stockrowBroadstone 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
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Broadstone Net Lease, Inc. (BNL) Gross margin
Broadstone Net Lease, Inc.'s gross margin over the twelve months to 30 September 2026 was 94.7%, down 0.2 percentage points from fiscal 2025 (94.9%). Over the past ten years it has ranged from 0.00% (fiscal 2017) to 95.2% (fiscal 2021); the current reading is higher than 91% of that period. That is above the Reit Diversified industry median of 74.9% and above the Real Estate sector median of 64.7%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 94.9% | 0.67 |
| FY2024 | 94.3% | (0.63) |
| FY2023 | 94.9% | 0.24 |
| FY2022 | 94.7% | (0.52) |
| FY2021 | 95.2% | 1.78 |
| FY2020 | 93.4% | 8.83 |
| FY2019 | 84.6% | (0.33) |
| FY2018 | 84.9% | 84.90 |
| FY2017 | 0.00% | 0.00 |
| FY2016 | 0.00% | 0.00 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 94.0% | (1.26) |
| Jun 2026 | 95.2% | 0.33 |
| Mar 2026 | 94.9% | 0.22 |
| Dec 2025 | 94.7% | 0.12 |
| 24 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| BNL Broadstone Net Lease, Inc. | 94.7% |
| SAFE Safehold Inc. compare | 92.6% |
| WPC W.P. Carey Inc. compare | 90.7% |
| GNL Global Net Lease, Inc. compare | 88.8% |
| CTO CTO Realty Growth, Inc. compare | 75.1% |
| ESRT Empire State Realty Trust, Inc. compare | 74.7% |
| AAT American Assets Trust, Inc. compare | 70.8% |
| AHRT AH Realty Trust Inc compare | 67.3% |
| JBGS JBG SMITH Properties compare | 61.9% |
| Reit Diversified industry median | 74.9% |
| Real Estate sector median | 64.7% |
| Market median | 46.4% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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