Broadstone Net Lease, Inc. (BNL)

NYSE: BNL · Real-Time Price · USD
16.74
+0.07 (0.42%)
Aug 13, 2025, 4:00 PM - Market closed
0.42%
Market Cap 3.31B
Revenue (ttm) 442.20M
Net Income (ttm) 97.71M
Shares Out 197.53M
EPS (ttm) 0.52
PE Ratio 32.26
Forward PE 24.04
Dividend $1.16 (6.93%)
Ex-Dividend Date Sep 30, 2025
Volume 2,355,026
Open 16.77
Previous Close 16.67
Day's Range 16.56 - 16.78
52-Week Range 13.96 - 19.15
Beta 1.02
Analysts Hold
Price Target 18.33 (+9.5%)
Earnings Date Jul 30, 2025

About BNL

BNL is an industrial-focused, diversified net lease REIT that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. Utilizing an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting, as of March 31, 2025, BNL’s diversified portfolio consisted of 769 individual net leased commercial properties with 762 properties located in 44 U.S. states and seven properties located in four Canadian provinces across th... [Read more]

Sector Real Estate
IPO Date Sep 17, 2020
Employees 73
Stock Exchange NYSE
Ticker Symbol BNL
Full Company Profile

Financial Performance

In 2024, Broadstone Net Lease's revenue was $431.80 million, a decrease of -2.50% compared to the previous year's $442.89 million. Earnings were $161.28 million, an increase of 4.10%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for BNL stock is "Hold." The 12-month stock price target is $18.33, which is an increase of 9.50% from the latest price.

Price Target
$18.33
(9.50% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Broadstone Net Lease: Thriving From The Doldrums

BNL trades at a significant discount to peers, offering a compelling opportunity for multiple expansion if market sentiment shifts. Management is proactively addressing capital constraints by explorin...

5 days ago - Seeking Alpha

Broadstone Net Lease, Inc. (BNL) Q2 2025 Earnings Call Transcript

Broadstone Net Lease, Inc. (NYSE:BNL) Q2 2025 Earnings Conference Call July 31, 2025 1:00 PM ET Company Participants Brent Maedl - Corporate Participant John D. Moragne - CEO & Director Kevin M.

13 days ago - Seeking Alpha

Broadstone Net Lease Announces Second Quarter 2025 Results

VICTOR, N.Y.--(BUSINESS WIRE)-- #acquisitions--Broadstone Net Lease Announces Second Quarter 2025 Results.

14 days ago - Business Wire

Broadstone Net Lease Announces Three Additional Build-to-Suit Developments for $61.4 million

VICTOR, N.Y.--(BUSINESS WIRE)-- #acquisitions--Broadstone Net Lease Announces Three Additional Build-to-Suit Developments for $61.4 million.

20 days ago - Business Wire

Broadstone Net Lease: Industrial Portfolio Keeps Getting More And More Relevant

BNL's ongoing shift toward industrial properties is driving strong portfolio growth and improving asset quality, with industrial now nearly 60% of annualized base rent. Despite recent industrial marke...

5 weeks ago - Seeking Alpha

10% And 7% Yields You Can Trust - 2 High-Quality Dividend Machines I'd Buy Today

Many overlook dividend theory, but it's not just about income. It's about capital discipline, smart allocation, and long-term shareholder value. Vanguard's study confirms what I've long believed: divi...

Other symbols: MSDL
5 weeks ago - Seeking Alpha

Broadstone Net Lease Schedules Second Quarter 2025 Earnings Release and Conference Call

VICTOR, N.Y.--(BUSINESS WIRE)-- #acquisitions--Broadstone Net Lease Schedules Second Quarter 2025 Earnings Release and Conference Call.

6 weeks ago - Business Wire

Broadstone Net Lease: High Yield Bargain In Plain Sight

Broadstone Net Lease is a bargain dividend REIT, offering a 7.2% yield and trading at a low forward P/FFO of 10.6, sitting below that of peers. The portfolio shift toward industrial assets and a $500M...

6 weeks ago - Seeking Alpha

U.S. REIT Share Repurchase Activity Doubles In Q1 2025

Share buyback activity by US equity real estate investment trusts more than doubled in the first quarter, according to an analysis by S&P Global Market Intelligence. The US REIT sector bought back aro...

Other symbols: APLEAREBHMBRTDOCGNLHST
2 months ago - Seeking Alpha

Broadstone Net Lease Provides an Update on Recent Business Activity and Participation at Nareit's REITweek 2025 Annual Conference

VICTOR, N.Y.--(BUSINESS WIRE)--Broadstone Net Lease, Inc. (NYSE: BNL) (“Broadstone,” “BNL,” the “Company,” “we,” “our,” or “us”), today provided an update on its recent business activity through June ...

