Broadstone Net Lease Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	454.14	431.8	442.89	407.51	382.88
Total Revenue	454.14	431.8	442.89	407.51	382.88
Revenue Growth (YoY	5.17%	-2.50%	8.68%	6.44%	19.04%
Property Expenses	22.97	24.74	22.58	21.77	18.46
Selling, General & Administrative	38.88	37.99	39.43	37.38	36.37
Depreciation & Amortization	158.79	154.58	157.73	146.31	128.3
Total Operating Expenses	220.64	217.31	219.73	205.46	183.12
Operating Income	233.5	214.49	223.16	202.06	199.76
Interest Expense	-94.47	-74.08	-80.05	-78.65	-64.15
Interest & Investment Income	0.39	0.99	0.51	0.04	0.02
Currency Exchange Gain (Loss)	-3.7	6.2	-	5.6	0.1
Other Non-Operating Income	-2.72	0	-1.68	-0.22	-0.16
EBT Excluding Unusual Items	133	147.61	141.94	128.83	135.56
Gain (Loss) on Sale of Assets	12.6	73.15	54.31	15.95	13.52
Asset Writedown	-45.03	-50.6	-32.17	-14.04	-32.01
Other Unusual Items	-	-	-	-	-5.91
Pretax Income	100.57	170.16	164.08	130.75	111.17
Income Tax Expense	1.15	1.18	0.76	1.28	1.64
Earnings From Continuing Operations	99.42	168.99	163.31	129.48	109.53
Minority Interest in Earnings	-2.92	-6.55	-7.83	-7.36	-7.1
Net Income	96.5	162.44	155.48	122.12	102.43
Preferred Dividends & Other Adjustments	1.24	1.17	0.56	0.42	0.39
Net Income to Common	95.25	161.28	154.92	121.7	102.03
Net Income Growth	-40.60%	4.48%	27.32%	19.22%	100.13%
Basic Shares Outstanding	188	187	187	170	153
Diluted Shares Outstanding	198	197	196	180	164
Shares Change (YoY)	0.48%	0.15%	8.94%	9.90%	27.31%
EPS (Basic)	0.51	0.86	0.83	0.72	0.67
EPS (Diluted)	0.50	0.86	0.83	0.72	0.67
EPS Growth	-41.37%	3.57%	15.76%	7.60%	52.74%
Dividend Per Share	1.160	1.155	1.120	1.080	1.025
Dividend Growth	0.43%	3.13%	3.70%	5.37%	166.23%
Operating Margin	51.42%	49.67%	50.39%	49.58%	52.17%
Profit Margin	20.97%	37.35%	34.98%	29.86%	26.65%
EBITDA	387.81	364.66	375.04	343.56	324.84
EBITDA Margin	85.40%	84.45%	84.68%	84.31%	84.84%
D&A For Ebitda	154.32	150.17	151.88	141.5	125.09
EBIT	233.5	214.49	223.16	202.06	199.76
EBIT Margin	51.42%	49.67%	50.39%	49.58%	52.17%
Funds From Operations (FFO)	290.3	300.68	298.62	273.73	256.21
FFO Per Share	1.46	1.52	-	-	-
Adjusted Funds From Operations (AFFO)	296.28	281.99	277.73	252.17	215.96
AFFO Per Share	1.49	1.43	-	-	-
FFO Payout Ratio	75.36%	72.09%	69.49%	66.21%	60.29%
Effective Tax Rate	1.15%	0.69%	0.46%	0.97%	1.48%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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