Broadstone Net Lease (BNL) Land & Improvements (2017 - 2025)
Broadstone Net Lease's (BNL) quarterly Land & Improvements came in at $781.1 million in Q4 2025, little changed year-on-year from $778.8 million in Q4 2024, and little changed on a QoQ basis from $778.8 million in Q4 2024.
Broadstone Net Lease (BNL) Land & Improvements (2017 - 2025) Analysis & Trends
Broadstone Net Lease (BNL) has 9 years of Land & Improvements data on file, last reported at $781.1 million in Q4 2025.
- On a quarterly basis, Land & Improvements changed 0.29% year-over-year to $781.1 million in Q4 2025; TTM through Dec 2025 was $781.1 million, a 0.29% change from a year earlier, with the FY2025 full-year figure at $781.1 million, changed 0.29% from the prior year.
- Land & Improvements for Q4 2025 stood at $781.1 million, roughly flat from $778.8 million in the prior quarter.
- Over the last five years, Land & Improvements for BNL reached as high as $781.1 million in Q4 2025 and fell as low as $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.
- Across the five-year window, Land & Improvements advanced 17.93% in 2021 and declined 0.37% in 2023, its largest moves.
- Year by year, Land & Improvements stood at $655.4 million in 2021, then gained by 17.29% to $768.7 million in 2022, then retreated by 0.37% to $765.8 million in 2023, then increased by 1.7% to $778.8 million in 2024, then increased by 0.29% to $781.1 million in 2025.
- Per Business Quant data, the three most recent Land & Improvements figures were $781.1 million in Q4 2025, $778.8 million in Q4 2024, and $765.8 million in Q4 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Land & Improvements (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 28.12 Bn | 27.64 Bn | 1.01 Bn | - |
| 2 | W. P. Carey | 16.60 Bn | 16.61 Bn | 434.82 Mn | - |
| 3 | Broadstone Net Lease | 4.29 Bn | 4.40 Bn | - | - |
| 4 | American Assets Trust | 1.47 Bn | 1.41 Bn | - | - |
| 5 | Safehold | 1.15 Bn | -2.44 Bn | 109.54 Mn | 547.74 Mn |
| 6 | Empire State Realty Trust | 930.17 Mn | 1.66 Bn | - | 465.27 Mn |
| 7 | Cim | 917.30 Mn | 735.54 Mn | - | 306.07 Mn |
| 8 | JBG SMITH Properties | 855.38 Mn | 1.35 Bn | - | 980.18 Mn |
| 9 | CTO Realty Growth | 725.13 Mn | 725.13 Mn | 31.01 Mn | 278.59 Mn |
| 10 | Gladstone Commercial | 618.64 Mn | 788.68 Mn | - | 150.87 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 | 117,000.00 |
| Dec 31, 2017 | 348.94 Mn |