HIGHBuilt-inGeographic
74%
U.S. and Canada
“10-K Item 1A: '74% of our properties were located in the U.S. and Canada'”
GNL · Concentration risk · 10-K extracted
Global Net Lease (GNL) concentration risks
Updated
The most significant concentration Global Net Lease discloses is U.S. and Canada at 74%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Global Net Lease’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 5 disclosed concentrations
HIGH1
MEDIUM3
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inProperty_type
46%
Industrial & Distribution properties
“10-K Item 1: 'our portfolio was comprised of 46% Industrial & Distribution properties, 27% Retail properties and 27% Office properties'”
MEDIUMBuilt-inProperty_type
27%
Office properties
“10-K Item 1A: 'Approximately 27% of our annualized straight-line rent (calculated as of December 31, 2025) is attributable to our Office segment'”
MEDIUMBuilt-inTenant
single-tenant properties
“10-K Item 1A: 'the majority of our properties are occupied by single tenants and single-tenant leases involve significant risks of tenant default and tenant vacancies'”
LOWBuilt-inGeographic
13%
Michigan
“10-K Item 1A: 'the following countries and states accounted for 5% or more of our consolidated annualized rental income on a straight-line basis ... Michigan| | 13%'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile spans geography, property type, and tenant structure, all of which are structural in character — reflecting deliberate portfolio construction rather than idiosyncratic single-counterparty reliance. The largest geographic exposure is a high share in the U.S. and Canada, at 74% of properties, anchoring results to North American economic conditions and interest rate cycles. Within that footprint, the portfolio is divided across three property types: Industrial and Distribution properties represent 46% of the mix, while both Retail and Office each account for 27%, with Office carrying its own annualized straight-line rent weight at that same 27% level. The Office segment warrants particular attention in the current environment: office property values and occupancy have faced structural headwinds in recent years, and a moderate share in that property type introduces an element of secular risk beyond typical real estate cycles. The Industrial and Distribution share, by contrast, is the larger disclosed tilt and has benefited from the structural tailwinds in logistics demand. Cutting across all property types is a tenant-structure exposure: the majority of properties are occupied by single tenants, which means vacancies or defaults are not averaged across multi-tenant buildings but instead create acute, property-level income disruptions. At the state level, Michigan contributes a small share of annualized rental income, a low level of geographic concentration within the broader North American tilt. Overall, the profile is well-disclosed, structurally driven, and most sensitive to the Office segment's longer-term trajectory.
For the engine’s reasoning on GNL’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Diversified
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| GNL● | Global Net Lease, Inc. | 1 | 3 | 1 | 5 |
| VICI | VICI Properties Inc. | 1 | 3 | 0 | 4 |
| BNL | Broadstone Net Lease, Inc. | 1 | 2 | 1 | 4 |
| ESRT | Empire State Realty Trust, Inc. | 1 | 1 | 2 | 4 |
| WPC | W. P. Carey Inc. REIT | 1 | 1 | 0 | 2 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.