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Broadstone Net Lease
BNL.US
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 September 30, 2025, BNL’s diversified portfolio consisted of 759 individual net leased commercial properties with 752 properties located in 44 U.S. states and seven properties located in four Canadian provinces across the industrial, retail, and other property types.
1.390 T
BNL.USMarket value -Rank by Market Cap -/-

Financial Score

21/11/2025 Update
C
Equity Real Estate Investment Trusts (REITs)Industry
Industry Ranking59/164
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreB
    • ROE3.01%C
    • Profit Margin20.04%A
    • Gross Margin94.57%A
  • Growth ScoreC
    • Revenue YoY5.49%C
    • Net Profit YoY-37.43%D
    • Total Assets YoY4.86%C
    • Net Assets YoY-4.01%D
  • Cash ScoreC
    • Cash Flow Margin505.95%C
    • OCF YoY5.49%C
  • Operating ScoreE
    • Turnover0.08E
  • Debt ScoreC
    • Gearing Ratio45.42%C

Valuation analysis

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Institutional View & Shareholder

Analyst Ratings

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    News
    View More

    Broadstone Net Lease (BNL): Evaluating Valuation Following Milestone Dayton Facility Completion and Expansion Moves

    Broadstone Net Lease (BNL) has completed the first of two large-scale hangars at Dayton International Airport, marking a significant expansion milestone. The company's share price has risen over 16% year-to-date, with a fair value estimated at $19.60, suggesting it is undervalued. However, its high price-to-earnings ratio of 38.9x compared to the industry average raises valuation concerns. The company is repositioning its portfolio to reduce risk and improve returns, but tenant credit concerns and competition for acquisitions pose risks.

    Simplywall·
    US
    BNL
    +2.06%
    Simplywall·
    US
    BNL
    +2.06%

    Will New Mission-Critical Projects and Major Tenant Deals Change Broadstone Net Lease's (BNL) Narrative?

    Broadstone Net Lease completed an MRO hangar at Dayton International Airport for Sierra Nevada Corporation and the U.S. Air Force, and is advancing projects for Hobby Lobby and Academy Sports. These developments highlight BNL's ability to secure high-value, mission-critical assets with stable rental streams. Despite tenant credit risks, BNL's focus on critical-use tenants supports rent and earnings growth. Analysts forecast $518.6 million revenue and $148.3 million earnings by 2028, with a fair value of $19.70 per share, indicating a 7% upside.

    Simplywall·
    US
    BNL
    +2.06%
    Simplywall·
    US
    BNL
    +2.06%

    Teacher Retirement System of Texas Reduces Position in Broadstone Net Lease, Inc. $BNL

    Teacher Retirement System of Texas reduced its stake in Broadstone Net Lease, Inc. (NYSE: BNL) by 46.6% in Q2, holding 28,708 shares valued at $461,000. Other institutional investors also adjusted their positions. Analysts have mixed ratings on BNL, with a consensus rating of "Moderate Buy" and an average target price of $19.89. The company reported Q3 earnings of $0.14 EPS, missing estimates, and announced a quarterly dividend of $0.29 per share, yielding 6.4%.

    Market Beat·
    US
    BNL
    +2.06%
    Market Beat·
    US
    BNL
    +2.06%

    Broadstone Net Lease completes first MRO facility at Sierra Nevada, adds $21 million to build-to-suit pipeline.

    In Victor, New York, BNL has achieved significant progress on one of two Sierra Nevada MRO projects, marking substantial completion. This accomplishment contributes $21 million to the company's growing pipeline of build-to-suit developments.

    Unusual Whales·
    US
    BNL
    +2.06%
    Unusual Whales·
    US
    BNL
    +2.06%

    Broadstone Net Lease Completes First MRO Facility at Dayton International Airport

    Broadstone Net Lease Inc. has completed the first of two MRO hangars at Dayton International Airport, supporting Sierra Nevada Corporation's work with the U.S. Air Force. Rent for the facility starts on November 1, 2025, with a second MRO facility expected to be completed in early 2026. Additionally, Broadstone is constructing two build-to-suit developments for Hobby Lobby and Academy Sports, set for completion in late 2026.

    Reuters·
    US
    BNL
    +2.06%
    Reuters·
    US
    BNL
    +2.06%