Broadstone Net Lease (BNL) Operating Leases (2016 - 2026)
Broadstone Net Lease's (BNL) quarterly Operating Leases came in at $39.9 million in Q1 2026, down 14.9% year-on-year from $46.8 million in Q1 2025, and down 4.01% on a QoQ basis from $41.5 million in Q4 2025.
Broadstone Net Lease (BNL) Operating Leases (2016 - 2026) Analysis & Trends
Broadstone Net Lease (BNL) has 11 years of Operating Leases data on file, last reported at $39.9 million in Q1 2026.
- On a quarterly basis, Operating Leases fell 14.9% year-over-year to $39.9 million in Q1 2026; TTM through Mar 2026 was $39.9 million, a 14.9% decrease from a year earlier, with the FY2025 full-year figure at $41.5 million, down 14.78% from the prior year.
- Operating Leases for Q1 2026 stood at $39.9 million, down from $41.5 million in the prior quarter.
- Over the last five years, Operating Leases for BNL reached as high as $66.9 million in Q2 2022 and fell as low as $39.9 million in Q1 2026.
- Historically, Operating Leases has averaged $52.5 million across 5 years, with a median of $52.0 million in 2024.
- Across the five-year window, Operating Leases fell 7.73% in 2024 and slipped 15.67% in 2025, its largest moves.
- Year by year, Operating Leases stood at $62.9 million in 2022, then slipped by 14.83% to $53.5 million in 2023, then declined by 8.97% to $48.7 million in 2024, then decreased by 14.78% to $41.5 million in 2025, then decreased by 4.01% to $39.9 million in 2026.
- Per Business Quant data, the three most recent Operating Leases figures were $39.9 million in Q1 2026, $41.5 million in Q4 2025, and $43.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (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 |
| 6 | Empire State Realty Trust | 930.17 Mn | 1.66 Bn | - |
| 7 | Cim | 917.30 Mn | 735.54 Mn | - |
| 8 | JBG SMITH Properties | 855.38 Mn | 1.35 Bn | - |
| 9 | CTO Realty Growth | 725.13 Mn | 725.13 Mn | 31.01 Mn |
| 10 | Gladstone Commercial | 618.64 Mn | 788.68 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 39.86 Mn |
| Dec 31, 2025 | 41.53 Mn |
| Sep 30, 2025 | 43.10 Mn |
| Jun 30, 2025 | 44.80 Mn |
| Mar 31, 2025 | 46.84 Mn |
| Dec 31, 2024 | 48.73 Mn |
| Sep 30, 2024 | 50.76 Mn |
| Jun 30, 2024 | 53.12 Mn |
| Mar 31, 2024 | 50.95 Mn |
| Dec 31, 2023 | 53.53 Mn |
| Sep 30, 2023 | 55.30 Mn |
| Jun 30, 2023 | 57.57 Mn |
| Mar 31, 2023 | 59.36 Mn |
| Dec 31, 2022 | 62.86 Mn |
| Sep 30, 2022 | 64.97 Mn |
| Jun 30, 2022 | 66.86 Mn |
| Dec 31, 2021 | 70.60 Mn |
| Sep 30, 2021 | 72.50 Mn |
| Jun 30, 2021 | 74.98 Mn |
| Mar 31, 2021 | 77.49 Mn |