Broadstone Net Lease (BNL) Operating Expenses (2016 - 2026)
Broadstone Net Lease (BNL) posted quarterly Operating Expenses of $70.4 million for 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.
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.
- In Q2 2026, Operating Expenses rose 1.84% year-over-year to $70.4 million; the TTM figure through Jun 2026 stood at $254.2 million (down 6.56% YoY), while the FY2025 annual figure was $265.7 million, down 0.83% from the prior year.
- Operating Expenses climbed to $70.4 million in Q2 2026 per BNL's latest filing, from $58.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $84.5 million in Q4 2023 and bottomed at $48.2 million in Q1 2022.
- Historically, Operating Expenses has averaged $63.0 million across 5 years, with a median of $60.4 million in 2022.
- Annual changes were most pronounced in 2022 — Operating Expenses declined 22.26% — and 2023, when it surged 37.73%.
- Broadstone Net Lease's Operating Expenses stood at $61.3 million in 2022, then surged by 37.73% to $84.5 million in 2023, then fell by 8.39% to $77.4 million in 2024, then declined by 19.37% to $62.4 million in 2025, then advanced by 12.79% to $70.4 million in 2026.
- Business Quant data shows BNL's Operating Expenses at $70.4 million in Q2 2026, $58.1 million in Q1 2026, and $62.4 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 28.92 Bn | 28.48 Bn | 1.05 Bn | 315.61 Mn |
| 2 | W. P. Carey | 16.08 Bn | 16.08 Bn | 441.59 Mn | 297.54 Mn |
| 3 | Broadstone Net Lease | 4.01 Bn | 4.00 Bn | - | 70.36 Mn |
| 4 | Global Net Lease | 1.91 Bn | 1.76 Bn | - | 80.99 Mn |
| 5 | American Assets Trust | 1.38 Bn | 1.38 Bn | - | 83.18 Mn |
| 6 | Safehold | 1.10 Bn | -2.59 Bn | 113.88 Mn | 86.39 Mn |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - | 85.94 Mn |
| 8 | Empire State Realty Trust | 826.12 Mn | 826.12 Mn | - | 335.61 Mn |
| 9 | CTO Realty Growth | 764.50 Mn | 764.50 Mn | 32.71 Mn | 32.69 Mn |
| 10 | JBG SMITH Properties | 729.72 Mn | 729.72 Mn | - | 125.52 Mn |
Historic Data
Download 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 |