Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025 5.2% Revenue growth, 20253 Where the money goes Where each dollar of revenue went, fiscal 2025 Other costs Profit
Other costs 78¢ $356.5M Income tax 0¢ $1.2M Profit 21¢ $96.5M Out of $454.1M in revenue.3
Where each dollar of operating cash went, fiscal 2025 Dividends paid Kept or used elsewhere
Capital spending 10¢ $29.7M Dividends paid 73¢ $218.8M Kept or used elsewhere 17¢ $51.0M Out of $299.5M of cash from operations.3
Financial statements
Income statement Balance sheet Cash flow
Annual Quarterly
Revenue4 5 6 7 3 $454.1M in 2025+52% since 2019 0 $200.0M $400.0M $600.0M 2019: $298.8M $298.8M 2019 2020: $321.6M $321.6M 2020 +8% 2021: $382.9M $382.9M 2021 +19% 2022: $407.5M $407.5M 2022 +6% 2023: $442.9M $442.9M 2023 +9% 2024: $431.8M $431.8M 2024 −3% 2025: $454.1M $454.1M 2025 +5% Net income4 5 6 7 3 $96.5M in 2025+22% since 2019 0 $50.0M $100.0M $150.0M $200.0M 2019: $79.4M $79.4M 2019 2020: $51.2M $51.2M 2020 −36% 2021: $102.4M $102.4M 2021 +100% 2022: $122.1M $122.1M 2022 +19% 2023: $155.5M $155.5M 2023 +27% 2024: $162.4M $162.4M 2024 +4% 2025: $96.5M $96.5M 2025 −41%
Revenue8 9 $122.3M in Q2 FY2026+1% since Q1 FY2026 0 $50.0M $100.0M $150.0M Q1 FY2026: $121.4M $121.4M Q1 FY2026 Q2 FY2026: $122.3M $122.3M Q2 FY2026 +1% Net income8 9 $39.8M in Q2 FY2026−14% since Q1 FY2026 0 $20.0M $40.0M $60.0M Q1 FY2026: $46.4M $46.4M Q1 FY2026 Q2 FY2026: $46.4M $46.4M Q2 FY2026 +0% Q2 FY2026: $39.8M $39.8M Q2 FY2026 −14%
Fiscal year 2019 2020 2021 2022 2023 2024 2025 Revenue $298.8M4 $321.6M5 $382.9M6 $407.5M7 $442.9M3 $431.8M3 $454.1M3 Operating income Interest $72.5M4 $76.1M5 $64.1M6 $78.7M7 $80.1M7 $74.1M7 Income tax $763.0K3 $1.2M3 $1.2M3 Net income $79.4M4 $51.2M5 $102.4M6 $122.1M7 $155.5M3 $162.4M3 $96.5M3 Earnings per share $0.834 $0.445 $0.676 $0.727 $0.833 $0.863 $0.513 Earnings per share (diluted) $0.834 $0.445 $0.676 $0.727 $0.833 $0.863 $0.503
Total assets10 4 5 6 7 3 $5.7B in 2025+46% since 2019 0 $2.0B $4.0B $6.0B 2019: $3.9B $3.9B 2019 2020: $4.3B $4.3B 2020 +9% 2021: $4.6B $4.6B 2021 +8% 2022: $5.5B $5.5B 2022 +18% 2023: $5.3B $5.3B 2023 −3% 2024: $5.2B $5.2B 2024 −1% 2025: $5.7B $5.7B 2025 +10% Total liabilities10 4 5 6 7 3 $2.7B in 2025+25% since 2019 0 $1.0B $2.0B $3.0B 2019: $2.1B $2.1B 2019 2020: $1.8B $1.8B 2020 −17% 