Company research / BNL

Broadstone Net Lease, Inc. (BNL)

CIK 0001424182 · NYSE · Real Estate Investment Trusts

  • Sector Finance & Real Estate
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Broadstone Net Lease, Inc. reported revenue of $454.14M. Revenue grew 5.2% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $476.17M.

Key ratios (year ended 2025-12-31)

21.2%
Net margin
3.2%
Return on year-end equity
5.2%
Revenue growth (YoY)

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Latest selected filing: Form 8-K (current report) · 2026-10-05

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Stock splits: 4-for-1, first reflected in a filing dated 2020-11-05. Figures are as filed: per-share figures and share counts last reported before a split are on the old share basis, so changes and growth rates across a split are not shown. Splits are read from the filings' own restatements, so a share conversion in a merger or reorganization shows up the same way.

Period endedTTM to
2026-06-30
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$476.17M$454.14M$431.80M$442.89M$407.51M$382.88M$321.64M$298.81M$237.48M$181.56M$142.87M
Operating Incomen/an/an/an/an/an/an/an/an/a$84.88M$63.64M
Depreciation & Amortization$168.40M$159.62M$151.76M$152.78M$150.00M$128.89M$131.57M$105.41M$83.69M$62.76M$45.84M
EBITDAn/an/an/an/an/an/an/an/an/a$147.64M$109.48M
Net Income$145.76M$96.50M$162.44M$155.48M$122.11M$102.43M$51.18M$79.39M$69.38M$54.80M$36.35M
EPS (Diluted)n/a$0.50$0.86$0.83$0.72$0.67$0.44$0.83$0.86n/an/a
Total Assets$5.87B$5.72B$5.22B$5.27B$5.46B$4.62B$4.26B$3.92B$3.10B$2.58B$1.95B
Total Liabilities$2.86B$2.68B$2.07B$2.07B$2.20B$1.88B$1.78B$2.14B$1.57B$1.29B$953.52M
Long-Term Debt$2.69B$2.52B$1.92B$1.92B$2.03B$1.70B$1.55B$1.99B$1.45B$1.18Bn/a
Shareholders' Equity$3.01B$3.03B$3.14B$3.19B$3.26B$2.74B$2.48B$1.78B$1.53B$1.28B$998.54M
Cash & Equivalents$11.10M$30.54M$14.85M$19.49M$21.79M$21.67M$100.49M$12.46M$18.61M$9.36M$21.64M
Operating Cash Flow$283.02M$299.50M$276.25M$271.07M$255.91M$244.94M$179.03M$147.36M$128.01M$97.94M$67.19M
Capital Expenditures$25.91M$29.71M$16.80M$46.25M$31.37M$1.60M$10.81M$5.05M$5.15M$6.78M$1.94M
Free Cash Flow$257.11M$269.79M$259.46M$224.82M$224.54M$243.34M$168.22M$142.31M$122.86M$91.16M$65.25M
Share Repurchasesn/an/an/an/an/an/an/a$34.60M$10.20M$9.44M$8.15M
Dividends Paid$219.21M$218.78M$216.76M$207.52M$181.22M$154.46M$71.53M$61.96M$51.84M$44.54M$35.73M
Shares Outstanding191.81M191.42M188.63M187.61M186.11M162.38M108.61M104.01M22.01M18.91M15.16M
Dividends Per Sharen/a$1.16$1.16$1.12n/an/an/an/an/an/an/a
Weighted Average Diluted Sharesn/a197.57M196.62M196.31M180.20M163.97M128.80M102.86M87.64M18.57M14.60M
EPS (Basic)n/a$0.51$0.86$0.83$0.72$0.67$0.44$0.83$0.86n/an/a

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