Global Net Lease, Inc. (GNL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: May 06, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 0.04% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
210M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

GNL currently has 214M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 0.04% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 06, 2026

10-Q filing | 214.0M shares outstanding

210M 0
Nov 06, 2025

10-Q filing | 220.9M shares outstanding

220M 0
Aug 07, 2025

10-Q filing | 223.0M shares outstanding

220M 0
May 08, 2025

10-Q filing | 230.3M shares outstanding

230M 0
Feb 27, 2025

10-K filing | 230.4M shares outstanding

230M 0
Nov 06, 2024

10-Q filing | 230.5M shares outstanding

230M 0
Aug 07, 2024

10-Q filing | 230.4M shares outstanding

230M 0
May 08, 2024

10-Q filing | 230.3M shares outstanding

230M 0
Feb 27, 2024

10-K filing | 230.3M shares outstanding

230M 0
Nov 07, 2023

10-Q filing | 230.3M shares outstanding

230M 0
Sep 18, 2023

8-K filing: AR Global Investments, LLC and its affiliates acquired 35,339,062 shares of common stock in connection with the internalization merger and on conversion of the limited partner units (LTIPs), which have been registered for resale.

100M 0
Sep 15, 2023

8-K filing: Global Net Lease, Inc. registered the resale of up to 35,339,062 shares of its common stock and entered into a Joinder to the Registration Rights and Stockholders Agreement, consenting to the transfer of 29,614,825 shares of Common Stock by Advisor Parent to MWM PIC, LLC.

100M 0
Sep 12, 2023

8-K filing: GNL issued 1,600,000 shares of common stock to the Blackwells/Related Parties in a private placement pursuant to a Cooperation Agreement and Release at the REIT Merger Effective Time.

100M 0
Aug 03, 2023

10-Q filing | 104.1M shares outstanding

100M 0
Jun 05, 2023

8-K filing: Global Net Lease, Inc. entered into a Cooperation Agreement and Release with Blackwells Capital LLC and related parties, agreeing to issue shares of GNL Common Stock as a settlement fee and for consulting services, contingent on certain conditions.

100M 0
May 26, 2023

8-K filing: Global Net Lease, Inc. entered into a merger agreement with The Necessity Retail REIT, Inc. and an internalization agreement to internalize the advisory and property management functions of the combined companies.

100M 0
May 10, 2023

10-Q filing | 103.8M shares outstanding

100M 0
Feb 23, 2023

10-K filing | 103.7M shares outstanding

100M 0
Nov 03, 2022

10-Q filing | 103.7M shares outstanding

100M 0
Aug 04, 2022

10-Q filing | 103.6M shares outstanding

100M 0
May 05, 2022

10-Q filing | 103.6M shares outstanding

100M 0
Feb 24, 2022

10-K filing | 98.3M shares outstanding

98M 0
Nov 04, 2021

10-Q filing | 101.5M shares outstanding

100M 0
Aug 05, 2021

10-Q filing | 96.4M shares outstanding

96M 0
Jun 21, 2021

8-K filing: Global Net Lease, Inc. filed a prospectus supplement relating to the possible resale from time to time by selling stockholders of an aggregate of 2,135,496 shares of the Company's common stock.

91M 0
Jun 21, 2021

8-K filing: Global Net Lease, Inc. issued 2,135,496 shares of its common stock to Global Net Lease Advisors, LLC on June 18, 2021, in exchange for the redemption of OP Units.

91M 0
Jun 17, 2021

8-K filing: Global Net Lease, Inc. reported that 858,031 Absolute TSR Award LTIPs and 1,277,465 Relative TSR Award LTIPs vested on June 14, 2021, while 419,434 LTIP Units were forfeited.

91M 0
May 07, 2021

10-Q filing | 91.5M shares outstanding

91M 0
Feb 26, 2021

10-K filing | 89.5M shares outstanding

89M 0
Nov 06, 2020

10-Q filing | 89.5M shares outstanding

89M 0
Aug 06, 2020

10-Q filing | 89.5M shares outstanding

89M 0
May 07, 2020

10-Q filing | 89.5M shares outstanding

89M 0
Feb 28, 2020

10-K filing | 86.3M shares outstanding

86M 0
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