Broadstone Net Lease
BNL
Market cap $3.23B

17.07 USD

+0.27

1.61%

Updated Mar 26, 1:05 PM EDT

1 day

1.61%

5 days

-0.81%

1 month

2.58%

3 months

5.63%

6 months

-8.86%

Year to date

8.80%

1 year

12.45%

5 years

4.72%

10 years

4.72%

About: Broadstone Net Lease Inc is an internally managed real estate investment trust that invests in, owns, and manages single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The company has selectively invested in net leased assets in the industrial, healthcare, restaurant, retail, and office property types. The company focuses on investing in real estate that is operated by creditworthy single tenants in industries characterized by positive business drivers and trends. The company targets properties that are an integral part of the tenants' businesses and are therefore opportunities to secure long-term net leases.

Employees: 73

Financials Real Estate Investment Trusts

0

Funds holding %

of 7,390 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

223% more call options, than puts

Call options by funds: $3.03M | Put options by funds: $937K

158% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 19

31% more repeat investments, than reductions

Existing positions increased: 119 | Existing positions reduced: 91

8% more funds holding

Funds holding: 283 [Q3] → 307 (+24) [Q4]

0.95% more ownership

Funds ownership: 81.84% [Q3] → 82.79% (+0.95%) [Q4]

15% less capital invested

Capital invested by funds: $2.93B [Q3] → $2.48B (-$451M) [Q4]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q3] → 3 (-1) [Q4]

See Fund Rankings

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$21

23%

upside

Avg. target

$21

23%

upside

High target

$21

23%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

Citizens Capital Markets

Mitch Germain

67% 1-year accuracy

28 / 42 met price target

23%upside

$21

Market Outperform

Reiterated

21 Feb 2025

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about BNL published over the past 30 days

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 Stanley Direct Lending offers a 10% dividend yield, focusing on non-cyclical industries with a well-diversified, primarily first-lien loan portfolio and low leverage. Broadstone Net Lease provides a 6.9% yield with a diversified property portfolio, long lease terms, stable AFFO growth, and a strong balance sheet.

Buy These Smart 7-10% Yields For Retirement Income

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.

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

Buried Treasures: 4 Dramatically Undervalued REITs

REITs are highly attractive now due to stable or falling interest rates and low inflation, with many offering strong yields while being undervalued. This article identifies 27 REITs yielding at least 75 basis points above the no-risk rate on Treasuries, while selling at discounts of 20% or greater to their Target Fair Value. The list is then screened for dividend safety, to eliminate sucker yields, and for stable revenues, excluding those with flat or declining FFO/share.

Buried Treasures: 4 Dramatically Undervalued REITs

Bad Vibes, Positive Results

US equity markets slumped this week - while benchmark interest rates tumbled to two-month lows - after downbeat economic data and cautious corporate commentary sparked concern over slowing economic growth. Compounded by some unsettling COVID-related headlines late in the week, investors adopted a more "risk off" position after consumer and business survey data picked up a sudden negative sentiment shift. After notching a pair of record-highs early in the week, a two-day tumble sent the S&P 500 lower by 1.6% on the week. Small-Caps and Mid-Caps both dipped over 3%.

Bad Vibes, Positive Results

Broadstone Net Lease And W. P. Carey: Diverging Multiples Create A Compelling Opportunity To Swap

Sector rotation in commercial real estate shows industrial making a comeback, while data centers may have peaked, affecting net lease REITs like BNL and WPC. BNL's AFFO multiple has compressed to 10x, while WPC's multiple expanded to 12.5x after strong earnings, creating a valuation gap. BNL and WPC have similar portfolios and metrics, making them direct comparables; BNL's current undervaluation presents a potential 12.5% upside.

Broadstone Net Lease And W. P. Carey: Diverging Multiples Create A Compelling Opportunity To Swap

Broadstone Net Lease's Q4 Earnings: Detachment Between Sentiment And Fundamentals Has Occurred

Broadstone Net Lease's Q4 Earnings: Detachment Between Sentiment And Fundamentals Has Occurred

Broadstone Net Lease's Q4 Earnings: Detachment Between Sentiment And Fundamentals Has Occurred

The Motley Fool

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Broadstone Net Lease, Inc. (BNL) Q4 2024 Earnings Call Transcript

Broadstone Net Lease, Inc. (NYSE:BNL ) Q4 2024 Earnings Conference Call February 20, 2025 1:00 PM ET Company Participants Brent Maedl - Directorm Corporate Finance & IR John Moragne - CEO & Director Ryan Albano - President & COO Kevin Fennell - EVP, CFO & Treasurer Conference Call Participants Anthony Paolone - JPMorgan Eric Borden - BMO Upal Rana - KeyBanc Capital Markets Jay Kornreich - Wedbush Securities Michael Gorman - BTIG Michael Goldsmith - UBS Spenser Allaway - Green Street Caitlin Burrows - Goldman Sachs Ronald Kamdem - Morgan Stanley Operator Hello, and welcome to Broadstone Net Lease's Fourth Quarter 2024 Earnings Conference Call. My name is Emily, and I'll be your operator today.

Broadstone Net Lease, Inc. (BNL) Q4 2024 Earnings Call Transcript

Zacks Investment Research

Broadstone Net Lease, Inc. (BNL) Matches Q4 FFO Estimates

Broadstone Net Lease, Inc. (BNL) came out with quarterly funds from operations (FFO) of $0.36 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.36 per share a year ago.

Broadstone Net Lease, Inc. (BNL) Matches Q4 FFO Estimates

Broadstone Net Lease Announces Fourth Quarter and Full Year 2024 Results

VICTOR, N.Y.--(BUSINESS WIRE)-- #acquisitions--Broadstone Net Lease Announces Fourth Quarter and Full Year 2024 Results.

Broadstone Net Lease Announces Fourth Quarter and Full Year 2024 Results

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