Broadstone Net Lease BNL
NYSE BNL
$20.52 -0.18 (-0.89%)
As of: Sep 10, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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