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) Shares outstanding
Broadstone Net Lease, Inc.'s shares outstanding at the end of fiscal 2025 was $197.6M, unchanged from fiscal 2024. At the end of the quarter to 30 September 2026 it was $201.1M. Over the past ten years it has ranged from $18.6M (fiscal 2017) to $197.6M (fiscal 2025) — the current reading is the highest in ten years. Broadstone Net Lease, Inc. ranks 5th of 16 Reit Diversified companies by shares outstanding.
Shares outstanding, annual
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Annual newest first
| Period | Shares outstanding | Change |
|---|---|---|
| FY2025 | $197.6M | 0.49% |
| FY2024 | $196.6M | 0.15% |
| FY2023 | $196.3M | 8.94% |
| FY2022 | $180.2M | 9.90% |
| FY2021 | $164.0M | 27.31% |
| FY2020 | $128.8M | 25.21% |
| FY2019 | $102.9M | 17.37% |
| FY2018 | $87.6M | 372.03% |
| FY2017 | $18.6M | — |
Quarterly newest first
| Period | Shares outstanding | Change |
|---|---|---|
| Sep 2026 | $201.1M | 0.43% |
| Jun 2026 | $200.3M | 0.25% |
| Mar 2026 | $199.8M | 1.10% |
| Dec 2025 | $197.6M | (0.03%) |
| 23 more quarters | Free account |
Against its own ten years
Shares outstanding against peers
| Company | Shares outstanding |
|---|---|
| ESRT Empire State Realty Trust, Inc. compare | $268.9M |
| WPC W.P. Carey Inc. compare | $231.7M |
| GNL Global Net Lease, Inc. compare | $211.3M |
| BNL Broadstone Net Lease, Inc. | $201.1M |
| AAT American Assets Trust, Inc. compare | $76.9M |
| AHRT AH Realty Trust Inc compare | $75.3M |
| SAFE Safehold Inc. compare | $71.6M |
| JBGS JBG SMITH Properties compare | $58.3M |
| CTO CTO Realty Growth, Inc. compare | $37.6M |
What Shares outstanding is
Shares (Diluted, Weighted) tells an investor how many shares a company’s earnings are spread across once potential new shares are counted.
Reported line item
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