Symbols / BNL Stock $19.80 -0.65% Broadstone Net Lease, Inc.

Real Estate • REIT - Diversified • United States • NYQ
BNL (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Diversified
CEO Mr. John D. Moragne J.D.
Exch · Country NYQ · United States
Market Cap 3.96B
Enterprise Value 6.42B
Income 95.25M
Sales 454.14M
FCF (ttm) 201.20M
Book/sh 15.16
Cash/sh 0.26
Employees 62
Insider 10d —
IPO Sep 17, 2020
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 232.00%
P/E 30.46
Forward P/E 25.78
PEG —
P/S 8.72
P/B 1.31
P/C —
EV/EBITDA 16.55
EV/Sales 14.13
Quick Ratio 1.98
Current Ratio 2.30
Debt/Eq 83.12
LT Debt/Eq —
EPS (ttm) 0.65
EPS next Y 0.77
EPS Growth 24.70%
Revenue Growth 5.50%
EPS Gr Q/Q 25.50%
Rev Gr Q/Q —
Earnings (next) 2026-07-29
Earnings (prior) 2026-04-29
ROA 2.67%
ROE 3.22%
ROIC —
Gross Margin 94.94%
Oper. Margin 51.21%
Profit Margin 21.25%
Shs Outstand 191.77M
Shs Float 189.25M
Insider Own 1.08%
Instit Own 90.35%
Short Float 8.40%
Short Ratio 3.28
Short Interest 11.98M
52W High 20.48
vs 52W High -3.30%
52W Low 15.28
vs 52W Low 29.57%
Beta 1.02
Impl. Vol. 40.09%
Rel Volume 1.24
Avg Volume 2.63M
Volume 3.26M
Target (mean) $21.36
Tgt Median $21.00
Tgt Low $20.00
Tgt High $24.00
# Analysts 11
Recom Buy
Prev Close $19.93
Price $19.80
Change -0.65%
About

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 incoporated in Maryland.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$21.36
Mean price target
2. Current target
$19.80
Latest analyst target
3. DCF / Fair value
$18.88
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$19.80
Low
$20.00
High
$24.00
Mean
$21.36

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-09 main UBS Neutral → Neutral $20
2026-02-24 main Cantor Fitzgerald Overweight → Overweight $21
2025-12-29 main Morgan Stanley Equal-Weight → Equal-Weight $19
2025-12-05 main BTIG Buy → Buy $21
2025-12-02 reit Citizens Market Outperform → Market Outperform $21
2025-11-25 main Truist Securities Hold → Hold $20
2025-10-01 init Cantor Fitzgerald — → Overweight $21
2025-10-01 reit BTIG Buy → Buy $22
2025-09-29 reit JMP Securities Market Outperform → Market Outperform $21
2025-08-19 up Keybanc Sector Weight → Overweight $20
2025-08-15 main UBS Neutral → Neutral $17
2025-07-28 up Wolfe Research Peer Perform → Outperform $19
2025-07-16 main UBS Neutral → Neutral $16
2025-06-02 reit JMP Securities Market Outperform → Market Outperform $21
2025-05-13 main UBS Neutral → Neutral $17
2025-05-05 main Truist Securities Hold → Hold $18
2025-05-05 reit JMP Securities Market Outperform → Market Outperform $21
2025-04-29 reit JMP Securities Market Outperform → Market Outperform $21
2025-02-21 reit Citizens Capital Markets Market Outperform → Market Outperform $21
2024-12-17 up JMP Securities Market Perform → Market Outperform $21
News
RSS: Latest BNL news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-12 CALLAN JOHN G General Counsel — 12,397 $0.00 $0
2026-03-12 ALBANO RYAN M. President — 111,557 $0.00 $0
