BNL - Broadstone Net Lease, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$20.40
DETAILS
HIGH:
$22.00
LOW:
$19.00
MEDIAN:
$20.00
CONSENSUS:
$20.40
UPSIDE:
0.00%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||
| Revenue | 459.1 | 438.8 | 448.1 | 408.9 | 383.2 | 323.7 | 298.8 | 237.5 | 181.6 | 142.9 | 98.1 | 68.2 |
| Cost of Revenue | 351.1 | 337.1 | 339.8 | 331.4 | 282.7 | 284.1 | 241.9 | 185.7 | 136.0 | 100.5 | 64.9 | 42.8 |
| Gross Profit | 108.0 | 101.7 | 108.3 | 77.6 | 100.6 | 39.6 | 56.9 | 51.8 | 45.5 | 42.4 | 33.2 | 25.4 |
| Operating Expenses | ||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Expenses | (120.2) | (111.2) | (114.0) | (116.0) | (95.4) | (100.2) | (81.5) | (58.8) | (41.9) | (21.2) | (19.1) | (12.9) |
| Operating Expenses | (120.2) | (111.2) | (114.0) | (116.0) | (95.4) | (100.2) | (81.5) | (58.8) | (41.9) | (21.2) | (19.1) | (12.9) |
| Operating Income | ||||||||||||
| Operating Income | 228.2 | 212.9 | 222.3 | 193.6 | 196.0 | 139.8 | 138.4 | 110.6 | 87.5 | 63.6 | 52.3 | 38.3 |
| Interest Expense | 94.5 | 74.1 | 80.1 | 78.7 | 64.1 | 76.1 | 72.5 | 52.9 | 34.8 | 30.0 | 22.6 | 0 |
| Interest Income | 0.4 | 1.0 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 0.5 | 0.1 | 0 | 18.1 |
| Profitability | ||||||||||||
| EBITDA | 377.2 | 423.0 | 430.1 | 354.1 | 296.9 | 253.4 | 267.7 | 209.1 | 149.3 | 114.3 | 72.9 | 54.7 |
| EBIT | 213.1 | 266.8 | 271.5 | 199.3 | 164.8 | 120.7 | 158.9 | 125.1 | 87.1 | 67.9 | 43.5 | 35.2 |
| Income Before Tax | 107.0 | 164.0 | 165.8 | 125.1 | 116.8 | 57.2 | 87.5 | 75.1 | 59.6 | 40.3 | 20.9 | 17.2 |
| Income Tax Expense | 1.2 | 1.2 | 0.8 | 1.3 | 1.6 | 0.9 | 2.4 | 0 | 0 | 0 | 0 | 0 |
| Net Income | 102.9 | 156.2 | 157.2 | 116.4 | 102.5 | 51.2 | 79.4 | 69.4 | 54.8 | 36.4 | 19.3 | 15.8 |
| Per Share Data | ||||||||||||
| EPS (Basic) | 0.51 | 0.86 | 0.87 | 0.72 | 0.67 | 0.44 | 0.56 | 0.45 | 0.41 | 0.26 | 0.54 | 0.65 |
| EPS (Diluted) | 0.50 | 0.86 | 0.83 | 0.72 | 0.67 | 0.44 | 0.52 | 0.45 | 0.37 | 0.26 | 0.49 | 0.59 |
| Shares Outstanding | 188.1 | 187.5 | 186.6 | 169.8 | 153.1 | 117.2 | 153.1 | 153.1 | 133.9 | 140.9 | 35.8 | 24.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 30.5 | 14.8 | 19.5 | 21.8 | 21.7 | 100.5 | 12.5 | 18.6 | 9.4 | 21.6 |
| Short-Term Investments | 4,821.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 4.4 | 166.0 | 154.2 | 137.0 | 118.2 | 103.7 | 85.5 | 70.3 | 59.4 | 43.5 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (17.6) | (11.0) | (9.6) |
| Other Current Assets | 0 | 0 | 0 | 0 | (17.3) | (22.3) | (12.6) | 0 | 0 | 1.7 |
| Total Current Assets | 4,856.4 | 180.8 | 173.7 | 158.8 | 139.9 | 204.2 | 97.9 | 92.1 | 69.8 | 66.8 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 0 | 0 | 0 | 8.5 | 9.6 | 10.7 | 12.8 | 13.7 | 13.6 | 11.3 |
| Goodwill | 339.8 | 339.8 | 339.8 | 339.8 | 339.8 | 339.8 | 0 | 0 | 0 | 0 |
