Broadstone Net Lease, Inc.: stock overview

BNLNYSEReal estate · Real Estate Investment TrustsREIT

Price

$17.60

November 13, 2026Market cap $3.4B

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  • The full history: 11 fiscal years, from 2015
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

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In short

Broadstone Net Lease had revenue of $484M over the last 12 months and net income of $146M, a net margin of 30.3%. Revenue grew by 7.1% a year on average over the last 5 years. At $17.60 the shares trade at a P/E of 23.2, against a median of 22.5 over the last 5 fiscal years. It has net debt of $2.9B. It pays a dividend yielding 6.64%.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$3.4B
191M shares
P/E
23.2
Today23.2
Median22.5
Revenue, 12 months
$484M
+7.1% a year over 5 years
Net margin
30.3%
2025: 21.3%, above 65% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+1.3% a year over 2 years

  • 202510-K
    Revenue$454M
  • 202410-K
    Revenue$432M
  • 202310-K
    Revenue$443M

Fiscal years in figures

BNL's revenue, profit, cash flow and dividend with each year-end price, from 2015 to 2022, 8 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $3.2B
$3.4B
Enterprise value 
–
P/E 3-year median: 20.7
23.2
EV / EBIT 
–
EV / Revenue 
–
P/B 3-year median: 1.1
1.2
FCF yield 3-year median: 8.1%
7.8%
Earnings yield 3-year median: 4.8%
4.3%

Profitability

Net margin 3-year median: 35.1%
30.3%
ROIC 
–
ROE 
5.1%

Growth

Revenue, yearly change 
+5.2%
EPS, yearly change 
-41.9%
FCF, yearly change 
+4.0%
Revenue, average a year 
+7.1%
EPS, average a year 
+2.6%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$12M
Total debt 
$2.9B
Of which operating leases 
$9.1M
Net debt 
$2.9B
Net debt / EBITDA 
–
Interest cover 
–
Current ratio 
–

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 3-year median: 6.7%
6.64%
Buybacks 
–
Total returned 
6.64%
Shares, yearly change 
+1.4%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 67).

Net margin

21.3%

Above 65% of the 212 companies in its industry, and 83% of all.

ROE

3.3%

Above 46% of the 204 companies in its industry, and 39% of all.

ROA

1.7%

Above 61% of the 221 companies in its industry, and 53% of all.

Revenue growth

5.2%

Above 59% of the 211 companies in its industry, and 46% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
Broadstone Net Lease, Inc.
Exchange
NYSE
Industry (SIC)
6798 · Real Estate Investment Trusts
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
191M

Other companies: Real estate

The largest companies of the same sector, each with its own page.

The Real estate sectorAll companies

The full analysis

What do Broadstone Net Lease's filings show?

These are Broadstone Net Lease's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
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Questions about BNL

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What is BNL's market cap?

Broadstone Net Lease, Inc.'s market cap is $3.4B, at a price of $17.60 on November 13, 2026 and 191M shares.

What is BNL's P/E?

BNL's P/E is 23.2, on earnings per share of $0.76 over the last 12 months. The median over the last 5 fiscal years was 22.5.

How much revenue does BNL have?

Broadstone Net Lease had revenue of $484M over the last 12 months. Over the last 5 years it changed by +7.1% a year on average.

Does BNL pay a dividend?

Yes. Broadstone Net Lease paid $1.17 per share over the last 12 months, a yield of 6.64% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From Broadstone Net Lease, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.