Broadstone Net Lease, Inc. (BNL)
| Market Cap | 3.17B |
| Revenue (ttm) | 424.67M |
| Net Income (ttm) | 141.51M |
| Shares Out | 197.30M |
| EPS (ttm) | 0.75 |
| PE Ratio | 21.34 |
| Forward PE | 21.14 |
| Dividend | $1.16 (7.22%) |
| Ex-Dividend Date | Dec 31, 2024 |
| Volume | 2,066,832 |
| Open | 15.34 |
| Previous Close | 15.86 |
| Day's Range | 15.34 - 16.40 |
| 52-Week Range | 14.21 - 19.15 |
| Beta | 1.11 |
| Analysts | Hold |
| Price Target | 18.60 (+15.74%) |
| Earnings Date | Oct 30, 2024 |
About BNL
Broadstone Net Lease, Inc. (the “Corporation”) is a Maryland corporation formed on October 18, 2007, that elected to be taxed as a real estate investment trust (“REIT”) commencing with the taxable year ended December 31, 2008. Broadstone Net Lease, LLC (the Corporation’s operating company, or the “OP”), is the entity through which the Corporation conducts its business and owns (either directly or through subsidiaries) all of the Corporation’s properties. The Corporation is the sole managing member of the OP. The membership units not owned by th... [Read more]
Financial Performance
In 2023, Broadstone Net Lease's revenue was $442.89 million, an increase of 8.68% compared to the previous year's $407.51 million. Earnings were $154.92 million, an increase of 27.30%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for BNL stock is "Hold." The 12-month stock price forecast is $18.6, which is an increase of 15.74% from the latest price.
News
Buy The Dip: 2 REITs Getting Way Too Cheap
Some REITs suffered a dip in recent weeks. As a result, they have become cheap again. We highlight 2 of our favorite buy-the-dip opportunities.
Cash COWs And Buried Treasures: 2024 Performance Review
About a year ago, I published two proposed portfolios: Cash COWs, (high-yield and strong dividend safety), and Buried Treasures, (undervalued, high-yielding, with strong balance sheets and growth). T...
Broadstone Net Lease: Still Underestimated
Broadstone Net Lease Inc.'s portfolio emphasizes industrial properties and long-term leases, provides high rental collection rates and moderate concentration risk. Despite its recent top-line challeng...
Broadstone Net Lease Announces Updates to its Build-To-Suit Development Funding Commitments and Participation at Nareit's REITworld 2024 Annual Conference
VICTOR, N.Y.--(BUSINESS WIRE)---- $BNL #buildtosuit--BNL Announces Updates to its Build-To-Suit Development Funding Commitments and Participation at Nareit's REITworld 2024 Annual Conference.
Broadstone Net Lease, Inc. (BNL) Q3 2024 Earnings Call Transcript
Broadstone Net Lease, Inc. (NYSE:BNL) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Brent Maedl - Director of Corporate Finance and IR John Moragne - CEO Ryan Alb...
Broadstone Net Lease Announces Third Quarter 2024 Results
VICTOR, N.Y.--(BUSINESS WIRE)-- #commercialrealestate--Broadstone Net Lease Announces Third Quarter 2024 Results.
Trick Or Treat: 3 High-Yielding REITs
Armada Hoffler Properties is a high-risk, high-reward REIT with a 7.28% dividend yield, focusing on mixed-use ecosystems in Mid-Atlantic markets. Broadstone Net Lease offers stability with a diversifi...
October's 5 Dividend Growth Stocks With 5.10%+ Yields
Dividend growth stocks can offer a passive way to grow your cash flow over time that can be used to pay the bills during retirement. We screen for some attractive names to consider, looking at dividen...
REIT Roulette: What's Your Strategy? (Here's Mine)
I recommend diversifying your REIT portfolio with at least 10 REITs, highlighting VICI Properties, Camden Property Trust, and Broadstone Net Lease as buys. VICI Properties stands out for its iconic tr...
