Companies: 10,795·Total market cap: $144.5T
Broadstone Net Lease, Inc.

Broadstone Net Lease, Inc.

BNLNYSEReal Estate● Active
$20.63
+$0.05(+0.24%)
Market Cap$4.0B
P/E Ratio
52W High$20.83
52W Low$15.66

Broadstone Net Lease, Inc. (BNL) Shares Outstanding — Overview

Basic and diluted weighted average shares, YoY change, float context, and historical trend from SEC filings and FMP.

BNL · shares outstanding · updated Jun 10, 2026

Key metrics

Basic Shares Outstanding · Weighted average · fiscal year
188.1M +0.36% YoY Change
FY · as of Dec 31, 2025 · Reported in USD
vs 187.5M in FY 2024
Diluted Shares Outstanding
197.6M
incl. options, RSUs, convertibles
Dilution Spread
+5.02%
Diluted vs Basic
YoY Change
+0.36%
year-over-year
Float (Free Float)
189.6M
publicly tradable shares
98.8% of total
Source: FMP /income-statement · /shares-float · SEC 10-K / 10-QUpdated: 2026-06-10

Shares Outstanding Growth Rate

3-Year CAGRincreasing
+3.5%
2022 → 2025
5-Year CAGRincreasing
+9.9%
2020 → 2025
10-Year CAGRincreasing
+18.1%
2015 → 2025

Negative CAGR typically indicates share buyback or retirement activity. Interpret alongside Splits and Financials tabs. Splits / Financials

Shares outstanding history

↓ Decrease — typically buyback / retirement
↑ Increase — issuance / equity compensation
Latest
* most recent reported · FMP /income-statement · weightedAverageShsOut

Annual shares outstanding by year

FY 2025Latest
Diluted Shares: 197.6M
188.1M
+0.36%
FY 2024
Diluted Shares: 196.6M
187.5M
+0.45%
FY 2023
Diluted Shares: 196.3M
186.6M
+9.88%
FY 2022
Diluted Shares: 180.2M
169.8M
+10.97%
FY 2021
Diluted Shares: 164.0M
153.1M
+30.65%
FMP /income-statement · weightedAverageShsOut · weightedAverageShsOutDilUnit: Billions (B)

Real Estate sector shares outstanding comparison

Shares Outstanding for similar companies or competitors in the Real Estate sector.

#SymbolCompanyShares (Basic)vs BNL
#1
Prologis, Inc.PLD
Prologis, Inc.
938.4M+398.8%
#2
Welltower Inc.WELL
Welltower Inc.
665.6M+253.8%
#3
American Tower CorporationAMT
American Tower Corporation
469.1M+149.4%
#4
Digital Realty Trust, Inc.DLR
Digital Realty Trust, Inc.
343.5M+82.6%
#5
Simon Property Group, Inc.SPG
Simon Property Group, Inc.
326.0M+73.3%
#6
Broadstone Net Lease, Inc.BNL
Broadstone Net Lease, Inc.YOU
188.1M
#7
Equinix, Inc.EQIX
Equinix, Inc.
97.9M-48.0%

/company-screener · per-peer /income-statement · cache 86400s

Understanding Shares Outstanding

What Are Shares Outstanding? (Basic)

Broadstone Net Lease, Inc. (BNL) shares outstanding is the total number of issued shares held by shareholders — the basis for Basic EPS and market capitalization. As of December 31, 2025, Broadstone Net Lease, Inc. reports 188.1M basic shares outstanding (weighted average).

Basic vs. Diluted Shares Outstanding

Broadstone Net Lease, Inc.'s basic shares outstanding (188.1M) represents currently issued shares. Diluted shares outstanding (197.6M) also includes potential shares from stock options, RSUs, and convertibles. Dilution spread: +5.02%.

Shares Outstanding vs. Float (Free Float)

Broadstone Net Lease, Inc.'s float is 189.6M (98.8% of total shares outstanding) — shares freely available for public trading, excluding insider-held and restricted shares.

Float189.6M(98.8%)
Outstanding191.8M

Float data from /shares-float reflects the most recent SEC filing period-end. The weighted average shares (from /income-statement) may differ — this is a normal reporting window difference, not a data error.

FMP /income-statement · /shares-float · SEC EDGAR · USD

About shares outstanding & methodology

Broadstone Net Lease, Inc. (BNL) shares outstanding history from 2014 to 2025. Shares outstanding can be defined as the total number of shares held by all shareholders — including institutional investors, retail investors, and company insiders — assuming conversion of all convertible debt, securities, warrants, and options. This metric excludes the company's treasury shares.

Broadstone Net Lease, Inc. shares outstanding for the fiscal year ending December 31, 2025 were 188.1M, a 0.36% increase year-over-year. Broadstone Net Lease, Inc. FY 2025 shares outstanding were 188.1M, a +0.36% increase from FY 2024.

Broadstone Net Lease, Inc. is a leading company operating in the Real Estate sector. The company's share count trajectory — with a 10-year CAGR of +18.1% — is a key signal for investors evaluating capital return policy, EPS accretion, and long-term shareholder value creation.

Figures tie to SEC 10-K/10-Q income statement disclosures and FMP /income-statement · /shares-float where noted.

Frequently asked questions

BNL shares outstanding · 4 questions

As of December 31, 2025, Broadstone Net Lease, Inc. (BNL) has approximately 188.1M basic shares outstanding and 197.6M diluted shares outstanding. This represents a +0.36% year-over-year increase from FY 2024 (187.5M). The increase may reflect equity compensation issuances or secondary offerings.

BNL shares outstandinghow many shares does BNL haveBNL basic shares 2025BNL diluted shares

Data: FMP /income-statement · /shares-float · SEC EDGAR · weighted average basis · Broadstone Net Lease, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: 2026-06-10