Inside the research
Broadstone Net Lease, Inc.
BNL Research profile · latest available data
Price overview
$18.91
▲ +0.01 (+0.1%)
| 52w hi | $22.84 |
|---|---|
| 52w lo | $16.48 |
| Vol | 1.26M |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.25
| Short | -0.17 |
|---|---|
| Medium | -0.34 |
| Long | -0.23 |
computed 2026-09-27
Key fundamentals
Broadstone Net Lease, Inc.
Real Estate · REIT - Diversified
| Market cap | $4.03B |
|---|---|
| Enterprise value | $6.41B |
| Trailing P/E | 24.88x |
| Forward P/E | 25.83x |
| EV / EBITDA | 15.80x |
| P / S (ttm) | 8.45x |
| Profit margin | 30.6% |
| Return on equity | 4.9% |
| Revenue growth | +8.3% |
| Earnings growth | +95.7% |
| Debt / equity | 89.33 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.21 | |
| Sector | -0.04 | |
| Technical | -0.19 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Broadstone Net Lease, Inc. 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 June 30, 2026, BNL's diversified portfolio consisted of 766 individual net leased commercial properties with 759 properties located in 44 U.S. states and seven properties located in four Canadian provinces across the industrial, retail, and other property types. Broadstone Net Lease, Inc. was established and incorporated on October 18th, 2017, in Maryland and is based in Victor, New York.
Risk Metrics
| Beta vs SPX | 0.31 |
|---|---|
| Corr SPX | 0.25 |
| Annual vol | 19.7% |
| Annual ret | +2.4% |
| Sharpe | 0.12 |
| Max DD | -22.3% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-10 | Other Material Event, Exhibits | read |
| 2026-07-29 | Material Obligation, Exhibits | read |
| 2026-07-29 | Earnings Release, Exhibits | read |
| 2026-07-08 | Reg FD Disclosure, Exhibits | read |
| 2026-07-02 | Reg FD Disclosure, Exhibits | read |
| 2026-06-11 | Reg FD Disclosure, Exhibits | read |
| 2026-05-01 | Shareholder Vote, Exhibits | read |
| 2026-04-29 | Earnings Release, Exhibits | read |
| 2026-04-01 | Reg FD Disclosure, Exhibits | read |
| 2026-02-25 | Reg FD Disclosure, Exhibits | read |
| 2026-02-18 | Earnings Release, Exhibits | read |
| 2026-01-12 | Reg FD Disclosure, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-05-01 | Hawkes Laurie A. | Grant | 4.99K | — | |
| 2026-05-01 | Imperiale Richard P | Grant | 4.99K | — | |
| 2026-05-01 | COKE MICHAEL A | Grant | 4.99K | — | |
| 2026-05-01 | Watters James H | Grant | 4.99K | — | |
| 2026-05-01 | Duran Jessica | Grant | 4.99K | — | |
| 2026-05-01 | Saffire Joseph | Grant | 4.99K | — | |
| 2026-05-01 | Felice Laura L. | Grant | 4.99K | — | |
| 2026-05-01 | JACOBSTEIN DAVID M | Grant | 4.99K | — | |
| 2026-03-12 | Wiegel Molly | SVP, Human Resources & Ad | Grant | 9.92K | — |
| 2026-03-12 | Wiegel Molly | SVP, Human Resources & Ad | Withheld for tax | 3.58K | $67.84K |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 8 |
| Top-5 share | 99.6% |
| HHI | 7,685 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $226.73M | 10.82M |
| Renaissance Technologies | $12.11M | 586.10K |
| Capital Research / Capital World | $9.22M | 445.93K |
| AQR Capital Management | $7.52M | 363.83K |
| Millennium Management | $2.86M | 138.50K |
| Citadel Advisors | $568.42K | 27.50K |
| Fidelity / FMR LLC | $345.78K | 16.73K |
| T. Rowe Price Group | $5.15K | 249.32K |
As of 2026-06-30
Dividends
| Yield (TTM) | 4.62% |
|---|---|
| $ / share (TTM) | $0.87 |
| 5y CAGR | +24.7% |
Annual dividend per share
| 2021 | $1.02 |
|---|---|
| 2022 | $1.08 |
| 2023 | $1.12 |
| 2024 | $1.16 |
| 2025 | $1.16 |
| 2026 | $0.29 |
SEC Filings
The Long Run
FY 2017–2025 · 9 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $431.80M | +14.8% | |
| Net income | $162.44M | +30.5% | |
| Cash from ops | $271.07M | +11.3% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $18.89 | $18.95 | $18.77 | $18.91 | 1.26M |
| Sep 24 | $18.94 | $19.02 | $18.69 | $18.90 | 1.50M |
| Sep 23 | $19.03 | $19.03 | $18.80 | $18.91 | 2.05M |
| Sep 22 | $19.37 | $19.37 | $18.94 | $19.12 | 3.57M |
| Sep 21 | $19.33 | $19.47 | $19.21 | $19.28 | 1.43M |
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