Broadstone Net Lease, Inc.

BNL

Broadstone Net Lease, Inc.

BNL

Insider Sentiment (TTM):

Last Purchase:2025-07-15Last Sale:2024-05-14Shares Purchased (TTM):0Shares Sold (TTM):0

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:137,482,939Shares Outstanding:190,435,000Institutional Ownership Pct.:72.19%

Earnings Market Reaction:

Filing Date:2026-07-29Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Land	-4	823	781	770	4	4	779	6	-673	724	749	0
Land Improvements	9	382	373	355	2	2	357	4	-306	316	329	0
Building Improvements	-12	4,173	4,119	3,861	43	50	3,816	56	-3,448	3,591	3,803	0
Machinery And Equipment	-4	15	15	0	0	16	16	8	0	8	8	0
Assets
Property Subject To Or Available For Operating Lea…	5,382	5,393	5,288	5,108	5,032	5,006	4,967	4,992	4,814	4,640	4,889	4,912
Property Subject To Or Available For Operating Lea…	-823	-804	-773	-745	-721	-695	-672	-644	-628	-606	-627	-602
Property Subject To Or Available For Operating Lea…	4,559	4,590	4,516	4,362	4,311	4,311	4,295	4,348	4,186	4,034	4,262	4,310
Direct Financing Lease Net Investment In Lease	25	25	25	26	26	26	26	26	26	27	27	27
Sales Type Lease Net Investment In Lease	14	14	14	14	1	1	1	1	1	1	1	1
Real Estate Investment Property At Cost	385	329	266	179	117	35	19	0	165	133	95	50
Real Estate Investment Property Net	4,984	4,959	4,822	4,581	4,454	4,373	4,340	4,374	4,378	4,194	4,384	4,388
Cash And Cash Equivalents At Carrying Value	11	20	31	82	21	10	15	9	18	222	19	35
Accounts Receivable Net	-	-	-	-	-	166	163	158	154	149	153	152
Deferred Rent Receivables Net	187	185	179	175	172	-	163	-	-	-	-	-
Prepaid Expense And Other Assets	63	56	56	60	56	52	42	36	33	33	37	42
Interest Rate Derivative Assets At Fair Value	23	20	18	20	23	30	46	28	56	58	46	79
Goodwill	340	340	340	340	340	340	340	340	340	340	340	340
Finite Lived Intangible Assets Net	251	262	268	258	257	264	268	277	283	273	288	298
Assets	5,865	5,845	5,717	5,519	5,327	5,237	5,216	5,263	5,265	5,270	5,269	5,335
Liabilities And Stockhold…
Line Of Credit	447	398	266	96	198	174	93	125	79	74	90	74
Secured Debt	41	56	57	57	76	76	77	77	78	79	79	80
Unsecured Debt	-	-	-	-	-	894	897	897	897	896	896	896
Senior Notes	1,192	1,191	1,191	1,190	846	846	846	846	846	845	845	845
Interest Rate Derivative Liabilities At Fair Value	0	1	2	2	8	3	0	13	-	-	-	-
Accounts Payable And Other Accrued Liabilities	72	62	60	56	57	48	49	48	43	41	48	45
Dividends Payable Current	-	-	-	-	-	58	58	58	58	57	57	56
Dividends Payable Current And Noncurrent	61	60	60	59	58	-	58	-	-	-	-	-
Interest Payable Current And Noncurrent	10	22	14	9	9	9	6	10	14	9	6	9
Below Market Lease Net	38	40	42	43	45	47	49	51	53	51	54	55
Liabilities	2,857	2,824	2,684	2,507	2,291	2,156	2,075	2,125	2,067	2,052	2,074	2,060
Stockholders Equity Inclu…
Stockholders Equity
Preferred Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital Common Stock	3,505	3,502	3,502	3,463	3,460	3,456	3,451	3,450	3,444	3,447	3,441	3,431
Accumulated Distributions In Excess Of Net Income	-649	-631	-620	-598	-571	-536	-497	-468	-450	-430	-441	-394
Accumulated Other Comprehensive Income Loss Net Of…	25	21	20	19	18	30	50	17	60	57	49	84
Stockholders Equity	3,008	2,892	2,902	3,013	3,036	3,081	3,004	2,999	3,055	3,074	3,049	3,121
Minority Interest	127	129	131	128	129	131	138	139	143	144	145	155
Liabilities And Stockholders Equity	5,865	5,845	5,717	5,519	5,327	5,237	5,216	5,263	5,265	5,270	5,269	5,335
Preferred Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Preferred Stock Shares Authorized	20	20	20	20	20	20	20	20	20	20	20	20
Preferred Stock Shares Issued	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Shares Outstanding	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Par Or Stated Value Per Share	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Shares Authorized	500	500	500	500	500	500	500	500	500	500	500	500
Common Stock Shares Issued	192	192	191	189	189	189	189	189	189	188	188	187
Shares Outstanding	192	192	191	189	189	189	189	189	189	188	188	187

