Security
Broadstone Net Lease, Inc. · BNL
BNLNYSECommon stockCurrentCIK 1424182Updated Oct 6, 2026
Name history
Broadstone Net Lease Inc · through Aug 10, 2017
BNL price & chart
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NYSE:BNL on TradingView ↗About the company
BNL is an industrial-focused, diversified net lease REIT that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. Utilizing an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting, as of December 31, 2025, BNL’s diversified portfolio consisted of 771 individual net leased commercial properties with 764 properties located in 44 U.S. states and seven properties located in four Canadian provinces across the industrial, retail, and other property types.
In the news
Recent filings
Regulation FD Disclosure
Items 7.01, 9.01
4 filing
4 filing
4 filing
Regulation FD Disclosure
Items 7.01, 9.01
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 5,717,267,000Source | 5,216,417,000Source | 5,268,735,000Source | 5,457,609,000Source |
| GoodwillUSD | 339,769,000Source | 339,769,000Source | 339,769,000Source | 339,769,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 30,540,000Source | 14,845,000Source | 19,494,000Source | 21,789,000Source |
| Accounts Receivable | — | — | — | — |
| Operating Lease, Right-of-Use AssetUSD | 9,578,000Source | 10,239,000Source | 8,476,000Source | 3,200,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 2,683,806,000Source | 2,074,993,000Source | 2,074,394,000Source | 2,195,104,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 48,000Source | 47,000Source | 47,000Source | 47,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 19,788,000Source | 49,657,000Source | 49,286,000Source | 59,525,000Source |
| Stockholders' Equity Attributable to ParentUSD | 2,901,995,000Source | 3,003,745,000Source | 3,049,241,000Source | 3,092,918,000Source |
| Additional Paid in Capital, Common StockUSD | 3,502,380,000Source | 3,450,584,000Source | 3,440,639,000Source | 3,419,395,000Source |
| Liabilities and EquityUSD | 5,717,267,000Source | 5,216,417,000Source | 5,268,735,000Source | 5,457,609,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 131,466,000Source | 137,679,000Source | 145,100,000Source | 169,587,000Source |
| Additional Financial Items | ||||
| Dividends Payable, CurrentUSD | — | 58,317,000Source | 56,869,000Source | 54,460,000Source |
| Dividends PayableUSD | 59,513,000Source | 58,300,000Source | 56,900,000Source | 54,500,000Source |
| Long-term DebtUSD | 2,522,753,000Source | 1,919,927,000Source | 1,919,607,000Source | 2,034,076,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 99,416,000Source | 168,989,000Source | 163,312,000Source | 129,475,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 159,616,000Source | 151,765,000Source | 152,781,000Source | 149,998,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 9,597,000Source | 7,355,000Source | 6,359,000Source | 5,316,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 299,496,000Source | 276,253,000Source | 271,074,000Source | 255,914,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -675,273,000Source | -59,703,000Source | 24,338,000Source | -859,643,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 29,706,000Source | 16,795,000Source | 46,252,000Source | 31,374,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 393,426,000Source | -221,189,000Source | -334,820,000Source | 636,000,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 218,775,000Source | 216,760,000Source | 207,522,000Source | 181,224,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 33,642,000Source | 15,993,000Source | 20,632,000Source | 60,040,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 80,250,000Source | 73,700,000Source | 77,100,000Source | 72,000,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 5,488,000Source | 3,932,000Source | 3,860,000Source | 3,588,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 5,488,000Source | 3,932,000Source | 3,938,000Source | 3,692,000Source |
| Amortization of Intangible AssetsUSD | 5,300,000Source | 1,600,000Source | 900,000Source | 8,500,000Source |
| AssetAcquisitionContingentConsiderationLiabilityUSD | — | — | 300,000Source | — |
| Dividends Payable, CurrentUSD | — | 58,317,000Source | 56,869,000Source | 54,460,000Source |
| Dividends PayableUSD | 59,513,000Source | 58,300,000Source | 56,900,000Source | 54,500,000Source |
| Gain (Loss) on Sale of PropertiesUSD | 12,601,000Source | 73,153,000Source | 54,310,000Source | 15,953,000Source |
| Gain (Loss) on Termination of LeaseUSD | 400,000Source | 1,200,000Source | 7,500,000Source | 2,500,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | -308,000Source |
| General and Administrative ExpenseUSD | 38,883,000Source | 37,986,000Source | 39,425,000Source | 37,375,000Source |
| GoodwillUSD | 339,769,000Source | 339,769,000Source | 339,769,000Source | 339,769,000Source |
| Income Tax Expense (Benefit)USD | 1,154,000Source | — | — | — |
| InterestExpenseNonoperatingUSD | 94,467,000Source | — | — | — |
| Investment Income, InterestUSD | 389,000Source | 994,000Source | 512,000Source | 44,000Source |
| Net Income (Loss) Attributable to ParentUSD | 96,495,000Source | 162,441,000Source | 155,478,000Source | 122,115,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 2,921,000Source | 6,548,000Source | 7,834,000Source | 7,360,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 95,254,000Source | 161,275,000Source | 154,918,000Source | 121,696,000Source |
