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Broadstone Net Lease, Inc. (BNL) stock

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NYSE: BNL NYSE Diversified REITs Next results ~January 18, 2027

B Fundamentals grade

Broadstone Net Lease, Inc. is a US-listed company in the diversified REITs industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$29

Valuation models combined (2)

Base case. Range ~$23–$32. Weighted average of 2 models (funds-from-operations model, dividend discount (growing dividend)), the funds-from-operations model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Broadstone Net Lease, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds208 adding, 138 cuttingOf 46 active managers that changed their stake, 21 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Broadstone Net Lease files

Where Broadstone Net Lease stands after its latest 10-Q

Revenue for the twelve months to September 2026 was $484m, up 8.0% on a year earlier, about the same pace as a quarter earlier.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 18, 2027 (estimated)

Broadstone Net Lease, Inc.'s trailing-twelve-month revenue grew 8.0% year on year, with a free-cash-flow margin of 54.3%. Where it stands out: stock pay as % of revenue of 2.2% ranks 3 of 13 diversified reits companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 5.5% while net income grew 63.1%: a 58pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • High operating margin. 46.1% of revenue is left as operating profit.
  • Strong cash generation. 54.3% of revenue turned into free cash flow.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • High debt. Long-term debt exceeds cash by $2.9bn, more than 1.5 times annual revenue.
  • Heavily shorted. 14.5% of the shares available to trade are sold short (9.7 days of average volume to cover).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 17.9% over 90 days.
  • Earnings expected to fall. The consensus expects earnings per share to fall 9% next year.

Latest results: FY2026 Q3

Filed October 28, 2026
Earnings per share
$0.16 against an average estimate of $0.16: beat by 2.5%
Revenue
$122m, up 6.7% on a year earlier
Share reaction
+1.3% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Guidance given
AFFO per diluted share $1.55 to $1.57 (2026); investments in real estate properties $700m to $800m (2026)
Next report
October 28, 2026; average EPS estimate $0.15

Broadstone Net Lease's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.9%
  • 1 week+2.1%
  • 1 month-5.2%
  • This year+6.0%
  • 1 year+4.5%
  • 5 years-9.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$484M
Net margin
30.3%
EPS (TTM, diluted)
$0.73

Growth

Revenue growth
+8.0%
Change in growth rate
+0.3 pts
Share count change
+1.5%

Earnings

Last results
October 28, 2026
Next results (est.)
January 18, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance
  3. Announcement
  4. Announcement
  5. Announcement
  6. Financing
  7. Results
  8. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Broadstone Net Lease, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Broadstone Net Lease, Inc. as an equity reit, with every model that fits that kind of business. Cost of equity 7.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.61 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Funds-from-operations model Funds from operations growing 2.5% a year, discounted at 8%. ~$32 ~$27–$39 Primary model, counts double
Price-to-FFO vs peers Funds from operations per share times peers' typical (harmonic-mean) price-to-FFO. ~$0.6 ~$14–$30 Left out: out of range vs price (0.03x)
Dividend discount (growing dividend) Today's dividend growing 2.5% a year, discounted at the cost of equity. ~$23 ~$19–$28 Included
Combined value Weighted average of the models that apply: the primary model (funds-from-operations model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$29 ~$23–$32 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Broadstone Net Lease, Inc. with equity REITs in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

62 /100

Moderate moat

How hard Broadstone Net Lease's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 1 / 20

    Net income has been a median 2.3% of total assets over 10 years.

  • Durability 19 / 20

    Net margin has been a median 30.2%; its worst year was 18.8%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 53.1% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 25.0% over five years; stock-based pay has been a median 1.5% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.74 +33% $499m +10%
Next $0.67 −9% $543m +9%

Next year's EPS estimate has moved −17.9% in 90 days, across 6 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −5.1% on 90 days ago. In the last 30 days, 1 analyst raised Broadstone Net Lease, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Broadstone Net Lease, Inc., last 90 days
$0.65 $0.70 $0.75 $0.80 $0.85 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.78 Current fiscal year, 60 days ago: $0.74 Current fiscal year, 30 days ago: $0.75 Current fiscal year, 7 days ago: $0.74 Current fiscal year, Now: $0.74 $0.74 Next fiscal year, 90 days ago: $0.82 Next fiscal year, 60 days ago: $0.79 Next fiscal year, 30 days ago: $0.73 Next fiscal year, 7 days ago: $0.67 Next fiscal year, Now: $0.67 $0.67

