BNL Broadstone Net Lease, Inc. - Fundamental Analysis
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BNL Stock | Fundamental Analysis & Investment Insights
NYSE
Real Estate
REIT - Diversified
Current Price
Live
$18.53
Analyst Target
$20.18
+8.9%
Upside
52W High
$18.87
52W Low
$13.96
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated Jan 24, 2026
Market cap
$3.66B
P/E
39.43
ROE
3.0%
Profit margin
20.0%
Debt/Equity
0.78
Dividend yield
6.3%
AI Analysis
Powered by advanced machine learning algorithms
Confidence Score
65%
Analysis Accuracy
BNL has a Piotroski F-Score of 6/9, indicating stable financial health, but lacks an Altman Z-Score for distress risk assessment. The stock trades at a significant premium to its Graham Number of $12.7, with a current price of $18.53, supported by a high dividend yield of 6.3% despite a concerning payout ratio of 246.81%. While profitability margins are strong, earnings growth is negative and inconsistent, with recent quarters missing estimates by wide margins. Analysts recommend a 'buy' with a target of $20.18, but technical trends and insider sentiment are weak, suggesting caution despite sector-relative stability.
Key Strengths
Piotroski F-Score of 6 indicates stable financial health
High gross margin (94.77%) and operating margin (50.85%) reflect strong pricing power and cost control
Dividend yield of 6.3% is attractive in the current rate environment
Debt/Equity of 0.78 is well below sector average of 3.33, indicating conservative leverage
Current and quick ratios above 2.8 suggest strong short-term liquidity
Key Risks
Payout ratio of 246.81% raises sustainability concerns for the dividend
Earnings growth YoY is -26.40%, with Q/Q EPS down -25.70%, indicating deteriorating profitability
Last four quarters have consistently missed earnings estimates, averaging a -34.41% surprise
Technical trend score of 10/100 signals strong bearish momentum near term
Insider sentiment is weak at 40/100, suggesting lack of confidence from company insiders
AI Fair Value Estimate
Based on comprehensive analysis
$12.7
-31.5% below current price
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
53
Moderate
45
38
60
70
50
AI Verdict
Cautiously Neutral
Key drivers: Stable Piotroski score and strong margins, High valuation multiples and deteriorating earnings, Unsustainable dividend payout, Bearish technicals and weak insider sentiment
Confidence
65%
Value
45/100
Ref P/E, PEG, Graham Number
Positives
- Price/Book of 1.22 is reasonable for a REIT
- Below sector average P/E of 51.09
Watchpoints
- P/E of 39.43 is high for a company with negative earnings growth
- Stock trades at 46% premium to Graham Number of $12.7
- Forward P/E of 26.22 still elevated given weak growth outlook
Future
38/100
Ref Growth rates
Positives
- Analyst target price implies 8.9% upside to $20.18
- Revenue growth of 5.3% YoY is positive
Watchpoints
- Earnings growth YoY is -26.40%
- Q/Q earnings growth is -25.70%
- Last four quarters missed estimates by double-digit percentages
Past
60/100
Ref Historical trends
Positives
- 5Y price return of +35.3% outperforms many peers
- Historically strong earnings surprises in 2021–2023
Watchpoints
- Recent performance shows reversal in earnings quality
- Volatility in quarterly results with large misses in 2024–2025
Health
70/100
Ref Altman Z-Score, Piotroski F-Score
Positives
- Piotroski F-Score of 6 indicates stable financial condition
- Current ratio of 2.88 and quick ratio of 2.86 show strong liquidity
- Debt/Equity of 0.78 is well below sector average
Watchpoints
- Altman Z-Score not available, limiting distress risk assessment
- ROE of 2.99% and ROA of 2.64% are low despite high margins
Dividend
50/100
Ref Yield, Payout
Positives
- Dividend yield of 6.3% is attractive
Watchpoints
- Payout ratio of 246.81% is unsustainable
- Dividend strength score of 40/100 indicates high risk
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$18.53
Analyst Target
$20.18
Upside/Downside
+8.9%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for BNL and closest competitors.
Updated 2026-01-23
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
BNL
Broadstone Net Lease, Inc.