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	3.03%	3.94%	16.77%	-	-	-	-	-	-	-	-	-
2025	-2.52%	2.71%	1.25%	12.32%	12.87%	16.23%	2.06%	-2.29%	6.10%	3.32%	8.29%	7.96%
2024	-0.92%	3.22%	15.51%	4.37%	7.58%	9.15%	-1.93%	-8.64%	-8.80%	6.43%	-4.35%	3.64%
2023	-	-	-	-3.36%	-9.33%	-12.57%	10.58%	20.68%	17.80%	0.07%	0.41%	4.31%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Leverage & Debt
Interest Coverage TTM	0.39	0.25	0.01	0.06	0.32	0.58	1.27	0.87	1.01	1.31	0.94	1.19
Per Share Metrics
Diluted EPS TTM	0.73	0.63	0.49	0.49	0.53	0.61	0.86	0.70	0.77	0.91	0.79	0.94
Free Cash Flow Per Share TTM	1.35	1.51	1.43	1.33	1.34	1.32	1.38	1.31	1.35	1.25	1.20	1.23
Dividend Per Share TTM	1.15	1.15	1.16	1.16	1.17	1.16	1.16	1.14	1.13	1.12	1.11	1.08
Margin Metrics
Gross Profit Margin TTM	-	-	-	-	-	117.37%	117.16%	117.30%	117.61%	118.05%	118.08%	118.86%
Operating Profit Margin TTM	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Profit Margin TTM	30.62%	27.02%	21.25%	21.50%	23.85%	27.72%	39.14%	32.37%	35.59%	41.75%	35.11%	41.22%
Growth Metrics
Net Revenue Growth (1Y)	7.68%	7.29%	5.17%	5.49%	3.85%	1.37%	-2.50%	-5.63%	-4.10%	-0.79%	8.68%	15.98%
Net Income Growth (1Y)	38.25%	4.58%	-42.90%	-29.95%	-30.42%	-32.70%	8.69%	-25.89%	-7.89%	32.71%	27.32%	46.95%
EPS Growth (1Y)	36.33%	3.17%	-43.10%	-30.17%	-30.64%	-32.90%	8.20%	-26.18%	-8.23%	31.88%	15.87%	35.79%
Valuation Metrics
P/E TTM	27.04	27.20	32.87	33.32	26.88	24.48	15.95	23.00	17.20	14.09	17.44	11.95
P/B TTM	1.31	1.19	1.05	1.07	0.93	0.96	0.86	1.05	0.85	0.82	0.85	0.71
P/S TTM	8.28	7.35	6.98	7.16	6.41	6.78	6.24	7.45	6.12	5.88	6.12	4.93
Market Cap	3.94B	3.43B	3.17B	3.21B	2.83B	2.95B	2.69B	3.16B	2.61B	2.52B	2.71B	2.22B
Enterprise Value	5.12B	4.60B	4.33B	4.32B	3.66B	3.79B	3.52B	4.00B	3.43B	3.15B	3.54B	3.03B
Calculated Values
Free Cash Flow TTM	257.11M	287.41M	269.79M	249.28M	251.51M	248.83M	259.46M	245.78M	253.55M	233.76M	224.82M	229.27M
Net Debt	1.18B	1.17B	1.16B	1.11B	824.47M	836.65M	830.07M	836.88M	827.41M	623.76M	825.82M	810.06M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2025-07-15Purchase

