The Tip Desk

Broadstone Net Lease, Inc.

Company Stats

Market Cap
$3.6B
as of Sep 30, 2026
Enterprise Value
$6.0B
Shares Outstanding
191.9M
Free Float
98.7%

Income Statement

Revenue
$454.1M
Net Income
$96.5M
Non-cash Impairment
$39.7M
Revenue Growth, 3Y
3.7%
FCF Margin, 3Y Avg
56.8%
FCF Margin, Worst Year
50.8%

Cash Flow

Free Cash Flow
$269.8M
FCF Yield
7.6%
Owner FCF Yield
7.3%

Balance Sheet

Cash & Equivalents
$30.5M
Total Debt
$2.5B
Net Debt
$2.5B

Returns & Capital

Dividends Paid
$218.8M
Dividend Yield
6.2%
Dividend Payout, 3Y Avg
164.5%
SBC, 3Y Avg
$7.8M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$454.1M$269.8M59.4%
FY2024$431.8M$259.5M60.1%
FY2023$442.9M$224.8M50.8%
FY2022$407.5M$224.5M55.1%
FY2021$382.9M$243.3M63.6%

Annual filing data through FY ended December 31, 2025; shares and float as of October 30, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage