BNL Broadstone Net Lease, Inc.

Q3 2025 10-Q
Filed: Oct 29, 2025Period ending Sep 30, 2025
Financials
Real Estate Investment TrustsSEC EDGAR

Broadstone Net Lease, Inc. (BNL) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 29, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

  • Lease revenues net $114.2M this quarter, up 1.0% vs $113.0M prior quarter; acquisitions and revenue capital expenditures drove growth despite dispositions
  • Operating margin approx. 44.5% (lease revenues $114.2M vs operating expenses $63.4M) vs ~39.5% prior quarter (lease revenues $113.0M vs expenses $69.1M)
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Risk Factors

  • No new or changed risk factors reported since 10-K filed February 20, 2025
  • Previous risks include tenant credit risk in net lease portfolio impacting rental income stability
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Quarterly Financial Summary
XBRL

Revenue

$114M

+5.3% YoY +1.0% QoQ

Net Income

$26M

-25.7% YoY +31.3% QoQ

Net Margin

23.2%

-967bp YoY +534bp QoQ

ROE

0.9%

Total Assets

$5.5B

EPS (Diluted)

$0.14

-26.3% YoY +40.0% QoQ

Operating Cash Flow

$64M

-4.6% YoY -19.0% QoQ

Source: XBRL data from Broadstone Net Lease, Inc. Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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