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) Shares outstanding

Alert me on 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

Embed this chart

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

Against its own ten years

Low $18.6M High $197.6M
Ten-year median $164.0M
Current reading's percentile 100

Shares outstanding against peers

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

The full definition of Shares outstanding →

More on BNL