BNLBroadstone Net Lease, Inc.
Real Estate Investment Trusts
- Revenue
- $454M
- 5.2% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $2.9B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear310% of net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear85% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear6% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $383M | $408M | $443M | $432M | $454M | 5.2% |
| Net income | $102M | $122M | $155M | $162M | $96M | 41% |
| Operating cash flow | $245M | $256M | $271M | $276M | $299M | 8.4% |
| Capex | $2M | $31M | $46M | $17M | $30M | 77% |
| Stock-based comp | $5M | $5M | $6M | $7M | $10M | 30% |
| Dividends | $154M | $181M | $208M | $217M | $219M | 0.9% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.