVESTING ACTIVITIES
Capital Expenditures $88.80M $10.79M $63.84M
YoY Change -5083.28% -106.12% -113.15%
Acquisitions $0.00
YoY Change
Other Investing Activities $41.47M $47.30M
YoY Change -16.32% -2.97%
Cash From Investing Activities -$88.80M $30.68M -$16.54M
YoY Change 4883.28% -124.2% -96.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$208.0K
YoY Change -99.9%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $39.54M -90.81M -$149.7M
YoY Change -269.32% -964.33% -168.59%
NET CHANGE
Cash From Operating Activities $63.02M 22.21M $181.8M
Cash From Investing Activities -$88.80M 30.68M -$16.54M
Cash From Financing Activities $39.54M -90.81M -$149.7M
Net Change In Cash $13.75M -37.91M $15.54M
YoY Change -62.51% -53.69% -160.34%
FREE CASH FLOW
Cash From Operating Activities $63.02M $22.21M $181.8M
Capital Expenditures $88.80M $10.79M $63.84M
Free Cash Flow -$25.79M $11.43M $118.0M
YoY Change -140.54% -94.58% -82.59%

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ProfitLoss
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ProfitLoss
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Depreciation
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AmortizationofAboveMarketGroundLeaseAssets
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CY2021 us-gaap Gain Loss On Termination Of Lease
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CY2022 us-gaap Share Based Compensation
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9366000 usd
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UnrealizedGainLossonForeignCurrencyTransactionDerivativesandOther
6252000 usd
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2439000 usd
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325000 usd
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CY2022 gnl Lease Incentive Payment
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CY2021 gnl Lease Incentive Payment
LeaseIncentivePayment
9419000 usd
CY2020 gnl Lease Incentive Payment
LeaseIncentivePayment
4676000 usd
CY2022 gnl Asset Impairment Charges And Related Lease Intangible Writeoffs
AssetImpairmentChargesAndRelatedLeaseIntangibleWriteoffs
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CY2021 gnl Asset Impairment Charges And Related Lease Intangible Writeoffs
AssetImpairmentChargesAndRelatedLeaseIntangibleWriteoffs
17525000 usd
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IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4361000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
8399000 usd
CY2022 us-gaap Increase Decrease In Deferred Liabilities
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CY2021 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
11275000 usd
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4245000 usd
CY2022 gnl Increasein Deferred Income Taxes
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CY2021 gnl Increasein Deferred Income Taxes
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CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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PaymentsToAcquireOtherRealEstate
33894000 usd
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CY2020 us-gaap Payments For Deposits On Real Estate Acquisitions
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7924000 usd
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PaymentsToAcquireOtherPropertyPlantAndEquipment
6383000 usd
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48747000 usd
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CY2020 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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CY2020 us-gaap Payments Of Stock Issuance Costs
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CY2021 us-gaap Payments Of Dividends Minority Interest
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10999000 usd
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441000 usd
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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15541000 usd
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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
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
125693000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
274287000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
104445000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
93311000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
125693000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
103335000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
89668000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
124245000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1110000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3643000 usd
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1448000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
104445000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
93311000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
125693000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
87362000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
82151000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
66861000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
13740000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
16758000 usd
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
5460000 usd
CY2022 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
268511000 usd
CY2021 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
0 usd
CY2020 us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
0 usd
CY2022 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
1553000 usd
CY2021 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 usd
CY2020 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
3053000 usd
CY2022 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
0 usd
CY2021 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
38562000 usd
CY2020 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
0 usd
CY2022Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
309 property
CY2022Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
39200000 sqft
CY2022Q4 gnl Real Estate Property Occupancy Rate
RealEstatePropertyOccupancyRate
0.98
CY2022 gnl Lessor Average Remaining Lease Term
LessorAverageRemainingLeaseTerm
P8Y
CY2022 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 the multi-year outperformance agreements entered into with the Advisor in 2018 (the “2018 OPP”) and in 2021 (the “2021 OPP”) and fair value measurements, as applicable.</span></div>
CY2022 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, include rents that each tenant pays in accordance with the terms of each lease reported on a straight-line basis over the non-cancelable term of the lease. As of December 31, 2022, these leases had a weighted-average remaining lease term of 8.0 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, 2022 and 2021, the Company’s cumulative straight-line rents receivable in the consolidated balance sheets was $73.0 million and $74.2 million, respectively. For the years ended December 31, 2022, 2021 and 2020, the Company’s revenue from tenants included impacts of unbilled rental revenue of $9.6 million, $5.7 million and $7.9 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.In accordance with the lease accounting rules, the Company records uncollectible amounts as reductions in revenue from tenants.
