Broadstone Net Lease, Inc. balance sheet
At the end of fiscal 2025, Broadstone Net Lease, Inc. had total assets of $5.72bn, total liabilities of $2.68bn and shareholders' equity of $2.90bn. It held $30.5m in cash against $2.52bn of debt: net debt of $2.49bn.
Balance sheet
| Fiscal year | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 27 | 22 | 9 | 19 | 12 | 100 | 22 | 22 | 19 | 15 | 31 | 12 |
| Goodwill | — | — | — | — | 0 | 340 | 340 | 340 | 340 | 340 | 340 | 340 |
| Total assets | — | 1,952 | 2,579 | 3,097 | 3,918 | 4,258 | 4,619 | 5,458 | 5,269 | 5,216 | 5,717 | 6,072 |
| Long-term debt | — | — | 1,181 | 1,451 | 1,989 | 1,548 | 1,699 | 2,034 | 1,920 | 1,920 | 2,523 | 2,896 |
| Total debt | 0 | 870 | 1,181 | 1,451 | 1,989 | 1,548 | 1,699 | 2,034 | 1,920 | 1,920 | 2,523 | 2,896 |
| Total liabilities | — | 954 | 1,295 | 1,568 | 2,139 | 1,779 | 1,878 | 2,195 | 2,074 | 2,075 | 2,684 | 3,075 |
| Shareholders' equity | 748 | 912 | 1,187 | 1,417 | 1,668 | 2,299 | 2,577 | 3,093 | 3,049 | 3,004 | 2,902 | 2,869 |
| Non-controlling interests and other (assets − liabilities − equity) | — | 87 | 97 | 112 | 111 | 180 | 164 | 170 | 145 | 138 | 131 | 128 |
| 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 |
| Shares outstanding | — | 76m | 95m | 88m | 104m | 109m | 162m | 186m | 188m | 189m | 191m | 192m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Goodwill | 340 | 340 | 340 | 340 | 340 | 340 | 340 | 340 |
| Total assets | 5,216 | 5,237 | 5,327 | 5,519 | 5,717 | 5,845 | 5,865 | 6,072 |
| Long-term debt | 1,920 | 2,000 | 2,124 | 2,353 | 2,523 | 2,654 | 2,688 | 2,896 |
| Total debt | 1,920 | 2,000 | 2,124 | 2,353 | 2,523 | 2,654 | 2,688 | 2,896 |
| Total liabilities | 2,075 | 2,156 | 2,291 | 2,507 | 2,684 | 2,824 | 2,857 | 3,075 |
| Shareholders' equity | 3,004 | 2,950 | 2,907 | 2,885 | 2,902 | 2,892 | 2,881 | 2,869 |
| Non-controlling interests and other (assets − liabilities − equity) | 138 | 131 | 129 | 128 | 131 | 129 | 127 | 128 |
| Shares outstanding | 189m | 189m | 189m | 189m | 191m | 192m | 192m | 192m |
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