Broadstone Net Lease Schedules Third Quarter 2024 Earnings Release and Conference Call
VICTOR, N.Y.--(BUSINESS WIRE)-- #InvestorRelations--Broadstone Net Lease (NYSE: BNL) Schedules Third Quarter 2024 Earnings Release and Conference Call.
Broadstone Net Lease: 6% Yield, Dividend Growth, High Margin Of Safety
Broadstone Net Lease, Inc. is an industrial-oriented REIT with strong dividend pay-out metrics, sustainable FFO growth, and a healthy, well-leased portfolio. The trust offers a solid 6% yield and focu...
Buried Treasures: 11 Dramatically Undervalued REITs
REIT yields are becoming more competitive, especially with the likelihood of interest rate cuts and low inflation on the horizon. This article identifies 35 equity REITs yielding 4.75% or better and a...
Previous Thesis Panned Out, But Broadstone Net Lease Has More To Offer
Broadstone Net Lease's reorganization strategy aims to reduce healthcare properties and increase industrial property exposure, enhancing portfolio quality and long-term value. Despite recent industria...
If I Was Retiring In 10-20 Years With 10 REITs - Part 2
Younger investors can afford riskier REITs, but retirees need dependable income sources. Avoid mortgage and lodging REITs due to their volatility and economic sensitivity. Broadstone Net Lease offers ...
Broadstone Net Lease: Not All Industrial Is Created Equal
Net lease real estate has been unusually volatile over the past year due to interest rate speculation. BNL's portfolio is primarily industrial and being reshaped, divesting non-core healthcare assets ...
Broadstone Net Lease Provides an Update on Recent Business Activity and Announces Participation at the Wells Fargo 13th Annual Net Lease REIT Forum
VICTOR, N.Y.--(BUSINESS WIRE)--Broadstone Net Lease Provides an Update on Recent Business Activity and Announces Participation at the Wells Fargo 13th Annual Net Lease REIT Forum.
3 Small Cap REITs With Big Yields
In this article, I will highlight three small cap REITs that are poised to deliver solid total returns from dividends and capital appreciation: CTO Realty Growth, Alpine Income Property Trust, and Bro...
REIT Fantasy Football: 11 Companies To Start Your Team
Like football, REIT investing is about gaining control of real estate. REITs are becoming more attractive to income investors as inflation remains below average REIT yield and interest rates fall. Wit...
Broadstone Net Lease: Meaningful Reorganization Progress And Strong Metrics Make It Buyable
Broadstone Net Lease is a diversified REIT that focuses on industrial properties, restaurants, healthcare, retail, and office spaces. BNL is implementing a healthcare portfolio simplification strategy...
Dividend Income: Lanny's July 2024 Summary
In July, we (my wife and I) received a dividend income total of $2,836.82. 2023 was up 24%. 7 months down in 2024 and the S&P 500 is still up almost 13%, despite the recent sell-offs. We have a high l...
Cash Cows: 9 High-Yield REITs With Safe Dividends
High-quality REITs with higher yields than usual may be a good investment opportunity. Income investors may find U.S. treasuries more appealing due to lower risk and higher yields compared to most REI...
Broadstone Net Lease, Inc. (BNL) Q2 2024 Earnings Call Transcript
Broadstone Net Lease, Inc. (NYSE:BNL) Q2 2024 Earnings Conference Call July 31, 2024 11:00 AM ET Company Participants Brent Maedl - Director, Corporate Finance and Investor Relations John Moragne - C...
Broadstone Net Lease Announces Second Quarter 2024 Results
VICTOR, N.Y.--(BUSINESS WIRE)--Broadstone Net Lease Announces Second Quarter 2024 Results.
Broadstone Net Lease: Price Catches Up With Value
We had previously rated Broadstone Net Lease as a Buy and gave it preference over Realty Income. BNL outperformed Realty Income by a 2:1 ratio, with total returns of 26%. We go over 3 reasons why we a...
Picking A Winner In High-Yield REITs
REIT yields are high due to sell-off in 2022 and 2023, but REIT prices may rise if the Fed cuts rates in September as expected. Dividend safety is crucial when investing in high-yielding REITs, to avo...