2026-03-12 MORAGNE JOHN DAVID Chief Executive Officer — 148,741 $0.00 $0
2026-03-12 FENNELL KEVIN Chief Financial Officer — 55,778 $0.00 $0
2026-03-12 WIEGEL MOLLY Officer — 9,917 $0.00 $0
2026-03-12 CARUSO MICHAEL B Officer — 12,397 $0.00 $0
2026-03-12 O'BRIEN JENNIE Officer — 9,917 $0.00 $0
2026-03-02 CALLAN JOHN G General Counsel — 8,536 $0.00 $0
2026-03-02 ALBANO RYAN M. President — 43,455 $0.00 $0
2026-03-02 MORAGNE JOHN DAVID Chief Executive Officer — 78,632 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
454.14
+5.17%
431.80
-2.50%
442.89
+8.68%
407.51
Operating Revenue
454.14
+5.17%
431.80
-2.50%
442.89
+8.68%
407.51
Cost Of Revenue
22.97
-7.15%
24.74
+9.59%
22.58
+3.69%
21.77
Reconciled Cost Of Revenue
27.44
-5.88%
29.16
+2.58%
28.42
+6.92%
26.58
Gross Profit
431.17
+5.92%
407.06
-3.15%
420.31
+8.96%
385.74
Operating Expense
202.97
+4.53%
194.16
-1.96%
198.05
+3.05%
192.18
Selling General And Administration
38.88
+2.36%
37.99
-3.65%
39.42
+5.48%
37.38
General And Administrative Expense
38.88
+2.36%
37.99
-3.65%
39.42
+5.48%
37.38
Other Gand A
38.88
+2.36%
37.99
-3.65%
39.42
+5.48%
37.38
Total Expenses
225.94
+3.21%
218.91
-0.78%
220.63
+3.12%
213.96
Operating Income
228.20
+7.19%
212.89
-4.21%
222.26
+14.83%
193.56
EBITDA
359.12
-10.31%
400.42
-0.58%
402.75
+10.58%
364.21
Normalized EBITDA
386.26
+2.65%
376.27
-0.91%
379.72
+7.33%
353.79
Reconciled Depreciation
159.62
+5.17%
151.76
-0.67%
152.78
+1.86%
150.00
EBIT
195.04
-20.15%
244.24
+0.05%
244.13
+16.58%
209.40
Total Unusual Items
-27.13
-212.34%
24.15
+4.84%
23.04
+121.12%
10.42
Total Unusual Items Excluding Goodwill
-27.13
-212.34%
24.15
+4.84%
23.04
+121.12%
10.42
Special Income Charges
-39.73
+18.91%
-49.00
-56.68%
-31.27
-465.02%
-5.54
Other Special Charges
—
—
—
0.31
Impairment Of Capital Assets
39.73
-18.91%
49.00
+56.68%
31.27
+465.02%
5.54
Restructuring And Mergern Acquisition
—
—
0.00
0.00
Net Income
96.50
-40.60%
162.44
+4.48%
155.48
+27.32%
122.11
Pretax Income
100.57
-40.90%
170.16
+3.71%
164.07
+25.49%
130.75
Net Non Operating Interest Income Expense
-94.08
-28.73%
-73.08
+8.12%
-79.54
-1.19%
-78.61
Interest Expense Non Operating
94.47
+27.53%
74.08
-7.47%
80.05
+1.78%
78.65
Net Interest Income
-94.08
-28.73%
-73.08
+8.12%
-79.54
-1.19%
-78.61
Interest Expense
94.47
+27.53%
74.08
-7.47%
80.05
+1.78%
78.65
Interest Income Non Operating
0.39
-60.87%
0.99
+94.14%
0.51
+1063.64%
0.04
Interest Income
0.39
-60.87%
0.99
+94.14%
0.51
+1063.64%
0.04
Other Income Expense
-33.55
-210.53%
30.35
+42.14%
21.36
+35.16%
15.80
Other Non Operating Income Expenses
-6.42
-203.48%
6.20
+468.89%
-1.68
-131.23%
5.38
Gain On Sale Of Security
12.60
-82.77%
73.15
+34.70%
54.31
+240.44%
15.95
Tax Provision
1.15
-1.79%
1.18
+54.00%
0.76
-40.16%
1.27
Tax Rate For Calcs
0.00
+66.18%
0.00
+48.49%
0.00
-52.31%
0.00
Tax Effect Of Unusual Items
-0.31
-286.69%
0.17
+55.68%
0.11
+5.45%
0.10
Net Income Including Noncontrolling Interests