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.78$0.82
60 days ago $0.74$0.79
30 days ago $0.75$0.73
7 days ago $0.74$0.67
Now $0.74$0.67

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.16 $0.16 +2.5%
Jun 2026 $0.19 $0.19 +4.6%
Mar 2026 $0.18 $0.24 +32.2%
Dec 2025 $0.17 $0.20 +14.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 28, 2026
  • AFFO per diluted share 2026 $1.55 to $1.57 Non-GAAP
    “For 2026, BNL expects to report AFFO of between $1.55 to $1.57 per diluted share.” source
  • Investments in real estate properties 2026 $700m to $800m Raised
    “(i) investments in real estate properties between $700 and $800 million, revised up from $600 and $800 million” source
  • Dispositions of real estate properties 2026 $150m to $200m Raised
    “(ii) dispositions of real estate properties between $150 and $200 million, revised up from $100 and $150 million” source
  • Total core general and administrative expenses 2026 $30m to $31m Non-GAAP
    “(iii) total core general and administrative expenses between $30 million and $31 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

11 analysts, Oct 2026
Buy873%
Hold327%
Sell00%

Monthly trend

  1. Oct 202617311
  2. Sep 202616411
  3. Aug 202616411
  4. Jul 202616411

Counts of recommendations published by analysts covering Broadstone Net Lease, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
14.5%
of tradable shares
Days to cover
9.73
at average volume
Short interest, 1 month
+3%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.1%
of shares
Employees
62
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +4.5%

$16.84 on October 31, 2025 to $17.59

ThenNowEffect
Revenue (last 12 months) $442m $476m +7.7%
Net margin 22.4% 30.6% +36.9%
P/E multiple 33.5x 24.0x −28.3%
Share count 197m 199m −1.1%

Biggest factor: p/e multiple.

Last 3 years +44.1%

$12.21 on November 3, 2023 to $17.59

ThenNowEffect
Revenue (last 12 months) $444m $476m +7.2%
Net margin 36.3% 30.6% −15.7%
P/E multiple 14.4x 24.0x +67.2%
Share count 190m 199m −4.7%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
BNL+33%−31%+14%−1%+17%+6%
Industry peers (median)+31%−26%−1%−3%−20%−6%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
BNL75%33%42%50%58%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
BNL−15%−36%−21%−17%−14%−25%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since September 17, 2020: 44% from September 2, 2021 to October 25, 2023. Getting back needed a 77% gain, reached on May 26, 2026, 944 days after the low.

Price behaviour

52-week range
$16.22 – $22.49
From 52-week high
−21.8%
vs 50-day average
−6.9%
vs 200-day average
−9.1%
Volatility (1 year)
20%
Beta vs S&P 500
0.02

