BNL
$18.13-0.11%
Broadstone Net Lease Inc.Stock · Real EstateUS REITs 0.2%Russell 2000 0.1%US Stock Market 0.005%Russell 3000 0.005%
BNL financial statements
The full income statement, balance sheet, and cash-flow statement for Broadstone Net Lease Inc. (BNL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 188.5M2024-09 188.5M2024-12 188.8M2025-03 189.1M2025-06 189.1M2025-09 189.2M2025-12 191.4M2026-03 191.8M2026-06 191.9M+1.8% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 454M+5.2% | 432M-2.5% | 443M+8.7% | 408M+6.4% | 383M+19.0% | |
| Selling, general & administrative | 38.9M+2.4% | 38.0M-3.6% | 39.4M+5.5% | 37.4M+2.8% | 36.4M+29.9% | |
| General & administrative | 38.9M+2.4% | 38.0M-3.6% | 39.4M+5.5% | 37.4M+2.8% | 36.4M+29.9% | |
| Amortization of intangibles | 5.30M+231.3% | 1.60M+77.8% | 900K-89.4% | 8.50M+123.7% | 3.80M-73.8% | |
| Provision for credit losses | — | — | — | — | -101K-104.9% | |
| Interest expense | 94.5M+27.5% | 74.1M-7.5% | 80.1M+1.8% | 78.7M+22.6% | 64.1M-15.8% | |
| Interest & investment income | 389K-60.9% | 994K+94.1% | 512K+1063.6% | 44.0K+158.8% | 17.0K-29.2% | |
| Other non-operating income | -6.42M-203.5% | 6.20M+468.9% | -1.68M-131.2% | 5.38M+1351.6% | -430K-6042.9% | |
| Income tax | 1.15M-1.8% | 1.18M+54.0% | 763K | — | — | |
| 96.5M-40.6% | 162M+4.5% | 155M+27.3% | 122M+19.2% | 102M+100.1% | ||
| Net income to non-controlling interest | 2.92M-55.4% | 6.55M-16.4% | 7.83M+6.4% | 7.36M+3.6% | 7.10M+39.4% | |
| Net income to common | 95.3M-40.9% | 161M+4.1% | 155M+27.3% | 122M+19.3% | 102M+99.9% | |
| $0.50-41.9% | $0.86+3.6% | $0.83+15.3% | $0.72+7.5% | $0.67+52.3% | ||
| EPS (basic) | $0.51-40.7% | $0.86+3.6% | $0.83+15.3% | $0.72+7.5% | $0.67+52.3% | |
| Weighted-avg shares (basic) | 188M+0.4% | 187M+0.4% | 187M+9.9% | 170M+11.0% | 153M+30.7% | |
| Weighted-avg shares (diluted) | 198M+0.5% | 197M+0.2% | 196M+8.9% | 180M+9.9% | 164M+27.3% | |
| Dividends per share | $1.16+0.4% | $1.16+3.1% | $1.12+15.1% | $0.97+2.9% | $0.95+43.4% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 30.5M+105.7% | 14.8M-23.8% | 19.5M-10.5% | 21.8M+0.6% | 21.7M-78.4% | |
| Prepaid expenses | — | — | — | 8.50M | — | |
| 5.72B+9.6% | 5.22B-1.0% | 5.27B-3.5% | 5.46B+18.2% | 4.62B+8.5% | ||
| Operating lease right-of-use | 9.58M-6.5% | 10.2M+20.8% | 8.48M+164.9% | 3.20M+3.3% | 3.10M+0.8% | |
| Goodwill | 340M+0.0% | 340M+0.0% | 340M+0.0% | 340M+0.0% | 340M+0.0% | |
| Intangible assets | 268M+0.1% | 268M-7.1% | 288M-12.5% | 330M+8.5% | 304M+4.4% | |
| 2.68B+29.3% | 2.07B+0.0% | 2.07B-5.5% | 2.20B+16.9% | 1.88B+5.5% | ||
| Long-term debt | 2.52B+31.4% | 1.92B+0.0% | 1.92B-5.6% | 2.03B+19.7% | 1.70B+9.8% | |
| Operating lease liability (total) | 9.58M-5.9% | 10.2M+23.4% | 8.26M+197.8% | 2.77M+7.9% | 2.57M-3.3% | |
| Finance lease liability (total) | 2.73M | 0.00 | — | — | — | |
| 2.90B-3.4% | 3.00B-1.5% | 3.05B-1.4% | 3.09B+20.0% | 2.58B+12.1% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 48.0K+2.1% | 47.0K+0.0% | 47.0K+0.0% | 47.0K+14.6% | 41.0K+51.9% | |
| Additional paid-in capital | 3.50B+1.5% | 3.45B+0.3% | 3.44B+0.6% | 3.42B+16.9% | 2.92B+11.4% | |
| Accumulated other comprehensive income | 19.8M-60.2% | 49.7M+0.8% | 49.3M-17.2% | 59.5M+309.3% | -28.4M+57.1% | |
| Non-controlling interest | 131M-4.5% | 138M-5.1% | 145M-14.4% | 170M+3.5% | 164M-9.0% | |
| Total equity incl. non-controlling | 3.03B-3.4% | 3.14B-1.7% | 3.19B-2.1% | 3.26B+19.0% | 2.74B+10.6% | |
| Total liabilities & equity | 5.72B+9.6% | 5.22B-1.0% | 5.27B-3.5% | 5.46B+18.2% | 4.62B+8.5% | |
| Common shares issued | 191M+1.5% | 189M+0.5% | 188M+0.8% | 186M+0.0% | 186M+71.4% | |
| Common shares outstanding | 191M+1.5% | 189M+0.5% | 188M+0.8% | 186M+14.6% | 162M+49.5% | |
| Shares outstanding (cover) | 191M+1.4% | 189M+0.6% | 188M+0.8% | 186M+14.0% | 163M+50.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 299M+8.4% | 276M+1.9% | 271M+5.9% | 256M+4.5% | 245M+36.8% | ||
| Depreciation & amortization | 160M+5.2% | 152M-0.7% | 153M+1.9% | 150M+16.4% | 129M-2.0% | |
| Intangible amortization | 5.30M+231.3% | 1.60M+77.8% | 900K-89.4% | 8.50M+123.7% | 3.80M-73.8% | |
| Share-based compensation | 9.60M+30.5% | 7.36M+15.7% | 6.36M+19.6% | 5.32M+13.9% | 4.67M+134.7% | |
| -675M-1031.1% | -59.7M-345.3% | 24.3M+102.8% | -860M-47.6% | -582M-866.7% | ||
| Capital expenditure | 29.7M+76.9% | 16.8M-63.7% | 46.3M+47.4% | 31.4M+1863.3% | 1.60M-85.2% | |
| Free cash flow | 270M+4.0% | 259M+15.4% | 225M+0.1% | 225M-7.7% | 243M+44.7% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| 393M+277.9% | -221M+33.9% | -335M-152.6% | 636M+150.0% | 254M+996.6% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 37.9M+3908.2% | -996K-453.3% | -180K-100.0% | 496M+76.8% | 280M-52.4% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 219M+0.9% | 217M+4.5% | 208M+14.5% | 181M+17.3% | 154M+115.9% | |
| Interest paid | 80.3M+8.9% | 73.7M-4.5% | 77.1M+7.1% | 72.0M+25.7% | 57.3M-21.1% | |
| Income taxes paid | — | — | 300K-25.0% | 400K-33.3% | 600K-60.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 3.33B+11.0% | 2.99B-7.1% | 3.22B+14.9% | 2.81B-30.8% | 4.06B+90.8% | |
| P/E | 34.5×+86.9% | 18.4×+5.0% | 17.6×-26.4% | 23.8×-39.8% | 39.6×-4.6% | |
| P/S | 7.3×+5.6% | 6.9×-3.2% | 7.2×-0.9% | 7.2×-31.7% | 10.6×+60.3% | |
| P/B | 1.1×+14.9% | 1.0×-3.5% | 1.0×+4.6% | 1.0×-37.2% | 1.6×+70.2% | |
| P/FCF | 12.3×+6.8% | 11.5×-17.9% | 14.1×+17.2% | 12.0×-28.0% | 16.7×+31.9% | |
| Earnings yield | 2.9%-46.5% | 5.4%-4.8% | 5.7%+35.9% | 4.2%+66.1% | 2.5%+4.9% | |
| FCF yield | 8.1%-6.4% | 8.7%+21.9% | 7.1%-14.7% | 8.3%+38.9% | 6.0%-24.2% | |
| Dividend yield | 6.7%-8.3% | 7.3%+12.0% | 6.5%+8.4% | 6.0%+57.6% | 3.8%+13.2% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: BNL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BNL filings on SEC EDGAR → Not investment advice.