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Broadstone Net Lease, Inc. (BNL)
Real Estate · REIT - Diversified · NYSE
Broadstone Net Lease, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $142.87M | $181.56M | $237.48M | $298.81M | $321.64M | $382.88M | $407.51M | $442.89M | $431.80M | $454.14M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $36.35M | $54.80M | $69.38M | $79.39M | $51.18M | $102.43M | $129.47M | $155.48M | $162.44M | $96.50M |
| Net margin | 25.4% | 30.2% | 29.2% | 26.6% | 15.9% | 26.8% | 31.8% | 35.1% | 37.6% | 21.2% |
Source: Broadstone Net Lease, Inc. SEC filings (10-K). 11 years of history available in the interactive view.
What growth is priced into BNL stock?
At today's market cap of $4.21B, Broadstone Net Lease, Inc. is priced for free-cash-flow growth of about 4.3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $269.79M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 9.9%/yr over the last five fiscal years and revenue 7.1%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 11 years of Broadstone Net Lease, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Broadstone Net Lease, Inc. financial history by metric
About Broadstone Net Lease, Inc.
Broadstone Net Lease, Inc. is an industrial-focused, diversified net lease real estate investment trust 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. We primarily, and selectively, invest in real estate across industrial and retail property types. We target properties with credit-worthy tenants in industries characterized by positive business drivers and trends, where the properties are an integral part of the tenant's business and there are opportunities to secure long-term net leases. Through long-term net leases, our tenants can retain operational control of their strategically important locations, while allocating their debt and equity capital to fund core business operations rather than real estate ownership. Broadstone Net Lease, Inc. was established on October 18, 2017 and is based in Victor, United States.
Broadstone Net Lease, Inc. — frequently asked questions
What is Broadstone Net Lease, Inc.'s revenue?
Broadstone Net Lease, Inc. (BNL) reported revenue of $454.14M for fiscal year 2025, up 5.2% from the prior year, according to its SEC filings.
Is Broadstone Net Lease, Inc. profitable?
Yes. BNL earned net income of $96.50M in fiscal 2025, a net margin of 21.2%.
What is BNL's P/E ratio?
Broadstone Net Lease, Inc. trades at a price-to-earnings ratio of about 32.4 based on the latest data in our nightly-refreshed cache.
How fast is Broadstone Net Lease, Inc. growing?
BNL's revenue grew at roughly 7.1% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Broadstone Net Lease, Inc. have?
As of fiscal year 2025, BNL carried roughly $2.52B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Broadstone Net Lease, Inc.'s market cap?
Broadstone Net Lease, Inc. (BNL) has a market capitalization of about $4.21B, based on the latest data in our nightly-refreshed cache.
When does Broadstone Net Lease, Inc.'s fiscal year end?
BNL's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into BNL stock?
At today's market cap of $4.21B, Broadstone Net Lease, Inc. is priced for free-cash-flow growth of about 4.3% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $269.79M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 9.9%/yr over the last five fiscal years and revenue 7.1%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Broadstone Net Lease, Inc.'s official SEC filings (10-K and 10-Q), covering 11 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.