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NYSE · REIT - Diversified · USD

Broadstone Net Lease, Inc. (BNL) Stock Analysis

Broadstone Net Lease, Inc. (BNL) is a REIT - Diversified stock listed on NYSE and quoted in US Dollar.

BNL

$20.81

−$0.06 (−0.29%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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BNL Key Statistics

As of Sep 4, 2026
Trading
Open
$20.80
Previous Close
$20.87
Day's Range
20.77–20.98
52-Week Range
17.16–23.10
Volume
1.42M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.94
Valuation
Market Cap
$4.43B
P/E Ratio
27.38
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
26.25
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
9.30
EPS (ttm)Profit attributable to each share over the last twelve months.
0.76
Financials (FY)
Revenue (FY)
$454.14M+5.17%
Net Income (FY)
$96.50M−40.60%
Profit marginThe share of revenue left as profit after all costs and taxes.
30.61%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
204.60M
1-Year Return
+19.92%
Dividend and dates
Dividend
$1.17+5.61%
Ex-Dividend Date
September 30, 2026
Earnings Date
October 28, 2026
Avg Volume
2.09M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

BNL Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+23.43%
2025+17.27%
2024−1.08%
2023+14.00%
2022−30.75%
2021+32.67%
2020 (partial year)+22.65%

As of September 4, 2026.

BNL Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$454.14M$96.50M21.2%
2024$431.80M$162.44M37.6%
2023$442.89M$155.48M35.1%
2022$407.51M$122.12M30.0%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$454.14M$431.17M$228.20M$96.50M21.2%
2024$431.80M$407.06M$212.89M$162.44M37.6%
2023$442.89M$420.31M$222.26M$155.48M35.1%
2022$407.51M$385.74M$193.56M$122.12M30.0%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

BNL Dividend History

$1.16+0.4% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$0.592—
2025$1.164+0.4%
2024$1.164+3.1%
2023$1.124+3.7%
YearDividends per sharePaymentsChange
2026 (partial year)$0.592—
2025$1.164+0.4%
2024$1.164+3.1%
2023$1.124+3.7%
2022$1.084+5.4%
2021$1.034+166.2%
2020$0.392—

Most recent payment: $0.29 per share, ex-dividend June 30, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

BNL Valuation vs REIT - Diversified Median

Median of 20 stocks
MetricBNLREIT - Diversified medianvs median
P/E27.3827.380% above
P/S ratio9.303.79146% above
Profit margin30.61%1.71%28.9 pts above

Medians across 20 REIT - Diversified stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 8 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Broadstone Net Lease, Inc. (BNL) is capitalised at $4.43B on the latest close. The company sits in the Real Estate sector, in the REIT - Diversified industry. The company reports 62 employees.

The most recent close on file for BNL is $20.81, dated September 4, 2026. That is −$0.06 (−0.29%) against the previous close. Over the past 52 weeks the price has ranged from $17.16 to $23.10. The latest close sits 21.31% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $454.14M. That is +5.17% against the prior fiscal year, when revenue was $431.80M. The same year closed with net income of $96.50M. That is −40.60% against the prior fiscal year. Profit margin runs at 30.61%. That is 28.9 percentage points above the REIT - Diversified median of 1.71%. Trailing earnings per share are 0.76.

Across the 4 fiscal years on file, revenue moves from $407.51M in 2022 to $454.14M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

BNL trades at a trailing price-to-earnings ratio of 27.38. That is 0% above the REIT - Diversified median of 27.38. On forward earnings the ratio is 26.25. The price-to-sales ratio is 9.3. On price-to-sales that is 145.51% above the REIT - Diversified median of 3.79. 20 REIT - Diversified companies report these metrics, and the medians quoted come from that group.

The trailing one-year price return is +19.92%. Across 5 years the annualized return works out at +0.59%. Beta against the wider market is reported at 0.95. Annualized volatility over the trailing 6 years is 22.78%.

Growth & Income

BNL pays a dividend yielding 5.61%. That is 1.5 percentage points below the REIT - Diversified median yield of 7.09%. The indicated annual rate is $1.17 a share. The ex-dividend date on file is September 30, 2026. Dividends are recorded for 7 calendar years; 2026 shows 2 payments totalling $0.59 a share. The year before, 2025, totalled $1.16 a share.

So far in 2026 the price is +23.43%. The strongest complete calendar year on file is 2021 at +32.67%; the weakest is 2022 at −30.75%. Of the 5 complete calendar years on file, 3 finished higher.

Peer Comparison

Broadstone Net Lease, Inc. (BNL) operates in the REIT - Diversified industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Broadstone Net Lease, Inc. BNL $4.43B 27.4
VICI Properties Inc. VICI $27.99B 9.8
W. P. Carey Inc. WPC $16.03B 24.1
Global Net Lease, Inc. GNL $2.11B —

The REIT - Diversified industry average P/E ratio is 27.4x. Broadstone Net Lease, Inc. trades at a P/E of 27.4.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Broadstone Net Lease, Inc.

Broadstone Net Lease, Inc. is an industrial-focused, diversified net lease real estate investment trust (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. 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 tenants' businesses 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 and incorporated on October 18th, 2017, in Maryland and is based in Victor, New York.

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