BNL
Broadstone Net Lease, Inc.
$21.83
+0.21
(+0.99%)
Mkt Cap
4.19B
Volume
1,750,571
52W Range
15.67-22.04
Sector
Real Estate
Beta
0.97
EPS (TTM)
0.66
P/E Ratio
33.08
Revenue (TTM)
468.77M
Rev Growth (5Y)
+7.2%
EPS Growth (5Y)
+3.0%
AlphaVal · Fair Value
What we estimate one share is worth
$22.57
Fair Value
weak signal
3.3% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
C
Real Estate Investment Trust
52.8 / 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 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 121.40M | 119.40M | 114.93M | 113.04M | 111.78M | 112.89M | 109.83M | 106.94M | 109.12M | 109.88M | 109.64M | 109.59M |
| Net Income | 46.37M | 33.13M | 25.15M | 23.61M | 17.23M | 21.69M | 36.55M | 34.58M | 63.42M | 7.93M | 48.22M | 61.69M |
| EPS | 0.24 | 0.17 | 0.14 | 0.11 | 0.09 | -0.01 | 0.20 | 0.19 | 0.35 | 0.03 | 0.27 | 0.32 |
| Free Cash Flow | 74.73M | 77.98M | 58.02M | 76.67M | 57.11M | 57.47M | 60.26M | 74.00M | 67.73M | 43.78M | 68.03M | 54.22M |
| FCF / Share | 0.39 | 0.41 | 0.31 | 0.41 | 0.30 | 0.31 | 0.32 | 0.39 | 0.36 | 0.23 | 0.36 | 0.29 |
| Operating CF | 76.09M | 84.57M | 64.19M | 79.28M | 71.46M | 63.91M | 67.30M | 74.17M | 70.87M | 60.58M | 73.89M | 62.23M |
| Total Assets | 5.85B | 5.72B | 5.52B | 5.33B | 5.24B | 5.22B | 5.26B | 5.26B | 5.27B | 5.27B | 5.34B | 5.37B |
| Total Debt | 2.68B | 2.62B | 2.38B | 2.16B | 2.04B | 1.91B | 2.00B | 1.95B | 1.95B | 1.91B | 1.95B | 2.00B |
| Cash & Equiv | 20.31M | 30.54M | 81.97M | 20.78M | 9.61M | 14.85M | 9.00M | 18.28M | 221.74M | 19.49M | 35.06M | 20.76M |
| Book Value | 2.89B | 2.90B | 2.88B | 2.91B | 2.95B | 3.00B | 3.00B | 3.05B | 3.07B | 3.05B | 3.12B | 3.11B |
| Return on Equity | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.00 | 0.02 | 0.02 |
BNL News
3 Solid Buys In High-Yield Net Lease REITs
Broadstone Net Lease Schedules Second Quarter 2026 Earnings Release and Conference Call
Broadstone Net Lease: Industrial Build-To-Suit Strategy Keeps The Growth Story Intact
Broadstone Net Lease: An Investment-Grade Winner Among Diversified REITs, As Margins Recover
Here Are Friday’s Best Wall Street Analyst Research Calls: Adobe, Advanced Micro Devices, Ares Capital, Coca Cola, e.l.f. Beauty, FormFactor, Kratos Defense, Travelers, Williams-Sonoma, and More
Broadstone Net Lease Adds $40 Million to its Committed Pipeline of Build-to-Suit Developments
JP Morgan's Analyst Focus List for June Has 5 Top Passive Income Dividend Picks
U.S. REIT At-The-Market Activity Dips In Q1 2026
GRS Advisors Opens $49 Million Broadstone Net Lease Position, According to Recent SEC Filing
NEC completes construction of approximately 2,250 km EMCS submarine cable linking Pacific island nations