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Wednesday 4 November 2026 Export BNL’s income statement to Excel — free account

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
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Broadstone Net Lease, Inc. (BNL) P/B ratio

Alert me on P/B ratio

As of 3 November 2026, Broadstone Net Lease, Inc. (BNL) trades at a P/B ratio of 1.1×. Over the past ten years it has ranged from 0.8× (October 2023) to 1.6× (November 2021); the current reading is higher than 65% of that period. That is above the Reit Diversified industry median of 0.9× and above the Real Estate sector median of 1.0×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.1× 13.82%
FY2024 0.9× (7.70%)
FY2023 1.0× 21.65%
FY2022 0.8× (39.19%)
FY2021 1.4× 21.92%
FY2020 1.1× 3.35%
FY2019 1.1× 0.00%
FY2018 1.1× 0.00%
FY2017 1.1× 0.00%
FY2016 1.1× 0.00%

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.2× (10.11%)
Jun 2026 1.3× 13.78%
Mar 2026 1.2× 6.91%
Dec 2025 1.1× (3.46%)
24 more quarters

Against its own ten years

Low 0.8× High 1.6×
Ten-year median 1.1×
Current reading's percentile 65

P/B ratio against peers

Company P/B ratio
SAFE Safehold Inc. compare 0.3×
ESRT Empire State Realty Trust, Inc. compare 0.5×
JBGS JBG SMITH Properties compare 0.6×
AHRT AH Realty Trust Inc compare 0.9×
GNL Global Net Lease, Inc. compare 1.0×
CTO CTO Realty Growth, Inc. compare 1.1×
BNL Broadstone Net Lease, Inc. 1.1×
AAT American Assets Trust, Inc. compare 1.3×
WPC W.P. Carey Inc. compare 1.7×
Reit Diversified industry median 0.9×
Real Estate sector median 1.0×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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