Broadstone Net Lease Inc
Broadstone Net Lease, Inc. is an industrial-focused, diversified net lease real estate investment trust that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. We primarily, and selectively, invest in real estate across industrial and retail property types. We target properties with credit-worthy tenants… Read more
Broadstone Net Lease Inc (BNL) - Net Assets
Latest net assets as of December 2025: $3.03 Billion USD
Based on the latest financial reports, Broadstone Net Lease Inc (BNL) has net assets worth $3.03 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.72 Billion) and total liabilities ($2.68 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.03 Billion |
| % of Total Assets | 53.06% |
| Annual Growth Rate | 15.03% |
| 5-Year Change | 10.66% |
| 10-Year Change | 203.79% |
| Growth Volatility | 14.41 |
Broadstone Net Lease Inc - Net Assets Trend (2015–2025)
This chart illustrates how Broadstone Net Lease Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Broadstone Net Lease Inc (2015–2025)
The table below shows the annual net assets of Broadstone Net Lease Inc from 2015 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.03 Billion | -3.44% |
| 2024-12-31 | $3.14 Billion | -1.66% |
| 2023-12-31 | $3.19 Billion | -2.09% |
| 2022-12-31 | $3.26 Billion | +19.02% |
| 2021-12-31 | $2.74 Billion | +10.57% |
| 2020-12-31 | $2.48 Billion | +39.35% |
| 2019-12-31 | $1.78 Billion | +16.36% |
| 2018-12-31 | $1.53 Billion | +19.06% |
| 2017-12-31 | $1.28 Billion | +28.61% |
| 2016-12-31 | $998.54 Million | +33.50% |
| 2015-12-31 | $747.95 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Broadstone Net Lease Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 56331000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $48.00K | 0.00% |
| Other Comprehensive Income | $19.79 Million | 0.68% |
| Other Components | $3.50 Billion | 120.69% |
| Total Equity | $2.90 Billion | 100.00% |
Broadstone Net Lease Inc Competitors by Market Cap
The table below lists competitors of Broadstone Net Lease Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Galenica AG
PINK:GALNF
|
$3.75 Billion |
|
iRhythm Technologies Inc
NASDAQ:IRTC
|
$3.75 Billion |
|
Anji Microelectronics Tech Co Ltd
SHG:688019
|
$3.75 Billion |
|
Westlake Chemical Corporation
NYSE:WLK
|
$3.76 Billion |
|
Kontoor Brands Inc
NYSE:KTB
|
$3.74 Billion |
|
AGL Energy Ltd
PINK:AGLXY
|
$3.74 Billion |
|
Teleperformance SE
PINK:TLPFF
|
$3.73 Billion |
|
Hunan Yuneng New Energy Battery Material Co. Ltd. A
SHE:301358
|
$3.73 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Broadstone Net Lease Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,003,745,000 to 2,901,995,000, a change of -101,750,000 (-3.4%).
- Net income of 102,912,000 contributed positively to equity growth.
- Dividend payments of 218,775,000 reduced retained earnings.
- Share repurchases of 37,930,000 reduced equity.
- New share issuances of 37,930,000 increased equity.
- Other comprehensive income decreased equity by 29,869,000.
- Other factors increased equity by 43,982,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $102.91 Million | +3.55% |
| Dividends Paid | $218.78 Million | -7.54% |
| Share Repurchases | $37.93 Million | -1.31% |
| Share Issuances | $37.93 Million | +1.31% |
| Other Comprehensive Income | $-29.87 Million | -1.03% |
| Other Changes | $43.98 Million | +1.52% |
| Total Change | $- | -3.39% |
Book Value vs Market Value Analysis
This analysis compares Broadstone Net Lease Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.34x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.17x to 1.34x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $16.90 | $19.74 | x |
| 2016-12-31 | $5.95 | $19.74 | x |
| 2017-12-31 | $8.12 | $19.74 | x |
| 2018-12-31 | $9.26 | $19.74 | x |
| 2019-12-31 | $10.89 | $19.74 | x |
| 2020-12-31 | $17.85 | $19.74 | x |
| 2021-12-31 | $15.72 | $19.74 | x |
| 2022-12-31 | $17.16 | $19.74 | x |
| 2023-12-31 | $15.53 | $19.74 | x |
| 2024-12-31 | $15.28 | $19.74 | x |
| 2025-12-31 | $14.69 | $19.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Broadstone Net Lease Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.41%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.97x
- Recent ROE (3.55%) is below the historical average (4.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 2.88% | 19.66% | 0.07x | 2.18x | $-47.73 Million |
| 2016 | 3.99% | 25.45% | 0.07x | 2.14x | $-54.82 Million |
| 2017 | 4.62% | 30.18% | 0.07x | 2.17x | $-63.88 Million |
| 2018 | 4.90% | 29.21% | 0.08x | 2.19x | $-72.33 Million |
| 2019 | 4.76% | 26.57% | 0.08x | 2.35x | $-87.37 Million |
| 2020 | 2.23% | 15.91% | 0.08x | 1.85x | $-178.73 Million |
| 2021 | 3.97% | 26.75% | 0.08x | 1.79x | $-155.30 Million |
| 2022 | 3.76% | 28.47% | 0.07x | 1.76x | $-192.87 Million |
| 2023 | 5.15% | 35.07% | 0.09x | 1.73x | $-147.77 Million |
| 2024 | 5.20% | 35.61% | 0.08x | 1.74x | $-144.13 Million |
| 2025 | 3.55% | 22.41% | 0.08x | 1.97x | $-187.29 Million |
Industry Comparison
This section compares Broadstone Net Lease Inc's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $1,447,819,620
- Average return on equity (ROE) among peers: 3.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Broadstone Net Lease Inc (BNL) | $3.03 Billion | 2.88% | 0.88x | $3.74 Billion |
| American Assets Trust Inc (AAT) | $189.17 Million | -3.71% | 4.13x | $997.50 Million |
| Armada Hflr Pr (AHH) | $-37.40 Million | 0.00% | 0.00x | $449.55 Million |
| Armada Hoffler Properties, Inc. (AHRT-PA) | $805.18 Million | 1.03% | 2.18x | $1.76 Billion |
| Precinct Properties New Zealand Limited (AOTUF) | $390.30 Million | 1.91% | 0.25x | $1.05 Billion |
| Artis REIT (ARESF) | $4.10 Million | 0.00% | 1.29x | $228.58 Million |
| Ascott Residence Trust (ATTRF) | $3.13 Billion | 4.71% | 0.70x | $1.70 Billion |
| British Land Company Plc (BRLAF) | $4.11 Billion | 3.88% | 1.12x | $5.24 Billion |
| Icade SA (CDMGF) | $1.16 Billion | 6.10% | 1.97x | $700.47 Million |
| Charter Hall Long WALE REIT (CHLWF) | $3.28 Billion | 18.86% | 0.43x | $1.19 Billion |