Broadstone Net Lease, Inc. filed its Form 10-Q with the SEC on October 28, 2026, reporting unaudited financial results for the quarterly period ended September 30, 2026.

Key Highlights

  • Nine-month net income: Net income attributable to Broadstone Net Lease, Inc. was $113,281 thousand for the nine months ended September 30, 2026, compared to $63,369 thousand for the same period in 2025, according to the filing.
  • Q3 lease revenues: Lease revenues, net, were $121,867 thousand for the three months ended September 30, 2026, up from $114,167 thousand in the prior-year quarter.
  • Total assets: Total assets stood at $6,072,313 thousand as of September 30, 2026, versus $5,717,267 thousand at December 31, 2025.
  • Investment in rental property: Net investment in rental property grew to $5,176,150 thousand at September 30, 2026, from $4,821,506 thousand at December 31, 2025, with property under development increasing to $484,117 thousand.
  • Earnings per share: Basic and diluted net earnings per share attributable to common stockholders were $0.59 and $0.58, respectively, for the nine months ended September 30, 2026.
  • Shares outstanding: As of October 23, 2026, there were 191,984,139 shares of common stock outstanding.
  • Gain on sale of real estate: The company reported a gain on sale of real estate of $23,707 thousand for the nine months ended September 30, 2026, compared to $4,230 thousand in the same period of 2025.

Broadstone Net Lease Reports Higher Revenues and Expanded Property Portfolio in Third Quarter 2026

According to the 10-Q filing for NYSE:BNL, Broadstone Net Lease, Inc. reported lease revenues, net, of $365,577 thousand for the nine months ended September 30, 2026, compared to $335,843 thousand for the same period in 2025. For the three months ended September 30, 2026, lease revenues, net, totaled $121,867 thousand, up from $114,167 thousand a year earlier. The company attributed net income of $28,139 thousand to all interests for Q3 2026, with $27,117 thousand attributable to Broadstone Net Lease, Inc. specifically.

The filing disclosed that total operating expenses for the nine months ended September 30, 2026 were $198,794 thousand, compared to $203,289 thousand in the prior-year period. The decrease was partly driven by a decline in the provision for impairment of investment in rental properties, which fell to $5,019 thousand for the nine-month period from $35,067 thousand in the comparable 2025 period. Depreciation and amortization for the nine months rose to $141,413 thousand from $122,318 thousand. General and administrative expenses were $33,023 thousand for the nine months ended September 30, 2026, versus $29,216 thousand a year prior.

On the balance sheet, total liabilities increased to $3,075,075 thousand at September 30, 2026, from $2,683,806 thousand at December 31, 2025, with the unsecured revolving credit facility rising to $555,438 thousand from $266,036 thousand. Total equity was $2,997,238 thousand at September 30, 2026. The filing also noted accumulated other comprehensive income of $38,400 thousand as of September 30, 2026, reflecting changes in the fair value of interest rate swap agreements. The company's goodwill remained unchanged at $339,769 thousand across both periods reported.

What Was Disclosed

Broadstone Net Lease, Inc. filed a quarterly report covering the period ended September 30, 2026, disclosing income statements, balance sheet data, equity changes, and cash flow information for the three and nine months ended September 30, 2026 and 2025.