CY2022 gnl Lessor Average Remaining Lease Term
LessorAverageRemainingLeaseTerm
P8Y
CY2022Q4 us-gaap Incentive To Lessee
IncentiveToLessee
73000000 usd
CY2021Q4 us-gaap Incentive To Lessee
IncentiveToLessee
74200000 usd
CY2022 us-gaap Straight Line Rent
StraightLineRent
9600000 usd
CY2021 us-gaap Straight Line Rent
StraightLineRent
5700000 usd
CY2020 us-gaap Straight Line Rent
StraightLineRent
7900000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
335047000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
321006000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
290026000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
267292000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
240266000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
1194037000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
2647674000 usd
CY2022Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.21
CY2022Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.07
CY2022Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
0.74
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
700000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1100000 usd
CY2021 gnl Number Of Real Estate Properties Discontinued Operations
NumberOfRealEstatePropertiesDiscontinuedOperations
0 property
CY2022 gnl Number Of Real Estate Properties Discontinued Operations
NumberOfRealEstatePropertiesDiscontinuedOperations
0 property
CY2021 gnl Numberof Real Estate Properties Heldfor Sale
NumberofRealEstatePropertiesHeldforSale
0 property
CY2022 gnl Numberof Real Estate Properties Heldfor Sale
NumberofRealEstatePropertiesHeldforSale
0 property
CY2022 gnl Buildings Useful Life
BuildingsUsefulLife
P40Y
CY2022 gnl Land And Building Improvements Useful Life
LandAndBuildingImprovementsUsefulLife
P15Y
CY2022 gnl Fixtures Usefullife
FixturesUsefullife
P5Y
CY2022Q4 us-gaap Cash
Cash
103300000 usd
CY2022Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
40600000 usd
CY2022Q4 gnl Cash Uninsured Amount Fscs
CashUninsuredAmountFSCS
19100000 usd
CY2022Q4 gnl Cash Uninsured Amount European Deposit Insurance Companies
CashUninsuredAmountEuropeanDepositInsuranceCompanies
32300000 usd
CY2021Q4 us-gaap Cash
Cash
89700000 usd
CY2021Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
28000000 usd
CY2021Q4 gnl Cash Uninsured Amount Fscs
CashUninsuredAmountFSCS
31700000 usd
CY2021Q4 gnl Cash Uninsured Amount European Deposit Insurance Companies
CashUninsuredAmountEuropeanDepositInsuranceCompanies
20500000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1100000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3600000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 gnl Business Acquisition Purchase Price Allocation Mortgage Note Payable
BusinessAcquisitionPurchasePriceAllocationMortgageNotePayable
0 usd
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
309 property
CY2022Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
39200000 sqft
CY2022Q4 gnl Numberof Tenants
NumberofTenants
138 tenant
CY2022Q4 gnl Real Estate Property Occupancy Rate
RealEstatePropertyOccupancyRate
0.98
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022 gnl Business Acquisition Purchase Price Allocation Land Acquired In Period
BusinessAcquisitionPurchasePriceAllocationLandAcquiredInPeriod
4176000 usd
CY2021 gnl Business Acquisition Purchase Price Allocation Land Acquired In Period
BusinessAcquisitionPurchasePriceAllocationLandAcquiredInPeriod
62491000 usd
CY2020 gnl Business Acquisition Purchase Price Allocation Land Acquired In Period
BusinessAcquisitionPurchasePriceAllocationLandAcquiredInPeriod
53701000 usd
CY2022 gnl Business Acquisition Purchase Price Allocation Buildings Fixtures And Improvements Acquired In Period
BusinessAcquisitionPurchasePriceAllocationBuildingsFixturesAndImprovementsAcquiredInPeriod
25938000 usd
CY2021 gnl Business Acquisition Purchase Price Allocation Buildings Fixtures And Improvements Acquired In Period
BusinessAcquisitionPurchasePriceAllocationBuildingsFixturesAndImprovementsAcquiredInPeriod
397659000 usd
CY2020 gnl Business Acquisition Purchase Price Allocation Buildings Fixtures And Improvements Acquired In Period
BusinessAcquisitionPurchasePriceAllocationBuildingsFixturesAndImprovementsAcquiredInPeriod
364511000 usd
CY2022 gnl Business Acquisition Purchase Price Allocation Tangible Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationTangibleAssetsAcquiredInPeriod
30114000 usd
CY2021 gnl Business Acquisition Purchase Price Allocation Tangible Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationTangibleAssetsAcquiredInPeriod
460150000 usd
CY2020 gnl Business Acquisition Purchase Price Allocation Tangible Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationTangibleAssetsAcquiredInPeriod
418212000 usd
