BNL (Broadstone Net Lease) Gross Profit: $451.7 Mil (TTM As of Jun. 2026)

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BNL Broadstone Net Lease Inc BNL
78 GF Score
Price $20.53
GF Value $18.60
Valuation Fairly Valued
! 9 Warning Signs
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What is Broadstone Net Lease Gross Profit?

Broadstone Net Lease BNL -0.87% 78 Gross Profit is $451.7 Mil as of Jun. 2026. GuruFocus rates BNL with a GF Score™ of 78/100 and a GF Value™ of $18.60 (Fairly Valued). The stock has 9 warning signs investors should review.

Broadstone Net Lease's gross profit for the three months ended in Jun. 2026 was $116.5 Mil. Broadstone Net Lease's gross profit for the trailing twelve months (TTM) ended in Jun. 2026 was $451.7 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Broadstone Net Lease's gross profit for the three months ended in Jun. 2026 was $116.5 Mil. Broadstone Net Lease's Revenue for the three months ended in Jun. 2026 was $122.3 Mil. Therefore, Broadstone Net Lease's Gross Margin % for the quarter that ended in Jun. 2026 was 95.24%.

Broadstone Net Lease had a gross margin of 95.24% for the quarter that ended in Jun. 2026 => Durable competitive advantage

During the past 11 years, the highest Gross Margin % of Broadstone Net Lease was 97.27%. The lowest was 94.27%. And the median was 94.92%.


Broadstone Net Lease  (NYSE:BNL) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Broadstone Net Lease had a gross margin of 95.24% for the quarter that ended in Jun. 2026 => Durable competitive advantage


Broadstone Net Lease Gross Profit Related Terms


Broadstone Net Lease Gross Profit Historical Data

* Premium members only.

The historical data trend for Broadstone Net Lease's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Broadstone Net Lease Gross Profit Chart

Broadstone Net Lease Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 364.42 385.74 420.31 407.06 431.17

Broadstone Net Lease Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 107.98 107.97 112.01 115.22 116.49

BNL vs GNL, AAT, SAFE: Gross Profit Comparison

For the REIT - Diversified subindustry, Broadstone Net Lease's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Broadstone Net Lease Gross Profit vs REITs Industry

For the REITs industry and Real Estate sector, Broadstone Net Lease's Gross Profit distribution charts can be found below:

* The bar in red indicates where Broadstone Net Lease's Gross Profit falls into.


BNL
78GF Score
Broadstone Net Lease Inc BNL
Gross Profit is just one metric. See GF Score™, valuation, warning signs, and more.
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Broadstone Net Lease Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Broadstone Net Lease's Gross Profit for the fiscal year that ended in Dec. 2025 is calculated as

Gross Profit (A: Dec. 2025 )=Revenue - Cost of Goods Sold
=454.138 - 22.971
=431.2

Broadstone Net Lease's Gross Profit for the quarter that ended in Jun. 2026 is calculated as

Gross Profit (Q: Jun. 2026 )=Revenue - Cost of Goods Sold
=122.309 - 5.817
=116.5

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $451.7 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Broadstone Net Lease's Gross Margin % for the quarter that ended in Jun. 2026 is calculated as

Gross Margin % (Q: Jun. 2026 )=Gross Profit (Q: Jun. 2026 ) / Revenue (Q: Jun. 2026 )
=(Revenue - Cost of Goods Sold) / Revenue
=116.5 / 122.309
=95.24 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Profit →
What does a Gross Profit of $451.7 Mil mean?
Broadstone Net Lease (BNL) has a Gross Profit of $451.7 Mil as of Jun. 2026. Gross Profit equals net sales less total cost of goods sold. View historical data on Broadstone Net Lease and its competitors.
Is Broadstone Net Lease's Gross Profit too high?
Broadstone Net Lease's current Gross Profit is $451.7 Mil. Overall, Broadstone Net Lease has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Broadstone Net Lease's Gross Profit compare to GNL and AAT?
Broadstone Net Lease's Gross Profit of $451.7 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for a REITs company?
A good Gross Profit depends on the REITs industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on Broadstone Net Lease and its competitors. Broadstone Net Lease's current Gross Profit is $451.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Broadstone Net Lease stock overvalued right now?
Based on GuruFocus' analysis, Broadstone Net Lease (BNL) is currently considered Fairly Valued. The stock's GF Value™ is $18.60, compared to a current price of $20.53 — trading 10.4% above its estimated fair value. The current Gross Profit is $451.7 Mil. Broadstone Net Lease's overall GF Score™ is 78/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For Broadstone Net Lease (BNL), the current Gross Profit is $451.7 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Broadstone Net Lease (BNL) Overvalued in 2026?

Based on GuruFocus' analysis, Broadstone Net Lease stock appears to be overvalued. The current stock price of $20.53 is trading 10.4% above its estimated GF Value™ of $18.60. GuruFocus considers Broadstone Net Lease to be Fairly Valued.

Key valuation signals for BNL:

  • Gross Profit: $451.7 Mil
  • GF Value™: $18.60 vs. price of $20.53 (10.4% above fair value)
  • GF Score™: 78/100 with 9 warning signs

No single metric tells the full story. See the BNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Broadstone Net Lease Business Description

Industry Real EstateREITs
Other Exchanges 62XA:Germany
Address 207 High Point Drive, Suite 300, Victor, NY, USA, 14564
Broadstone Net Lease Inc is an internally managed real estate investment trust that invests in, owns, and manages single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The company has selectively invested in net leased assets in the industrial, healthcare, restaurant, retail, and office property types. The company focuses on investing in real estate that is operated by creditworthy single tenants in industries characterized by positive business drivers and trends. The company targets properties that are an integral part of the tenants' businesses and are therefore opportunities to secure long-term net leases.
78GF Score

Get the complete analysis for BNL

Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$20.53
Price
$18.60
GF Value