Broadstone Net Lease (BNL) AI Stock Analysis

• Market Cap: $3.40B
• Dividend Yield: 6.72%
• Average Volume (3M): 1.62M
• Price to Earnings (P/E): 38.8
• Beta (1Y): 0.19
• Revenue Growth: 3.87%
• EPS Growth: -37.59%
• Country: US
• Employees: 73
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): 0.14
• Shares Outstanding: 189,216,030
• 10 Day Avg. Volume: 1,340,106
• 30 Day Avg. Volume: 1,621,686
• PEG Ratio: -15.92
• Price to Book (P/B): 0.99
• Price to Sales (P/S): 6.89
• P/FCF Ratio: 11.46
• Enterprise Value/Market Cap: 1.70
• Enterprise Value/Revenue: 12.89
• Enterprise Value/Gross Profit: 13.60
• Enterprise Value/Ebitda: 15.94
• 1Y Price Target: $20.17
• Price Target Upside: 12.37% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: $18.50 ▲(3.06% Upside)

Broadstone Net Lease's overall stock score reflects a mix of stable financial performance and positive earnings call sentiment, tempered by bearish technical indicators and valuation concerns. The company's strong dividend yield and strategic growth initiatives provide a positive outlook, but investors should be cautious of potential downside risks indicated by technical analysis.

Positive Factors

Strategic Growth Plans

BNL's strategic focus on growth through its portfolio and acquisitions emphasizes sustainable growth and strong stakeholder relationships, positioning it well for long-term success.

Successful Investment Strategy

BNL's investment in accretive acquisitions with favorable capitalization rates supports long-term revenue growth and enhances its property portfolio.

Strong Capital Market Activity

The successful bond offering strengthens BNL's capital structure, providing financial flexibility for future growth and stability.

Negative Factors

Declining Profitability

Decreasing profitability could hinder BNL's ability to reinvest in growth and maintain dividend payouts, affecting long-term financial health.

Limited Product Supply

Limited supply and competition in property acquisitions may restrict BNL's growth opportunities and impact its ability to expand its portfolio.

Decline in Free Cash Flow Growth

Reduced free cash flow growth could limit BNL's capacity for future investments and affect its ability to sustain dividend payments.

Broadstone Net Lease Business Overview & Revenue Model

Company Description

BNL is an internally-managed REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The Company utilizes an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting. As of September 30, 2020, BNL's diversified portfolio consisted of 627 properties in 41 U.S. states and one property in Canada across the industrial, healthcare, restaurant, office, and retail property types, with an aggregate gross asset value of approximately $4.0 billion.

How the Company Makes Money

Broadstone Net Lease generates revenue primarily through rental income from its portfolio of commercial properties. The company enters into long-term net lease agreements with tenants, where the tenants are responsible for most property expenses, including taxes, insurance, and maintenance. This structure allows BNL to maintain a relatively low operating cost while benefiting from stable cash flow. Additionally, BNL may earn income through property appreciation and potential lease escalations over time. The company may also engage in strategic acquisitions to expand its portfolio, which can enhance revenue growth. Key partnerships with reputable tenants in various sectors contribute to its earnings stability, as these tenants often have strong financial profiles.

Broadstone Net Lease Financial Statement Overview

Summary

Broadstone Net Lease demonstrates stable financial health with consistent revenue growth and strong operational margins. However, declining profitability and free cash flow growth in the TTM pose potential risks. The balance sheet remains solid with manageable leverage, but investors should monitor the company's ability to enhance profitability and cash flow generation in the future.

Income Statement

Broadstone Net Lease shows a stable revenue growth trajectory with a slight increase in TTM revenue. However, the gross profit margin has decreased from previous years, indicating potential cost pressures. The net profit margin has also declined significantly in the TTM, suggesting reduced profitability. Despite these challenges, the company maintains a strong EBIT and EBITDA margin, reflecting operational efficiency.

Balance Sheet

The company's balance sheet is relatively stable with a moderate debt-to-equity ratio, indicating a balanced approach to leverage. The return on equity has decreased in the TTM, which could be a concern for investors seeking high returns. The equity ratio remains healthy, suggesting a solid capital structure.

