Broadstone Net Lease, Inc. BNL R2K
Real Estate · REIT - Diversified · United States
Broadstone Net Lease, Inc. is an industrial-focused, diversified net lease real estate investment trust 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. We primarily, and selectively, invest in real estate across industrial and retail property types. We target properties with credit-worthy tenants in industries characterized by positive business drivers and trends, where the properties are an integral part of the tenant's business and there are opportunities to secure long-term net leases. Through long-term net leases, our tenants can retain operational control of their strategically important locations, while allocating their debt and equity capital to fund core business operations rather than real estate ownership. Broadstone Net Lease, Inc. was established on October 18, 2017 and is based in Victor, United States.
READ MORE ›$20.23
+35.97% 1Y
Market & Price
Market Cap
$4.05B
Current Price
$20.23
High / Low (52W)
$20.62 / $14.88
Beta
0.99
Valuation
Stock P/E
31.12
Industry PE
26.58
Forward P/E
25.62
PEG Ratio
-
Book Value
$15.08
Price to Book
1.34
P/S
8.67
EV/EBITDA
16.59
Dividend Yield
5.76%
Profitability & Returns
ROCE
3.49%
ROE
4.21%
ROA
2.74%
Profit Margin
27.02%
Op Margin
52.18%
EPS (Latest Qtr)
$0.24
EPS (TTM)
$0.65
Balance Sheet & Liquidity
Debt/Equity
0.88
Quick Ratio
1.83
Current Ratio
1.84
Debt
$2.65B
Total Assets
$5.72B
Current Assets
$213.82M
Working Capital
$80.73M
Ownership
Promoter Holding
1.10%
Chg in Prom Hold
-
FII / Inst Holding
95.69%
Chg in FII Hold
-
Financial Snapshot
Enterprise Value
$6.62B
Total Revenue (TTM)
$466.85M
EBITDA
$399.20M
Free Cash Flow
$240.66M
Operating Cash Flow
$304.13M
Shares Outstanding
191.77M
Gross Margin
94.93%
Payout Ratio
178.85%
Growth (CAGR)
Revenue 5Y
3.68%
Profit 5Y
-7.55%
Revenue (YoY)
11.70%
Earnings (YoY)
175.20%
PROS
- Excellent profit margin of 27.0%.
- Attractive dividend yield of 5.76%.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Earnings shrank at -7.5% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Real Estate).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | BNL Broadstone Net Lease, Inc. R2K | 20.23 | 31.12 | $4.05B | 5.76% | 3.49% | 4.21% | 3.68% | -7.55% |
| 2 | WELL Welltower Inc. SPX | 205.33 | 99.19 | $144.95B | 1.44% | 0.26% | 3.67% | 22.69% | 87.90% |
| 3 | PLD Prologis, Inc. SPX | 143.47 | 36.14 | $133.76B | 2.98% | 4.94% | 6.84% | 13.74% | -0.36% |
| 4 | EQIX Equinix, Inc. SPX | 1,068.04 | 74.07 | $105.33B | 1.84% | 5.61% | 10.06% | 8.27% | 24.18% |
| 5 | AMT American Tower Corporation SPX | 186.96 | 30.11 | $87.10B | 3.73% | 7.82% | 29.95% | 3.34% | 12.73% |
| 6 | SPG Simon Property Group, Inc. SPX | 204.91 | 14.25 | $77.86B | 4.29% | 17.44% | 113.59% | 6.35% | 29.32% |
| 7 | DLR Digital Realty Trust, Inc. SPX | 190.00 | 50.53 | $67.96B | 2.57% | 3.99% | 5.69% | 9.22% | 51.32% |
| 8 | O Realty Income Corporation SPX | 61.28 | 50.23 | $57.14B | 5.30% | 3.27% | 2.83% | 19.80% | 6.78% |
| 9 | PSA Public Storage SPX | 303.69 | 31.34 | $53.31B | 3.95% | 10.69% | 20.18% | 4.88% | -25.69% |
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Quarterly Results
Figures in USD.
