(BNL) Broadstone Net Lease - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US11135E2037
Stock: Industrial, Retail, Logistics, Warehouse, Office
Total Rating 44
Risk 63
Buy Signal -0.20
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 6.80% |
| Yield on Cost 5y | 8.73% |
| Yield CAGR 5y | 3.14% |
| Payout Consistency | 94.8% |
| Payout Ratio | 3.2% |
| Risk 5d forecast | |
|---|---|
| Volatility | 21.2% |
| Relative Tail Risk | -2.90% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.19 |
| Alpha | 23.30 |
| Character TTM | |
|---|---|
| Beta | 0.358 |
| Beta Downside | 0.483 |
| Drawdowns 3y | |
|---|---|
| Max DD | 20.90% |
| CAGR/Max DD | 0.48 |
Description: BNL Broadstone Net Lease January 11, 2026
Broadstone Net Lease Inc. (NYSE: BNL) is a diversified, industrial-focused net-lease REIT that acquires single-tenant commercial properties under long-term net leases. As of September 30 2025, its portfolio comprised 759 properties-752 in 44 U.S. states and seven in four Canadian provinces-spanning industrial, retail, and other asset classes, and is underpinned by rigorous credit analysis and real-estate underwriting.
Key operational metrics (Q2 2025): occupancy ≈ 97 %, average lease term ≈ 12 years, and a leverage ratio of 38 % (net debt to total assets). The REIT’s FFO grew 5.2 % YoY, driven by robust e-commerce-related industrial demand and a low-vacancy environment that supports rent escalations. Macro-level, the sector’s performance is highly sensitive to interest-rate trends; a 100-basis-point rise in 10-year Treasury yields could compress cap rates and pressure valuation multiples.
For a deeper dive into BNL’s valuation dynamics and scenario analysis, consider exploring the detailed model on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: 89.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.15 > 1.0 |
| NWC/Revenue: 9.10% < 20% (prev -16.68%; Δ 25.78% < -1%) |
| CFO/TA 0.05 > 3% & CFO 278.8m > Net Income 89.8m |
| Net Debt (2.30b) to EBITDA (362.3m): 6.35 < 3 |
| Current Ratio: 1.19 > 1.5 & < 3 |
| Outstanding Shares: last quarter (197.6m) vs 12m ago 0.36% < -2% |
| Gross Margin: 94.76% > 18% (prev 0.86%; Δ 9391 % > 0.5%) |
| Asset Turnover: 8.31% > 50% (prev 8.14%; Δ 0.17% > 0%) |
| Interest Coverage Ratio: 2.21 > 6 (EBITDA TTM 362.3m / Interest Expense TTM 89.0m) |
Altman Z'' -0.30
| A: 0.01 (Total Current Assets 260.4m - Total Current Liabilities 219.6m) / Total Assets 5.52b |
| B: -0.11 (Retained Earnings -597.6m / Total Assets 5.52b) |
| C: 0.04 (EBIT TTM 197.0m / Avg Total Assets 5.39b) |
| D: -0.23 (Book Value of Equity -578.4m / Total Liabilities 2.51b) |
| Altman-Z'' Score: -0.30 = B |
Beneish M -3.58
| DSRI: 1.06 (Receivables 178.4m/160.5m, Revenue 448.0m/428.4m) |
| GMI: 0.90 (GM 94.76% / 85.59%) |
| AQI: 0.13 (AQ_t 0.12 / AQ_t-1 0.96) |
| SGI: 1.05 (Revenue 448.0m / 428.4m) |
| TATA: -0.03 (NI 89.8m - CFO 278.8m) / TA 5.52b) |
| Beneish M-Score: -3.58 (Cap -4..+1) = AAA |
What is the price of BNL shares?
As of February 07, 2026, the stock is trading at USD 19.26 with a total of 1,149,912 shares traded.
Over the past week, the price has changed by +4.05%, over one month by +8.63%, over three months by +10.15% and over the past year by +30.53%.
Over the past week, the price has changed by +4.05%, over one month by +8.63%, over three months by +10.15% and over the past year by +30.53%.
Is BNL a buy, sell or hold?
Broadstone Net Lease has received a consensus analysts rating of 3.55.
Therefor, it is recommend to hold BNL.