Cash Flow

Broadstone Net Lease's cash flow analysis reveals a decline in free cash flow growth in the TTM, which could impact future investments and dividend payouts. The operating cash flow to net income ratio is not available for the TTM, but previous years show strong coverage. The free cash flow to net income ratio remains robust, indicating efficient cash generation relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	447.97M	431.80M	442.89M	407.51M	382.88M	321.64M
Gross Profit	424.52M	407.06M	420.31M	385.74M	364.42M	304.16M
EBITDA	362.26M	400.42M	380.89M	364.21M	328.01M	266.04M
Net Income	89.76M	162.44M	155.48M	122.11M	102.43M	51.18M
Balance Sheet
Total Assets	5.52B	5.22B	5.27B	5.46B	4.62B	4.26B
Cash, Cash Equivalents and Short-Term Investments	81.97M	14.85M	19.49M	21.79M	21.67M	100.49M
Total Debt	2.38B	1.91B	1.91B	2.02B	1.69B	1.62B
Total Liabilities	2.51B	2.07B	2.07B	2.20B	1.88B	1.78B
Stockholders Equity	2.88B	3.00B	3.05B	3.09B	2.58B	2.30B
Cash Flow
Free Cash Flow	249.28M	259.46M	224.82M	224.54M	243.34M	168.22M
Operating Cash Flow	278.84M	276.25M	271.07M	255.91M	244.94M	179.03M
Investing Cash Flow	-362.25M	-59.70M	24.34M	-859.64M	-582.30M	-60.24M
Financing Cash Flow	155.51M	-221.19M	-334.82M	636.00M	254.41M	-28.38M

Broadstone Net Lease Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 17.95
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BNL, the sentiment is Positive. The current price of 17.95 is below the 20-day moving average (MA) of 18.20, above the 50-day MA of 17.87, and above the 200-day MA of 17.02, indicating a bullish trend. The MACD of 0.16 indicates Positive momentum. The RSI at 55.28 is Neutral, neither overbought nor oversold. The STOCH value of 30.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BNL.

Broadstone Net Lease Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WPC	70 Outperform	$14.88B	41.08	4.36%	5.51%	5.59%	-34.75%
UE	66 Neutral	$2.49B	21.41	8.71%	3.99%	5.29%	-60.36%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
BNL	61 Neutral	$3.40B	38.76	3.05%	6.72%	3.87%	-37.59%
AHH	61 Neutral	$545.04M	50.30	4.09%	9.50%	-39.94%	―
GNL	59 Neutral	$2.06B	-7.85	-12.53%	10.29%	-28.94%	-28.24%
BRSP	57 Neutral	$778.40M	―	-3.58%	10.83%	-12.57%	70.50%

Broadstone Net Lease Corporate Events

Broadstone Net Lease Schedules Q4 and 2025 Earnings Release

On January 12, 2026, Broadstone Net Lease, Inc. announced that it would release its financial and operating results for the fourth quarter and full year ended December 31, 2025, after markets close on February 18, 2026, followed by an earnings conference call and audio webcast on February 19, 2026, at 11:00 a.m. Eastern Time. The scheduled release and call will provide investors and analysts with an updated view on the REIT’s performance and portfolio of 759 net leased properties in the U.S. and Canada, marking a key event for stakeholders to assess the company’s operational progress and positioning in the net lease real estate market for 2025.

The most recent analyst rating on (BNL) stock is a Hold with a $19.00 price target. To see the full list of analyst forecasts on Broadstone Net Lease stock, see the BNL Stock Forecast page.

Broadstone Net Lease Issues 2026 Guidance Update

On December 1, 2025, Broadstone Net Lease, Inc. announced a business update and issued guidance for 2026. The company reported significant investment activities in 2025, including $696.7 million in investments and the sale of shares for $11.4 million, with plans to continue this momentum into 2026. The company maintains its 2025 AFFO guidance and expects a 4.0% growth in AFFO for 2026. These updates reflect Broadstone’s strategic focus on disciplined execution and long-term value creation, positioning it well for future growth.

The most recent analyst rating on (BNL) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on Broadstone Net Lease stock, see the BNL Stock Forecast page.

Broadstone Net Lease Unveils Strategic Growth Plans

On December 1, 2025, Broadstone Net Lease, Inc. released its December 2025 investor presentation, highlighting its strategic focus on growth through its in-place portfolio and acquisitions. The presentation, part of their Investor Day event, outlined the company’s plans and financial guidance for 2025 and 2026, emphasizing their commitment to sustainable growth and strong stakeholder relationships.

The most recent analyst rating on (BNL) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on Broadstone Net Lease stock, see the BNL Stock Forecast page.

Broadstone Net Lease Completes MRO Facility at Dayton

On November 4, 2025, Broadstone Net Lease announced the substantial completion of the first maintenance, repair, and overhaul (MRO) facility at Dayton International Airport, which is part of a project supporting the U.S. Air Force. This development is significant as it marks a key milestone in Broadstone’s build-to-suit pipeline, with rent for the facility having commenced on November 1, 2025. Additionally, the company has expanded its pipeline by $21 million with new projects for Hobby Lobby and Academy Sports, expected to be completed in late 2026. These developments reflect Broadstone’s strategic growth in the real estate sector, enhancing its position in the market and potentially benefiting stakeholders through increased rental income and diversified property holdings.

The most recent analyst rating on (BNL) stock is a Buy with a $21.00 price target. To see the full list of analyst forecasts on Broadstone Net Lease stock, see the BNL Stock Forecast page.