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
DateValue
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