- StrongBuy: 2
- Buy: 3
- Hold: 5
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the BNL price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 20.2 | 4.8% |
| Analysts Target Price | 20.2 | 4.8% |
| ValueRay Target Price | 21.3 | 10.7% |
BNL Fundamental Data Overview February 03, 2026
P/E Trailing = 39.383
P/E Forward = 27.1739
P/S = 8.1655
P/B = 1.205
Revenue TTM = 448.0m USD
EBIT TTM = 197.0m USD
EBITDA TTM = 362.3m USD
Long Term Debt = 2.24b USD (from longTermDebt, last quarter)
Short Term Debt = 95.8m USD (from shortTermDebt, last quarter)
Debt = 2.38b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.30b USD (from netDebt column, last quarter)
Enterprise Value = 5.96b USD (3.66b + Debt 2.38b - CCE 82.0m)
Interest Coverage Ratio = 2.21 (Ebit TTM 197.0m / Interest Expense TTM 89.0m)
EV/FCF = 23.90x (Enterprise Value 5.96b / FCF TTM 249.3m)
FCF Yield = 4.18% (FCF TTM 249.3m / Enterprise Value 5.96b)
FCF Margin = 55.64% (FCF TTM 249.3m / Revenue TTM 448.0m)
Net Margin = 20.04% (Net Income TTM 89.8m / Revenue TTM 448.0m)
Gross Margin = 94.76% ((Revenue TTM 448.0m - Cost of Revenue TTM 23.5m) / Revenue TTM)
Gross Margin QoQ = 94.57% (prev none%)
Tobins Q-Ratio = 1.08 (Enterprise Value 5.96b / Total Assets 5.52b)
Interest Expense / Debt = 1.19% (Interest Expense 28.2m / Debt 2.38b)
Taxrate = 0.76% (208.0k / 27.3m)
NOPAT = 195.5m (EBIT 197.0m * (1 - 0.76%))
Current Ratio = 1.19 (Total Current Assets 260.4m / Total Current Liabilities 219.6m)
Debt / Equity = 0.83 (Debt 2.38b / totalStockholderEquity, last quarter 2.88b)
Debt / EBITDA = 6.35 (Net Debt 2.30b / EBITDA 362.3m)
Debt / FCF = 9.22 (Net Debt 2.30b / FCF TTM 249.3m)
Total Stockholder Equity = 2.94b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.66% (Net Income 89.8m / Total Assets 5.52b)
RoE = 3.06% (Net Income TTM 89.8m / Total Stockholder Equity 2.94b)
RoCE = 3.80% (EBIT 197.0m / Capital Employed (Equity 2.94b + L.T.Debt 2.24b))
RoIC = 3.89% (NOPAT 195.5m / Invested Capital 5.02b)
WACC = 4.84% (E(3.66b)/V(6.04b) * Re(7.23%) + D(2.38b)/V(6.04b) * Rd(1.19%) * (1-Tc(0.01)))
Discount Rate = 7.23% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.32%
[DCF Debug] Terminal Value 86.45% ; FCFF base≈247.9m ; Y1≈250.7m ; Y5≈271.4m
Fair Price DCF = 30.58 (EV 8.09b - Net Debt 2.30b = Equity 5.79b / Shares 189.2m; r=5.90% [WACC]; 5y FCF grow 0.77% → 2.90% )
EPS Correlation: -44.11 | EPS CAGR: -46.09% | SUE: -1.75 | # QB: 0
Revenue Correlation: 66.32 | Revenue CAGR: 5.73% | SUE: 0.71 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.18 | Chg30d=+0.007 | Revisions Net=+1 | Analysts=2
EPS next Year (2026-12-31): EPS=0.71 | Chg30d=+0.001 | Revisions Net=+0 | Growth EPS=+21.6% | Growth Revenue=+7.9%
P/E Forward = 27.1739
P/S = 8.1655
P/B = 1.205
Revenue TTM = 448.0m USD
EBIT TTM = 197.0m USD
EBITDA TTM = 362.3m USD
Long Term Debt = 2.24b USD (from longTermDebt, last quarter)
Short Term Debt = 95.8m USD (from shortTermDebt, last quarter)
Debt = 2.38b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.30b USD (from netDebt column, last quarter)
Enterprise Value = 5.96b USD (3.66b + Debt 2.38b - CCE 82.0m)
Interest Coverage Ratio = 2.21 (Ebit TTM 197.0m / Interest Expense TTM 89.0m)
EV/FCF = 23.90x (Enterprise Value 5.96b / FCF TTM 249.3m)
FCF Yield = 4.18% (FCF TTM 249.3m / Enterprise Value 5.96b)
FCF Margin = 55.64% (FCF TTM 249.3m / Revenue TTM 448.0m)
Net Margin = 20.04% (Net Income TTM 89.8m / Revenue TTM 448.0m)
Gross Margin = 94.76% ((Revenue TTM 448.0m - Cost of Revenue TTM 23.5m) / Revenue TTM)
Gross Margin QoQ = 94.57% (prev none%)
Tobins Q-Ratio = 1.08 (Enterprise Value 5.96b / Total Assets 5.52b)
Interest Expense / Debt = 1.19% (Interest Expense 28.2m / Debt 2.38b)
Taxrate = 0.76% (208.0k / 27.3m)
NOPAT = 195.5m (EBIT 197.0m * (1 - 0.76%))
Current Ratio = 1.19 (Total Current Assets 260.4m / Total Current Liabilities 219.6m)
Debt / Equity = 0.83 (Debt 2.38b / totalStockholderEquity, last quarter 2.88b)
Debt / EBITDA = 6.35 (Net Debt 2.30b / EBITDA 362.3m)
Debt / FCF = 9.22 (Net Debt 2.30b / FCF TTM 249.3m)
Total Stockholder Equity = 2.94b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.66% (Net Income 89.8m / Total Assets 5.52b)
RoE = 3.06% (Net Income TTM 89.8m / Total Stockholder Equity 2.94b)
RoCE = 3.80% (EBIT 197.0m / Capital Employed (Equity 2.94b + L.T.Debt 2.24b))
RoIC = 3.89% (NOPAT 195.5m / Invested Capital 5.02b)
WACC = 4.84% (E(3.66b)/V(6.04b) * Re(7.23%) + D(2.38b)/V(6.04b) * Rd(1.19%) * (1-Tc(0.01)))
Discount Rate = 7.23% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.32%
[DCF Debug] Terminal Value 86.45% ; FCFF base≈247.9m ; Y1≈250.7m ; Y5≈271.4m
Fair Price DCF = 30.58 (EV 8.09b - Net Debt 2.30b = Equity 5.79b / Shares 189.2m; r=5.90% [WACC]; 5y FCF grow 0.77% → 2.90% )
EPS Correlation: -44.11 | EPS CAGR: -46.09% | SUE: -1.75 | # QB: 0
Revenue Correlation: 66.32 | Revenue CAGR: 5.73% | SUE: 0.71 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.18 | Chg30d=+0.007 | Revisions Net=+1 | Analysts=2
EPS next Year (2026-12-31): EPS=0.71 | Chg30d=+0.001 | Revisions Net=+0 | Growth EPS=+21.6% | Growth Revenue=+7.9%