Broadstone Net Lease (BNL) AI Stock Analysis

• Market Cap: $3.41B
• Dividend Yield: 6.54%
• Average Volume (3M): 1.80M
• Price to Earnings (P/E): 38.9
• Beta (1Y): 0.28
• 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: 1,756,732
• 30 Day Avg. Volume: 1,796,337
• 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: 1.75
• Enterprise Value/Revenue: 13.33
• Enterprise Value/Gross Profit: 18.86
• Enterprise Value/Ebitda: 18.22
• 1Y Price Target: $20.71
• Price Target Upside: 16.48% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): 0.57
• Revenue Forecast (FY): $448.35M

• Rating: 72 Outperform
• Price Target: $19.50 ▲(9.67% Upside)

Broadstone Net Lease's strong financial performance and positive earnings call sentiment are the most significant factors driving the score. The company's efficient cash flow management and high dividend yield provide a solid foundation for future growth. However, technical indicators suggest short-term bearish momentum, and the stock's high P/E ratio raises valuation concerns.

Positive Factors

Strong Cash Flow Management

Efficient cash flow management ensures BNL can sustain operations and fund growth initiatives, providing long-term financial stability.

Successful Investment Strategy

Strategic investments in high-yield properties enhance BNL's portfolio, supporting revenue growth and competitive positioning over time.

High Tenant Collection

Reliable rent collection from high-quality tenants ensures stable cash flows, reinforcing BNL's financial health and investment appeal.

Negative Factors

Declining Net Profit Margin

A declining net profit margin indicates pressure on profitability, which could affect BNL's ability to generate returns and fund future growth.

Limited Product Supply

Limited supply and competition in the property market may hinder BNL's growth strategy, affecting its ability to expand its portfolio effectively.

Potential Need for Capital Recycling

Reliance on asset sales for capital could impact BNL's long-term asset base and growth potential, introducing financial uncertainty.

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 exhibits strong financial health with high profitability and efficient cash flow management. While there are some concerns regarding the declining net profit margin and return on equity, the company's stable balance sheet and positive cash flow trends provide a solid foundation for future growth.

Income Statement

Broadstone Net Lease shows strong profitability with consistently high gross profit margins around 94-95% and solid EBIT margins. However, the net profit margin has decreased in the TTM period compared to the previous year, indicating some pressure on net income. Revenue growth has been modest, with a slight decline in the most recent annual report but a positive trend in the TTM period.

Balance Sheet

The company's debt-to-equity ratio remains manageable, indicating a balanced approach to leveraging. However, the return on equity has seen a decline in the TTM period, suggesting reduced efficiency in generating returns from equity. The equity ratio is stable, reflecting a solid capital structure.

Cash Flow

Broadstone Net Lease demonstrates strong cash flow management with a high free cash flow to net income ratio, indicating efficient conversion of income into cash. The operating cash flow to net income ratio is robust, although it has decreased in the TTM period. Free cash flow growth is positive, showing improvement in cash generation capabilities.

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	316.55M	407.06M	420.31M	385.74M	364.42M	304.16M
EBITDA	327.63M	369.07M	380.89M	348.37M	328.01M	272.45M
Net Income	45.20M	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	4.66B	14.85M	19.49M	21.79M	21.67M	100.49M
Total Debt	0.00	1.91B	1.91B	2.02B	1.76B	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	272.40M	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	-363.31M	-59.70M	24.34M	-859.64M	-582.30M	-60.24M
Financing Cash Flow	156.57M	-221.19M	-334.82M	636.00M	254.41M	-28.38M

Broadstone Net Lease Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 17.78
• 50DMA: Negative
• 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 Negative. The current price of 17.78 is below the 20-day moving average (MA) of 18.34, below the 50-day MA of 18.26, and above the 200-day MA of 16.35, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 40.08 is Neutral, neither overbought nor oversold. The STOCH value of 31.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BNL.

Broadstone Net Lease Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BNL	72 Outperform	$3.41B	38.93	3.05%	6.54%	3.87%	-37.59%
WPC	72 Outperform	$14.57B	40.23	4.36%	5.40%	5.59%	-34.75%
UE	72 Outperform	$2.53B	21.73	8.71%	3.96%	5.29%	-60.36%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
AHH	56 Neutral	$519.43M	47.93	4.09%	10.05%	-39.94%	―
GNL	52 Neutral	$1.67B	―	-12.54%	10.64%	-28.94%	-27.78%
BRSP	52 Neutral	$695.37M	―	-3.58%	11.99%	-12.57%	70.50%

Broadstone Net Lease Corporate Events

Broadstone Net Lease Reports Strong Q3 2025 Performance

Broadstone Net Lease, Inc. is a real estate investment trust (REIT) that focuses on acquiring and managing single-tenant commercial properties across the industrial, retail, and other sectors, primarily in the United States and Canada. The company is known for its diversified portfolio and long-term net lease agreements.

Broadstone Net Lease to Announce Q3 2025 Results

On October 6, 2025, Broadstone Net Lease announced it will release its financial and operating results for the third quarter of 2025 on October 29, 2025. The company will hold an earnings conference call and webcast on October 30, 2025, to discuss these results, providing stakeholders with insights into its financial performance and operational strategies.

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.

Broadstone Net Lease Closes $350M Senior Notes Offering

On September 26, 2025, Broadstone Net Lease, LLC successfully closed a $350 million public offering of 5.000% Senior Notes due 2032, guaranteed by Broadstone Net Lease, Inc. This strategic financial move is expected to strengthen the company’s capital structure and enhance its ability to manage existing and future unsecured indebtedness, potentially impacting its market position and stakeholder confidence positively.

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.

Broadstone Net Lease’s Earnings Call: Growth Amid Challenges

Broadstone Net Lease, Inc. recently held its earnings call, revealing a strong sentiment of growth and strategic success, tempered by challenges in tenant credit and market competition. The company showcased its robust AFFO growth and strategic repositioning, while also addressing potential risks and pressures in the market.

Broadstone Net Lease Reports Q2 2025 Earnings

Broadstone Net Lease, Inc. is a real estate investment trust (REIT) focused on acquiring and managing single-tenant commercial properties in the industrial and retail sectors across the United States and Canada. The company employs a diversified investment strategy to maintain a robust portfolio.