| Metric | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 31.59M | 34.82M | 37.01M | 39.45M | 42.19M | 43.67M | 46.23M | 49.47M | 55.59M | 57.03M | 61.76M | 63.09M | 68.43M | 69.05M | 76.40M | 84.93M | 78.23M | 80.37M | 80.74M | 82.29M | 82.70M | 84.76M | 122.78M | 93.84M | 98.01M | 103.52M | 118.99M | 109.35M | 109.54M | 105.37M | 105.91M | 108.40M | 108.69M | 112.99M | 114.17M | 118.29M | 121.40M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.49M | 5.00M | 6.20M | 6.28M | 6.18M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 103.20M | 107.98M | 107.97M | 112.01M | 115.22M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 49.17M | 52.15M | 50.22M | 51.44M | 51.88M |
| Operating Income | 15.47M | 13.77M | 16.88M | 17.52M | 20.64M | 21.64M | 19.41M | 23.19M | 26.54M | 26.40M | 26.99M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 54.03M | 55.84M | 57.75M | 60.58M | 63.35M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 77.42M | 83.72M | 95.75M | 102.24M | 113.49M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20.07M | 21.11M | 28.23M | 25.05M | 25.26M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 17.85M | 20.03M | 27.27M | 35.42M | 46.70M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 355.00K | 199.00K | 208.00K | 391.00K | 311.00K |
| Net Income | 5.10M | 4.82M | 13.96M | 12.48M | 12.59M | 14.73M | 11.95M | 15.53M | 17.57M | 16.97M | 21.27M | 13.56M | 13.94M | 16.13M | 23.39M | 25.93M | 10.82M | 15.35M | 8.75M | 16.26M | 22.22M | 21.21M | 28.70M | 26.76M | 33.52M | 27.11M | 39.30M | 60.01M | 49.68M | 65.11M | 35.33M | 35.61M | 16.74M | 20.16M | 26.47M | 33.13M | 46.37M |
| Diluted EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.24 | - | 0.10 | 0.14 | 0.08 | - | 0.15 | 0.14 | 0.18 | 0.16 | 0.20 | 0.16 | 0.21 | 0.32 | 0.26 | 0.35 | 0.19 | 0.19 | 0.09 | 0.10 | 0.14 | 0.17 | 0.24 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 98.09M | 142.87M | 181.56M | 237.48M | 298.81M | 321.64M | - | 407.51M | 442.89M | 431.80M | 454.14M |
| Cost of Revenue | - | - | - | - | - | - | - | 21.77M | 22.58M | 24.74M | 22.97M |
| Gross Profit | - | - | - | - | - | - | - | 385.74M | 420.31M | 407.06M | 431.17M |
| Operating Expenses | - | - | - | - | - | - | - | 192.18M | 198.05M | 194.16M | 202.97M |
| Operating Income | 42.38M | 63.64M | 84.88M | - | - | - | - | 193.56M | 222.26M | 212.89M | 228.20M |
| EBITDA | - | - | - | - | - | - | - | 364.21M | 402.75M | 400.42M | 359.12M |
| Interest Expense | - | - | - | - | - | - | - | 78.65M | 80.05M | 74.08M | 94.47M |
| Pretax Income | - | - | - | - | - | - | - | 130.75M | 164.07M | 170.16M | 100.57M |
| Tax Provision | - | - | - | - | - | - | - | 1.27M | 763.00K | 1.18M | 1.15M |
| Net Income | 19.29M | 36.35M | 54.80M | 69.38M | 79.39M | 51.18M | - | 122.11M | 155.48M | 162.44M | 96.50M |
| Diluted EPS | - | - | - | 0.86 | 0.83 | 0.44 | - | 0.72 | 0.83 | 0.86 | 0.50 |
Compounded Sales Growth
| 5 Years: | 3.68% |
| 1 Year: | 11.70% |
Compounded Profit Growth
| 5 Years: | -7.55% |
| 1 Year: | 175.20% |
Stock Price Performance
| 1 Year: | +35.97% |
