Broadstone Net Lease, Inc.

BNL Real Estate Reit Diversified

Broadstone Net Lease, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $454.1 million, up 5.17% from fiscal 2024.

Revenue
+6.74%
EPS
+5.36%
Free cash flow
−35.3%
Total debt
+35.9%

Quarter to September 2026, against a year earlier

18.02 0.04 +0.22%
Market cap
$3.5B
P/E
23.4×
Fwd P/E
23.4×
Dividend yield
6.50%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Broadstone Net Lease, Inc. (BNL) Debt to equity

Alert me on Debt to equity

Broadstone Net Lease, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.6×, up 0.2× from fiscal 2025 (0.4×). Over the past ten years it has ranged from 0.0× (fiscal 2018) to 1.1× (fiscal 2017); the current reading is higher than 73% of that period. That is below the Reit Diversified industry median of 1.0× and below the Real Estate sector median of 0.8×.

Debt to equity, annual

Embed this chart

Annual newest first

Period Debt to equity Change
FY2025 0.4× 31.82%
FY2024 0.3× 7.61%
FY2023 0.3× (8.27%)
FY2022 0.3× (7.45%)
FY2021 0.3× (11.04%)
FY2020 0.4× 249.68%
FY2019 0.1× —
FY2018 0.0× —
FY2017 1.1× 5.84%
FY2016 1.0× (2.82%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.6× 21.56%
Jun 2026 0.5× 4.06%
Mar 2026 0.5× (4.02%)
Dec 2025 0.5× 12.49%
25 more quarters

Against its own ten years

Low 0.0× High 1.1×
Ten-year median 0.3×
Current reading's percentile 73

Debt to equity against peers

Company Debt to equity
BNL Broadstone Net Lease, Inc. 0.6×
GNL Global Net Lease, Inc. compare 0.9×
WPC W.P. Carey Inc. compare 1.0×
CTO CTO Realty Growth, Inc. compare 1.1×
ESRT Empire State Realty Trust, Inc. compare 1.2×
AHRT AH Realty Trust Inc compare 1.5×
AAT American Assets Trust, Inc. compare 1.6×
SAFE Safehold Inc. compare 1.8×
JBGS JBG SMITH Properties compare 2.3×
Reit Diversified industry median 1.0×
Real Estate sector median 0.8×
Market median 0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

More on BNL