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Broadstone Net Lease (BNL)
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Broadstone Net Lease Income Statement 2025-2011 | BNL
Brief overview of income trends at Broadstone Net Lease
The comparison covers a five-year financial horizon. Broadstone Net Lease reported revenue of 322 million dollars in 2020 and 454 million dollars by 2025. The five-year change reached +41.2%, while CAGR stood at 7.1%. Revenue advanced gradually over the five-year period.
Over the period, EBITDA shifted from 132 million dollars to 160 million dollars, a change of +21.3%. EBITDA lagged revenue, showing weaker operating momentum. EBITDA margin was 40.9% at the start and 35.1% at the end. The business retained less EBITDA from each unit of revenue.
Net income changed from 51.2 million dollars to 96.5 million dollars (+88.5%). The final result improved faster than the scale of the business.
Market capitalization changed from 2 billion dollars to 3.5 billion dollars (+71%). The market broadly confirmed the positive direction of the business.
Overall conclusion
The figures do not all move in the same direction. Key strengths include improving net profitability and a larger revenue base. The main areas of concern are a declining EBITDA margin. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Broadstone Net Lease
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
3.49 B | 3.01 B | 3.06 B | 3.04 B | 3.32 B | 2.04 B | 245 B | 239 B | 234 B | 234 B | - | - | - | - | - |
Shares |
188 M | 187 M | 187 M | 170 M | 153 M | 117 M | 134 M | 141 M | 141 M | 141 M | - | - | - | - | - |
Historical Prices |
18.6 | 16.1 | 16.4 | 17.9 | 21.7 | 17.4 | - | - | - | - | - | - | - | - | - |
Net Income |
96.5 M | 162 M | 155 M | 122 M | 102 M | 51.2 M | 79.4 M | 69.4 M | 54.8 M | 36.4 M | 19.3 M | - | - | - | - |
Revenue |
454 M | 432 M | 443 M | 408 M | 383 M | 322 M | 299 M | 237 M | 182 M | 143 M | 98.1 M | - | - | - | - |
Gross Profit |
- | - | - | - | - | - | 275 M | 220 M | 170 M | 135 M | 92 M | - | - | - | - |
Operating Income |
- | - | - | - | - | - | - | - | 84.9 M | 63.6 M | 42.4 M | - | - | - | - |
Interest Expense |
-6.42 M | 74.1 M | 80.1 M | 78.7 M | 64.1 M | 76.1 M | 72.5 M | 52.9 M | 34.8 M | 30 M | 22.6 M | - | - | - | - |
EBITDA |
160 M | 152 M | 153 M | 150 M | 129 M | 132 M | 247 M | 195 M | 150 M | 121 M | 81.7 M | - | - | - | - |
Operating Expenses |
- | - | - | - | - | - | 136 M | 109 M | 82.6 M | 60.5 M | 39.7 M | - | - | - | - |
General and Administrative Expenses |
38.9 M | 38 M | 39.4 M | 37.4 M | 36.4 M | 28 M | 27.3 M | 24.3 M | 19.7 M | 13.7 M | 10.2 M | - | - | - | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Broadstone Net Lease
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
191 M | 191 M | 190 M | 191 M | 188 M | 188 M | 188 M | 189 M | 187 M | 187 M | 187 M | 188 M | 187 M | 187 M | 186 M | 186 M | 173 M | 170 M | 164 M | 162 M | 159 M | 146 M | 145 M | 144 M | 111 M | 107 M | 106 M | 103 M | 98.6 M | 92.8 M | 89.3 M | 21.4 M | 20.6 M | 19.8 M | 19.2 M | 18.5 M | 17.6 M | 16.6 M | 15.6 M | 14.5 M | 13.6 M | 12.8 M | 11.8 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
26.8 M | 39.8 M | 46.4 M | - | 26.5 M | 20.2 M | 16.7 M | - | 35.6 M | 35.3 M | 65.1 M | - | 49.7 M | 60 M | 39.3 M | - | 27.1 M | 33.5 M | 28.4 M | - | 28.7 M | 22.8 M | 24 M | 17.6 M | 8.75 M | 15.4 M | 10.8 M | 25.9 M | 23.4 M | 16.1 M | 13.9 M | 14.7 M | 21.3 M | 17 M | 17.6 M | 16.8 M | 11.9 M | 14.7 M | 12.6 M | 12.5 M | 14 M | 4.82 M | 5.1 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
122 M | 122 M | 121 M | - | 114 M | 113 M | 109 M | - | 108 M | 106 M | 105 M | - | 110 M | 109 M | 119 M | - | 104 M | 98 M | 93.8 M | - | 123 M | 84.8 M | 82.7 M | 82.3 M | 80.7 M | 80.4 M | 78.2 M | 84.9 M | 76.4 M | 69.1 M | 68.4 M | 63.1 M | 61.8 M | 57 M | 55.6 M | 49.5 M | 46.2 M | 43.7 M | 42.2 M | 39.4 M | 37 M | 34.8 M | 31.6 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 27 M | 26.4 M | 26.5 M | 23.2 M | 19.4 M | 21.6 M | 20.6 M | 17.5 M | 16.9 M | 13.8 M | 15.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
-71 K | 1.31 M | 1.45 M | - | 1.31 M | -3.44 M | -487 K | - | 18.2 M | 748 K | 18.6 M | - | 19.7 M | 20.3 M | 21.1 M | - | 20.1 M | 17.9 M | 16.9 M | - | 15.6 M | 15.4 M | 16.1 M | - | 18.5 M | 19.5 M | 21 M | - | 18.5 M | 16.7 M | 15.8 M | - | 14.5 M | 12.5 M | 11.2 M | - | 9.38 M | 7.86 M | 7.94 M | - | 4.58 M | 8.88 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
50.8 M | 88.6 M | - | - | 119 M | - | - | - | - | - | - | - | - | - | - | - | 39.4 M | 35.5 M | 33.1 M | - | 96.3 M | 31.2 M | 30 M | - | 103 M | 71 M | 30.1 M | - | 75.7 M | 48.1 M | 23.6 M | - | 88.5 M | 66.3 M | 45.9 M | 23.2 M | 64.9 M | 51.4 M | 35.4 M | 17.5 M | 49.8 M | 34.7 M | 15.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -23.2 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
10.8 M | 11.9 M | 10.3 M | - | 9.97 M | 9.57 M | 9.67 M | - | 8.72 M | 9.9 M | 9.43 M | - | 10.1 M | 9.48 M | 10.4 M | - | 9.94 M | 9.29 M | 8.83 M | - | 8.55 M | 8.66 M | 10.6 M | - | 7.21 M | 5.7 M | 5.84 M | - | 1.32 M | 1.39 M | 1.1 M | - | 1.66 M | 1.46 M | 1.33 M | - | 1.17 M | 1.16 M | 963 K | - | 598 K | 684 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Broadstone Net Lease (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.