99.42
-41.17%
168.99
+3.48%
163.31
+26.13%
129.47
Net Income From Continuing Operation Net Minority Interest
96.50
-40.60%
162.44
+4.48%
155.48
+27.32%
122.11
Net Income From Continuing And Discontinued Operation
96.50
-40.60%
162.44
+4.48%
155.48
+27.32%
122.11
Net Income Continuous Operations
99.42
-41.17%
168.99
+3.48%
163.31
+26.13%
129.47
Minority Interests
-2.92
+55.39%
-6.55
+16.42%
-7.83
-6.44%
-7.36
Normalized Income
123.32
-10.93%
138.46
+4.46%
132.55
+18.56%
111.80
Net Income Common Stockholders
95.25
-40.94%
161.28
+4.10%
154.92
+27.30%
121.70
Otherunder Preferred Stock Dividend
1.24
+6.43%
1.17
+108.21%
0.56
+33.65%
0.42
Diluted EPS
0.50
-41.86%
0.86
+3.61%
0.83
+15.28%
0.72
Basic EPS
0.51
-40.70%
0.86
+3.61%
0.83
+15.28%
0.72
Basic Average Shares
188.12
+0.36%
187.45
+0.45%
186.62
+9.88%
169.84
Diluted Average Shares
197.57
+0.49%
196.62
+0.15%
196.31
+8.94%
180.20
Diluted NI Availto Com Stockholders
99.47
-41.08%
168.82
+3.73%
162.75
+26.11%
129.06
Average Dilution Earnings
4.21
-44.21%
7.55
-3.65%
7.83
+6.44%
7.36
Depreciation Amortization Depletion Income Statement
164.09
+5.06%
156.18
-1.54%
158.63
+2.47%
154.81
Depreciation And Amortization In Income Statement
164.09
+5.06%
156.18
-1.54%
158.63
+2.47%
154.81
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
5,717.27
+9.60%
5,216.42
-0.99%
5,268.73
-3.46%
5,457.61
Current Assets
213.82
+18.24%
180.84
+4.11%
173.71
+9.38%
158.80
Cash Cash Equivalents And Short Term Investments
30.54
+105.73%
14.85
-23.85%
19.49
-10.53%
21.79
Cash And Cash Equivalents
30.54
+105.73%
14.85
-23.85%
19.49
-10.53%
21.79
Receivables
183.28
+10.41%
166.00
+7.64%
154.21
+12.55%
137.01
Accounts Receivable
4.40
+34.23%
3.28
+120.65%
1.49
+10.23%
1.35
Other Receivables
178.88
+9.93%
162.72
+6.54%
152.72
+12.57%
135.67
Prepaid Assets
—
—
—
—
Total Non Current Assets
5,503.44
+9.29%
5,035.57
-1.17%
5,095.03
-3.85%
5,298.81
Net PPE
—
—
—
8.51
Gross PPE
—
—
—
14.43
Accumulated Depreciation
—
—
—
-5.92
Other Properties
—
—
—
14.43
Goodwill And Other Intangible Assets
607.78
+0.06%
607.41
-3.28%
628.00
-6.18%
669.35
Goodwill
339.77
+0.00%
339.77
+0.00%
339.77
+0.00%
339.77
Other Intangible Assets
268.01
+0.14%
267.64
-7.14%
288.23
-12.55%
329.58
Non Current Deferred Assets
—
—
—
6.01
Other Non Current Assets
55.91
+34.45%
41.58
+13.43%
36.66
-42.88%
64.18
Total Liabilities Net Minority Interest
2,683.81
+29.34%
2,074.99
+0.03%
2,074.39
-5.50%
2,195.10
Current Liabilities
133.10
+17.64%
113.14
+2.75%
110.11
+0.94%
109.08
Payables And Accrued Expenses
133.10
+17.64%
113.14
+2.75%
110.11
+0.94%
109.08
Payables
119.59
+11.46%
107.30
+2.77%
104.40
+2.35%
102.01
Accounts Payable
60.08
+22.66%
48.98
+3.05%
47.53
-0.03%
47.55
Dividends Payable
59.51
+2.05%
58.32
+2.55%
56.87
+4.42%
54.46
Current Accrued Expenses
13.50
+131.32%
5.84
+2.37%
5.70
-19.36%
7.07
Total Non Current Liabilities Net Minority Interest
2,550.71
+30.02%
1,961.86
-0.12%
1,964.29
-5.84%
2,086.03