| Intangible Assets | 268.0 | 267.6 | 288.2 | 329.6 | 303.6 | 290.9 | 331.9 | 286.3 | 242.7 | 168.1 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (3,096.8) | 10 | 10 |
| Other Non-Current Assets | 0 | 4,428.2 | 4,467.0 | 4,620.9 | 3,825.7 | 3,412.9 | 3,475.2 | 2,704.8 | 0.9 | 0.8 |
| Total Non-Current Assets | 607.8 | 5,035.6 | 5,095.0 | 5,298.8 | 4,478.8 | 4,054.3 | 3,819.9 | 3,004.7 | 2,508.9 | 1,885.2 |
| Total Assets | 5,717.3 | 5,216.4 | 5,268.7 | 5,457.6 | 4,618.6 | 4,258.5 | 3,917.9 | 3,096.8 | 2,578.8 | 1,952.1 |
| Current Liabilities | ||||||||||
| Account Payables | 60.1 | 49.0 | 47.5 | 47.5 | 38.0 | 35.7 | 37.4 | 13.2 | 20.3 | 17.4 |
| Short-Term Debt | 16.8 | 0 | 0 | 0 | 0 | 0 | 197.3 | 3.4 | 3.1 | 219.8 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | (133.1) | 0 | 0 | 0 | 0 | 0 | 0 | 146.7 | 2.6 | (107.9) |
| Total Current Liabilities | 16.8 | 113.1 | 110.1 | 109.1 | 90.4 | 79.0 | 238.3 | 173.3 | 297.4 | 121.4 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 2,549.2 | 1,913.1 | 1,910.8 | 2,023.2 | 1,689.3 | 1,541.2 | 1,783.9 | 1,442.4 | 1,174.6 | 646.8 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 85.9 | 81.7 | 47.9 |
| Other Non-Current Liabilities | 43.0 | 48.7 | 53.5 | 62.9 | 97.8 | 79.6 | 24.5 | (47.8) | 89.9 | 80.1 |
| Total Non-Current Liabilities | 2,667.0 | 1,961.9 | 1,964.3 | 2,086.0 | 1,787.1 | 1,700.4 | 1,900.6 | 1,394.6 | 997.2 | 832.2 |
| Total Liabilities | 2,683.8 | 2,075.0 | 2,074.4 | 2,195.1 | 1,877.5 | 1,779.4 | 2,138.8 | 1,567.9 | 1,294.6 | 953.5 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (620.2) | (496.5) | (440.7) | (386.0) | (318.5) | (259.7) | (208.3) | (155.2) | (120.3) | (90.0) |
| Accumulated Other Comprehensive Income | 19.8 | 49.7 | 49.3 | 59.5 | (28.4) | (66.3) | (20.1) | 14.8 | 5.1 | 2.1 |
| Total Stockholders' Equity | 2,902.0 | 3,003.7 | 3,049.2 | 3,092.9 | 2,577.3 | 2,299.1 | 1,667.6 | 1,417.1 | 1,186.8 | 911.8 |
| Total Liabilities & Equity | 5,717.3 | 5,216.4 | 5,268.7 | 5,457.6 | 4,618.6 | 4,258.5 | 3,917.9 | 3,096.8 | 2,578.8 | 1,952.1 |
| Debt Metrics | ||||||||||
| Total Debt | 2,615.4 | 1,913.1 | 1,910.8 | 2,023.2 | 1,689.3 | 1,620.8 | 2,073.4 | 1,445.8 | 1,177.7 | 866.6 |
| Net Debt | 2,584.8 | 1,898.3 | 1,891.3 | 2,001.4 | 1,667.6 | 1,520.3 | 2,060.9 | 1,427.2 | 1,168.4 | 844.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 99.4 | 169.0 | 163.3 | 129.5 | 109.5 | 56.3 | 85.1 | 75.1 | 59.6 | 40.3 |
| Depreciation & Amortization | 159.6 | 151.8 | 158.6 | 150.0 | 128.9 | 131.6 | 105.4 | 83.7 | 62.8 | 45.8 |
| Stock-Based Compensation | 9.6 | 7.4 | 6.4 | 5.3 | 4.7 | 2.0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 13.5 | (2.0) | (9.2) | 0.3 | 6.5 | 2.5 | 2.1 | 3.9 | 2.7 | 1.7 |
| Other Non-Cash Items | 17.4 | (49.8) | (48.1) | (29.2) | (4.6) | (17.3) | (45.2) | (34.7) | (27.0) | (20.6) |
| Operating Cash Flow | 299.5 | 276.3 | 271.1 | 255.9 | 244.9 | 179.0 | 147.4 | 128.0 | 97.9 | 67.2 |
| Investing Activities | ||||||||||
