Broadstone Net Lease (BNL) Stock Overview
BNL is an industrial-focused, diversified net lease REIT that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 1/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
BNL Community Fair Values
Create NarrativeSee what 11 others think this stock is worth. Follow their fair value or set your own to get alerts.
Broadstone Net Lease, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$18.83 |
| 52 Week High | US$18.86 |
| 52 Week Low | US$13.96 |
| Beta | 1.02 |
| 1 Month Change | 2.73% |
| 3 Month Change | 18.65% |
| 1 Year Change | 2.62% |
| 3 Year Change | 12.35% |
| 5 Year Change | 12.42% |
| Change since IPO | 15.52% |
Recent News & Updates
Recent updates
Broadstone Net Lease: Thriving From The Doldrums
Aug 08Broadstone Net Lease And W. P. Carey: Diverging Multiples Create A Compelling Opportunity To Swap
Feb 23Broadstone Net Lease, Inc. (NYSE:BNL) Just Reported Annual Earnings: Have Analysts Changed Their Mind On The Stock?
Feb 22
Broadstone Net Lease: Remains Undervalued With Attractive Yield
Jan 07Broadstone Net Lease: Double Your Income With Significantly Less Risk
Dec 25Broadstone Net Lease: Still Underestimated
Nov 23Broadstone Net Lease: 6% Yield, Dividend Growth, High Margin Of Safety
Oct 01Previous Thesis Panned Out, But Broadstone Net Lease Has More To Offer
Sep 17Broadstone Net Lease: Not All Industrial Is Created Equal
Sep 10
Tactical Exit And Risky Investments Spell Troubled Waters Ahead
Exiting clinical healthcare and shifting investments towards specialized industrial and QSR assets could lead to earnings volatility and capital requirement issues.Broadstone Net Lease: Meaningful Reorganization Progress And Strong Metrics Make It Buyable
Aug 12Broadstone Net Lease: Price Catches Up With Value
Jul 30Broadstone Net Lease: An Attractive Yield For Income Investors
Jul 08Here's Why We Think Broadstone Net Lease (NYSE:BNL) Is Well Worth Watching
Jun 22Broadstone Net Lease: Higher For Longer Interest Rates Keeping The Stock Undervalued
Jun 03Broadstone Net Lease: Great Risk-To-Reward Ratio Accompanied By Top Business Metrics
May 27Broadstone Net Lease: Very Much Underestimated
May 21Broadstone Net Lease, Inc. Just Recorded A 103% EPS Beat: Here's What Analysts Are Forecasting Next
May 06Broadstone Net Lease: An Industrial REIT Powerhouse With A 7.8% Yield
Apr 16Broadstone Net Lease: A 7.5% Dividend And Cheap Valuation
Mar 28Broadstone Net Lease: Why We Prefer It Over Realty Income
Mar 10Broadstone Net Lease: A REIT To Consider For Post Rate Hikes
Feb 25Broadstone Net Lease: An Insulated Portfolio Protected From Rates And Turmoil
Feb 06Broadstone Net Lease: A Solid REIT Choice For 2024
Jan 03Here's Why We Think Broadstone Net Lease (NYSE:BNL) Might Deserve Your Attention Today
Dec 16Broadstone Net Lease: A Tempting ~7% Yielding Diversified REIT
Dec 12Earnings Beat: Broadstone Net Lease, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Nov 05Broadstone Net Lease: High Yield With A Limited Downside
Nov 03Broadstone Net Lease: High Dividend And Good Upside (Rating Upgrade)
Oct 24Broadstone Net Lease: 7.8% Yield, Cheap, Safe
Oct 01Broadstone Net Lease: A Spread Worth Considering
Sep 21Broadstone Net Lease: Over 20% Upside Potential With 7% Yielding Dividend
Aug 29Broadstone Net Lease: Safe, High Yield From This Diversified REIT
Jul 24Broadstone Net Lease: Enjoy A High Dividend Yield
Jun 28Broadstone Net Lease: This Nearly 7% Yielder Remains Attractive
Jun 13Top 3 High Yield Diversified REITs For H2 2023
May 23Shareholder Returns
| BNL | US REITs | US Market | |
|---|---|---|---|
| 7D | 3.0% | 1.9% | 1.2% |
| 1Y | 2.6% | -3.7% | 16.3% |
Return vs Industry: BNL exceeded the US REITs industry which returned -3.7% over the past year.
Return vs Market: BNL underperformed the US Market which returned 16.3% over the past year.
Price Volatility
| BNL volatility | |
|---|---|
| BNL Average Weekly Movement | 2.5% |
| REITs Industry Average Movement | 3.3% |
| Market Average Movement | 6.5% |
| 10% most volatile stocks in US Market | 17.5% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: BNL has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: BNL's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2007 | 73 | John Moragne | www.broadstone.com |
BNL is an industrial-focused, diversified net lease REIT that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. Utilizing an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting, as of June 30, 2025, BNL’s diversified portfolio consisted of 766 individual net leased commercial properties with 759 properties located in 44 U.S. states and seven properties located in four Canadian provinces across the industrial, retail, and other property types.
Broadstone Net Lease, Inc. Fundamentals Summary
| BNL fundamental statistics | |
|---|---|
| Market cap | US$3.72b |
| Earnings (TTM) | US$97.71m |
| Revenue (TTM) | US$442.20m |
Is BNL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BNL income statement (TTM) | |
|---|---|
| Revenue | US$442.20m |
| Cost of Revenue | US$24.27m |
| Gross Profit | US$417.93m |
| Other Expenses | US$320.23m |
| Earnings | US$97.71m |
Last Reported Earnings
Jun 30, 2025
Next Earnings Date
Oct 29, 2025
| Earnings per share (EPS) | 0.52 |
| Gross Margin | 94.51% |
| Net Profit Margin | 22.10% |
| Debt/Equity Ratio | 69.9% |
How did BNL perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/21 14:09 |
| End of Day Share Price | 2025/10/20 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Broadstone Net Lease, Inc. is covered by 17 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Kim | BMO Capital Markets Equity Research |
| null null | BMO Capital Markets Equity Research |
| Michael Gorman | BTIG |