Broadstone Net Lease, Inc. (BNL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 121.4M | 119.4M | 114.93M | 113.04M | 111.78M | 112.89M | 109.83M | 106.94M | 109.12M | 109.88M | 109.64M | 109.59M | 118.98M | 112.27M | 103.53M | 98.02M | 95.12M | 92.93M | 122.63M | 84.82M |
| Revenue Growth % | 8.61% | 5.77% | 4.65% | 5.7% | 2.44% | 2.74% | 0.17% | -2.42% | -8.29% | -2.13% | 5.9% | 11.8% | 25.09% | 20.81% | -15.57% | 15.57% | 14.82% | 12.78% | 52.37% | 3.99% |
| Property Operating Expenses | 89.23M | 89.82M | 86.69M | 90.15M | 84.48M | 92.74M | 83.05M | 80.11M | 81.2M | 84.55M | 82.77M | 83.05M | 89.45M | 97.61M | 84.44M | 75.72M | 73.62M | 71.39M | 78.21M | 67.02M |
| Net Operating Income (NOI) | 32.17M | 29.58M | 28.24M | 22.88M | 27.29M | 20.15M | 26.78M | 26.83M | 27.91M | 25.33M | 26.86M | 26.54M | 29.53M | 14.66M | 19.09M | 22.3M | 21.49M | 21.54M | 44.42M | 17.79M |
| NOI Margin % | 26.5% | 24.77% | 24.57% | 20.24% | 24.42% | 17.85% | 24.38% | 25.09% | 25.58% | 23.05% | 24.5% | 24.22% | 24.82% | 13.06% | 18.44% | 22.75% | 22.6% | 23.18% | 36.22% | 20.98% |
| Operating Expenses | -31.18M | -31M | -29.51M | -32.95M | -26.74M | -32.3M | -27.86M | -26.47M | -24.59M | -25.02M | -28.3M | -29.31M | -31.38M | -36.15M | -29.45M | -26.22M | -24.19M | -24.66M | -28.28M | -22.51M |
| G&A Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | 104.87M | 102.35M | 98M | 98.41M | 93.53M | 95.44M | 92.66M | 90.7M | 90.27M | 89.62M | 93.69M | 94.88M | 102.69M | 96.42M | 87.95M | 84.03M | 79.97M | 79.68M | 109.38M | 71.53M |
| EBITDA Margin % | 86.38% | 85.72% | 85.26% | 87.06% | 83.68% | 84.54% | 84.37% | 84.81% | 82.73% | 81.57% | 85.46% | 86.58% | 86.3% | 85.88% | 84.95% | 85.73% | 84.07% | 85.73% | 89.2% | 84.34% |
| Depreciation & Amortization | 41.53M | 41.77M | 40.25M | 42.58M | 39.5M | 42.99M | 38.02M | 37.4M | 37.77M | 39.28M | 38.53M | 39.03M | 41.78M | 45.61M | 39.4M | 35.51M | 34.29M | 33.48M | 36.68M | 31.23M |
| D&A / Revenue % | 34.21% | 34.98% | 35.02% | 37.66% | 35.34% | 38.08% | 34.61% | 34.98% | 34.62% | 35.75% | 35.15% | 35.62% | 35.12% | 40.62% | 38.06% | 36.23% | 36.05% | 36.02% | 29.91% | 36.81% |
| Operating Income | 63.35M | 60.58M | 57.75M | 55.84M | 54.03M | 52.45M | 54.65M | 53.3M | 52.5M | 50.34M | 55.16M | 55.85M | 60.91M | 50.81M | 48.55M | 48.52M | 45.68M | 46.2M | 72.7M | 40.31M |
| Operating Margin % | 52.18% | 50.74% | 50.25% | 49.4% | 48.34% | 46.46% | 49.76% | 49.84% | 48.11% | 45.82% | 50.31% | 50.96% | 51.19% | 45.26% | 46.89% | 49.5% | 48.02% | 49.71% | 59.29% | 47.52% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 2.85x | 2.56x | 1.87x | 2.34x | 2.15x | 2.50x | 3.51x | 3.44x | 5.01x | 2.77x | 3.94x | 3.91x | 3.22x | 2.71x | 2.18x | 2.69x | 2.55x | 2.69x | 2.79x | 2.60x |
| Non-Operating Income | -8.62M | -3.51M | 4.98M | 6.51M | 10.89M | 3.45M | -9.08M | -7.8M | -40.51M | -2.29M | -22.35M | -23.36M | -7.1M | -13.57M | 4.77M | 431K | 2.67M | 465K | 29.1M | 195K |