| Capital Expenditure | (29.7) | (16.8) | (46.3) | (31.4) | (1.6) | (10.8) | (5.1) | (5.0) | (6.6) | (1.9) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | (30.9) | 828.3 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | (96.1) | (997.0) | (576.2) | (668.4) | (504.8) |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 77.5 | 168.8 | 18.5 | 64.0 | 34.9 |
| Other Investing Activities | (675.3) | (59.7) | 70.6 | (828.3) | (580.7) | 0 | (826.7) | (524.0) | (604.5) | (468.6) |
| Investing Cash Flow | (675.3) | (59.7) | 24.3 | (859.6) | (582.3) | (60.2) | (831.7) | (510.5) | (611.1) | (470.6) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 580.0 | 6.2 | (116.0) | 340.0 | 150.9 | (532.0) | 489.3 | 248.4 | 299.9 | 204.6 |
| Stock Repurchased | 0 | 0 | (0.2) | 0 | 0 | (0.1) | (54.6) | (10.2) | (9.4) | (8.2) |
| Dividends Paid | (218.8) | (216.8) | (207.5) | (181.2) | (154.5) | (71.5) | (62.0) | (51.8) | (44.5) | (35.7) |
| Other Financing Activities | (5.7) | (9.7) | (11.1) | (18.3) | (22.4) | (13.2) | 313.0 | 205.0 | 254.9 | 238.6 |
| Financing Cash Flow | 393.4 | (221.2) | (334.8) | 636 | 254.4 | (28.4) | 685.7 | 391.3 | 500.9 | 399.4 |
| Cash Position | ||||||||||
| Net Change in Cash | 17.6 | (4.6) | (39.4) | 32.3 | (83.0) | 90.4 | 1.3 | 8.9 | (12.3) | (4.0) |
| Cash at Beginning | 16.0 | 20.6 | 60.0 | 27.8 | 110.7 | 20.3 | 19.0 | 10.1 | 21.6 | 27.1 |
| Cash at End | 33.6 | 16.0 | 20.6 | 60.0 | 27.8 | 110.7 | 20.3 | 19.0 | 9.4 | 23.1 |
| Free Cash Flow | 269.8 | 259.5 | 224.8 | 224.5 | 243.3 | 168.2 | 142.3 | 123.1 | 91.3 | 65.3 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 459.1 | 438.8 | 448.1 | 408.9 | 383.2 | 323.7 | 298.8 | 237.5 | 181.6 | 142.9 | 98.1 | 68.2 |
| Gross Profit | 108.0 | 101.7 | 108.3 | 77.6 | 100.6 | 39.6 | 56.9 | 51.8 | 45.5 | 42.4 | 33.2 | 25.4 |
| Operating Income | 228.2 | 212.9 | 222.3 | 193.6 | 196.0 | 139.8 | 138.4 | 110.6 | 87.5 | 63.6 | 52.3 | 38.3 |
| Net Income | 102.9 | 156.2 | 157.2 | 116.4 | 102.5 | 51.2 | 79.4 | 69.4 | 54.8 | 36.4 | 19.3 | 15.8 |
| EPS (Diluted) | 0.50 | 0.86 | 0.83 | 0.72 | 0.67 | 0.44 | 0.52 | 0.45 | 0.37 | 0.26 | 0.49 | 0.59 |
| Balance Sheet | ||||||||||||
| Cash & Equivalents | 30.5 | 14.8 | 19.5 | 21.8 | 21.7 | 100.5 | 12.5 | 18.6 | 9.4 | 21.6 | ||
| Total Assets | 5,717.3 | 5,216.4 | 5,268.7 | 5,457.6 | 4,618.6 | 4,258.5 | 3,917.9 | 3,096.8 | 2,578.8 | 1,952.1 | ||
| Total Debt | 2,615.4 | 1,913.1 | 1,910.8 | 2,023.2 | 1,689.3 | 1,620.8 | 2,073.4 | 1,445.8 | 1,177.7 | 866.6 | ||
| Stockholders' Equity | 2,902.0 | 3,003.7 | 3,049.2 | 3,092.9 | 2,577.3 | 2,299.1 | 1,667.6 | 1,417.1 | 1,186.8 | 911.8 | ||
| Cash Flow | ||||||||||||
| Operating Cash Flow | 299.5 | 276.3 | 271.1 | 255.9 | 244.9 | 179.0 | 147.4 | 128.0 | 97.9 | 67.2 | ||
| Capital Expenditure | (29.7) | (16.8) | (46.3) | (31.4) | (1.6) | (10.8) | (5.1) | (5.0) | (6.6) | (1.9) | ||
| Free Cash Flow | 269.8 | 259.5 | 224.8 | 224.5 | 243.3 | 168.2 | 142.3 | 123.1 | 91.3 | 65.3 | ||