BNL
Broadstone Net Lease, Inc.
$18.15
+0.15
(+0.83%)
Mkt Cap
3.48B
Volume
3,028,605
52W Range
17.155-23.1
Sector
Real Estate
Beta
0.94
EPS (TTM)
0.76 USD
P/E Ratio
23.88
Revenue (TTM)
478.04M USD
Rev Growth (5Y)
+7.2%
EPS Growth (5Y)
+3.0%
AlphaVal · Fair Value
What we estimate one share is worth
$21.99
Fair Value
moderate signal
17.5% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
C+
Real Estate Investment Trust
60.3 / 100 composite
A real-estate investment trust — graded A–F vs. similar companies.
Company Description
Broadstone Net Lease, Inc. (BNL) operates as a self-managed Real Estate Investment Trust. Its strategy focuses on acquiring, owning, and overseeing primarily single-tenant commercial properties that are subject to long-term net leases with a varied tenant base. The company's investment approach is anchored by robust fundamental credit evaluations and judicious real estate underwriting. As of September 30, 2020, BNL's diverse portfolio comprised 627 properties. Geographically, these holdings span 41 U.S. states and one location in Canada, encompassing sectors such as industrial, healthcare, restaurant, office, and retail, with a cumulative gross asset value of approximately $4.0 billion.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 459.14M | 438.77M | 448.09M | 408.94M | 383.22M | 323.71M | 298.81M | 237.48M | 181.56M | 142.87M | 98.09M | 68.15M |
| Net Income | 102.91M | 156.24M | 157.16M | 116.42M | 102.49M | 51.18M | 79.39M | 69.38M | 54.80M | 36.35M | 19.29M | 15.78M |
| EPS | 0.51 | 0.86 | 0.87 | 0.72 | 0.67 | 0.44 | 0.56 | 0.45 | 0.41 | 0.26 | 0.54 | 0.65 |
| Free Cash Flow | 269.79M | 259.46M | 224.82M | 224.54M | 243.34M | 168.22M | 142.31M | 123.05M | 91.33M | 65.25M | 28.06M | 32.56M |
| FCF / Share | 1.43 | 1.38 | 1.20 | 1.32 | 1.59 | 1.44 | 0.93 | 0.80 | 0.68 | 0.46 | 0.78 | 1.33 |
| Operating CF | 299.50M | 276.25M | 271.07M | 255.91M | 244.94M | 179.03M | 147.36M | 128.01M | 97.94M | 67.19M | 38.62M | 32.77M |
| Total Assets | 5.72B | 5.22B | 5.27B | 5.46B | 4.62B | 4.26B | 3.92B | 3.10B | 2.58B | 1.95B | 1.46B | N/A |
| Total Debt | 2.62B | 1.91B | 1.91B | 2.02B | 1.69B | 1.62B | 2.07B | 1.45B | 1.18B | 866.58M | 691.24M | N/A |
| Cash & Equiv | 30.54M | 14.85M | 19.49M | 21.79M | 21.67M | 100.49M | 12.46M | 18.61M | 9.36M | 21.64M | 27.14M | N/A |
| Book Value | 2.90B | 3.00B | 3.05B | 3.09B | 2.58B | 2.30B | 1.67B | 1.42B | 1.19B | 911.79M | 670.16M | N/A |
| Return on Equity | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 | 0.02 | 0.05 | 0.05 | 0.05 | 0.04 | 0.03 | N/A |
| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 122.31M | 121.40M | 119.40M | 114.93M | 113.04M | 111.78M | 112.89M | 109.83M | 106.94M | 109.12M | 109.88M | 109.64M |
| Net Income | 39.80M | 46.37M | 33.13M | 25.15M | 23.61M | 17.23M | 21.69M | 36.55M | 34.58M | 63.42M | 7.93M | 48.22M |
| EPS | 0.21 | 0.24 | 0.17 | 0.14 | 0.11 | 0.09 | 0.14 | 0.20 | 0.19 | 0.35 | 0.03 | 0.27 |
| Free Cash Flow | 59.53M | 74.73M | 77.98M | 58.02M | 76.67M | 57.11M | 57.47M | 60.26M | 74.00M | 67.73M | 43.78M | 68.03M |
| FCF / Share | 0.31 | 0.39 | 0.41 | 0.31 | 0.41 | 0.30 | 0.31 | 0.32 | 0.39 | 0.36 | 0.23 | 0.36 |
| Operating CF | 58.17M | 76.09M | 84.57M | 64.19M | 79.28M | 71.46M | 63.91M | 67.30M | 74.17M | 70.87M | 60.58M | 73.89M |
| Total Assets | 5.87B | 5.85B | 5.72B | 5.52B | 5.33B | 5.24B | 5.22B | 5.26B | 5.26B | 5.27B | 5.27B | 5.34B |
| Total Debt | 2.73B | 2.68B | 2.62B | 2.38B | 2.16B | 2.04B | 1.91B | 2.00B | 1.95B | 1.95B | 1.91B | 1.95B |
| Cash & Equiv | 11.10M | 20.31M | 30.54M | 81.97M | 20.78M | 9.61M | 14.85M | 9.00M | 18.28M | 221.74M | 19.49M | 35.06M |
| Book Value | 2.88B | 2.89B | 2.90B | 2.88B | 2.91B | 2.95B | 3.00B | 3.00B | 3.05B | 3.07B | 3.05B | 3.12B |
| Return on Equity | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.00 | 0.02 |
BNL News
Broadstone Net Lease Schedules Third Quarter 2026 Earnings Release and Conference Call
Broadstone Net Lease, Inc. (NYSE:BNL) Plans Quarterly Dividend of $0.29
Engineers Gate Manager LP Invests $1.48 Million in Broadstone Net Lease, Inc. $BNL
The Ultimate SWAN Investment: Why Retirees Should Own Net Lease REITs
Broadstone Net Lease: The Dilution Looks Worse Than The Economics
Broadstone Net Lease: The Opportunity Window Has Closed (Rating Downgrade)
Broadstone Net Lease, Inc. (NYSE:BNL) Given Average Recommendation of “Moderate Buy” by Brokerages
Broadstone Net Lease Adds $23 Million to its Committed Pipeline of Build-to-Suit Developments
Deutsche Bank AG Buys New Stake in Broadstone Net Lease, Inc. $BNL
Comparing Broadstone Net Lease (NYSE:BNL) & United Development Funding IV (OTCMKTS:UDFI)