| Pretax Income | 46.7M | 35.42M | 25.96M | 23.47M | 18.34M | 23.43M | 37.92M | 35.72M | 66.89M | 7.98M | 50.78M | 65.12M | 41.87M | 37.63M | 24.13M | 33.32M | 29.98M | 32.73M | 32.08M | 28.72M |
| Pretax Margin % | 38.47% | 29.67% | 22.59% | 20.77% | 16.4% | 20.76% | 34.53% | 33.4% | 61.3% | 7.27% | 46.32% | 59.42% | 35.19% | 33.52% | 23.31% | 33.99% | 31.52% | 35.22% | 26.16% | 33.86% |
| Income Tax | 311K | 392K | 208K | 199K | 355K | 527K | -291K | 531K | 408K | -267K | 104K | 448K | 479K | 106K | 356K | 401K | 412K | 457K | 473K | 301K |
| Effective Tax Rate % | 0.67% | 1.11% | 0.8% | 0.85% | 1.94% | 2.25% | -0.77% | 1.49% | 0.61% | -3.34% | 0.2% | 0.69% | 1.14% | 0.28% | 1.48% | 1.2% | 1.37% | 1.4% | 1.47% | 1.05% |
| Net Income | 46.37M | 33.13M | 25.15M | 23.61M | 17.23M | 21.69M | 36.55M | 34.58M | 63.42M | 7.93M | 48.22M | 61.69M | 39.32M | 35.48M | 22.17M | 30.88M | 27.88M | 30.34M | 28.72M | 21.21M |
| Net Margin % | 38.19% | 27.74% | 21.89% | 20.88% | 15.41% | 19.21% | 33.28% | 32.34% | 58.12% | 7.22% | 43.98% | 56.29% | 33.05% | 31.6% | 21.42% | 31.51% | 29.32% | 32.65% | 23.42% | 25.01% |
| Net Income Growth % | 169.09% | 52.72% | -31.18% | -31.74% | -72.83% | 173.5% | -24.2% | -43.94% | 61.28% | -77.65% | 117.45% | 99.74% | 41.02% | 16.94% | -22.8% | 45.61% | 25.53% | 86.58% | 228.26% | 38.15% |
| Funds From Operations (FFO) | 87.89M | 74.89M | 65.4M | 66.18M | 56.73M | 64.68M | 74.57M | 71.98M | 101.19M | 47.21M | 86.75M | 100.72M | 81.11M | 81.09M | 61.57M | 66.39M | 62.17M | 63.82M | 65.41M | 52.44M |
| FFO Margin % | 72.4% | 62.73% | 56.9% | 58.55% | 50.75% | 57.29% | 67.89% | 67.31% | 92.73% | 42.96% | 79.12% | 91.91% | 68.16% | 72.22% | 59.48% | 67.74% | 65.37% | 68.67% | 53.34% | 61.82% |
| FFO Growth % | 54.94% | 15.8% | -12.29% | -8.06% | -43.94% | 37% | -14.05% | -28.53% | 24.76% | -41.78% | 40.89% | 51.7% | 30.45% | 27.06% | -5.86% | 26.62% | 17.47% | 37.41% | 63.05% | -5.14% |
| FFO per Share | 0.44 | 0.38 | 0.33 | 0.34 | 0.29 | 0.33 | 0.38 | 0.37 | 0.52 | 0.24 | 0.44 | 0.51 | 0.41 | 0.44 | 0.34 | 0.37 | 0.36 | 0.37 | 0.39 | 0.33 |
| FFO Payout Ratio % | 0% | 73.33% | 80.27% | 83.35% | 99.06% | 84.79% | 71.8% | 74.93% | 53.81% | 111.23% | 59.36% | 51.31% | 63.92% | 57.96% | 74.49% | 67.56% | 69.97% | 64.49% | 61.2% | 70.33% |
| EPS (Diluted) | 0.23 | 0.16 | 0.14 | 0.11 | 0.09 | -0.01 | 0.19 | 0.19 | 0.35 | 0.03 | 0.26 | 0.32 | 0.21 | 0.20 | 0.15 | 0.19 | 0.15 | 0.19 | 0.18 | 0.14 |
| EPS Growth % | 163.46% | - | -26.32% | -42.11% | -75.06% | -118.29% | -26.92% | -40.63% | 66.67% | -83.05% | 73.33% | 68.42% | 40% | 5.26% | -16.67% | 35.71% | 0% | 72.73% | 125% | 27.27% |
| EPS (Basic) | 0.24 | 0.17 | 0.14 | 0.11 | 0.09 | -0.01 | 0.20 | 0.19 | 0.35 | 0.03 | 0.27 | 0.32 | 0.21 | 0.20 | 0.15 | 0.19 | 0.15 | 0.19 | 0.18 | 0.14 |
| Diluted Shares Outstanding | 199.75M | 197.94M | 197.63M | 196.97M | 196.9M | 196.7M | 196.93M | 196.47M | 196.42M | 196.37M | 196.37M | 196.23M | 196.18M | 183.59M | 182.97M | 180.26M | 174.29M | 172.09M | 169.59M | 157.43M |