CY2022 gnl Business Acquisition Purchase Price Allocation Intangible Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationIntangibleAssetsAcquiredInPeriod
3780000 usd
CY2021 gnl Business Acquisition Purchase Price Allocation Intangible Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationIntangibleAssetsAcquiredInPeriod
55805000 usd
CY2020 gnl Business Acquisition Purchase Price Allocation Intangible Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationIntangibleAssetsAcquiredInPeriod
40910000 usd
CY2022 gnl Business Acquisition Purchase Price Allocation Right Of Use Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationRightOfUseAssetsAcquiredInPeriod
0 usd
CY2021 gnl Business Acquisition Purchase Price Allocation Right Of Use Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationRightOfUseAssetsAcquiredInPeriod
0 usd
CY2020 gnl Business Acquisition Purchase Price Allocation Right Of Use Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationRightOfUseAssetsAcquiredInPeriod
5022000 usd
CY2021 gnl Business Acquisition Purchase Price Allocation Mortgage Note Payable
BusinessAcquisitionPurchasePriceAllocationMortgageNotePayable
38562000 usd
CY2020 gnl Business Acquisition Purchase Price Allocation Mortgage Note Payable
BusinessAcquisitionPurchasePriceAllocationMortgageNotePayable
0 usd
CY2022 gnl Business Acquisition Cost Of Acquired Entity Cash Paid In Period
BusinessAcquisitionCostOfAcquiredEntityCashPaidInPeriod
33894000 usd
CY2021 gnl Business Acquisition Cost Of Acquired Entity Cash Paid In Period
BusinessAcquisitionCostOfAcquiredEntityCashPaidInPeriod
477393000 usd
CY2020 gnl Business Acquisition Cost Of Acquired Entity Cash Paid In Period
BusinessAcquisitionCostOfAcquiredEntityCashPaidInPeriod
464144000 usd
CY2022 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
3 property
CY2021 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
25 property
CY2020 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
28 property
CY2022 gnl Proceeds From Sale Of Real Estate Held For Sale Gross
ProceedsFromSaleOfRealEstateHeldForSaleGross
56000000 usd
CY2021 gnl Proceeds From Sale Of Real Estate Held For Sale Gross
ProceedsFromSaleOfRealEstateHeldForSaleGross
49600000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
21600000 usd
CY2022 gnl Number Of Properties Impairment Charges
NumberOfPropertiesImpairmentCharges
3 property
CY2022Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
16000000 usd
CY2022Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
800000 usd
CY2022Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4500000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
17500000 usd
CY2021 gnl Number Of Properties Impairment Charges
NumberOfPropertiesImpairmentCharges
3 property
CY2021 gnl Numberof Real Estate Properties Sold
NumberofRealEstatePropertiesSold
2 property
us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
7900000 usd
CY2021Q4 us-gaap Disposal Group Not Discontinued Operation Loss Gain On Write Down
DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown
9600000 usd
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022 gnl Numberof Real Estate Properties Heldfor Sale
NumberofRealEstatePropertiesHeldforSale
0 property
CY2021 gnl Numberof Real Estate Properties Heldfor Sale
NumberofRealEstatePropertiesHeldforSale
0 property
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
689275000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
389509000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
299766000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
748363000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
378800000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
369563000 usd
CY2022Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
42745000 usd
CY2022Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
18195000 usd
CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
24550000 usd
CY2021Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
48797000 usd
CY2021Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
19452000 usd
CY2021Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
29345000 usd
CY2022Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
42745000 usd
CY2022Q4 gnl Offmarket Lease Unfavorable Accumulated Amortization
OffmarketLeaseUnfavorableAccumulatedAmortization
18195000 usd
CY2022Q4 gnl Off Market Leases Unfavorable Net Of Accumulated Amortization
OffMarketLeasesUnfavorableNetOfAccumulatedAmortization
24550000 usd
CY2021Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
48797000 usd
CY2021Q4 gnl Offmarket Lease Unfavorable Accumulated Amortization
OffmarketLeaseUnfavorableAccumulatedAmortization
19452000 usd
CY2021Q4 gnl Off Market Leases Unfavorable Net Of Accumulated Amortization
OffMarketLeasesUnfavorableNetOfAccumulatedAmortization
