Filing Flows › Broadstone Net Lease (BNL) › Q3 2026
Broadstone Net Lease (BNL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Broadstone Net Lease (BNL) reported revenue of $122M for the third quarter 2026 (Q3 2026), +7% from a year earlier and -0.4% from the quarter before. Operating margin was 42.3%, net earnings $27.1M (22.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $122M | -0.4% | +7% |
| Operating profit | $51.5M | -0.9% | +1% |
| Net earnings | $27.1M | -32% | +2% |
| Operating cash flow | $87.6M | +51% | +37% |
| Free cash flow | $63.9M | +38% | +10% |
What changed
Revenue was $121.9M in Q3 2026, up 7% year over year and roughly flat from the previous quarter.
Operating profit was $51.5M, a 42.3% margin (down 2.2 points year over year). Of the extra revenue versus Q3 2025, 10% reached operating profit, below the 44% margin then. Total costs grew 11% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $27.1M, up 2% year over year. The effective tax rate was 0.9%.
Operating cash flow was $87.6M (up 37% year over year), 311% of net income including minority interests. Non-cash charges added back $49.8M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items added $6.5M. Capital expenditures of $23.8M left free cash flow of $63.9M.
Questions
What was Broadstone Net Lease's revenue in the third quarter 2026?
Broadstone Net Lease (BNL) reported revenue of $122M for the third quarter 2026 (Q3 2026), +7% from a year earlier and -0.4% from the quarter before.
Was Broadstone Net Lease profitable in the third quarter 2026?
Operating profit was $51.5M (42.3% of revenue) and net earnings $27.1M.