Broadstone Net Lease profit margin BNL
Gross, operating and net profit as a share of revenue over the last twelve months, from 2016.
- Net margin, 12 months
- 30.6%
- Net margin on a year earlier
- +8.2 pts
- Peer median
- 13.5%
Over the twelve months to Jun 30, 2026, Broadstone Net Lease kept 30.6% of its revenue as net profit.
Five years earlier its net margin was 20.7%.
The median for 10 specialty REITs of a similar size is 13.5%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Gross margin |
|---|---|---|
| FY2025 | 21.2% | n/a |
| FY2024 | 37.6% | n/a |
| FY2023 | 35.1% | n/a |
| FY2022 | 30.0% | n/a |
| FY2021 | 26.8% | 100.0% |
| FY2020 | 15.9% | 98.8% |
| FY2019 | 26.6% | 89.9% |
| FY2018 | 29.2% | 89.6% |
| FY2017 | 30.2% | 89.1% |
| FY2016 | 25.4% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 30.6% | +8.2 pts | |
| Q1 FY26 | 27.0% | +0.8 pts | |
| Q4 FY25 | 21.2% | −16.4 pts | |
| Q3 FY25 | 20.0% | −13.5 pts | |
| Q2 FY25 | 22.4% | −14.4 pts | |
| Q1 FY25 | 26.2% | −16.0 pts | |
| Q4 FY24 | 37.6% | +2.5 pts | |
| Q3 FY24 | 33.6% | −7.3 pts | |
| Q2 FY24 | 36.8% | +0.5 pts | |
| Q1 FY24 | 42.2% | +11.1 pts | |
| Q4 FY23 | 35.1% | +5.1 pts | |
| Q3 FY23 | 40.8% | +10.5 pts |
Against its peers
Companies in REIT - Specialty nearest Broadstone Net Lease's size, closest first, today.
| Company | Profit margin |
|---|---|
| BNLBroadstone Net Lease | 30.6% |
| HIWHighwoods Properties | 20.8% |
| NHINational Health Investors | 38.6% |
| IRTIndependence Realty Trust | 6.5% |
| LXPLXP Industrial Trust | 18.7% |
| CXWCoreCivic | 5.1% |
| CDPCopt Defense Properties | 20.9% |
| DRHDiamondRock Hospitality | 13.5% |
| DXDynex Capital | n/m |
| HHHHoward Hughes | 12.3% |
| APLEApple Hospitality REIT | 12.2% |
| Peer median | 13.5% |
Where Broadstone Net Lease ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Broadstone Net Lease
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.