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
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Broadstone Net Lease, Inc. (BNL) Operating margin
Broadstone Net Lease, Inc.'s operating margin over the twelve months to 30 September 2026 was 46.0%, up 4.5 percentage points from fiscal 2025 (41.5%). Over the past ten years it has ranged from 0.00% (fiscal 2017) to 46.1% (fiscal 2022); the current reading is higher than 55% of that period. That is above the Reit Diversified industry median of 31.7% and above the Real Estate sector median of 18.4%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 41.5% | 3.54 |
| FY2024 | 38.0% | (5.16) |
| FY2023 | 43.1% | (3.02) |
| FY2022 | 46.1% | 2.33 |
| FY2021 | 43.8% | 6.29 |
| FY2020 | 37.5% | (7.65) |
| FY2019 | 45.2% | (0.90) |
| FY2018 | 46.1% | 46.07 |
| FY2017 | 0.00% | 0.00 |
| FY2016 | 0.00% | 0.00 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 42.3% | (0.22) |
| Jun 2026 | 42.5% | (9.71) |
| Mar 2026 | 52.2% | 4.92 |
| Dec 2025 | 47.3% | 2.81 |
| 24 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| SAFE Safehold Inc. compare | 75.6% |
| BNL Broadstone Net Lease, Inc. | 46.0% |
| WPC W.P. Carey Inc. compare | 43.8% |
| GNL Global Net Lease, Inc. compare | 39.6% |
| CTO CTO Realty Growth, Inc. compare | 37.5% |
| AHRT AH Realty Trust Inc compare | 27.9% |
| AAT American Assets Trust, Inc. compare | 23.6% |
| JBGS JBG SMITH Properties compare | −0.88% |
| ESRT Empire State Realty Trust, Inc. compare | −4.40% |
| Reit Diversified industry median | 31.7% |
| Real Estate sector median | 18.4% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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