2021: $1.9B $1.9B 2021 +6% 2022: $2.2B $2.2B 2022 +17% 2023: $2.1B $2.1B 2023 −5% 2024: $2.1B $2.1B 2024 +0% 2025: $2.7B $2.7B 2025 +29% Shareholders’ equity10 4 5 6 7 3 $2.9B in 2025+74% since 2019 0 $1.0B $2.0B $3.0B $4.0B 2019: $1.7B $1.7B 2019 2020: $2.3B $2.3B 2020 +38% 2021: $2.6B $2.6B 2021 +12% 2022: $3.1B $3.1B 2022 +20% 2023: $3.0B $3.0B 2023 −1% 2024: $3.0B $3.0B 2024 −1% 2025: $2.9B $2.9B 2025 −3% Cash5 6 7 3 $30.5M in 2025+145% since 2019 0 $50.0M $100.0M $150.0M 2019: $12.5M $12.5M 2019 2020: $100.5M $100.5M 2020 +707% 2021: $21.7M $21.7M 2021 −78% 2022: $21.8M $21.8M 2022 +1% 2023: $19.5M $19.5M 2023 −11% 2024: $14.8M $14.8M 2024 −24% 2025: $30.5M $30.5M 2025 +106% Long-term debt11 10 4 5 6 7 3 $2.5B in 2025+27% since 2019 0 $1.0B $2.0B $3.0B 2019: $2.0B $2.0B 2019 2020: $1.5B $1.5B 2020 −22% 2021: $1.7B $1.7B 2021 +10% 2022: $2.0B $2.0B 2022 +20% 2023: $1.9B $1.9B 2023 −6% 2024: $1.9B $1.9B 2024 +0% 2025: $2.5B $2.5B 2025 +31%
Total assets8 9 $5.9B in Q2 FY2026+3% since Q1 FY2025 0 $2.0B $4.0B $6.0B Q1 FY2025: $5.7B $5.7B Q1 FY2025 Q2 FY2025: $5.7B $5.7B Q2 FY2025 +0% Q1 FY2026: $5.8B $5.8B Q1 FY2026 +2% Q2 FY2026: $5.9B $5.9B Q2 FY2026 +0% Total liabilities8 9 $2.9B in Q2 FY2026+6% since Q1 FY2025 0 $1.0B $2.0B $3.0B Q1 FY2025: $2.7B $2.7B Q1 FY2025 Q2 FY2025: $2.7B $2.7B Q2 FY2025 +0% Q1 FY2026: $2.8B $2.8B Q1 FY2026 +5% Q2 FY2026: $2.9B $2.9B Q2 FY2026 +1% Shareholders’ equity8 9 $2.9B in Q2 FY2026−1% since Q1 FY2025 0 $1.0B $2.0B $3.0B $4.0B Q1 FY2025: $2.9B $2.9B Q1 FY2025 Q2 FY2025: $2.9B $2.9B Q2 FY2025 +0% Q1 FY2026: $2.9B $2.9B Q1 FY2026 −0% Q2 FY2026: $3.0B $3.0B Q2 FY2026 +4% Q2 FY2026: $2.9B $2.9B Q2 FY2026 −5% Cash8 9 $11.1M in Q2 FY2026−64% since Q1 FY2025 0 $10.0M $20.0M $30.0M $40.0M Q1 FY2025: $30.5M $30.5M Q1 FY2025 Q2 FY2025: $30.5M $30.5M Q2 FY2025 +0% Q1 FY2026: $20.3M $20.3M Q1 FY2026 −33% Q2 FY2026: $11.1M $11.1M Q2 FY2026 −45% Long-term debt8 9 $2.7B in Q2 FY2026+1% since Q1 FY2026 0 $1.0B $2.0B $3.0B Q1 FY2026: $2.7B $2.7B Q1 FY2026 Q2 FY2026: $2.7B $2.7B Q2 FY2026 +1%
Fiscal year 2019 2020 2021 2022 2023 2024 2025 Cash $12.5M5 $100.5M6 $21.7M7 $21.8M3 $19.5M3 $14.8M3 $30.5M3 Total assets $3.9B10 $4.3B4 $4.6B5 $5.5B6 $5.3B7 $5.2B3 $5.7B3 Long-term debt $2.0B11 $1.5B10 $1.7B4 $2.0B5 $1.9B6 $1.9B7 $2.5B3 Total liabilities $2.1B10 $1.8B4 $1.9B5 $2.2B6 $2.1B7 $2.1B3 $2.7B3 Shareholders’ equity $1.7B10 $2.3B4 $2.6B5 $3.1B6 $3.0B7 $3.0B3 $2.9B3 Shares outstanding 104.0M shares10 108.6M shares4 162.4M shares5 186.1M shares6 187.6M shares7 188.6M shares3 191.4M shares3
