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) Free cash flow margin

Alert me on Free cash flow margin

Broadstone Net Lease, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was −87.1%, down 4.6 percentage points from fiscal 2025 (−82.5%). Over the past ten years it has ranged from −229.6% (fiscal 2019) to 66.7% (fiscal 2023); the current reading is higher than 45% of that period. That is below the Reit Diversified industry median of 4.30% and below the Real Estate sector median of 9.33%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 −82.5% (132.68)
FY2024 50.2% (16.47)
FY2023 66.7% 214.84
FY2022 −148.2% (59.92)
FY2021 −88.3% (135.00)
FY2020 46.8% 276.31
FY2019 −229.6% (61.40)
FY2018 −168.2% (223.36)
FY2017 55.2% 8.17
FY2016 47.0% 7.66

Against its own ten years

Low −229.6% High 66.7%
Ten-year median 39.4%
Current reading's percentile 45

Free cash flow margin against peers

Company Free cash flow margin
GNL Global Net Lease, Inc. compare 43.8%
AHRT AH Realty Trust Inc compare 23.1%
AAT American Assets Trust, Inc. compare 16.9%
JBGS JBG SMITH Properties compare −8.31%
WPC W.P. Carey Inc. compare −10.4%
SAFE Safehold Inc. compare −33.3%
CTO CTO Realty Growth, Inc. compare −38.4%
ESRT Empire State Realty Trust, Inc. compare −38.4%
BNL Broadstone Net Lease, Inc. −87.1%
Reit Diversified industry median 4.30%
Real Estate sector median 9.33%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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