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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›BNL›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

Broadstone Net Lease, Inc. (BNL) financials

Income statement

Broadstone Net Lease, Inc. (BNL) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$143M$182M$237M$299M$322M$383M$408M$443M$432M$454M
Revenue growth—27.1%30.8%25.8%7.6%19.0%6.4%8.7%-2.5%5.2%
Operating income$63.6M$84.9M————————
Operating margin44.5%46.8%————————
Net income$36.4M$54.8M$69.4M$79.4M$51.2M$102M$122M$155M$162M$96.5M
Net margin25.4%30.2%29.2%26.6%15.9%26.8%30.0%35.1%37.6%21.2%
EPS (diluted)$2.76$3.21$0.86$0.83$0.44$0.67$0.72$0.83$0.86$0.50

Cash flow

Broadstone Net Lease, Inc. (BNL) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$67.2M$97.9M$128M$147M$179M$245M$256M$271M$276M$299M
Capital expenditures$1.94M$6.78M$5.15M$5.05M$10.8M$1.60M$31.4M$46.3M$16.8M$29.7M
Free cash flow$65.3M$91.2M$123M$142M$168M$243M$225M$225M$259M$270M
Share buybacks$8.15M$9.44M$10.2M$34.6M——————
Dividends paid$35.7M$44.5M$51.8M$62.0M$71.5M$154M$181M$208M$217M$219M

Balance sheet

Broadstone Net Lease, Inc. (BNL) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$21.6M$9.36M$18.6M$12.5M$100M$21.7M$21.8M$19.5M$14.8M$30.5M
Total assets$1.95B$2.58B$3.10B$3.92B$4.26B$4.62B$5.46B$5.27B$5.22B$5.72B
Total liabilities$954M$1.29B$1.57B$2.14B$1.78B$1.88B$2.20B$2.07B$2.07B$2.68B
Long-term debt—$1.18B$1.45B$1.99B$1.55B$1.70B$2.03B$1.92B$1.92B$2.52B
Shareholders' equity$912M$1.19B$1.42B$1.67B$2.30B$2.58B$3.09B$3.05B$3.00B$2.90B
Shares (wtd avg diluted)14.6M18.6M87.6M103M129M164M180M196M197M198M

Every figure is extracted from Broadstone Net Lease, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Broadstone Net Lease, Inc.'s annual revenue?
Broadstone Net Lease, Inc. (BNL) reported $454M of revenue for fiscal year 2025 — up 5.2% from $432M in FY2024, per its annual report filed with the SEC.
Is Broadstone Net Lease, Inc. profitable?
Yes — BNL earned $96.5M of net income in FY2025, a 21.2% net margin, per SEC filings.
What is Broadstone Net Lease, Inc.'s free cash flow?
$270M in FY2025 (operating cash flow $299M minus $29.7M of capital expenditures), from the SEC cash-flow statement.
Does BNL pay a dividend?
Yes — Broadstone Net Lease, Inc. paid $219M in cash dividends during FY2025, per its SEC cash-flow statement.
Full BNL analysis — verdict, score & filings →Is BNL a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.