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±2.0%
After a week
6 up, 5 down
typical move ±2.7%
After a month
4 up, 7 down
typical move ±4.6%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 +1.3% 0.0% — —
July 29, 2026 −4.0% +0.1% −5.4% −5.7%
April 29, 2026 −1.1% +1.0% −0.7% +1.0%
February 18, 2026 −5.8% +0.2% −2.3% −2.5%
October 29, 2025 −4.2% −1.1% −2.6% −5.1%
July 30, 2025 +0.9% −0.5% +4.0% +14.6%
June 2, 2025 +1.1% +1.1% +2.5% +3.7%
April 30, 2025 −1.2% +0.7% +1.4% −0.9%
April 25, 2025 +0.2% +0.8% +1.6% −1.3%
February 19, 2025 +2.2% −0.2% +6.1% +9.5%
January 6, 2025 −1.6% −0.6% −2.3% −0.3%
November 18, 2024 −0.9% +0.8% +1.0% −6.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Broadstone Net Lease, Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Broadstone Net Lease, Inc.
$420M $440M $460M $480M $500M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $442.9M Revenue (TTM), FY24 Q1: $429.3M Revenue (TTM), FY24 Q2: $425.8M Revenue (TTM), FY24 Q3: $424.7M Revenue (TTM), FY24 Q4: $431.8M Revenue (TTM), FY25 Q1: $435.1M Revenue (TTM), FY25 Q2: $442.2M Revenue (TTM), FY25 Q3: $448M Revenue (TTM), FY25 Q4: $454.1M Revenue (TTM), FY26 Q1: $466.8M Revenue (TTM), FY26 Q2: $476.2M Revenue (TTM), FY26 Q3: $483.9M $483.9M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $442.9M
FY24 Q1 $429.3M
FY24 Q2 $425.8M
FY24 Q3 $424.7M
FY24 Q4 $431.8M
FY25 Q1 $435.1M
FY25 Q2 $442.2M
FY25 Q3 $448M
FY25 Q4 $454.1M
FY26 Q1 $466.8M
FY26 Q2 $476.2M
FY26 Q3 $483.9M
Revenue growth, TTM YoY Broadstone Net Lease, Inc.
-10% -5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 8.7% Revenue growth, TTM YoY, FY24 Q1: -0.8% Revenue growth, TTM YoY, FY24 Q2: -4.1% Revenue growth, TTM YoY, FY24 Q3: -5.6% Revenue growth, TTM YoY, FY24 Q4: -2.5% Revenue growth, TTM YoY, FY25 Q1: 1.4% Revenue growth, TTM YoY, FY25 Q2: 3.8% Revenue growth, TTM YoY, FY25 Q3: 5.5% Revenue growth, TTM YoY, FY25 Q4: 5.2% Revenue growth, TTM YoY, FY26 Q1: 7.3% Revenue growth, TTM YoY, FY26 Q2: 7.7% Revenue growth, TTM YoY, FY26 Q3: 8.0% 8.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 8.7%
FY24 Q1 -0.8%
FY24 Q2 -4.1%
FY24 Q3 -5.6%
FY24 Q4 -2.5%
FY25 Q1 1.4%
FY25 Q2 3.8%
FY25 Q3 5.5%
FY25 Q4 5.2%
FY26 Q1 7.3%
FY26 Q2 7.7%
FY26 Q3 8.0%
Operating margin (TTM) Broadstone Net Lease, Inc.
44% 45% 46% 47% 48% FY16 Q4 FY17 Q2 FY17 Q4 FY18 Q3 Operating margin (TTM), FY16 Q4: 44.5% Operating margin (TTM), FY17 Q1: 44.8% Operating margin (TTM), FY17 Q2: 47.2% Operating margin (TTM), FY17 Q3: 46.2% Operating margin (TTM), FY17 Q4: 46.8% Operating margin (TTM), FY18 Q1: 46.6% Operating margin (TTM), FY18 Q2: 45.9% Operating margin (TTM), FY18 Q3: 46.1% 46.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY16 Q4 44.5%
FY17 Q1 44.8%
FY17 Q2 47.2%
FY17 Q3 46.2%
FY17 Q4 46.8%
FY18 Q1 46.6%
FY18 Q2 45.9%
FY18 Q3 46.1%
FCF margin (TTM) Broadstone Net Lease, Inc.
50% 55% 60% 65% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 50.8% FCF margin (TTM), FY24 Q1: 54.5% FCF margin (TTM), FY24 Q2: 59.5% FCF margin (TTM), FY24 Q3: 57.9% FCF margin (TTM), FY24 Q4: 60.1% FCF margin (TTM), FY25 Q1: 57.2% FCF margin (TTM), FY25 Q2: 56.9% FCF margin (TTM), FY25 Q3: 55.6% FCF margin (TTM), FY25 Q4: 59.4% FCF margin (TTM), FY26 Q1: 61.6% FCF margin (TTM), FY26 Q2: 54.0% FCF margin (TTM), FY26 Q3: 54.3% 54.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 50.8%
FY24 Q1 54.5%
FY24 Q2 59.5%
FY24 Q3 57.9%
FY24 Q4 60.1%
FY25 Q1 57.2%
FY25 Q2 56.9%
FY25 Q3 55.6%
FY25 Q4 59.4%
FY26 Q1 61.6%
FY26 Q2 54.0%
FY26 Q3 54.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 98 143 182 237 299 322 383 408 443 432 454 484
EBITDA 71 109 148 — — — — — — — — —
Operating income 42 64 85 — — — — — — — — —
Net income 19 36 55 69 79 51 102 122 155 162 96 146
Diluted EPS $0.43 $0.55 $0.64 $0.86 $0.83 $0.44 $0.67 $0.72 $0.83 $0.86 $0.50 $0.73
Growth (year on year)
Revenue — +45.7% +27.1% +30.8% +25.8% +7.6% +19.0% +6.4% +8.7% −2.5% +5.2% +8.0%
EBITDA — +53.8% +34.9% — — — — — — — — —
Operating income — +50.1% +33.4% — — — — — — — — —
Net income — +88.5% +50.7% +26.6% +14.4% −35.5% +100.1% +19.2% +27.3% +4.5% −40.6% +63.1%
Diluted EPS — +28.4% +16.3% +34.0% −3.5% −47.0% +52.3% +7.5% +15.3% +3.6% −41.9% +60.8%
Margins
EBITDA margin 72.6% 76.6% 81.3% — — — — — — — — —
Operating margin 43.2% 44.5% 46.8% — — — — — — — — —
Net margin 19.7% 25.4% 30.2% 29.2% 26.6% 15.9% 26.8% 30.0% 35.1% 37.6% 21.2% 30.3%
Free-cash-flow margin 28.6% 45.7% 50.2% 51.7% 47.6% 52.3% 63.6% 55.1% 50.8% 60.1% 59.4% 54.3%
Cash flow
Cash from operations 39 67 98 128 147 179 245 256 271 276 299 306
Capital spending 11 2 7 5 5 11 2 31 46 17 30 44
Free cash flow 28 65 91 123 142 168 243 225 225 259 270 263
Stock-based pay — — — — — 2 5 5 6 7 10 11
Free cash flow after stock pay — — — — — 166 239 219 218 252 260 252
Balance sheet
Cash 27 22 9 19 12 100 22 22 19 15 31 12
Total debt 0 870 1,181 1,451 1,989 1,548 1,699 2,034 1,920 1,920 2,523 2,896
Net debt (negative = net cash) −27 848 1,172 1,432 1,977 1,447 1,677 2,012 1,900 1,905 2,492 2,884
Diluted shares 49m 73m 93m 88m 103m 129m 164m 180m 196m 197m 198m 200m
Returned to shareholders
Dividends 24 36 45 52 62 72 154 181 208 217 219 223
Buybacks 3 8 9 10 35 — — — — — — —
Total returned 27 44 54 62 97 72 154 181 208 217 219 223

