Broadstone Net Lease (BNL) Operating Expenses (2016 - 2026)
Broadstone Net Lease's (BNL) quarterly Operating Expenses came in at $70.4 million in Q2 2026, up 1.84% year-over-year from $69.1 million in Q2 2025, and up 21.2% quarter-over-quarter from $58.1 million in Q1 2026.
Analysis
Broadstone Net Lease (BNL) Operating Expenses (2016 - 2026) Analysis & Trends
Broadstone Net Lease (BNL) has reported Operating Expenses for 11 consecutive years, with $70.4 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 1.84% year-over-year to $70.4 million in Q2 2026; TTM through Jun 2026 was $254.2 million, a 6.56% decrease from a year earlier, with the FY2025 full-year figure at $265.7 million, down 0.83% from the prior year.
- Operating Expenses was $70.4 million for Q2 2026 at Broadstone Net Lease, up from $58.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $84.5 million in Q4 2023 and troughed at $48.2 million in Q1 2022.
- A 5-year average of $63.0 million and a median of $60.4 million in 2022 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses dropped 22.26% in 2022 and jumped 37.73% in 2023, its largest moves.
- Over 5 years, Operating Expenses stood at $61.3 million in 2022, then soared by 37.73% to $84.5 million in 2023, then dropped by 8.39% to $77.4 million in 2024, then slipped by 19.37% to $62.4 million in 2025, then rose by 12.79% to $70.4 million in 2026.
- The last three Operating Expenses figures came in at $70.4 million (Q2 2026), $58.1 million (Q1 2026), and $62.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Realty Income | 55.53 Bn | 55.53 Bn | - | 1.19 Bn |
| 2 | W. P. Carey | 15.73 Bn | 15.73 Bn | 441.59 Mn | 297.54 Mn |
| 3 | Agree Realty | 8.58 Bn | 8.57 Bn | - | 112.31 Mn |
| 4 | Nnn Reit | 8.34 Bn | 8.34 Bn | - | 102.00 Mn |
| 5 | Essential Properties Realty Trust | 6.30 Bn | 6.30 Bn | - | 62.12 Mn |
| 6 | Broadstone Net Lease | 3.91 Bn | 3.90 Bn | - | 70.36 Mn |
| 7 | Four Corners Property Trust | 2.64 Bn | 2.64 Bn | 70.62 Mn | 35.23 Mn |
| 8 | Getty Realty | 1.97 Bn | 1.97 Bn | 58.71 Mn | 7.30 Mn |
| 9 | Netstreit | 1.92 Bn | 1.92 Bn | - | 41.57 Mn |
| 10 | Global Net Lease | 1.92 Bn | 1.76 Bn | - | 80.99 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 70.36 Mn |
| Mar 31, 2026 | 58.06 Mn |
| Dec 31, 2025 | 62.39 Mn |
| Sep 30, 2025 | 63.42 Mn |
| Jun 30, 2025 | 69.09 Mn |
| Mar 31, 2025 | 70.79 Mn |
| Dec 31, 2024 | 77.37 Mn |
| Sep 30, 2024 | 54.81 Mn |
| Jun 30, 2024 | 56.46 Mn |
| Mar 31, 2024 | 79.26 Mn |
| Dec 31, 2023 | 84.46 Mn |
| Sep 30, 2023 | 54.38 Mn |
| Jun 30, 2023 | 53.50 Mn |
| Mar 31, 2023 | 59.56 Mn |
| Dec 31, 2022 | 61.32 Mn |
| Sep 30, 2022 | 59.13 Mn |
| Jun 30, 2022 | 50.88 Mn |
| Mar 31, 2022 | 48.16 Mn |
| Dec 31, 2021 | 46.65 Mn |
| Sep 30, 2021 | 76.07 Mn |