Symbols

BNL

Broadstone Net·NYSE

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BNL fundamentals

BNL Q4 2025 Earnings

Broadstone Net (BNL) released its earnings on Feb 18, 2026: revenue was 118.30M (YoY +5.50%), beat estimates; EPS was 0.17 (YoY +21.43%), missed estimates.

Revenue / YoY

118.30M

+5.50%

EPS / YoY

0.17

+21.43%

Report date

Feb 18, 2026

BNL Earnings Call Summary for Q4,2025

Strategic Growth: 2025 AFFO up 4.2% to $1.49, driven by $748 million investments in high-yield build-to-suit projects (7%+ initial yields). 2026 guidance of $1.53-$1.57 reflects $350+ million pipeline execution.
Tenant Resilience: 99% occupancy with minimal bad debt (31 basis points in 2025), successfully navigating American Signature and Red Lobster challenges.
Balance Sheet Strength: 5.8x leverage, $700+ million liquidity, and 1% dividend increase to $0.2925 per share.
Project Triboro Potential: 1 GW power site targeting Q3 2027 hyperscale data center delivery, with unsolicited offers valuing assets above invested capital.
Capital Discipline: Cautious on equity raises; $43 million ATM proceeds at mid-18s price, focusing on accretive build-to-suit and acquisition opportunities.

Earnings

EPS

Revenue

Revenue & Expenses

Key Indicators

Broadstone Net (BNL) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

Broadstone Net (BNL)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

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Balance Sheet

Broadstone Net (BNL)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

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Cash Flow

Broadstone Net (BNL)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

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