Broadstone Net Lease, Inc.
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 19, 2026
BNL$17.85+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income and Comprehensive Income
| For the Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues | |||
| Lease revenues, net | $454,138 | $431,800 | $442,888 |
| Operating expenses | |||
| Depreciation and amortization | 164,086 | 156,179 | 158,626 |
| Property and operating expense | 22,971 | 24,741 | 22,576 |
| General and administrative | 38,883 | 37,986 | 39,425 |
| Provision for impairment of investment in rental properties | 39,734 | 49,001 | 31,274 |
| Total operating expenses | 265,674 | 267,907 | 251,901 |
| Other income (expenses) | |||
| Interest income | 389 | 994 | 512 |
| Interest expense | (94,467) | (74,077) | (80,053) |
| Gain on sale of real estate | 12,601 | 73,153 | 54,310 |
| Income taxes | (1,154) | (1,175) | (763) |
| Other (expenses) income | (6,417) | 6,201 | (1,681) |
| Net income | 99,416 | 168,989 | 163,312 |
| Net income attributable to non-controlling interests | (2,921) | (6,548) | (7,834) |
| Net income attributable to Broadstone Net Lease, Inc. | $96,495 | $162,441 | $155,478 |
| Weighted average number of common shares outstanding | |||
| Basic | 188,123 | 187,454 | 186,617 |
| Diluted | 197,573 | 196,619 | 196,315 |
| Net earnings per share attributable to common stockholders | |||
| Basic | $0.51 | $0.86 | $0.83 |
| Diluted | $0.50 | $0.86 | $0.83 |
| Comprehensive income | |||
| Net income | $99,416 | $168,989 | $163,312 |
| Other comprehensive income | |||
| Change in fair value of interest rate swaps | (36,185) | 124 | (17,293) |
| Realized loss on interest rate swaps | 6,091 | 209 | 1,883 |
| Comprehensive income | 69,322 | 169,322 | 147,902 |
| Comprehensive income attributable to non-controlling interests | (1,635) | (6,552) | (7,070) |
| Comprehensive income attributable to Broadstone Net Lease, Inc. | $67,687 | $162,770 | $140,832 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.