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

Dividends (TTM)
$223M
Diluted share count
+1.5%
year over year
Total shareholder yield
6.6%
dividends 6.6% + buybacks 0.0% of market value
Dividend payout ratio
152%
of net income paid out

Competitors: side by side with peers

Closest by revenue in diversified reits
Last 12 months unless stated BNL JBGS GNL SAFE ALX CTO Median
Revenue, last 12 months $484m $508m $460m $420m $233m $170m $170m
Revenue growth, last 12 months 8.0% −1.1% −13.9% 12.1% 8.2% 15.9% 2.5%
Revenue growth, 3-year average 2.4% −5.6% 6.9% 16.4% 2.8% 18.7% 2.4%
Revenue growth, latest quarter 6.7% 2.3% −10.0% 22.2% 34.9% 24.3% 4.7%
Gross margin — — 89.4% 98.9% — 75.1% 94.2%
Operating margin 46.1% 6.0% 39.6% 25.1% 43.2% 37.5% 31.3%
Operating margin, 3-year average — — 22.6% 12.0% — 21.9% 21.6%
Net margin 30.3% −29.9% −12.5% 27.7% 81.9% 26.1% 0.2%
Cash from operations / revenue 63.3% 11.9% 47.5% 8.8% 22.8% 38.5% 38.5%
Free-cash-flow margin 54.3% −25.2% 43.8% 6.9% 7.4% 0.5% 5.6%
Free-cash-flow margin, 3-year average 56.0% −18.5% 37.3% 9.5% 13.8% 1.2% 1.2%
Stock pay / revenue 2.2% 5.3% 3.1% 3.1% — 2.7% 3.4%
Change in share count 1.5% −25.8% −5.4% 0.3% 0.1% 10.6% 0.5%

