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) Net margin

Alert me on Net margin

Broadstone Net Lease, Inc.'s net margin over the twelve months to 30 September 2026 was 30.3%, up 9.0 percentage points from fiscal 2025 (21.3%). Over the past ten years it has ranged from 15.9% (fiscal 2020) to 37.6% (fiscal 2024); the current reading is higher than 27% of that period. That is above the Reit Diversified industry median of 2.33% and above the Real Estate sector median of 4.84%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 21.3% (16.37)
FY2024 37.6% 2.51
FY2023 35.1% 5.14
FY2022 30.0% 3.22
FY2021 26.8% 10.84
FY2020 15.9% (10.66)
FY2019 26.6% (2.64)
FY2018 29.2% 0.92
FY2017 28.3% 3.18
FY2016 25.1% 6.03

Quarterly newest first

Period Net margin Change (points)
Sep 2026 22.3% (10.29)
Jun 2026 32.5% (5.65)
Mar 2026 38.2% 10.19
Dec 2025 28.0% 4.82
24 more quarters

Against its own ten years

Low 15.9% High 37.6%
Ten-year median 26.8%
Current reading's percentile 60

Net margin against peers

Company Net margin
WPC W.P. Carey Inc. compare 35.6%
BNL Broadstone Net Lease, Inc. 30.3%
SAFE Safehold Inc. compare 27.7%
CTO CTO Realty Growth, Inc. compare 21.7%
AAT American Assets Trust, Inc. compare 4.77%
ESRT Empire State Realty Trust, Inc. compare 0.39%
GNL Global Net Lease, Inc. compare −12.5%
AHRT AH Realty Trust Inc compare −16.6%
JBGS JBG SMITH Properties compare −29.9%
Reit Diversified industry median 2.33%
Real Estate sector median 4.84%
Market median 1.22%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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