BNL - NYSE

Broadstone Net Lease, Inc.

Broadstone Net Lease, Inc.

BNLยทNYSE

$20.18

-0.17%
Real EstateREIT - Diversified

BNL is an internally-managed REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The Company utilizes an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting. As of September 30, 2020, BNL's diversified portfolio consisted of 627 properties in 41 U.S. states and one property in Canada across the industrial, healthcare, restaurant, office, and retail property types, with an aggregate gross asset value of approximately $4.0 billion.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$3.87B
EPS0.5100
P/E Ratio39.57
Earnings Date07/29/2026
Broadstone Net Lease, Inc.

Broadstone Net Lease, Inc. Fair Value Envelope

BNL ยท NYSE

Our analysis suggests that BNL has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $20.18, this represents a potential HIDDEN relative to our calculated worth for Broadstone Net Lease, Inc..

HIDDEN
Intrinsic Value
Current Price: $20.18

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$5.8B
+ Cash & Equivalents$30.5M
Firm Value$5.8B
- Debt$2.6B
Equity Value$3.2B
/ Shares Outstanding189,216,037B
DCF Value$17
OVERVALUED BY 15%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$311.4M
$323.8M
$336.7M
$350.1M
$364.1M
$378.6M
$393.6M
$409.3M
$425.6M
$442.6M
Maintenance CapEx
-$6.2M
-$6.4M
-$6.7M
-$6.9M
-$7.2M
-$7.5M
-$7.8M
-$8.1M
-$8.4M
-$8.8M
Owner Earnings
$305.2M
$317.4M
$330.0M
$343.2M
$356.8M
$371.1M
$385.8M
$401.2M
$417.2M
$433.8M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$282.6M
$272.1M
$262.0M
$252.2M
$242.9M
$233.8M
$225.1M
$216.8M
$208.7M
$200.9M
Terminal Value represents 58.8% of Enterprise Value

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