Median of all 15 companies we cover in diversified reits. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

15 diversified reits companies
Measure Company Peer median Rank
Revenue growth Growth 8.0% 2.5% 7 of 15
Change in growth rate Growth +0.3pp +1.0pp 10 of 15
Net margin Profitability 30.3% 0.2% 4 of 15
Stock pay as % of revenue Cash generation 2.2% 3.4% 3 of 13
Long-term debt as % of assets Balance sheet 47.7% 52.8% 4 of 10
Change in share count Balance sheet 1.5% 1.5% 7 of 12

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$3.9B
Institutions reporting
377
Shares held vs prior quarter
▲ 8.5%
Positions opened / closed
57 / 37

Top buyers and sellers, Q2 2026: 208 institutions bought and 138 sold ; the biggest buyer was Blackrock, Inc (+9.1M shares) and the biggest seller Nuveen, LLC (−1.4M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $712M 34.5M 18.3% ▲ 35.9%
Vanguard Portfolio Management LLC $414M 20.0M 10.7% ▲ 10.6%
State Street Corp $227M 10.8M 5.8% ▲ 37.0%
Vanguard Capital Management LLC $178M 8.6M 4.6% ▲ 1.1%
Geode Capital Management, LLC $116M 5.6M 3.0% ▲ 6.7%
Nuveen, LLC $94.8M 4.6M 2.4% ▼ 22.9%
Invesco Ltd. $89M 4.3M 2.3% ▼ 5.3%
Alliancebernstein L.P. $81M 4.4M 2.1% ▼ 0.6%
Charles Schwab Investment Management Inc $77M 3.7M 2.0% ▲ 7.0%
Aew Capital Management L P $67.4M 3.3M 1.7% ▲ 8.0%
Fuller & Thaler Asset Management, Inc. $61M 3.0M 1.6% ▼ 3.5%
Dimensional Fund Advisors LP $58.5M 2.8M 1.5% ▲ 5.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Broadstone Net Lease, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 18, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 29, 2026
  • April 29, 2026
  • February 18, 2026
  • October 29, 2025
  • July 30, 2025

Recent SEC filings

Data status

When each part of this page on Broadstone Net Lease, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Broadstone Net Lease, Inc. in brief

What does Broadstone Net Lease, Inc. do?
Broadstone Net Lease, Inc. is a US-listed company in the diversified REITs industry. Its financial year ends in December.
What is Broadstone Net Lease, Inc.'s stock ticker?
Broadstone Net Lease, Inc. trades under the ticker BNL on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Broadstone Net Lease, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Broadstone Net Lease, Inc. reported revenue of $484M, 8.0% higher than a year earlier, according to its SEC filings.
What is Broadstone Net Lease, Inc.'s free cash flow?
Broadstone Net Lease, Inc.'s free-cash-flow margin is 54.3% of revenue over the trailing twelve months.
Who are Broadstone Net Lease, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Broadstone Net Lease, Inc.'s market cap?
On November 2, 2026, Broadstone Net Lease, Inc.'s market capitalisation was about $3.5B, with a price-to-earnings ratio of 24.0 and net debt of $2.9B. Market figures come from third-party market data and may be delayed.
Does Broadstone Net Lease, Inc. pay a dividend?
Yes: Broadstone Net Lease, Inc. paid $223M in dividends over the trailing twelve months, a dividend yield of 6.59% and a payout ratio of 152.0%.
Who are Broadstone Net Lease, Inc.'s competitors?
In our Diversified REITs peer group, the companies closest to Broadstone Net Lease, Inc. are JBG Smith Properties, Global Net Lease, Inc., Safehold Inc., Alexanders Inc and CTO Realty Growth, Inc. The side-by-side comparison below sets their revenue, margins and growth against Broadstone Net Lease, Inc.'s.
When is Broadstone Net Lease, Inc.'s next earnings date?
Around January 18, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Broadstone Net Lease, Inc. announces its own schedule.