# Broadstone Net Lease, Inc.: overview

BNL · NYSE · CIK 1424182 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/bnl.md) · [Financials](/companies/bnl/financials.md) · [Filings](/companies/bnl/filings.md) · [Insiders](/companies/bnl/insiders.md)

Latest reported revenue: [$122.3m](/filings/0001424182-26-000068.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q/A filed Jul 29, 2026 (XBRL us-gaap:Revenues, accession 0001424182-26-000068).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [108](/filings/0001424182-25-000037.md) | [112 d](/filings/0001424182-26-000012.md) | [109](/filings/0001424182-26-000037.md) | [113](/filings/0001424182-26-000068.md) | [114](/filings/0001424182-25-000037.md) | [118 d](/filings/0001424182-26-000012.md) | [121](/filings/0001424182-26-000037.md) | [122](/filings/0001424182-26-000068.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [32.8%](/filings/0001424182-25-000037.md) | [23.5% d](/filings/0001424182-26-000012.md) | [15.4%](/filings/0001424182-26-000037.md) | [17.8%](/filings/0001424182-26-000068.md) | [23.2%](/filings/0001424182-25-000037.md) | [28.0% d](/filings/0001424182-26-000012.md) | [38.2%](/filings/0001424182-26-000037.md) | [32.5%](/filings/0001424182-26-000068.md) |
| Diluted EPS | $ per share | [0.19](/filings/0001424182-25-000037.md) | not reported | [0.09](/filings/0001424182-26-000037.md) | [0.10](/filings/0001424182-26-000068.md) | [0.14](/filings/0001424182-25-000037.md) | not reported | [0.24](/filings/0001424182-26-000037.md) | [0.21](/filings/0001424182-26-000068.md) |
| Free cash flow | $m | [60.3 d](/filings/0001424182-25-000037.md) | [57.5 d](/filings/0001424182-26-000012.md) | [57.1](/filings/0001424182-26-000037.md) | [76.7 d](/filings/0001424182-26-000068.md) | [58.0 d](/filings/0001424182-25-000037.md) | [78.0 d](/filings/0001424182-26-000012.md) | [74.7](/filings/0001424182-26-000037.md) | [46.4 d](/filings/0001424182-26-000068.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [383](/filings/0000950170-24-018725.md) | [408](/filings/0000950170-25-024123.md) | [443](/filings/0001424182-26-000012.md) | [432](/filings/0001424182-26-000012.md) | [454](/filings/0001424182-26-000012.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [26.8%](/filings/0000950170-24-018725.md) | [30.0%](/filings/0000950170-25-024123.md) | [35.1%](/filings/0001424182-26-000012.md) | [37.6%](/filings/0001424182-26-000012.md) | [21.2%](/filings/0001424182-26-000012.md) |
| Diluted EPS | $ per share | [0.67](/filings/0000950170-24-018725.md) | [0.72](/filings/0000950170-25-024123.md) | [0.83](/filings/0001424182-26-000012.md) | [0.86](/filings/0001424182-26-000012.md) | [0.50](/filings/0001424182-26-000012.md) |
| Free cash flow | $m | [243](/filings/0000950170-24-018725.md) | [225](/filings/0000950170-25-024123.md) | [225](/filings/0001424182-26-000012.md) | [259](/filings/0001424182-26-000012.md) | [270](/filings/0001424182-26-000012.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/bnl/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $712.3m | 34,462,110 |  | Added +9,102,174 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $414.4m | 20,047,478 |  | Added +1,922,767 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $226.7m | 10,818,323 |  | Added +2,922,255 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $178.2m | 8,622,817 |  | Added +94,701 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $116.4m | 5,628,247 |  | Added +352,355 |
| [Nuveen, LLC](/funds/1871926.md) | 2026-06-30 | $94.8m | 4,586,676 |  | Reduced −1,361,248 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $89.0m | 4,306,063 |  | Reduced −238,992 |
| [ALLIANCEBERNSTEIN L.P.](/funds/1109448.md) | 2026-06-30 | $81.0m | 4,435,319 |  | Reduced −28,200 |
| [CHARLES SCHWAB INVESTMENT MANAGEMENT INC](/funds/884546.md) | 2026-06-30 | $77.0m | 3,722,825 |  | Added +244,832 |
| [AEW CAPITAL MANAGEMENT L P](/funds/1046187.md) | 2026-06-30 | $67.4m | 3,261,571 |  | Added +242,395 |

## Recent filings

[All 727 filings](/companies/bnl/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-05 | 20:13 ET | [8-K](/filings/0001424182-26-000075.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001424182-26-000075 |
| 2026-08-25 | 20:12 ET | [8-K](/filings/0001424182-26-000072.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001424182-26-000072 |
| 2026-08-10 | 20:58 ET | [8-K](/filings/0001193125-26-342612.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-342612 |
| 2026-07-29 | 21:31 ET | [10-Q/A](/filings/0001424182-26-000068.md) | Quarterly report, amended, period 2026-06-30 | 0001424182-26-000068 |
| 2026-07-29 | 20:42 ET | [8-K](/filings/0001424182-26-000065.md) | 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001424182-26-000065 |
| 2026-07-29 | 20:32 ET | [10-Q](/filings/0001424182-26-000063.md) | Quarterly report, period 2026-06-30 | 0001424182-26-000063 |
| 2026-07-29 | 20:29 ET | [8-K](/filings/0001424182-26-000061.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001424182-26-000061 |
| 2026-07-08 | 10:38 ET | [8-K](/filings/0001424182-26-000054.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001424182-26-000054 |
| 2026-07-02 | 20:25 ET | [8-K](/filings/0001424182-26-000050.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001424182-26-000050 |
| 2026-06-11 | 20:46 ET | [8-K](/filings/0001424182-26-000045.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001424182-26-000045 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001424182-26-000012.md), filed Feb 19, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/972e9993-539c-45e6-bdd5-fbb9ceb86cbd)

## About the filer

- CIK: 1424182
- Tickers: BNL
- Exchange: NYSE
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: not reported
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:39 ET. No prices; not investment advice.