Owner: Fennell, Kevin

Title: EVP, CFO & Treasurer

Shares: 859

Price/Share: $15.92

Value: $13,677.03

Shares Owned: 179,288

Relationship: Officer

Ownership: Direct

2025-05-14Purchase

Owner: Imperiale, Richard P

Title: -

Shares: 2,500

Price/Share: $15.78

Value: $39,450.00

Shares Owned: 16,263

Relationship: Director

Ownership: Direct

2025-05-09Purchase

Owner: Imperiale, Richard P

Title: -

Shares: 2,500

Price/Share: $16.34

Value: $40,850.00

Shares Owned: 11,263

Relationship: Director

Ownership: Direct

2025-05-08Purchase

Owner: Jacobstein, David M

Title: -

Shares: 1,500

Price/Share: $16.28

Value: $24,420.00

Shares Owned: 65,633

Relationship: Director

Ownership: Direct

2025-05-07Purchase

Owner: Albano, Ryan M

Title: President & COO

Shares: 10,000

Price/Share: $16.52

Value: $165,200.00

Shares Owned: 318,548

Relationship: Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2025-07-15	Fennell, Kevin	Officer	EVP, CFO & Treasurer	Direct	Purchase	859	15.92	$13,677.03	179,288	4
2025-05-14	Imperiale, Richard P	Director	-	Direct	Purchase	2,500	15.78	$39,450.00	16,263	4
2025-05-09	Imperiale, Richard P	Director	-	Direct	Purchase	2,500	16.34	$40,850.00	11,263	4
2025-05-08	Jacobstein, David M	Director	-	Direct	Purchase	1,500	16.28	$24,420.00	65,633	4
2025-05-07	Albano, Ryan M	Officer	President & COO	Direct	Purchase	10,000	16.52	$165,200.00	318,548	4
2025-05-07	Felice, Laura L.	Director	-	Direct	Purchase	9,250	16.36	$151,330.00	28,650	4
2025-05-06	Fennell, Kevin	Officer	EVP, CFO & Treasurer	Direct	Purchase	5,000	15.87	$79,350.00	178,429	4
2025-05-06	Watters, James H	Director	-	Direct	Purchase	2,000	15.98	$31,960.00	122,362	4
2025-05-05	Saffire, Joseph	Director	-	Direct	Purchase	10,000	16.08	$160,800.00	16,263	4
2025-05-05	Duran, Jessica	Director	-	Direct	Purchase	6,173	16.11	$99,447.03	25,573	4
2025-05-05	Moragne, John David	Director,Officer	Chief Executive Officer	Direct	Purchase	10,000	16.13	$161,300.00	449,791	4
2025-05-05	Hawkes, Laurie A.	Director	-	Indirect	Purchase	10,000	16.14	$161,400.00	140,696	4
2025-05-05	Coke, Michael A	Director	-	Direct	Purchase	10,000	16.07	$160,700.00	57,963	4
2024-05-14	Wiegel, Molly	Officer	SVP - Human Resources & Admin	Direct	Sale	6,320	15.48	$97,837.93	56,680	4
2024-02-27	Narasimhan, Shekar	Director	-	Direct	Purchase	5,000	14.87	$74,350.00	5,000	4
2024-02-26	Fennell, Kevin	Officer	EVP & CFO	Direct	Purchase	4,000	14.63	$58,520.00	63,556	4
2024-02-26	Coke, Michael A	Director	-	Direct	Purchase	10,000	14.67	$146,700.00	34,817	4
2024-02-26	Moragne, John David	Director,Officer	Chief Executive Officer	Direct	Purchase	10,000	14.77	$147,700.00	162,256	4
2023-03-17	Albano, Ryan M	Officer	President & COO	Direct	Purchase	6,200	16.74	$103,788.00	157,297	4
2023-03-17	Moragne, John David	Director,Officer	Chief Executive Officer	Direct	Purchase	5,982	16.72	$100,019.04	152,256	4
2023-03-10	Fennell, Kevin	Officer	EVP & CFO	Direct	Purchase	3,250	16.45	$53,462.50	59,556	4
2023-03-10	Caruso, Michael B.	Officer	SVP, Corporate Strategy & IR	Direct	Purchase	1,000	16.33	$16,330.00	28,825	4
2023-02-28	Pickney, Roderick	Officer	SVP - Acquisitions	Direct	Sale	8,404	17.85	$150,018.36	58,008	4
2023-02-27	Coke, Michael A	Director	-	Direct	Purchase	10,000	17.92	$179,200.00	18,563	4
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Institutional Ownership

No data available for chart

2026-03-31

72.19%

Inst. Shares: 137,482,939

Shares Outstanding: 190,435,000

2025-12-31

86.64%

Inst. Shares: 162,987,163

Shares Outstanding: 188,123,000

2025-09-30

80.86%

Inst. Shares: 152,097,571

Shares Outstanding: 188,099,000

2025-06-30

81.09%

Inst. Shares: 152,486,535

Shares Outstanding: 188,041,000

2025-03-31

80.89%

Inst. Shares: 151,958,321

Shares Outstanding: 187,865,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	137,482,939	190,435,000	72.19%
2025-12-31	162,987,163	188,123,000	86.64%
2025-09-30	152,097,571	188,099,000	80.86%
2025-06-30	152,486,535	188,041,000	81.09%
2025-03-31	151,958,321	187,865,000	80.89%
2024-12-31	151,931,767	187,454,000	81.05%
2024-09-30	134,303,748	187,496,000	71.63%
2024-06-30	148,300,963	187,436,000	79.12%
2024-03-31	147,185,440	187,290,000	78.59%
2023-12-31	145,471,329	186,617,000	77.95%
2023-09-30	143,057,828	186,766,000	76.60%
2023-06-30	141,464,642	186,733,000	75.76%
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Broadstone Net Lease, Inc. (BNL) — SEC Financial Statements & Analysis

Broadstone Net Lease, Inc. (BNL) is a real estate investment trusts company. Broadstone Net Lease, Inc. trades on NYSE as: BNL. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Broadstone Net Lease, Inc. reported a 7.68% year-over-year revenue growth, a Gross Profit Margin of 117.37% (TTM), a Price-to-Sales (P/S) ratio of 8.28x (TTM), a Price-to-Book (P/B) ratio of 1.31x (TTM), at a market cap of $3.94B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 7.68%
Gross Profit Margin TTM: 117.37%
P/S TTM: 8.28x
P/B TTM: 1.31x
Market Cap: $3.94B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Broadstone Net Lease, Inc. in?

Broadstone Net Lease, Inc. (BNL) operates in the Real Estate Investment Trusts industry.

What is BNL's market cap?

Broadstone Net Lease, Inc. (BNL) has a market capitalization of $3.94B as of 2026-06-30.

What is BNL's P/E ratio?

Broadstone Net Lease, Inc. (BNL)'s trailing twelve month P/E ratio is 27.04x as of 2026-06-30.

What exchange does BNL trade on?

Broadstone Net Lease, Inc. (BNL) trades on the NYSE.