Broadstone Net Lease, Inc. (BNL) AI Stock Analysis

Broadstone Net Lease, Inc. operates as an internally-managed REIT specializing in the acquisition, ownership, and management of predominantly single-tenant commercial real estate properties. Properties are leased on a long-term basis under net lease agreements to various tenants. Its investment framework applies credit analysis and real estate underwriting to generate sustainable income. As of September 30, 2020, its portfolio included 627 properties across 41 U.S. states and one in Canada, with an aggregate gross asset value of approximately $4.0 billion. The holdings span industrial, healthcare, restaurant, office, and retail property types.

Revenue increased from $383.2M in FY2021 to $459.1M in FY2025, recording a 5-year revenue CAGR of 7.2%. In FY2024, revenue fell 2.1% to $438.8M before rebounding 4.6% in FY2025. Operating margins remained steady, finishing at 49.7% in FY2025 alongside net income of $102.9M and an EPS of $0.74. Free cash flow reached $269.8M in FY2025, up from $243.3M in FY2021. For the trailing twelve months ending June 30, 2026, revenue stood at $476.2M with a profit margin of 30.6%. In the latest quarter, revenue grew 8.3% year-over-year and quarterly earnings grew 95.7%.

As of June 30, 2026, Broadstone Net Lease held $11.1M in cash and short-term investments against total debt of $2.73B, resulting in net debt of $2.71B. Total assets stood at $5.87B compared to shareholders' equity of $2.88B, yielding a debt-to-equity ratio of 0.95 and a current ratio of 22.61. In FY2025, operating cash flow was $299.5M. The company directed capital toward $29.7M in capital expenditures and paid $218.8M in dividends, while raising $37.9M via share issuance.

BNL closed at $18.13 on October 16, 2026, giving it a market cap of $3.86B and an enterprise value of $6.29B. The stock trades at a trailing P/E of 23.9x and a forward P/E of 24.6x, compared to 21.6x and 23.5x for the median of its US-listed Real Estate peers. Its price-to-sales multiple is 8.1x, above the peer median of 3.7x, while its EV-to-EBITDA ratio matches the peer median at 14.7x. Over the past year, BNL shares gained 3.9%, trailing the S&P 500 return of 16.8%.

Broadstone Net Lease pays a quarterly dividend with an annualized forward payout of $1.17, delivering a dividend yield of 6.45%. Its payout ratio stands at 101.9%. The company has paid dividends for 7 consecutive years, though its 5-year annualized dividend growth declined 5.5%. The most recent ex-dividend date occurred on September 30, 2026.

Wall Street coverage includes 7 Strong Buy, 1 Buy, and 3 Hold ratings, with no Sell ratings. The mean price target is $23.60, representing a 30.2% premium over the last close of $18.13. For FY2026, consensus estimates project EPS of $0.74 on revenue of $492.0M. For FY2027, 6 analysts anticipate revenue of $543.5M and EPS of $0.67. BNL exceeded EPS estimates in 3 of the last 4 quarters, with next earnings scheduled for October 28, 2026.

This page is an AI-written research summary of Broadstone Net Lease, Inc. (BNL). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: BNL income statement, BNL balance sheet, BNL key metrics, BNL analyst forecast, BNL chart. See the BNL stock overview for the latest quote and news.