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BNL

Broadstone Net Lease, Inc.

BNL

NYSE·Real Estate·REIT - Diversified·Mkt cap $4.0B

$21.25

+2.26%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$15.67 - $21.50

P/E

32.69

Fwd P/E

29.48

Beta

0.98

Div Yield

5.61%

Avg Vol

2.6M

Shares Out

191.6M

Mkt Cap

$4.0B

Price action

Price chart

Up 28.3% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Internal management structure reducing overhead costs and improving operational efficiency
  • Diversified portfolio across five property types and 41 states mitigating concentration risk
  • Rigorous credit analysis and underwriting standards ensuring tenant quality and lease stability
  • Long-term net lease agreements providing predictable, recurring revenue streams
  • Substantial asset base of $4.0 billion enabling scale and market presence

Bear Case

1 risk

  • Average volatility.

Growth

Stable outlook

Acquisition of high-quality single-tenant properties from institutional sellers

Value

Attractively priced below Industrial REITs peer average

Momentum

Strong

+11.6% over 3m

Quality

Stable

Strong fundamentals

Dividend

High yield

5.61% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 28, 2026

Q2 26 RECAP

APR 29, 2026

Reported EPS of $0.24 vs $0.18 consensus (+36.2% surprise). Revenue of $121.4M vs $118.8M expected (+2.2%). Beat on both top and bottom lines.

EPS beat +36.2%
Rev beat +2.2%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+36.2%

Next: Apr 28, 2026

Revenue trend · last 8Q

+7%

-0%

+7%

+5%

+6%

+9%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$105.9M

$108.4M

$112.1M

$111.8M

$113.0M

$114.9M

$119.4M

$121.4M

Margins · last 8Q

Gross

Operating

Profit

38.2%

Wall Street consensus

4 analysts · 50% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

2

50%

Hold

2

50%

Sell

0%

Median Price Target

$22.00

+3.5% vs $21.25

Low $22.00
Median $22.00
High $22.00

Latest: BTIG · Jun 26, 2026

1 analyst covering

vs Industry

How BNL stacks vs REIT - Diversified

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.