Broadstone Net Lease, Inc.BNLEarnings & Financial Report
Broadstone Net Lease, Inc. is a real estate investment trust (REIT) that acquires, owns, and manages a diversified portfolio of single-tenant commercial real estate assets across the United States. Its portfolio covers key segments including industrial facilities, healthcare properties, retail locations, and office spaces, all leased to tenants under long-term net lease agreements.
Revenue
$118.3M
Gross Profit
N/A
Operating Profit
N/A
Net Profit
$33.1M
Gross Margin
N/A
Operating Margin
N/A
Net Margin
28.0%
YoY Growth
5.5%
EPS
$0.17
Broadstone Net Lease, Inc. Q4 FY2025 Financial Summary
Broadstone Net Lease, Inc. reported revenue of $118.3M (up 5.5% YoY) for Q4 FY2025, with a net profit of $33.1M (up 25.5% YoY) (28.0% margin).
Key Financial Metrics
| Total Revenue | $118.3M |
|---|---|
| Net Profit | $33.1M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Broadstone Net Lease, Inc. Q4 FY2025 revenue of $118.3M breaks down across 2 segments, led by Other at $66.9M (56.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $66.9M | 56.6% |
| Two Thousand Twenty Four Atm Program | $51.4M | 43.4% |
Broadstone Net Lease, Inc. Annual Revenue by Year
Broadstone Net Lease, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $454.1M).
| Year | Annual Revenue |
|---|---|
| 2025 | $454.1M |
| 2024 | $431.8M |
| 2023 | $442.9M |
| 2022 | $407.5M |
Broadstone Net Lease, Inc. Quarterly Revenue & Net Profit History
Broadstone Net Lease, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $121.4M | +11.7% | $46.4M | 38.2% |
| Q4 FY2025 | $118.3M | +5.5% | $33.1M | 28.0% |
| Q3 FY2025 | $114.2M | +5.3% | $26.5M | 23.2% |
| Q2 FY2025 | $113.0M | +6.7% | $20.2M | 17.8% |
| Q1 FY2025 | $108.7M | +3.2% | $16.7M | 15.4% |
| Q4 FY2024 | $112.1M | +6.8% | $26.4M | 23.5% |
| Q3 FY2024 | $108.4M | -1.0% | $35.6M | 32.8% |
| Q2 FY2024 | $105.9M | -3.2% | $35.3M | 33.4% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $105.9M | $108.4M | $112.1M | $108.7M | $113.0M | $114.2M | $118.3M | $121.4M |
| YoY Growth | -3.2% | -1.0% | 6.8% | 3.2% | 6.7% | 5.3% | 5.5% | 11.7% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $5.26B | $5.26B | $5.22B | $5.24B | $5.33B | $5.52B | $5.72B | $5.85B |
| Liabilities | $2.07B | $2.12B | $2.07B | $2.16B | $2.29B | $2.51B | $2.68B | $2.82B |
| Equity | $3.05B | $3.00B | $3.00B | $2.95B | $2.91B | $2.88B | $2.90B | $3.02B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $74.2M | $67.3M | $276.3M | $71.5M | $79.3M | $64.2M | $299.5M |