Primary
|
+35.3% | +30.8% | +25.2% | +20.6% | +7.7% | -1.0% |
|
APLE
Apple Hospitality REIT, Inc.
Peer
|
+23.4% | -12.2% | -12.8% | +2.0% | +2.6% | -0.5% |
|
AKR
Acadia Realty Trust
Peer
|
+58.5% | +49.7% | -8.0% | +8.6% | -3.6% | -5.0% |
|
ARR
ARMOUR Residential REIT, Inc.
Peer
|
-28.0% | +2.9% | +18.2% | +19.0% | +5.9% | -4.0% |
|
ABR
Arbor Realty Trust, Inc.
Peer
|
-7.8% | -22.3% | -34.2% | -32.0% | -2.4% | -6.4% |
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
39.43
Forward P/E
26.22
PEG Ratio
N/A
P/B Ratio
1.22
P/S Ratio
8.17
EV/Revenue
13.14
EV/EBITDA
15.43
Market Cap
$3.66B
Profitability
Profit margins and return metrics
Profit Margin
20.04%
Operating Margin
50.85%
Gross Margin
94.77%
ROE
2.99%
ROA
2.64%
Growth
Revenue and earnings growth rates
Revenue Growth
+5.3%
Earnings Growth
-26.4%
Q/Q Revenue Growth
N/A
Q/Q Earnings Growth
-25.7%
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
0.78
Moderate
Current Ratio
2.88
Strong
Quick Ratio
2.86
Excellent
Cash/Share
$0.54
Quarterly Earnings History
EPS performance vs analyst estimates
2026-02-18
$N/A
2025-10-29
$0.14
-19.1% surprise
2025-07-30
$0.12
-34.8% surprise
2025-04-30
$0.09
-49.3% surprise
Real Estate Sector Comparison
Comparing BNL against 56 companies in the Real Estate sector
(1 bullish, 9 neutral, 46 bearish)
P/E Ratio
39.43
This Stock
vs
48.41
Sector Avg
-18.6%
(Discount)
Return on Equity (ROE)
2.99%
This Stock
vs
-78.05%
Sector Avg
-103.8%
(Below Avg)
Profit Margin
20.04%
This Stock
vs
26.54%
Sector Avg
-24.5%
(Weaker)
Debt to Equity
0.78
This Stock
vs
3.27
Sector Avg
-76.1%
(Less Debt)
Revenue Growth
5.3%
This Stock
vs
1826.76%
Sector Avg
-99.7%
(Slower)
Current Ratio
2.88
This Stock
vs
8.06
Sector Avg
-64.3%
(Weaker)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
BNL
Broadstone Net Lease, Inc.
|
NEUTRAL | $3.66B | 39.43 | 3.0% | 20.0% | $18.53 | |
|
APLE
Apple Hospitality REIT, Inc.
|
BEARISH | $2.92B | 16.88 | 5.4% | 12.4% | $12.32 | |
|
AKR
Acadia Realty Trust
|
BEARISH | $2.83B | 153.77 | -1.7% | 4.5% | $19.99 | |
|
ARR
ARMOUR Residential REIT, Inc.
|
BEARISH | $2.07B | 96.63 | 3.7% | 55.3% | $18.36 | |
|
ABR
Arbor Realty Trust, Inc.
|
BEARISH | $1.64B | 10.05 | 6.6% | 35.1% | $7.74 |
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
BUY
11 analysts
Morgan Stanley
2025-12-29
Equal-Weight
Equal-Weight
BTIG
2025-12-05
Buy
Buy
Citizens
2025-12-02
Market Outperform
Market Outperform
Truist Securities
2025-11-25
Hold
Hold
Cantor Fitzgerald
2025-10-01
Overweight
BTIG
2025-10-01
Buy
Buy
JMP Securities
2025-09-29
Market Outperform
Market Outperform
Keybanc
2025-08-19
Sector Weight
Overweight
UBS
2025-08-15
Neutral
Neutral
Wolfe Research
2025-07-28
Peer Perform
Outperform
Past News Coverage
Recent headlines mentioning BNL from our newsroom.
Newest → oldest
No matching news yet.