29345000 usd
CY2022Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.21
CY2022Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.07
CY2022Q4 gnl Real Estateand Accumulated Depreciation Unencumbered Assets
RealEstateandAccumulatedDepreciationUnencumberedAssets
2100000000 usd
CY2022Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.21
CY2022Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.07
CY2021Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.37
CY2021Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.23
CY2022 gnl Debt Instrument Maximum Distribution Percentageof Ffo
DebtInstrumentMaximumDistributionPercentageofFFO
1
CY2022 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
CY2022Q2 us-gaap Gain On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
GainOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
2400000 usd
CY2022 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-13500000 usd
CY2020 us-gaap Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
300000 usd
CY2020Q4 us-gaap Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
300000 usd
CY2022 us-gaap Interest Expense
InterestExpense
97510000 usd
CY2021 us-gaap Interest Expense
InterestExpense
94345000 usd
CY2020 us-gaap Interest Expense
InterestExpense
71804000 usd
CY2020 us-gaap Other Comprehensive Income Loss Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax
-6000000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax
0 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossBeforeReclassificationAndTax
0 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
37279000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
328000 usd
CY2022Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 usd
CY2020Q1 gnl Common Stock Dividend Rate Per Share
CommonStockDividendRatePerShare
2.13
CY2020Q1 gnl Common Stock Monthly Dividend Rate Per Share
CommonStockMonthlyDividendRatePerShare
0.5325
CY2022Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
36951000 usd
CY2022Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 usd
CY2022Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 usd
CY2022Q4 us-gaap Derivative Fair Value Amount Offset Against Collateral Net
DerivativeFairValueAmountOffsetAgainstCollateralNet
36951000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
4260000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
4259000 usd
CY2021Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 usd
CY2021Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
1000 usd
CY2021Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 usd
CY2021Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 usd
CY2021Q4 us-gaap Derivative Fair Value Amount Offset Against Collateral Net
DerivativeFairValueAmountOffsetAgainstCollateralNet
1000 usd
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
104141899 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
104141899 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
103900452 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
103900452 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000 shares
CY2020Q1 gnl Common Stock Dividend Rate Per Share
CommonStockDividendRatePerShare
1.60
CY2020Q1 gnl Common Stock Monthly Dividend Rate Per Share
CommonStockMonthlyDividendRatePerShare
0.40
CY2022 gnl Income Tax Distribution Capital Distribution
IncomeTaxDistributionCapitalDistribution
1.60
CY2022 gnl Income Tax Distribution Percent Capital Distribution Portion
IncomeTaxDistributionPercentCapitalDistributionPortion
1.000
CY2021 gnl Income Tax Distribution Capital Distribution
IncomeTaxDistributionCapitalDistribution
1.01
CY2021 gnl Income Tax Distribution Percent Capital Distribution Portion
IncomeTaxDistributionPercentCapitalDistributionPortion
0.635
CY2020 gnl Income Tax Distribution Capital Distribution
IncomeTaxDistributionCapitalDistribution
1.34
CY2020 gnl Income Tax Distribution Percent Capital Distribution Portion
IncomeTaxDistributionPercentCapitalDistributionPortion
0.775
CY2022 gnl Income Tax Distribution Ordinary Dividends Portion
IncomeTaxDistributionOrdinaryDividendsPortion
0
CY2022 gnl Income Tax Distribution Percent Ordinary Dividends Portion
IncomeTaxDistributionPercentOrdinaryDividendsPortion
0
CY2021 gnl Income Tax Distribution Ordinary Dividends Portion
IncomeTaxDistributionOrdinaryDividendsPortion
0.58
CY2021 gnl Income Tax Distribution Percent Ordinary Dividends Portion
IncomeTaxDistributionPercentOrdinaryDividendsPortion
0.365
CY2020 gnl Income Tax Distribution Ordinary Dividends Portion
IncomeTaxDistributionOrdinaryDividendsPortion
0.39
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CY2022Q4 us-gaap Sec Schedule Iii Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Land
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