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Real Estate - REIT - Diversified - NYSE - US
$ 17.2
1.59 %
$ 3.24 B
Market Cap
22.93
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one BNL stock under the base case scenario is HIDDEN Compared to the current market price of 17.2 USD, Broadstone Net Lease, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart BNL

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FINANCIALS
443 M REVENUE
8.68%
381 M OPERATING INCOME
91.12%
163 M NET INCOME
26.13%
271 M OPERATING CASH FLOW
5.92%
24.3 M INVESTING CASH FLOW
102.83%
-335 M FINANCING CASH FLOW
-52.64%
108 M REVENUE
1.36%
53.7 M OPERATING INCOME
0.76%
37.3 M NET INCOME
5.49%
67.3 M OPERATING CASH FLOW
-9.26%
-64.6 M INVESTING CASH FLOW
71.37%
-10.4 M FINANCING CASH FLOW
79.82%
Balance Sheet Decomposition Broadstone Net Lease, Inc.
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Current Assets 275 M
Cash & Short-Term Investments 19.5 M
Receivables 154 M
Other Current Assets 101 M
Non-Current Assets 4.99 B
Long-Term Investments 0
PP&E 0
Other Non-Current Assets 4.99 B
Current Liabilities 104 M
Accounts Payable 24.5 M
Short-Term Debt 2.26 M
Other Current Liabilities 77.3 M
Non-Current Liabilities 1.96 B
Long-Term Debt 1.97 B
Other Non-Current Liabilities -8.26 M
EFFICIENCY
Earnings Waterfall Broadstone Net Lease, Inc.
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Revenue 443 M
Cost Of Revenue 22.6 M
Gross Profit 420 M
Operating Expenses 39.4 M
Operating Income 381 M
Other Expenses 218 M
Net Income 163 M
RATIOS
94.90% GROSS MARGIN
94.90%
86.00% OPERATING MARGIN
86.00%
35.11% NET MARGIN
35.11%
5.10% ROE
5.10%
2.95% ROA
2.95%
7.64% ROIC
7.64%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Broadstone Net Lease, Inc.
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Net Income 163 M
Depreciation & Amortization 153 M
Capital Expenditures -46.3 M
Stock-Based Compensation 6.36 M
Change in Working Capital -9.17 M
Others -43.9 M
Free Cash Flow 225 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Broadstone Net Lease, Inc.
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Wall Street analysts predict an average 1-year price target for BNL of $17.3 , with forecasts ranging from a low of $16 to a high of $18 .
BNL Lowest Price Target Wall Street Target
16 USD -6.98%
BNL Average Price Target Wall Street Target
17.3 USD 0.78%
BNL Highest Price Target Wall Street Target
18 USD 4.65%
4. DIVIDEND ANALYSIS
3.05% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Broadstone Net Lease, Inc.
image
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
97.8 K USD 1
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
427 K USD 4
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
6 months ago
May 14, 2024
Sell 97.8 K USD
Wiegel Molly
SVP - Human Resources & Admin
- 6320.28
15.48 USD
8 months ago
Feb 27, 2024
Bought 74.4 K USD
NARASIMHAN SHEKAR
Director
+ 5000
14.87 USD
8 months ago
Feb 26, 2024
Bought 147 K USD
COKE MICHAEL A
Director
+ 10000
14.672 USD
8 months ago
Feb 26, 2024
Bought 148 K USD
Moragne John David
Chief Executive Officer
+ 10000
14.7688 USD
8 months ago
Feb 26, 2024
Bought 58.5 K USD
Fennell Kevin
EVP & CFO
+ 4000
14.63 USD
1 year ago
Mar 17, 2023
Bought 100 K USD
Moragne John David
Chief Executive Officer
+ 5982
16.72 USD
1 year ago
Mar 17, 2023
Bought 104 K USD
Albano Ryan M
President & COO
+ 6200
16.742 USD
1 year ago
Mar 10, 2023
Bought 16.3 K USD
Caruso Michael B.
SVP, Corporate Strategy & IR
+ 1000
16.3316 USD
1 year ago
Mar 10, 2023
Bought 53.5 K USD
Fennell Kevin
EVP & CFO
+ 3250
16.45 USD
1 year ago
Feb 28, 2023
Sell 150 K USD
Pickney Roderick
SVP - Acquisitions
- 8404.388
17.8478 USD
1 year ago
Feb 27, 2023
Bought 179 K USD
COKE MICHAEL A
Director
+ 10000
17.92 USD
2 years ago
Mar 10, 2022
Sell 53 K USD
Lessard Laurier J Jr
SVP - Asset Management
- 2500
21.2 USD
2 years ago
Mar 01, 2022
Sell 86 K USD
Pickney Roderick
SVP - Acquisitions
- 4000
21.5 USD
3 years ago
Jun 10, 2021
Sell 98.6 K USD
Wiegel Molly
SVP - Human Resources
- 4000
24.64 USD
3 years ago
May 14, 2021
Sell 62.3 K USD
Pickney Roderick
SVP - Acquisitions
- 3000
20.76 USD
4 years ago
Sep 21, 2020
Bought 42.5 K USD
Lessard Laurier J Jr
SVP - Asset Management
+ 2500
17 USD
4 years ago
Sep 21, 2020
Bought 51 K USD
Pickney Roderick
SVP - Acquisitions
+ 3000
17 USD
4 years ago
Sep 21, 2020
Bought 102 K USD
Duckles Kristen
SVP & Chief Admin. Officer
+ 6000
17 USD
4 years ago
Sep 21, 2020
Bought 945 K USD
Hawkes Laurie A.
Director
+ 55600
17 USD
4 years ago
Sep 21, 2020
Bought 102 K USD
Czarnecki Christopher J
CEO & President
+ 6000
17 USD
5 years ago
Jan 10, 2019
Bought 0 USD
Cutt Sean T
Chief Investment Officer
+ 1163
0 USD
5 years ago
Nov 30, 2018
Bought 40 K USD
Czarnecki Christopher J
Chief Executive Officer
+ 465.116
86 USD
6 years ago
Dec 29, 2017
Bought 15 K USD
Czarnecki Christopher J
Chief Executive Officer
+ 185.185
81 USD
7 years ago
Jul 31, 2017
Bought 25 K USD
Czarnecki Christopher J
Chief Executive Officer
+ 312.5
80 USD
