Filing Flows › Broadstone Net Lease (BNL) › Q3 2026 › vs Q2 2026
Broadstone Net Lease (BNL) Q3 2026 vs Q2 2026 (quarter over quarter)
Broadstone Net Lease's revenue fell $442K (-0.4%) from $122M in Q2 2026 to $122M in Q3 2026. Operating margin 42.3% against 42.5% (-0.2 pts).
Broadstone Net Lease, Q3 2026: revenue $122M (+7% year over year), operating margin 42.3%, net earnings $27.1M, operating cash flow $87.6M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 42.3% | 42.5% | -0.2 pts |
| Net margin | 22.3% | 32.5% | -10.3 pts |
| Free cash flow margin | 52.4% | 37.9% | +14.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $122M | $122M | −$442K | -0.4% |
| Operating profit | $51.5M | $51.9M | −$457K | -0.9% |
| Costs & expenses | $70.4M | $70.4M | $15K | 0% |
| Pre-tax earnings | $28.4M | $40.6M | −$12.2M | -30% |
| Other expense, net | $23.1M | $11.3M | $11.7M | +104% |
| General & admin | $10.8M | $11.9M | −$1.1M | -9% |
| Other operating costs | $59.6M | $58.5M | $1.1M | +2% |
| Net earnings | $27.1M | $39.8M | −$12.7M | -32% |
| Minority interests | $1.0M | $456K | $566K | +124% |
| Income tax | $256K | $346K | −$90K | -26% |
| Depreciation & amortization | $49.8M | $48.1M | $1.7M | +4% |
| Share-based compensation | $3.3M | $2.9M | $415K | +15% |
| Working capital & other | $7.5M | −$32.6M | $40.0M | — |
| Operating cash flow | $87.6M | $58.2M | $29.5M | +51% |
| Free cash flow (OCF − capex) | $63.9M | $46.4M | $17.5M | +38% |
| Capital expenditures | $23.8M | $11.8M | $12.0M | +102% |
Questions
How much did Broadstone Net Lease's revenue grow quarter over quarter in Q3 2026?
Broadstone Net Lease's revenue fell $442K (-0.4%) from $122M in Q2 2026 to $122M in Q3 2026. Operating margin 42.3% against 42.5% (-0.2 pts).