| Other Nonoperating Income (Expense)USD | -6,417,000Source | 6,201,000Source | -1,681,000Source | 5,690,000Source |
| Proceeds from Issuance of Common StockUSD | 37,930,000Source | -996,000Source | -180,000Source | 495,566,000Source |
| Proceeds from Noncontrolling InterestsUSD | 4,381,000Source | 1,000,000Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 454,138,000Source | 431,800,000Source | 442,888,000Source | 407,513,000Source |
| Other Nonoperating Income (Expense)USD | -6,417,000Source | 6,201,000Source | -1,681,000Source | 5,690,000Source |
| Income Tax Expense (Benefit)USD | 1,154,000Source | — | — | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 2,921,000Source | 6,548,000Source | 7,834,000Source | 7,360,000Source |
| Net Income (Loss) Attributable to ParentUSD | 96,495,000Source | 162,441,000Source | 155,478,000Source | 122,115,000Source |
| Earnings Per Share, BasicUSD per share | 0.51Source | 0.86Source | 0.83Source | 0.72Source |
| Earnings Per Share, DilutedUSD per share | 0.5Source | 0.86Source | 0.83Source | 0.72Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 188,123,000Source | 187,454,000Source | 186,617,000Source | 169,840,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 197,573,000Source | 196,619,000Source | 196,315,000Source | 180,201,000Source |
| Interest Expense (non-operating)USD | 94,467,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 5,300,000Source | 1,600,000Source | 900,000Source | 8,500,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 1.16Source | — | — | — |
| Costs and ExpensesUSD | 265,674,000Source | 267,907,000Source | 251,901,000Source | 219,490,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 164,086,000Source | 156,179,000Source | 158,626,000Source | 154,807,000Source |
| General and Administrative ExpenseUSD | 38,883,000Source | 37,986,000Source | 39,425,000Source | 37,375,000Source |
| Interest ExpenseUSD | — | 74,077,000Source | 80,053,000Source | 78,652,000Source |
| Investment Income, InterestUSD | 389,000Source | 994,000Source | 512,000Source | 44,000Source |
| Lease IncomeUSD | 454,138,000Source | 431,800,000Source | 442,888,000Source | 407,513,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 95,254,000Source | 161,275,000Source | 154,918,000Source | 121,696,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | 1,241,000Source | 1,166,000Source | 560,000Source | -419,000Source |
Filing attachments
q12026btsfebupdate-ex991.htm · 8-K · 2026-02-25
EX-99.1 2 q12026btsfebupdate-ex991.htm EX-99.1 Document EXHIBIT 99.1 For Immediate Release February 25, 2026 Company Contact: Brent Maedl Director, Corporate Finance & Investor Relations brent.maedl@broadstone.com 585.382.8507 Broadstone Net Lease Announces Two Additional Build-to-Suit Developments for $62.1 million VICTOR, N.Y. - Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL”, the “Company”, “we”, “our”, or “us”), today announced it has added two new development projects to i…
Read attachment ↗d911536dex42.htm · 8-K · 2025-09-26
EX-4.2 3 d911536dex42.htm EX-4.2 EX-4.2 Exhibit 4.2 Execution Version BROADSTONE NET LEASE LLC BROADSTONE NET LEASE, INC., AS PARENT GUARANTOR, AND U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION (AS SUCCESSOR TO U.S. BANK NATIONAL ASSOCIATION), AS TRUSTEE SECOND SUPPLEMENTAL INDENTURE DATED AS OF SEPTEMBER 26, 2025 TO INDENTURE DATED SEPTEMBER 15, 2021 $350,000,000 OF 5.000% SENIOR NOTES DUE 2032 TABLE OF CONTENTS ARTICLE I. RELATION TO BASE INDENTURE; DEFINITIONS …
Read attachment ↗bnl-ex99_1.htm · 8-K · 2025-06-02
EX-99.1 2 bnl-ex99_1.htm EX-99.1 EX-99.1 For Immediate Release June 2, 2025 Company Contact: Brent Maedl Director, Corporate Finance & Investor Relations brent.maedl@broadstone.com 585.382.8507 Broadstone Net Lease Provides an Update on Recent Business Activity and Participation at Nareit’s REITweek 2025 Annual Conference VICTOR, N.Y. - Broadstone Net Lease, Inc. (NYSE: BNL) (“Broadstone,” “BNL,” the “Company,” “we,” “our,” or “us”), today provided an update on its rec…
Read attachment ↗bnl-ex99_1.htm · 8-K · 2025-04-30
EX-99.1 2 bnl-ex99_1.htm EX-99.1 EX-99.1 EXHIBIT 99.1 For Immediate Release April 30, 2025 Company Contact: Brent Maedl Director, Corporate Finance & Investor Relations brent.maedl@broadstone.com 585.382.8507 Broadstone Net Lease Announces First Quarter 2025 Results VICTOR, N.Y. - Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL”, the “Company”, “we”, “our”, or “us”), today announced its operating results for the quarter ended March 31, 2025. MANAGEMENT COMMENTARY “We a…
Read attachment ↗bnl-ex99_2.htm · 8-K · 2025-04-30
EX-99.2 3 bnl-ex99_2.htm EX-99.2 EX-99.2 Exhibit 99.2 toneet Lease, Inc. (NYSE: BNL) is a Real Estate Investment Trust (REIT) that acquires, owns, and manages single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. www.broadstone.com Table of Contents Section Page About the Data …
Read attachment ↗bnl-ex99_1.htm · 8-K · 2025-04-25
EX-99.1 2 bnl-ex99_1.htm EX-99.1 EX-99.1 For Immediate Release April 24, 2025 Company Contact: Brent Maedl Director, Corporate Finance & Investor Relations brent.maedl@broadstone.com 585.382.8507 Broadstone Net Lease Partners with Prologis, Inc. on a $78.2 Million Build-to-Suit Development VICTOR, N.Y. - Broadstone Net Lease, Inc. (NYSE: BNL) (“Broadstone,” “BNL,” the “Company,” “we,” “our,” or “us”), today announced it has added one new development with an aggregate e…
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