Broadstone Net Lease, Inc. (BNL)

Broadstone Net Lease Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	447.97	431.8	442.89	407.51	382.88	321.64
Total Revenue	447.97	431.8	442.89	407.51	382.88	321.64
Revenue Growth (YoY	5.49%	-2.50%	8.68%	6.44%	19.04%	7.64%
Property Expenses	23.45	24.74	22.58	21.77	18.46	21.21
Selling, General & Administrative	38.76	37.6	39.43	37.38	36.37	27.99
Depreciation & Amortization	158.41	154.58	157.73	146.31	128.3	118.19
Total Operating Expenses	220.62	216.92	219.73	205.46	183.12	167.39
Operating Income	227.36	214.88	223.16	202.06	199.76	154.25
Interest Expense	-88.98	-74.08	-80.05	-78.65	-64.15	-76.14
Interest & Investment Income	0.45	0.99	0.51	0.04	0.02	0.02
Currency Exchange Gain (Loss)	2.3	6.2	-1.7	5.6	0.1	-
Other Non-Operating Income	-0.22	0	0.02	0.09	-0.16	-0.01
EBT Excluding Unusual Items	140.9	148	141.94	129.14	135.56	78.13
Gain (Loss) on Sale of Assets	12.43	73.15	54.31	15.95	13.52	14.99
Asset Writedown	-59.66	-50.6	-32.17	-14.04	-32.01	-33.58
Other Unusual Items	-0.39	-0.39	-0	-0.31	-5.91	-2.32
Pretax Income	93.28	170.16	164.08	130.75	111.17	57.22
Income Tax Expense	1.29	1.18	0.76	1.28	1.64	0.94
Earnings From Continuing Operations	92	168.99	163.31	129.48	109.53	56.28
Minority Interest in Earnings	-2.24	-6.55	-7.83	-7.36	-7.1	-5.1
Net Income	89.76	162.44	155.48	122.12	102.43	51.18
Preferred Dividends & Other Adjustments	1.22	1.17	0.56	0.42	0.39	0.13
Net Income to Common	88.54	161.28	154.92	121.7	102.03	51.05
Net Income Growth	-37.02%	4.48%	27.32%	19.22%	100.13%	-35.53%
Basic Shares Outstanding	188	187	187	170	153	117
Diluted Shares Outstanding	197	197	196	180	164	129
Shares Change (YoY)	0.22%	0.15%	8.94%	9.90%	27.31%	25.21%
EPS (Basic)	0.47	0.86	0.83	0.72	0.67	0.44
EPS (Diluted)	0.47	0.86	0.83	0.72	0.67	0.44
EPS Growth	-37.70%	3.57%	15.76%	7.60%	52.74%	-47.34%
Dividend Per Share	1.160	1.155	1.120	1.080	1.025	0.385
Dividend Growth	0.87%	3.13%	3.70%	5.37%	166.23%	-70.78%
Operating Margin	50.75%	49.76%	50.39%	49.58%	52.17%	47.96%
Profit Margin	19.77%	37.35%	34.98%	29.86%	26.65%	15.87%
EBITDA	381.32	365.04	375.04	343.56	324.84	271.32
EBITDA Margin	85.12%	84.54%	84.68%	84.31%	84.84%	84.36%
D&A For Ebitda	153.96	150.17	151.88	141.5	125.09	117.07
EBIT	227.36	214.88	223.16	202.06	199.76	154.25
EBIT Margin	50.75%	49.76%	50.39%	49.58%	52.17%	47.96%
Funds From Operations (FFO)	297.29	300.68	298.62	273.73	256.21	-
FFO Per Share	-	1.52	1.52	-	-	-
Adjusted Funds From Operations (AFFO)	-	281.99	277.73	252.17	215.96	-
AFFO Per Share	-	1.43	1.41	-	-	-
FFO Payout Ratio	73.56%	72.09%	69.49%	66.21%	60.29%	-
Effective Tax Rate	1.38%	0.69%	0.46%	0.97%	1.48%	1.64%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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