Broadstone Net Lease (BNL) Operating Leases (2016 - 2026)
Broadstone Net Lease (BNL) reported Operating Leases of $39.9 million for Q1 2026, down 14.9% year-over-year from $46.8 million in Q1 2025, and down 4.01% quarter-over-quarter 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.
- Operating Leases for Q1 2026 came in at $39.9 million, down 14.9% year-over-year; the trailing twelve-month figure through Mar 2026 was $39.9 million (down 14.9% YoY), and the FY2025 annual result was $41.5 million, down 14.78% from the prior year.
- Operating Leases declined to $39.9 million in Q1 2026 per BNL's latest filing, from $41.5 million in the prior quarter.
- Over five years, Operating Leases peaked at $66.9 million in Q2 2022 and troughed at $39.9 million in Q1 2026.
- A 5-year average of $52.5 million and a median of $52.0 million in 2024 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2024 and 2025: Operating Leases decreased 7.73% in 2024, then declined 15.67% in 2025.
- A 5-year view of Operating Leases shows it stood at $62.9 million in 2022, then fell by 14.83% to $53.5 million in 2023, then decreased by 8.97% to $48.7 million in 2024, then declined by 14.78% to $41.5 million in 2025, then declined by 4.01% to $39.9 million in 2026.
- Business Quant data shows BNL's Operating Leases at $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 | 29.26 Bn | 28.78 Bn | 1.01 Bn |
| 2 | Broadstone Net Lease | 3.95 Bn | 4.05 Bn | - |
| 3 | American Assets Trust | 1.46 Bn | 1.40 Bn | - |
| 4 | Safehold | 1.13 Bn | 1.14 Bn | 109.54 Mn |
| 5 | Empire State Realty Trust | 916.51 Mn | 1.65 Bn | - |
| 6 | JBG SMITH Properties | 880.19 Mn | 1.38 Bn | - |
| 7 | CTO Realty Growth | 672.82 Mn | 672.82 Mn | 31.01 Mn |
| 8 | Gladstone Commercial | 608.72 Mn | 778.76 Mn | - |
| 9 | AH Realty Trust | 540.92 Mn | 723.25 Mn | - |
| 10 | One Liberty Properties | 510.56 Mn | 490.30 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 |