| 6 Months: | +17.88% |
| 3 Months: | +6.00% |
| 1 Month: | +1.51% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 1.95B | 2.58B | 3.10B | 3.92B | 4.26B | - | 5.46B | 5.27B | 5.22B | 5.72B |
| Current Assets | - | - | - | - | - | - | - | - | 158.80M | 173.71M | 180.84M | 213.82M |
| Cash & Equivalents | 4.13M | 27.05M | 21.64M | 9.36M | 18.61M | 12.46M | 100.49M | - | 21.79M | 19.49M | 14.85M | 30.54M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | 1.35M | 1.49M | 3.28M | 4.40M |
| Total Liabilities | - | - | 953.52M | 1.29B | 1.57B | 2.14B | 1.78B | - | 2.20B | 2.07B | 2.07B | 2.68B |
| Current Liabilities | - | - | - | - | - | - | - | - | 109.08M | 110.11M | 113.14M | 133.10M |
| Long Term Debt | - | - | - | 1.18B | 1.45B | 1.99B | 1.55B | - | 2.02B | 1.91B | 1.91B | 2.51B |
| Total Debt | - | - | - | - | - | - | - | - | 2.02B | 1.91B | 1.91B | 2.51B |
| Total Equity | - | - | 911.79M | 1.19B | 1.42B | 1.67B | 2.30B | - | 3.09B | 3.05B | 3.00B | 2.90B |
| Shares Outstanding | - | - | - | - | - | - | - | - | 186.11M | 187.61M | 188.63M | 191.42M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | 67.19M | 97.94M | 128.01M | 147.36M | 179.03M | - | 255.91M | 271.07M | 276.25M | 299.50M |
| Investing Cash Flow | - | -470.57M | -611.84M | -510.46M | -831.71M | -60.24M | - | -859.64M | 24.34M | -59.70M | -675.27M |
| Financing Cash Flow | - | 399.35M | 500.89M | 391.34M | 685.67M | -28.38M | - | 636.00M | -334.82M | -221.19M | 393.43M |
| Capital Expenditure | -10.56M | -1.94M | -6.78M | -5.15M | -5.05M | -10.81M | - | -31.37M | -46.25M | -16.80M | -29.71M |
| Free Cash Flow | - | 65.25M | 91.16M | 122.86M | 142.31M | 168.22M | - | 224.54M | 224.82M | 259.46M | 269.79M |
| Net Change in Cash | - | - | - | - | - | - | - | 32.27M | -39.41M | -4.64M | 17.65M |
| Share Buybacks | 3.05M | 8.15M | 9.44M | 10.20M | 34.60M | - | - | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | 94.7% | 94.9% | 94.3% | 94.9% |
| Operating Margin % | 43.2% | 44.5% | 46.8% | - | - | - | - | 47.5% | 50.2% | 49.3% | 50.2% |
| Net Margin % | 19.7% | 25.4% | 30.2% | 29.2% | 26.6% | 15.9% | - | 30.0% | 35.1% | 37.6% | 21.2% |
| ROE % | - | 4.0% | 4.6% | 4.9% | 4.8% | 2.2% | - | 3.9% | 5.1% | 5.4% | 3.3% |
| ROCE % | - | - | - | - | - | - | - | 3.6% | 4.3% | 4.2% | 4.1% |
Shareholding Pattern
Insiders
1.10%
Institutions
95.69%
Public Float
96.76%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 13.22% | 25.36M | $513.03M |
| 2 | Vanguard Portfolio Management LLC | 9.45% | 18.12M | $366.66M |
| 3 | Vanguard Capital Management LLC | 4.45% | 8.53M | $172.52M |
| 4 | State Street Corporation | 4.12% | 7.90M | $159.74M |
| 5 | Nuveen, LLC | 3.10% | 5.95M | $120.33M |
| 6 | Geode Capital Management, LLC | 2.75% | 5.28M | $106.73M |
| 7 | Invesco Ltd. | 2.37% | 4.55M | $91.95M |
| 8 | Alliancebernstein L.P. | 2.33% | 4.46M | $90.30M |
| 9 | Charles Schwab Investment Management, Inc. | 1.81% | 3.48M | $70.36M |
| 10 | Fuller & Thaler Asset Management Inc. | 1.59% | 3.06M | $61.86M |
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