BNL
Broadstone Net Lease margins
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- Real Estate
- NYSE: BNL
- Margins
Recent Broadstone Net Lease shows a gross margin of 56.8%, an operating margin of 46%, an EBITDA margin of 88.8%, and a net margin of 30.3%. EBITDA margin recorded the largest year-over-year gain at 12.7 percentage points, whereas gross margin recorded the largest decline at 1.1 percentage points.
BNL margin history
Over the last 3 years, Broadstone Net Lease's margins averaged 58.36% gross, 40.38% operating, 84.82% EBITDA, and 30.25% net. The current figures show operating, EBITDA, and net margins are above their three-year averages, while gross margin is below its three-year average.
BNL margin expansion
The strongest improvement was in EBITDA margin, which increased by 12.7 percentage points, and operating margin also expanded by 8.7 percentage points and net margin also expanded by 10.3 percentage points, whereas gross margin contracted by 1.1 percentage points.
BNL Gross margin
The average gross margin for Broadstone Net Lease was 58.36% in the last 3 years. As of the latest period, the current gross margin for Broadstone Net Lease is 56.8%, 1.6 percentage points below its three-year average. The gross margin for Broadstone Net Lease moved between 56.8% in Sep 2026 and 59.3% in Mar 2026.
BNL Operating margin
Broadstone Net Lease recorded an average operating margin of 40.38% across the last 3 years. Right now, the current operating margin for Broadstone Net Lease is 46%, 5.6 percentage points above its three-year average. The operating margin for Broadstone Net Lease moved between 35.2% in Sep 2024 and 46.6% in Jun 2026.
BNL EBITDA margin
Looking back over the last 3 years, Broadstone Net Lease recorded an average EBITDA margin of 84.82%. Compared with its three-year average, Broadstone Net Lease's current EBITDA margin is 88.8% and is 4 percentage points above its three-year average. The highest EBITDA margin for Broadstone Net Lease was 95.5% in Mar 2024, while the lowest was 76.1% in Sep 2025.
BNL Net margin
Over the last 3 years, the average net margin for Broadstone Net Lease was 30.25%. The latest net margin for Broadstone Net Lease is 30.3%, 0.1 percentage points above its three-year average. Broadstone Net Lease's net margin ranged from a low of 20% in Sep 2025 to a high of 42.2% in Mar 2024.
BNL margin group comparison
With a gross margin of 56.8%, BNL stands below the Real Estate sector and the industry average. Compared to its Real Estate sector average of 62.7%, Broadstone Net Lease's gross margin is 9% lower.
BNL margin peer comparison
Frequently asked questions
What is Broadstone Net Lease's gross margin?
For the period ending Sep 30, 2026, BNL recorded a gross margin of 56.8%.
What is Broadstone Net Lease's operating margin?
For the period ending Sep 30, 2026, BNL recorded an operating margin of 46%.
What is Broadstone Net Lease's EBITDA margin?
For the period ending Sep 30, 2026, BNL recorded an EBITDA margin of 88.8%.
What is Broadstone Net Lease's net margin?
The current net margin for BNL is 30.3% as of Sep 30, 2026.
What are the average margins of BNL?
Looking back over 3 years, BNL recorded average margins of 58.4% gross, 40.4% operating, 84.8% EBITDA, and 30.3% net.
What are the highest historical margins of BNL?
Looking back across 5 years, BNL reached 61% gross in Jun 2022, 49.2% operating in Sep 2023, 95.5% EBITDA in Mar 2024, and 42.2% net in Mar 2024.
What are the lowest historical margins of BNL?
Looking back across 5 years, BNL reached its lowest margins at 56.7% gross in Dec 2022, 35.2% operating in Sep 2024, 76.1% EBITDA in Sep 2025, and 20% net in Sep 2025.