7. News
Helium One completes Colorado farm-in, looks forward to well drilling Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has confirmed the completion of its farm-in agreement with Blue Star Helium Ltd (ASX:BNL, OTC:BSNLF) (ASX: BNL) for a 50% stake in the Galactica-Pegasus helium project located in Las Animas, Colorado. The deal sees Helium One commit to cover $1.50 million of the costs of six development wells, with drilling slated to commence in the fourth quarter of 2024. proactiveinvestors.co.uk - 1 week ago
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 Albano - President and COO Kevin Fennell - CFO Conference Call Participants Eric Borden - BMO Anthony Paolone - JP Morgan Upal Rana - KeyBanc Capital Market Jay Kornreich - Wedbush Securities Caitlin Burrows - Goldman Sachs Ki Bin Kim - Truist Operator Hello, and welcome to the Broadstone Net Lease Third Quarter 2024 Earnings Conference Call. My name is Carla, and I'll be operator today. seekingalpha.com - 2 weeks ago
Broadstone Net Lease, Inc. (BNL) Misses Q3 FFO Estimates Broadstone Net Lease, Inc. (BNL) came out with quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to FFO of $0.36 per share a year ago. zacks.com - 2 weeks ago
Broadstone Net Lease Announces Third Quarter 2024 Results VICTOR, N.Y.--(BUSINESS WIRE)-- #commercialrealestate--Broadstone Net Lease Announces Third Quarter 2024 Results. businesswire.com - 2 weeks ago
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 diversified portfolio, strong balance sheet, and a 6.31% dividend yield, trading discounted to peers. CTO Realty Growth, a small-cap REIT, focuses on retail properties in high-growth sunbelt markets, offering a well-covered 7.81% dividend yield. seekingalpha.com - 3 weeks ago
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 dividend safety, growth and consistency, highlighting 5 that come with some of the highest yields. This month, we have 3 familiar names that make the screening regularly, but we also have 2 new names that we haven't touched on previously. seekingalpha.com - 4 weeks ago
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 trophy assets on the Las Vegas Strip and a strong management team, despite tenant concentration risks. Camden Property Trust offers a well-diversified multifamily portfolio, primarily in sunbelt markets, and is poised for growth as new supply peaks in 2024. seekingalpha.com - 1 month ago
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. businesswire.com - 1 month ago
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 focuses on dividend growth, making it a compelling choice for passive income investors. BNL's strategic shift towards industrial properties, driven by eCommerce growth, positions it for continued FFO and dividend growth. seekingalpha.com - 1 month ago
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 at least 20% undervalued, narrowing down to 11 based on dividend safety, balance sheet quality, and growth projections. Avoid high-yield "sucker" stocks and companies with declining revenues or weak balance sheets to minimize risk and ensure stable returns. seekingalpha.com - 1 month ago
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 industrial sector challenges, including oversupply and interest rate headwinds, BNL's strategic shift is seen as a sustainable step forward. Q2 2024 data shows signs of improving industrial space demand and reduced construction starts, indicating a potential market turnaround. seekingalpha.com - 2 months ago
Fed Ahead Following their worst week since mid-2023, U.S. equity markets rebounded this week while benchmark interest rates dipped to two-year lows as investors parsed a relatively encouraging slate of inflation data. The critical CPI and PPI reports showed that - excluding the dubious shelter component - consumer and producer price pressures now appear well-contained, following the painful pandemic-era inflation surge. The S&P 500 rallied 4.0%, lifting the major equity benchmark to within 0.5% of fresh record highs. The policy-sensitive 2-Year Treasury Yield dipped to the lowest level in two years. seekingalpha.com - 2 months ago
8. Profile Summary

Broadstone Net Lease, Inc. BNL

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COUNTRY US
INDUSTRY REIT - Diversified
MARKET CAP $ 3.24 B
Dividend Yield 3.05%
Description 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.
Contact 800 Clinton Square, Rochester, NY, 14604 https://www.broadstone.com
IPO Date Sept. 17, 2020
Employees 74
Officers Mr. John D. Callan Jr. Senior Vice President, General Counsel & Secretary Ms. Jennie O'Brien Senior Vice President & Chief Accounting Officer Mr. Will D. Garner Senior Vice President of Acquisitions Mr. Ryan M. Albano CPA President & Chief Operating Officer Mr. Kevin M. Fennell Executive Vice President, Chief Financial Officer & Treasurer Mr. Michael B. Caruso Senior Vice President of Underwriting & Strategy Ms. Molly Kelly Wiegel Senior Vice President of Human Resources & Administration