Broadstone Net Lease, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $454.1M | $431.8M | $442.9M | $407.5M | $382.9M | $321.6M | $298.8M | $237.5M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $38.9M | $38.0M | $39.4M | $37.4M | $36.4M | $28.0M | $5.5M | $6.2M |
| Operating Income | $188.5M | $163.9M | $191.0M | $188.0M | $167.7M | $120.7M | $135.0M | $109.4M |
| Operating Margin | 41.5% | 38.0% | 43.1% | 46.1% | 43.8% | 37.5% | 45.2% | 46.1% |
| Interest Expense | — | $74.1M | $80.1M | $78.7M | $64.1M | $76.1M | $72.5M | $52.9M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $1.2M | $1.2M | $763.0K | — | — | — | — | — |
| Net Income | $96.5M | $162.4M | $155.5M | $122.1M | $102.4M | $51.2M | $79.4M | $69.4M |
| Net Margin | 21.2% | 37.6% | 35.1% | 30.0% | 26.8% | 15.9% | 26.6% | 29.2% |
| EPS (Basic) | $0.51 | $0.86 | $0.83 | $0.72 | $0.67 | $0.44 | $0.83 | $0.86 |
| EPS (Diluted) | $0.50 | $0.86 | $0.83 | $0.72 | $0.67 | $0.44 | $0.83 | $0.86 |
| Shares Outstanding (Basic) | 188.1M | 187.5M | 186.6M | 169.8M | 153.1M | 117.2M | 95.9M | 81.0M |
| Shares Outstanding (Diluted) | 197.6M | 196.6M | 196.3M | 180.2M | 164.0M | 128.8M | 102.9M | 87.6M |
| Dividends Per Share | $1.16 | $1.16 | $1.12 | — | — | — | $0.44 | $0.43 |