BNL - NYSE
Broadstone Net Lease, Inc.
$20.30
+0.40%BNL is an internally-managed REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The Company utilizes an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting. As of September 30, 2020, BNL's diversified portfolio consisted of 627 properties in 41 U.S. states and one property in Canada across the industrial, healthcare, restaurant, office, and retail property types, with an aggregate gross asset value of approximately $4.0 billion.
At a Glance
Live SnapshotBroadstone Net Lease, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
CapEx Intensity
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
FCF Growth Trend
Flat FCF growth. Stable but not expanding—monitor for signs of business maturity or temporary headwinds.
Working Capital Impact
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Cash Flow Quality Insight
Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.
Broadstone Net Lease, Inc. Cash Flow Statement
BNL • NYSE
| Broadstone Net Lease, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||
99.4M | 169M | 163.3M | 129.5M | 109.5M | 56.3M | 85.1M | 75.1M | 59.6M | 40.3M | 20.9M | 15.8M | |
159.6M | 151.8M | 158.6M | 150M | 128.9M | 131.6M | 105.4M | 83.7M | 62.8M | 45.8M | 28.8M | 19.2M | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 3.9M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
9.6M | 7.4M | 6.4M | 5.3M | 4.7M | 2M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
17.4M | -49.8M | -48.1M | -29.2M | -4.6M | -17.3M | -45.2M | -34.7M | -27M | -20.6M | -11.3M | -1.8M | |
(1.1M) | (0.0) | (300K) | (400K) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
13.5M | -2M | -9.2M | 307K | 6.5M | 2.5M | 2.1M | 3.9M | 2.7M | 1.7M | 195K | -446K | |
299.5M | 276.3M | 271.1M | 255.9M | 244.9M | 179M | 147.4M | 128M | 97.9M | 67.2M | 38.6M | 32.8M | |
INVESTING ACTIVITIES | ||||||||||||
(0.0) | (0.0) | -46.3M | -31.4M | -1.6M | -10.8M | -5.1M | -5M | -6.6M | -1.9M | -10.6M | -215K | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -30.9M | (828.3M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -96.1M | -997M | -576.2M | -668.4M | -504.8M | -491.8M | (0.0) | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 77.5M | 168.8M | 18.5M | 64M | 34.9M | 22.1M | 0.0 | |
-675.3M | -59.7M | 70.6M | -828.3M | -580.7M | 0.0 | -826.7M | -524M | -604.5M | -468.6M | -469.9M | -198.4M | |
-675.3M | -59.7M | (24.3M) | -859.6M | -582.3M | -60.2M | -831.7M | -510.5M | -611.1M | -470.6M | -480.5M | -198.6M | |
FINANCING ACTIVITIES | ||||||||||||
37.9M | -996K | -180K | 495.6M | 280.4M | 588.3M | -54.6M | -10.2M | -9.4M | -8.2M | -3.1M | -1M | |
580M | 6.2M | -116M | 340M | 150.9M | -532M | 489.3M | 248.4M | 299.9M | 204.6M | 197.8M | 89.9M | |
-218.8M | -216.8M | -207.5M | -181.2M | -154.5M | -71.5M | -62M | -51.8M | -44.5M | -35.7M | -23.8M | -18.8M | |
(0.0) | (0.0) | -180K | (0.0) | (0.0) | -126K | -54.6M | -10.2M | -9.4M | -8.2M | -3.1M | -1M | |
-5.7M | -9.7M | -11.1M | -18.3M | -22.4M | -13.2M | 313M | 205M | 255M | 238.6M | 293.8M | 86.8M | |
393.4M | -221.2M | -334.8M | 636M | 254.4M | -28.4M | 685.7M | 391.3M | 500.9M | 399.4M | 464.8M | 156.9M | |
CASH FLOW SUMMARY | ||||||||||||
17.6M | -4.6M | -39.4M | 32.3M | -83M | 90.4M | 1.3M | 8.9M | -12.3M | -4M | 22.9M | -8.9M | |
16M | 20.6M | 60M | 27.8M | 110.7M | 20.3M | 19M | 10.1M | 21.6M | 27.1M | 4.1M | 13M | |
33.6M | 16M | 20.6M | 60M | 27.8M | 110.7M | 20.3M | 19M | 9.4M | 23.1M | 27.1M | 4.1M | |
269.8M | 259.5M | 224.8M | 224.5M | 243.3M | 168.2M | 142.3M | 123.1M | 91.3M | 65.3M | 28.1M | 32.6M |
SEC Filings
BNL - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 01, 2026 | April 30, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 30, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 29, 2026 | April 29, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 01, 2026 | April 01, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 20, 2026 | March 20, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 25, 2026 | February 25, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 19, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 18, 2026 | February 18, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 12, 2026 | January 12, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 01, 2025 | December 01, 2025 | 2025 |
Related Guides
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Snapshot
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Statements
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Analyst Expectations
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