Broadstone Net Lease (BNL) Land & Improvements (2017 - 2025)
Broadstone Net Lease (BNL) posted quarterly Land & Improvements of $781.1 million for Q4 2025, little changed year-over-year from $778.8 million in Q4 2024, and little changed quarter-over-quarter from $778.8 million in Q4 2024.
Broadstone Net Lease (BNL) Land & Improvements (2017 - 2025) Analysis & Trends
Broadstone Net Lease (BNL) has reported Land & Improvements for 9 consecutive years, with $781.1 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Land & Improvements changed 0.29% year-over-year to $781.1 million; the TTM figure through Dec 2025 stood at $781.1 million (changed 0.29% YoY), while the FY2025 annual figure was $781.1 million, changed 0.29% from the prior year.
- Land & Improvements was little changed at $781.1 million in Q4 2025 per BNL's latest filing, from $778.8 million in the prior quarter.
- Across five years, Land & Improvements topped out at $781.1 million in Q4 2025 and bottomed at $655.4 million in Q4 2021.
- Historically, Land & Improvements has averaged $750.0 million across 5 years, with a median of $768.7 million in 2022.
- Annual changes were most pronounced in 2021 — Land & Improvements grew 17.93% — and 2023, when it retreated 0.37%.
- Broadstone Net Lease's Land & Improvements stood at $655.4 million in 2021, then increased by 17.29% to $768.7 million in 2022, then declined by 0.37% to $765.8 million in 2023, then climbed by 1.7% to $778.8 million in 2024, then climbed by 0.29% to $781.1 million in 2025.
- Business Quant data shows BNL's Land & Improvements at $781.1 million in Q4 2025, $778.8 million in Q4 2024, and $765.8 million in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Land & Improvements (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 28.92 Bn | 28.48 Bn | 1.05 Bn | - |
| 2 | W. P. Carey | 16.08 Bn | 16.08 Bn | 441.59 Mn | - |
| 3 | Broadstone Net Lease | 4.01 Bn | 4.00 Bn | - | - |
| 4 | Global Net Lease | 1.91 Bn | 1.76 Bn | - | 636.93 Mn |
| 5 | American Assets Trust | 1.38 Bn | 1.38 Bn | - | - |
| 6 | Safehold | 1.10 Bn | -2.59 Bn | 113.88 Mn | 547.74 Mn |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - | 317.19 Mn |
| 8 | Empire State Realty Trust | 826.12 Mn | 826.12 Mn | - | 838.83 Mn |
| 9 | CTO Realty Growth | 764.50 Mn | 764.50 Mn | 32.71 Mn | 298.96 Mn |
| 10 | JBG SMITH Properties | 729.72 Mn | 729.72 Mn | - | 987.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 781.12 Mn |
| Dec 31, 2024 | 778.83 Mn |
| Dec 31, 2023 | 765.83 Mn |
| Dec 31, 2022 | 768.67 Mn |
| Dec 31, 2021 | 655.37 Mn |
| Dec 31, 2020 | 555.75 Mn |
| Dec 31, 2019 | 548.91 Mn |
| Dec 31, 2018 | 411.04 Mn |
| Dec 31, 2017 | 348.94 Mn |