Broadstone Net Lease Inc
NYSE:BNL
Income Statement
Earnings Waterfall
Broadstone Net Lease Inc
Income Statement
Broadstone Net Lease Inc
| Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||
| Interest Expense |
73
|
78
|
80
|
81
|
76
|
71
|
67
|
64
|
64
|
65
|
67
|
72
|
79
|
83
|
85
|
85
|
80
|
77
|
75
|
73
|
74
|
76
|
79
|
89
|
|
| Revenue |
299
N/A
|
309
+3%
|
320
+4%
|
324
+1%
|
322
-1%
|
326
+1%
|
331
+1%
|
373
+13%
|
383
+3%
|
394
+3%
|
407
+3%
|
388
-5%
|
408
+5%
|
433
+6%
|
444
+3%
|
450
+1%
|
443
-2%
|
429
-3%
|
426
-1%
|
425
0%
|
432
+2%
|
435
+1%
|
442
+2%
|
448
+1%
|
|
| Gross Profit | |||||||||||||||||||||||||
| Cost of Revenue |
(41)
|
(43)
|
(54)
|
(56)
|
(56)
|
(56)
|
(47)
|
(51)
|
(51)
|
(52)
|
(53)
|
(53)
|
(62)
|
(66)
|
(66)
|
(64)
|
(57)
|
(54)
|
(54)
|
(55)
|
(57)
|
(57)
|
(59)
|
(59)
|
|
| Gross Profit |
258
N/A
|
266
+3%
|
266
0%
|
268
+1%
|
265
-1%
|
270
+2%
|
284
+5%
|
322
+13%
|
332
+3%
|
342
+3%
|
354
+4%
|
335
-5%
|
346
+3%
|
367
+6%
|
378
+3%
|
386
+2%
|
386
0%
|
375
-3%
|
372
-1%
|
369
-1%
|
375
+2%
|
378
+1%
|
383
+1%
|
389
+2%
|
|
| Operating Income | |||||||||||||||||||||||||
| Operating Expenses |
(119)
|
(125)
|
(126)
|
(125)
|
(126)
|
(126)
|
(129)
|
(133)
|
(135)
|
(137)
|
(141)
|
(146)
|
(152)
|
(157)
|
(161)
|
(162)
|
(162)
|
(160)
|
(159)
|
(158)
|
(162)
|
(164)
|
(165)
|
(169)
|
|
| Selling, General & Administrative |
(36)
|
(38)
|
(35)
|
(32)
|
(32)
|
(32)
|
(35)
|
(36)
|
(35)
|
(35)
|
(35)
|
(36)
|
(37)
|
(38)
|
(38)
|
(38)
|
(38)
|
(37)
|
(38)
|
(37)
|
(38)
|
(38)
|
(38)
|
(39)
|
|
| Depreciation & Amortization |
(84)
|
(89)
|
(93)
|
(94)
|
(94)
|
(94)
|
(95)
|
(97)
|
(99)
|
(102)
|
(106)
|
(110)
|
(115)
|
(119)
|
(123)
|
(124)
|
(124)
|
(123)
|
(122)
|
(121)
|
(124)
|
(125)
|
(128)
|
(130)
|
|
| Operating Income |
138
N/A
|
141
+2%
|
140
-1%
|
143
+2%
|
140
-2%
|
144
+3%
|
154
+7%
|
189
+23%
|
197
+4%
|
205
+4%
|
214
+4%
|
189
-11%
|
194
+2%
|
210
+8%
|
217
+3%
|
224
+3%
|
224
0%
|
215
-4%
|
212
-1%
|
211
-1%
|
213
+1%
|
215
+1%
|
217
+1%
|
220
+1%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||
| Interest Income Expense |
(73)
|
(78)
|
(81)
|
(81)
|
(76)
|
(71)
|
(67)
|
(64)
|
(64)
|
(65)
|
(67)
|
(72)
|
(79)
|
(83)
|
(87)
|
(85)
|
(81)
|
(77)
|
(71)
|
(72)
|
(67)
|
(71)
|
(79)
|
(86)
|
|
| Non-Reccuring Items |
(5)
|
(5)
|
(6)
|
(18)
|
(20)
|
(21)
|
(20)
|
(31)
|
(30)
|
(27)
|
(28)
|
(6)
|
(6)
|
(8)
|
(7)
|
(3)
|
(33)
|
(57)
|
(61)
|
(62)
|
(49)
|
(39)
|
(47)
|
(53)
|
|
| Gain/Loss on Disposition of Assets |
30
|
36
|
34
|
23
|
15
|
12
|
15
|
15
|
14
|
10
|
10
|
9
|
16
|
18
|
44
|
59
|
54
|
110
|
84
|
71
|
73
|
14
|
12
|
12
|
|
| Total Other Income |
(4)
|
(9)
|
(3)
|
2
|
(2)
|
5
|
(7)
|
(13)
|
(6)
|
(8)
|
0
|
6
|
6
|
7
|
4
|
0
|
0
|
0
|
1
|
0
|
0
|
1
|
0
|
0
|
|
| Pre-Tax Income |
88
N/A
|
85
-3%
|
85
+0%
|
70
-18%
|
57
-18%
|
69
+21%
|
75
+8%
|
96
+28%
|
111
+16%
|
116
+4%
|
129
+11%
|
127
-1%
|
131
+3%
|
144
+10%
|
171
+19%
|
194
+13%
|
164
-16%
|
191
+16%
|
164
-14%
|
149
-9%
|
170
+15%
|
119
-30%
|
103
-14%
|
93
-9%
|
|
| Net Income | |||||||||||||||||||||||||
| Tax Provision |
(2)
|
(3)
|
(3)
|
(3)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
| Income from Continuing Operations |
85
|
82
|
82
|
66
|
56
|
68
|
74
|
95
|
110
|
114
|
127
|
125
|
130
|
143
|
170
|
193
|
163
|
190
|
163
|
148
|
169
|
118
|
102
|
92
|
|
| Income to Minority Interest |
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(9)
|
(10)
|
(8)
|
(9)
|
(6)
|
(6)
|
(7)
|
(4)
|
(3)
|
(2)
|
|
| Net Income (Common) |
79
N/A
|
76
-4%
|
76
-1%
|
61
-19%
|
51
-16%
|
62
+22%
|
68
+9%
|
88
+29%
|
102
+16%
|
107
+5%
|
119
+12%
|
117
-1%
|
122
+4%
|
134
+10%
|
161
+20%
|
183
+14%
|
155
-15%
|
181
+17%
|
156
-14%
|
142
-9%
|
161
+14%
|
113
-30%
|
98
-13%
|
89
-9%
|
|
| EPS (Diluted) |
0.51
N/A
|
0.44
-14%
|
0.43
-2%
|
0.49
+14%
|
0.39
-20%
|
0.39
N/A
|
0.43
+10%
|
0.51
+19%
|
0.62
+22%
|
0.61
-2%
|
0.65
+7%
|
0.64
-2%
|
0.67
+5%
|
0.68
+1%
|
0.81
+19%
|
0.93
+15%
|
0.78
-16%
|
0.91
+17%
|
0.79
-13%
|
0.71
-10%
|
0.82
+15%
|
0.57
-30%
|
0.49
-14%
|
0.44
-10%
|
|