BNL (Broadstone Net Lease) Other Operating Expense: $166.1 Mil (TTM As of Mar. 2026)

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BNL Broadstone Net Lease Inc BNL
77 GF Score
Price $22.68
GF Value $17.72
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Broadstone Net Lease Other Operating Expense?

Broadstone Net Lease BNL -0.70% 77 Other Operating Expense is $166.1 Mil as of Mar. 2026. GuruFocus rates BNL with a GF Score™ of 77/100 and a GF Value™ of $17.72 (Modestly Overvalued). The stock has 9 warning signs investors should review.

Broadstone Net Lease's Other Operating Expense for the three months ended in Mar. 2026 was $41.5 Mil. Its Other Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $166.1 Mil.

Broadstone Net Lease's quarterly Other Operating Expense increased from Sep. 2025 ($40.2 Mil) to Dec. 2025 ($41.8 Mil) but then declined from Dec. 2025 ($41.8 Mil) to Mar. 2026 ($41.5 Mil).

Broadstone Net Lease's annual Other Operating Expense declined from Dec. 2023 ($158.6 Mil) to Dec. 2024 ($156.2 Mil) but then increased from Dec. 2024 ($156.2 Mil) to Dec. 2025 ($164.1 Mil).


Broadstone Net Lease Other Operating Expense Historical Data

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The historical data trend for Broadstone Net Lease's Other Operating Expense 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 Other Operating Expense Chart

Broadstone Net Lease Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Other Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 132.10 154.81 158.63 156.18 164.09

Broadstone Net Lease Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Other Operating Expense 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 39.50 42.58 40.25 41.77 41.53
BNL
77GF Score
Broadstone Net Lease Inc BNL
Other Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Broadstone Net Lease Other Operating Expense Calculation

GuruFocus uses a standardized financial statement format for all companies. For non-financial companies, GuruFocus lists Selling, General, & Admin. Expense, , Research & Development, and Other Operating Expense under the "Total Operating Expense" section.

Other Operating Expense sometimes includes:
Restructuring, and merger
Acquisition related and other
Litigation settlement charge
Other (too numerous to list)

Some companies can and do choose to report each of these items separately. Yet, there are a variety of Other Operating Expense which are simply too numerous to list.

Other Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $166.1 Mil.

* 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.

What does a Other Operating Expense of $166.1 Mil mean?
Broadstone Net Lease (BNL) has a Other Operating Expense of $166.1 Mil as of Mar. 2026. Other operating expenses that a company records on its income statement. View historical data on Broadstone Net Lease and its competitors.
Is Broadstone Net Lease's Other Operating Expense too high?
Broadstone Net Lease's current Other Operating Expense is $166.1 Mil. Overall, Broadstone Net Lease has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Broadstone Net Lease's Other Operating Expense compare to GNL and AAT?
Broadstone Net Lease's Other Operating Expense of $166.1 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 Other Operating Expense for a REITs company?
A good Other Operating Expense depends on the REITs industry context. However, Other Operating Expense 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 Other Operating Expense mean?
A high Other Operating Expense can signal that a stock is expensive relative to its fundamentals. Other operating expenses that a company records on its income statement. View historical data on Broadstone Net Lease and its competitors. Broadstone Net Lease's current Other Operating Expense is $166.1 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 Modestly Overvalued. The stock's GF Value™ is $17.72, compared to a current price of $22.68 — trading 28% above its estimated fair value. The current Other Operating Expense is $166.1 Mil. Broadstone Net Lease's overall GF Score™ is 77/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Operating Expense calculated?
Other Operating Expense is calculated from a company's financial statements. For Broadstone Net Lease (BNL), the current Other Operating Expense is $166.1 Mil as of Mar. 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 $22.68 is trading 28% above its estimated GF Value™ of $17.72. GuruFocus considers Broadstone Net Lease to be Modestly Overvalued.

Key valuation signals for BNL:

  • Other Operating Expense: $166.1 Mil
  • GF Value™: $17.72 vs. price of $22.68 (28% above fair value)
  • GF Score™: 77/100 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.
77GF Score

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

$22.68
Price
$17.72
GF Value