BNL 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 March 31, 2025, BNL’s diversified portfolio consisted of 769 individual net leased commercial properties with 762 properties located in 44 U.S. states and seven properties located in four Canadian provinces across the industrial, retail, and other property types.
Portfolio Pivot | Explore Broadstone Net Lease's strategic shift from healthcare to industrial properties, aiming to align with net-lease REIT peers and enhance cash flow durability. |
Financial Resilience | Delve into BNL's robust financial position, with a leverage ratio of 5.1x and nearly $1 billion in liquidity, positioning the company for future growth initiatives. |
Market Valuation | Analysts view BNL's 1.5-turn multiple discount as fair, reflecting ongoing transition risks. The average price target suggests potential upside for investors. |
Growth Prospects | Learn how BNL's focus on industrial properties could lead to higher rental growth rates and improved operating margins, potentially boosting long-term performance. |
Metrics to compare | BNL | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipBNLPeersSector | |
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P/E Ratio | 26.8x | −6.6x | 9.1x | |
PEG Ratio | −0.70 | 0.00 | 0.01 | |
Price/Book | 1.1x | 1.0x | 0.9x | |
Price / LTM Sales | 7.3x | 2.7x | 3.9x | |
Upside (Analyst Target) | 20.5% | 31.4% | 11.5% | |
Fair Value Upside | Unlock | −1.6% | 0.5% | Unlock |