Long Term Debt And Capital Lease Obligation
2,507.68
+31.08%
1,913.12
+0.12%
1,910.76
-5.56%
2,023.17
Long Term Debt
2,507.68
+31.08%
1,913.12
+0.12%
1,910.76
-5.56%
2,023.17
Other Non Current Liabilities
41.53
-14.78%
48.73
-8.97%
53.53
-14.83%
62.85
Stockholders Equity
2,901.99
-3.39%
3,003.74
-1.49%
3,049.24
-1.41%
3,092.92
Common Stock Equity
2,901.99
-3.39%
3,003.74
-1.49%
3,049.24
-1.41%
3,092.92
Capital Stock
0.05
+2.13%
0.05
+0.00%
0.05
+0.00%
0.05
Common Stock
0.05
+2.13%
0.05
+0.00%
0.05
+0.00%
0.05
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
191.42
+1.48%
188.63
+0.54%
187.61
+0.81%
186.11
Ordinary Shares Number
191.42
+1.48%
188.63
+0.54%
187.61
+0.81%
186.11
Additional Paid In Capital
3,502.38
+1.50%
3,450.58
+0.29%
3,440.64
+0.62%
3,419.39
Retained Earnings
-620.22
-24.91%
-496.54
-12.66%
-440.73
-14.16%
-386.05
Gains Losses Not Affecting Retained Earnings
19.79
-60.15%
49.66
+0.75%
49.29
-17.20%
59.52
Minority Interest
131.47
-4.51%
137.68
-5.11%
145.10
-14.44%
169.59
Other Equity Adjustments
19.79
-60.15%
49.66
+0.75%
49.29
-17.20%
59.52
Total Equity Gross Minority Interest
3,033.46
-3.44%
3,141.42
-1.66%
3,194.34
-2.09%
3,262.51
Total Capitalization
5,409.68
+10.02%
4,916.87
-0.87%
4,960.00
-3.05%
5,116.09
Working Capital
80.73
+19.23%
67.71
+6.46%
63.60
+27.90%
49.73
Invested Capital
5,409.68
+10.02%
4,916.87
-0.87%
4,960.00
-3.05%
5,116.09
Total Debt
2,507.68
+31.08%
1,913.12
+0.12%
1,910.76
-5.56%
2,023.17
Net Debt
2,477.14
+30.49%
1,898.28
+0.37%
1,891.26
-5.50%
2,001.38
Net Tangible Assets
2,294.22
-4.26%
2,396.34
-1.03%
2,421.25
-0.10%
2,423.56
Tangible Book Value
2,294.22
-4.26%
2,396.34
-1.03%
2,421.25
-0.10%
2,423.56
Derivative Product Liabilities
1.50
0.00
—
0.00
Financial Assets
18.25
-60.52%
46.22
+0.27%
46.10
-27.28%
63.39
Interest Payable
13.50
+131.32%
5.84
+2.37%
5.70
-19.36%
7.07
Investment Properties
4,821.51
+11.09%
4,340.36
-1.00%
4,384.28
-2.61%
4,501.88
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
299.50
+8.41%
276.25
+1.91%
271.07
+5.92%
255.91
Cash Flow From Continuing Operating Activities
299.50
+8.41%
276.25
+1.91%
271.07
+5.92%
255.91
Net Income From Continuing Operations
99.42
-41.17%
168.99
+3.48%
163.31
+26.13%
129.47
Depreciation Amortization Depletion
159.62
+5.17%
151.76
-0.67%
152.78
+1.86%
150.00
Depreciation And Amortization
159.62
+5.17%
151.76
-0.67%
152.78
+1.86%
150.00
Other Non Cash Items
-3.02
+88.22%
-25.67
-33.88%
-19.18
-2.19%
-18.76
Stock Based Compensation
9.60
+30.48%
7.36
+15.66%
6.36
+19.62%
5.32
Provisionand Write Offof Assets
—
—
—
—
Asset Impairment Charge
39.73
-18.91%
49.00
+56.68%
31.27
+465.02%
5.54
Operating Gains Losses
-19.31
+73.60%
-73.15
-34.70%
-54.31
-240.44%
-15.95
Gain Loss On Investment Securities
-19.31
+73.60%
-73.15
-34.70%
-54.31
-240.44%
-15.95
Change In Working Capital
13.47
+762.84%
-2.03
+77.83%
-9.17
-3085.99%
0.31
Change In Receivables
-1.12
+35.59%
-1.74
-323.33%
0.78
+18.36%
0.66
Change In Prepaid Assets
