Broadstone Net Lease, Inc. (BNL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: April 30, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 1.62% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
190M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

BNL currently has 190M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 1.62% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 30, 2026

10-Q filing | 190.4M shares outstanding

190M 0
Oct 29, 2025

10-Q filing | 188.1M shares outstanding

190M 0
Jul 31, 2025

10-Q filing | 188.0M shares outstanding

190M 0
May 01, 2025

10-Q filing | 187.9M shares outstanding

190M 0
Feb 20, 2025

10-K filing | 187.5M shares outstanding

190M 0
Oct 31, 2024

10-Q filing | 187.5M shares outstanding

190M 0
Jul 31, 2024

10-Q filing | 187.4M shares outstanding

190M 0
May 02, 2024

10-Q filing | 187.3M shares outstanding

190M 0
Feb 22, 2024

10-K filing | 186.6M shares outstanding

190M 0
Nov 02, 2023

10-Q filing | 186.8M shares outstanding

190M 0
Aug 03, 2023

10-Q filing | 186.7M shares outstanding

190M 0
May 04, 2023

10-Q filing | 186.1M shares outstanding

190M 0
Feb 23, 2023

10-K filing | 180.2M shares outstanding

180M 0
Nov 03, 2022

10-Q filing | 172.6M shares outstanding

170M 0
Aug 04, 2022

10-Q filing | 169.6M shares outstanding

170M 0
May 04, 2022

10-Q filing | 174.3M shares outstanding

170M 0
Feb 23, 2022

10-K filing | 164.0M shares outstanding

160M 0
Nov 02, 2021

10-Q filing | 159.2M shares outstanding

160M 0
Aug 04, 2021

10-Q filing | 157.4M shares outstanding

160M 0
May 05, 2021

10-Q filing | 145.3M shares outstanding

150M 0
Mar 18, 2021

S-3 filing: This S-3 filing registers 9,081,530 shares of common stock for possible issuance to certain unit holders of Broadstone Net Lease, LLC upon tender of their units, and for possible resale by selling stockholders.

120M 9.1M
Feb 25, 2021

10-K filing | 117.2M shares outstanding

120M 0
Nov 05, 2020

10-Q filing | 111.2M shares outstanding

110M 0
Sep 21, 2020

8-K filing: Broadstone Net Lease, Inc. closed its initial public offering of 33,500,000 shares of Class A common stock and entered into several agreements including an Underwriting Agreement and amendments to existing Term Loan Agreements.

27M 0
Sep 18, 2020
Stock Split

8-K filing | Stock split 4-for-1 | Outstanding: 26,856,000 → 26,943,586 | Transactions: Issuance 33500000 Common stock

27M 0
Aug 04, 2020

10-Q filing | 26.9M shares outstanding

27M 0
May 07, 2020

10-Q filing | 26.5M shares outstanding

27M 0
Feb 27, 2020

10-K filing | 25.7M shares outstanding

26M 0
Jan 03, 2020

8-K filing: Broadstone Net Lease, Inc. completed a monthly closing of its ongoing private offering on December 31, 2019, selling 365,528.274 shares of common stock at $85.00 per share for $31,069,904.01 in proceeds. ($36.85M proceeds)

26M 0
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