COMP <GO>

GNL vs DEI // EV/EBITDA & P/E VALUATION

Global Net Lease Inc. (NYSE) VS. Douglas Emmett Inc. (NYSE) • 15-METRIC TALLY: GNL 2 — DEI 5

■ METRIC PARITY

LAST: $7.22 (+3.44%) • MKT CAP: $1.67B

valuation

13.4x

LAST: $10.21 (+2.10%) • MKT CAP: $1.71B

valuation

—

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (GNL VS. DEI) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	GNL	DEI	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	5.90%	0.90%	+5.00	GNL	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	13.4x	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	13.34%	22.62%	-9.28	DEI	/fcf-yield <GO>
Operating Margin	22.40%	—	—	TIE	/operating-margins <GO>
Net Profit Margin	—	1.60%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	-13.10%	1.80%	-14.90	DEI	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	11.50%	7.44%	+4.06	GNL	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	2/9	4/9	-2.00	DEI	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	26.4	52.6	-26.29	DEI	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	97.7x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$1.67B	$1.71B	-$39.9M	DEI	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	GNL REV	DEI REV	GNL GROSS %	DEI GROSS %	GNL FCF	DEI FCF
FY 2025	$495.3M	$1.00B	—	—	$222.8M	$386.9M
FY 2024	$569.8M	$986.5M	—	—	$299.5M	$408.7M
FY 2023	$445.8M	$1.02B	—	—	$143.7M	$427.0M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

GNL // BETA —

DEI // BETA —