2.46
+411.67%
0.48
+236.36%
-0.35
-276.88%
0.20
Change In Payables And Accrued Expense
12.13
+1675.97%
-0.77
+91.97%
-9.60
-1641.38%
-0.55
Change In Accrued Expense
7.67
+5577.78%
0.14
+109.86%
-1.37
-328.93%
0.60
Change In Payable
4.47
+593.92%
-0.91
+89.00%
-8.23
-615.93%
-1.15
Change In Account Payable
4.47
+593.92%
-0.91
+89.00%
-8.23
-615.93%
-1.15
Investing Cash Flow
-675.27
-1031.05%
-59.70
-345.31%
24.34
+102.83%
-859.64
Cash Flow From Continuing Investing Activities
-675.27
-1031.05%
-59.70
-345.31%
24.34
+102.83%
-859.64
Capital Expenditure
-29.71
-76.87%
-16.80
+63.69%
-46.25
-47.42%
-31.37
Capital Expenditure Reported
-29.71
-76.87%
-16.80
+63.69%
-46.25
-47.42%
-31.37
Net Business Purchase And Sale
—
—
—
0.00
Purchase Of Business
—
—
—
0.00
Financing Cash Flow
393.43
+277.87%
-221.19
+33.94%
-334.82
-152.64%
636.00
Cash Flow From Continuing Financing Activities
393.43
+277.87%
-221.19
+33.94%
-334.82
-152.64%
636.00
Net Issuance Payments Of Debt
594.15
+9421.57%
6.24
+105.38%
-116.00
-134.12%
339.98
Issuance Of Debt
1,648.14
+542.55%
256.50
+19.03%
215.50
-84.61%
1,400.28
Repayment Of Debt
-1,053.99
-321.16%
-250.26
+24.51%
-331.50
+68.74%
-1,060.30
Long Term Debt Issuance
1,648.14
+542.55%
256.50
+19.03%
215.50
-84.61%
1,400.28
Long Term Debt Payments
-1,053.99
-321.16%
-250.26
+24.51%
-331.50
+68.74%
-1,060.30
Net Long Term Debt Issuance
594.15
+9421.57%
6.24
+105.38%
-116.00
-134.12%
339.98
Short Term Debt Issuance
—
—
215.50
-76.06%
900.28
Short Term Debt Payments
—
—
-324.00
+59.50%
-800.00
Net Short Term Debt Issuance
—
—
-108.50
-208.19%
100.28
Net Common Stock Issuance
37.93
+3908.23%
-1.00
-453.33%
-0.18
-100.04%
495.57
Common Stock Payments
—
-1.00
-453.33%
-0.18
0.00
Common Stock Dividend Paid
-218.78
-0.93%
-216.76
-4.45%
-207.52
-14.51%
-181.22
Cash Dividends Paid
-218.78
-0.93%
-216.76
-4.45%
-207.52
-14.51%
-181.22
Repurchase Of Capital Stock
—
-1.00
-453.33%
-0.18
0.00
Net Other Financing Charges
-19.88
-105.47%
-9.67
+12.97%
-11.12
+39.34%
-18.32
Changes In Cash
17.65
+480.45%
-4.64
+88.23%
-39.41
-222.12%
32.27
Beginning Cash Position
15.99
-22.48%
20.63
-65.64%
60.04
+116.21%
27.77
End Cash Position
33.64
+110.35%
15.99
-22.48%
20.63
-65.64%
60.04
Free Cash Flow
269.79
+3.98%
259.46
+15.41%
224.82
+0.13%
224.54
Interest Paid Supplemental Data
80.25
+8.93%
73.67
-4.50%
77.15
+7.15%
72.00
Income Tax Paid Supplemental Data
1.12
—
0.31
-22.50%
0.40
Change In Interest Payable
7.67
+5577.78%
0.14
+109.86%
-1.37
-328.93%
0.60
Common Stock Issuance
37.93
—
—
495.57
Issuance Of Capital Stock
37.93
—
—
495.57
Net Investment Properties Purchase And Sale
-645.57
-1404.54%
-42.91
-160.78%
70.59
+108.52%
-828.27
Purchase Of Investment Properties
-739.12
-86.05%
-397.26
-219.10%
-124.49
+85.93%
-884.77
Sale Of Investment Properties
93.55
-73.60%
354.35
+81.64%
195.08
+245.28%
56.50
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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