Cash from operations4 5 6 7 3 $299.5M in 2025+103% since 2019 0 $100.0M $200.0M $300.0M 2019: $147.4M $147.4M 2019 2020: $179.0M $179.0M 2020 +21% 2021: $244.9M $244.9M 2021 +37% 2022: $255.9M $255.9M 2022 +4% 2023: $271.1M $271.1M 2023 +6% 2024: $276.3M $276.3M 2024 +2% 2025: $299.5M $299.5M 2025 +8% Capital spending4 5 6 7 3 $29.7M in 2025+488% since 2019 0 $20.0M $40.0M $60.0M 2019: $5.1M $5.1M 2019 2020: $10.8M $10.8M 2020 +114% 2021: $1.6M $1.6M 2021 −85% 2022: $31.4M $31.4M 2022 +1863% 2023: $46.3M $46.3M 2023 +47% 2024: $16.8M $16.8M 2024 −64% 2025: $29.7M $29.7M 2025 +77% Free cash flow4 5 6 7 3 $269.8M in 2025+90% since 2019 0 $100.0M $200.0M $300.0M 2019: $142.3M $142.3M 2019 2020: $168.2M $168.2M 2020 +18% 2021: $243.3M $243.3M 2021 +45% 2022: $224.5M $224.5M 2022 −8% 2023: $224.8M $224.8M 2023 +0% 2024: $259.5M $259.5M 2024 +15% 2025: $269.8M $269.8M 2025 +4% Dividends paid4 5 6 7 3 $218.8M in 2025+253% since 2019 0 $100.0M $200.0M $300.0M 2019: $62.0M $62.0M 2019 2020: $71.5M $71.5M 2020 +15% 2021: $154.5M $154.5M 2021 +116% 2022: $181.2M $181.2M 2022 +17% 2023: $207.5M $207.5M 2023 +15% 2024: $216.8M $216.8M 2024 +4% 2025: $218.8M $218.8M 2025 +1%
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Fiscal year 2019 2020 2021 2022 2023 2024 2025 Cash from operations $147.4M4 $179.0M5 $244.9M6 $255.9M7 $271.1M3 $276.3M3 $299.5M3 Capital spending $5.1M4 $10.8M5 $1.6M6 $31.4M7 $46.3M3 $16.8M3 $29.7M3 Free cash flow $142.3M $168.2M $243.3M $224.5M $224.8M $259.5M $269.8M Dividends paid $62.0M4 $71.5M5 $154.5M6 $181.2M7 $207.5M3 $216.8M3 $218.8M3 Share buybacks $34.6M4 Dividend per share $1.123 $1.163 $1.163
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Former names
Broadstone Net Lease Inc Jan 15, 2008 to Aug 10, 20172
Recent filings
Oct 5, 2026 8-K Oct 2, 2026 4 Oct 2, 2026 4 Oct 2, 2026 4 Oct 2, 2026 4 Oct 2, 2026 4 Oct 2, 2026 4 Oct 2, 2026 4 Oct 2, 2026 4 Aug 25, 2026 8-K Aug 24, 2026 4 Aug 10, 2026 424B5 Aug 10, 2026 8-K Aug 7, 2026 SCHEDULE 13G Aug 6, 2026 424B5
Every filing from the last three years, summarized . The full record is on SEC EDGAR.1