2 months ago - Business Wire

Nothing But Net (Lease REITs)

Net Lease REITs create value by investing at returns above their cost of capital; WACC is a key metric for quality assessment. Top Net Lease REITs like Agree Realty, Essential Properties, Four Corners...

2 months ago - Seeking Alpha

Broadstone Net Lease: High-Yield Rental

We had highlighted the exact conditions required for us to go long Broadstone Net Lease. We got them post Liberation Day. We go over Q1 2025 numbers and our trade.

3 months ago - Seeking Alpha

REIT Roulette: Why I'm Overweight Net Lease

Diversification is key in REIT investing, mirroring my roulette strategy—spread bets across sectors for optimal risk-adjusted returns. Net lease REITs offer stability and steady dividends, outperformi...

Other symbols: ADCOPINEVICI
3 months ago - Seeking Alpha

Retire Like A Boss: 3 Fantastic Dividend Stocks Yielding 7-14%

I recently visited Albania, a country full of contradictions, both beautiful and broken, and it sparked deep reflections on freedom, corruption, and retirement. Despite some shockingly poor conditions...

Other symbols: CTOFSK
3 months ago - Seeking Alpha

3 Little-Known Net Lease REITs To Buy

I've been a net lease investor for over three decades, emphasizing the importance of understanding tenants to avoid owning obsolete properties. Highlighting concerns about the car wash sector's bubble...

Other symbols: DEAPINE
3 months ago - Seeking Alpha

Broadstone Net Lease, Inc. (BNL) Q1 2025 Earnings Call Transcript

Broadstone Net Lease, Inc. (NYSE:BNL) Q1 2025 Earnings Conference Call May 1, 2025 11:00 AM ET Company Participants Brent Maedl - Director of Corporate Finance and IR John Moragne - CEO Ryan Albano -...

3 months ago - Seeking Alpha

Broadstone Net Lease Announces First Quarter 2025 Results

VICTOR, N.Y.--(BUSINESS WIRE)-- #acquisitions--Broadstone Net Lease Announces First Quarter 2025 Results.

3 months ago - Business Wire

Broadstone Net Lease Partners with Prologis, Inc. on a $78.2 Million Build-to-Suit Development

VICTOR, N.Y.--(BUSINESS WIRE)-- #acquisitions--Broadstone Net Lease Partners with Prologis, Inc. on a $78.2 Million Build-to-Suit Development.

3 months ago - Business Wire

3 Bargain Buys Unfairly Sold Off With The Market

The market's inefficiency during erratic price movements creates opportunities to invest in fundamentally sound stocks with lower multiples. Focus on companies with price drops due to multiple contrac...

Other symbols: CSRDEA
3 months ago - Seeking Alpha

Cash COWs: 11 High-Yield REITs

Now is a good time to invest in REITs due to low inflation, expected rate cuts, and a bullish technical trend. Analyst upgrades on REITs outnumber downgrades, and many quality REITs offer higher-than-...

4 months ago - Seeking Alpha

Broadstone Net Lease Schedules First Quarter 2025 Earnings Release and Conference Call

VICTOR, N.Y.--(BUSINESS WIRE)-- #acquisitions--Broadstone Net Lease Schedules First Quarter 2025 Earnings Release and Conference Call.

4 months ago - Business Wire

Broadstone Net Lease Is Still Underrated, I'm Buying

BNL is a promising 'turn-around' REIT, shifting its focus from healthcare to industrial and retail properties for long-term value creation. BNL has made significant progress, reducing clinical and sur...

4 months ago - Seeking Alpha

Retirement Income: I'm Seeking Treasure In These 7-9% Yields

Income investing can be like treasure hunting in many ways. I detail 2 great income picks that offer high yields that are well-covered by cashflow. Both carry investment grade credit ratings and offer...

4 months ago - Seeking Alpha

Buy These Smart 7-10% Yields For Retirement Income

Investing $1 million in the S&P 500 yields $12,100 annually. This may necessitate principal withdrawals for higher living expenses, which is risky in volatile markets like the current one. Morgan Stan...

Other symbols: ARCCBXSLMSMSDLOWPC
5 months ago - Seeking Alpha

Broadstone Net Lease Announces $1.5 Billion of Extended and Increased Credit Facilities

VICTOR, N.Y.--(BUSINESS WIRE)-- #commercialrealestate--Broadstone Net Lease Announces $1.5 Billion of Extended and Increased Credit Facilities.

5 months ago - Business Wire