Broadstone Net Lease (BNL) Net Margin (2016 - 2026)
Broadstone Net Lease (BNL) recorded Net Margin of 32.54% in Q2 2026, up 14.70 percentage points from 17.84% a year earlier but down 5.65 percentage points from the prior quarter.
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Analysis
Broadstone Net Lease (BNL) Net Margin (2016 - 2026) Analysis & Trends
On a TTM basis, Broadstone Net Lease's Net Margin came in at 30.61% as of Jun 30, 2026, up 8.14 percentage points year-over-year; for FY2025, it came in at 21.25%, down 16.37 percentage points from FY2024.
- Annual Net Margin has a five-year change of +5.34 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 37.62% in FY2024 (+2.51 pp), 35.11% in FY2023 (+5.14 pp), 29.97% in FY2022 (+3.21 pp) and 26.75% in FY2021 (+10.84 pp).
- Quarterly Net Margin has ranged from 15.81% in Q1 2025 to 61.80% in Q1 2024 over the past five years.
- On a year-over-year basis, Net Margin has increased for three consecutive quarters, with an average year-over-year change of -9.47 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 28.77 percentage points in Q1 2024, against a drop of 45.99 percentage points in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 38.19% (Q1 2026), 28.00% (Q4 2025) and 23.18% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 166.01 Bn | 148.52 Bn | 1.39 Bn | 12.55% |
| 2 | Prologis | 121.16 Bn | 125.55 Bn | - | 43.74% |
| 3 | Simon Property | 65.49 Bn | 66.75 Bn | - | 170.16% |
| 4 | Realty Income | 51.38 Bn | 53.76 Bn | - | 22.22% |
| 5 | Public Storage | 49.67 Bn | 48.75 Bn | - | 36.52% |
| 6 | Ventas | 43.61 Bn | 42.81 Bn | - | 4.08% |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 30.14% |
| 8 | Vici Properties | 25.29 Bn | 23.41 Bn | 1.05 Bn | 49.74% |
| 9 | Vivmark Residential | 22.78 Bn | 22.97 Bn | - | - |
| 10 | Broadstone Net Lease | 3.55 Bn | 3.53 Bn | - | 32.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.54% |
| Mar 31, 2026 | 38.19% |
| Dec 31, 2025 | 28.00% |
| Sep 30, 2025 | 23.18% |
| Jun 30, 2025 | 17.84% |
| Mar 31, 2025 | 15.81% |
| Dec 31, 2024 | 23.54% |
| Sep 30, 2024 | 32.85% |
| Jun 30, 2024 | 33.36% |
| Mar 31, 2024 | 61.80% |
| Dec 31, 2023 | 57.16% |
| Sep 30, 2023 | 45.35% |
| Jun 30, 2023 | 57.61% |
| Mar 31, 2023 | 33.03% |
| Dec 31, 2022 | 32.79% |
| Sep 30, 2022 | 27.73% |
| Jun 30, 2022 | 36.27% |
| Mar 31, 2022 | 30.31% |
| Dec 31, 2021 | 32.70% |
| Sep 30, 2021 | 23.37% |
API Access
Broadstone Net Lease Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=BNL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "BNL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=BNL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();