BNL

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.

Track Record

Showing latest 4 periods • Swipe for more

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	459.14M	438.77M	448.09M	408.94M	383.22M	323.71M	298.81M	237.48M	181.56M	142.87M	98.09M	68.15M
Net Income	102.91M	156.24M	157.16M	116.42M	102.49M	51.18M	79.39M	69.38M	54.80M	36.35M	19.29M	15.78M
EPS	0.51	0.86	0.87	0.72	0.67	0.44	0.56	0.45	0.41	0.26	0.54	0.65
Free Cash Flow	269.79M	259.46M	224.82M	224.54M	243.34M	168.22M	142.31M	123.05M	91.33M	65.25M	N/A	N/A
FCF / Share	1.43	1.38	1.20	1.32	1.59	1.44	0.93	0.80	0.68	0.46	N/A	N/A
Operating CF	299.50M	276.25M	271.07M	255.91M	244.94M	179.03M	147.36M	128.01M	97.94M	67.19M	N/A	N/A
Total Assets	5.72B	5.22B	5.27B	5.46B	4.62B	4.26B	3.92B	3.10B	2.58B	1.95B	N/A	N/A
Total Debt	2.62B	1.91B	1.91B	2.02B	1.69B	1.62B	2.07B	1.45B	1.18B	866.58M	N/A	N/A
Cash & Equiv	30.54M	14.85M	19.49M	21.79M	21.67M	100.49M	12.46M	18.61M	9.36M	21.64M	N/A	N/A
Book Value	2.90B	3.00B	3.05B	3.09B	2.58B	2.30B	1.67B	1.42B	1.19B	911.79M	N/A	N/A
Return on Equity	0.04	0.05	0.05	0.04	0.04	0.02	0.05	0.05	0.05	0.04	N/A	N/A

Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Revenue	121.40M	119.40M	114.93M	113.04M	111.78M	112.89M	109.83M	106.94M	109.12M	109.88M	109.64M	109.59M
Net Income	46.37M	33.13M	25.15M	23.61M	17.23M	21.69M	36.55M	34.58M	63.42M	7.93M	48.22M	61.69M
EPS	0.24	0.17	0.14	0.11	0.09	-0.01	0.20	0.19	0.35	0.03	0.27	0.32
Free Cash Flow	74.73M	77.98M	58.02M	76.67M	57.11M	57.47M	60.26M	74.00M	67.73M	43.78M	68.03M	54.22M
FCF / Share	0.39	0.41	0.31	0.41	0.30	0.31	0.32	0.39	0.36	0.23	0.36	0.29
Operating CF	76.09M	84.57M	64.19M	79.28M	71.46M	63.91M	67.30M	74.17M	70.87M	60.58M	73.89M	62.23M
Total Assets	5.85B	5.72B	5.52B	5.33B	5.24B	5.22B	5.26B	5.26B	5.27B	5.27B	5.34B	5.37B
Total Debt	2.68B	2.62B	2.38B	2.16B	2.04B	1.91B	2.00B	1.95B	1.95B	1.91B	1.95B	2.00B
Cash & Equiv	20.31M	30.54M	81.97M	20.78M	9.61M	14.85M	9.00M	18.28M	221.74M	19.49M	35.06M	20.76M
Book Value	2.89B	2.90B	2.88B	2.91B	2.95B	3.00B	3.00B	3.05B	3.07B	3.05B	3.12B	3.11B
Return on Equity	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.00	0.02	0.02