Stocks Real estate BNL
NYSE · Real estateBroadstone Net Lease, Inc. (BNL)
Broadstone Net Lease, Inc. brought in $483.9M of revenue over the twelve months to September 30, 2026, up 8.0% from a year earlier. Net income was $146.4M, a net margin of 30.3%. Operating cash flow minus capital spending left $269.8M of free cash flow in fiscal 2025. At September 30, 2026 it held $12.2M in cash against $2.9B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 28, 2026.
Key facts about Broadstone Net Lease, Inc.
- Net worth
- Broadstone Net Lease, Inc. has a market value (market cap) of $3.4B at the latest share price, and shareholders' equity of $2.9B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $454.1M (+5.2% year on year), with net income of $96.5M. Over the 12 months to September 30, 2026: revenue $483.9M, net income $146.4M.
- Cash flow
- In fiscal 2025 operations brought in $299.5M of cash; after $29.7M of capital spending, free cash flow was $269.8M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 28, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Broadstone Net Lease, Inc.'s next report is expected around February 17, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Broadstone Net Lease, Inc. declared dividends of $1.16 per share in fiscal 2025, a yield of 6.50% at the current price.
What Broadstone Net Lease, Inc. does
Broadstone Net Lease, Inc. is registered with the SEC under industry code SIC 6798 (Real Estate Investment Trusts). Its shares trade on NYSE under the ticker BNL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $454.1M | $96.5M | $0.50 | $269.8M |
| 2024 | $431.8M | $162.4M | $0.86 | $259.5M |
| 2023 | $442.9M | $155.5M | $0.83 | $224.8M |
| 2022 | $407.5M | $122.1M | $0.72 | $224.5M |
| 2021 | $382.9M | $102.4M | $0.67 | $243.3M |
| 2020 | $321.6M | $51.2M | $0.44 | $168.2M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where BNL ranks in Real estate
Dividends
Broadstone Net Lease, Inc. declared $1.16 per share in fiscal 2025. At the current price that is a yield of 6.50%. It paid out $218.8M in cash dividends, 227% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.16 | $218.8M | 227% |
| 2024 | $1.16 | $216.8M | 133% |
| 2023 | $1.12 | $207.5M | 133% |
| 2022 | n/a | $181.2M | 148% |
| 2021 | n/a | $154.5M | 151% |
| 2020 | n/a | $71.5M | 140% |
Latest SEC filings
What Broadstone Net Lease, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 28, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 6.7% to $121.9M versus the same quarter last year; diluted EPS $0.14 versus $0.14.
- October 28, 2026
- October 5, 2026
- August 25, 2026
- August 10, 2026Other event 8-K
- August 7, 2026Passive stake (5% or more) SCHEDULE 13G
- July 29, 2026Quarterly report (amended) 10-Q/A · period to June 30, 2026Revenue rose 8.3% to $122.3M versus the same quarter last year; diluted EPS $0.21 versus $0.10.
- July 29, 2026New debt 8-K
- July 29, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 8.3% to $122.3M versus the same quarter last year; diluted EPS $0.21 versus $0.10.
- July 29, 2026
What is BNL worth? A DCF from its reported cash flow
Insider trades
What the people running Broadstone Net Lease, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $211.6K worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 1, 2026 | Jacobstein David MDirector | Received as pay | 202 | - |
| October 1, 2026 | Coke Michael ADirector | Received as pay | 1,081 | - |
| October 1, 2026 | Imperiale Richard PDirector | Received as pay | 523 | - |
| October 1, 2026 | Hawkes Laurie A.Director | Received as payindirect | 1,858 | - |
| October 1, 2026 | Saffire JosephDirector | Received as pay | 912 | - |
| October 1, 2026 | Watters James HDirector | Received as pay | 1,013 | - |
| October 1, 2026 | Felice Laura L.Director | Received as pay | 1,148 | - |
| October 1, 2026 | Duran JessicaDirector | Received as pay | 1,148 | - |
Who owns BNL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Portfolio Management13G, passive | 10.26% | May 6, 2026 |
| Vanguard Capital Management13G, passive | 5.27% | April 29, 2026 |
Largest institutional holders
Insiders
16 insiders reported holding 2,180,645 shares in total, about $38.9M at the last price.
| Holder | Shares |
|---|---|
| Moragne John DavidCEO | 576,550 |
| Albano Ryan MPresident & COO | 400,605 |
| Fennell KevinEVP, CFO & Treasurer | 220,036 |
| Hawkes Laurie A.Director | 147,541147,541 held indirectly |
| Watters James HDirector | 128,362 |
| Caruso Michael B.SVP, Underwriting & Strategy | 112,947 |
| Callan JohnSVP & General Counsel | 104,140 |
| Garner William D.SVP, Acquisitions | 84,842 |
| O'Brien JennieSVP, Chief Accounting Officer | 78,044 |
| Wiegel MollySVP, Human Resources & Admin | 72,297 |
Questions about BNL
What does Broadstone Net Lease, Inc. do?
Broadstone Net Lease, Inc. is a company in the Real estate sector, listed on NYSE as BNL. Its shares trade on NYSE under the ticker BNL.
What is Broadstone Net Lease, Inc.'s net worth?
Broadstone Net Lease, Inc. has a market value (market cap) of $3.4B at the latest share price, and shareholders' equity of $2.9B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Broadstone Net Lease, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $146.4M on revenue of $483.9M, a net margin of 30.3%.
How much revenue does Broadstone Net Lease, Inc. make?
Over the twelve months to September 30, 2026 Broadstone Net Lease, Inc. reported revenue of $483.9M. That is 8.0% more than a year earlier.
When did Broadstone Net Lease, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 28, 2026. It covers the period to September 30, 2026.
When is Broadstone Net Lease, Inc.'s next earnings report?
Broadstone Net Lease, Inc.'s next report is expected around February 17, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Broadstone Net Lease, Inc. pay a dividend?
Yes. Broadstone Net Lease, Inc. declared dividends of $1.16 per share in fiscal 2025, a yield of 6.50% at the current price.
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Where the numbers come from
Financial figures are the values Broadstone Net Lease, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.