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
DateValue
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