BNL

Based on Broadstone Net Lease, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

What does Broadstone Net Lease do?

Broadstone Net Lease acquires and manages single-tenant commercial properties leased on a long-term net basis. Tenants typically cover property operating costs, giving BNL a predictable income stream. The portfolio spans industrial, healthcare, restaurant, office, and retail properties across more than 40 US states and Canada.

Does BNL pay dividends?

Yes, BNL pays a regular dividend. As a REIT, the company is required to distribute the majority of its taxable income to shareholders. Net lease structures support relatively consistent cash flows, which underpin the dividend. Check BNL's investor relations page for current distribution details.

When does BNL report earnings?

Broadstone Net Lease reports earnings on a quarterly cadence, standard for US-listed REITs. For the exact schedule and most recent results, refer to the company's investor relations page.

Is BNL a good stock to buy?

UQS Score rates BNL as Good overall. Its Quality and Risk pillars are both Good, and Valuation also reads as Good. However, the Moat and Growth pillars are Weak, which is worth considering. Whether BNL fits your portfolio depends on your income goals and risk tolerance — view the full pillar breakdown on UQS Pro.

Is BNL overvalued?

BNL's Valuation pillar registers as Good under the UQS framework, suggesting the stock is not obviously expensive relative to its fundamentals. Net lease REITs are often evaluated on income yield and asset quality rather than growth multiples. The complete valuation metrics are available to UQS Pro members.

How does BNL compare to its competitors?

BNL's focus on single-tenant net leased commercial properties across multiple US sectors sets it apart from peers like DigitalBridge, which targets digital infrastructure, and Crombie or H&R, which are Canadian-focused diversified REITs. BNL's multi-sector, geographically spread approach aims to reduce concentration risk.

What is BNL's market cap bracket?

Broadstone Net Lease is classified as a mid-cap company. This places it in a range that typically offers more liquidity than small-cap REITs while remaining smaller than the largest diversified real estate investment trusts in the sector.

Who founded Broadstone Net Lease?

Broadstone Net Lease's founding history and leadership background are publicly available through the company's official investor relations materials and SEC filings, which provide the most accurate and current information.

Is BNL a long-term quality investment?

From a long-term quality perspective, BNL's Good Quality and Risk pillar ratings suggest a stable underlying business supported by durable lease structures. The Weak Growth and Moat ratings indicate limited competitive differentiation and modest expansion potential — factors that long-term investors should weigh carefully. The full analysis is available on UQS Pro.

What is the main competitive advantage of Broadstone Net Lease?

BNL's primary advantage lies in its internally managed structure and disciplined underwriting approach, which combines credit analysis with real estate fundamentals. Its diversification across property types and more than 40 states helps reduce tenant and geographic concentration risk, though the UQS Moat pillar rates this competitive position as Weak relative to peers.

What sector does BNL belong to?

BNL operates in the Real Estate sector, specifically as a net lease REIT. Net lease REITs are a distinct sub-category within real estate, characterized by long-term leases where tenants bear most property operating costs, generating relatively stable and predictable income for the landlord.

Is BNL a growth stock or value stock?

Based on the UQS pillar profile, BNL leans toward the value and income side of the spectrum. The Growth pillar is Weak, indicating limited near-term expansion expectations, while the Valuation pillar reads as Good. This profile is more consistent with an income-oriented holding than a high-growth real estate play.

Broadstone Net Lease, Inc. demonstrates outstanding capital efficiency and profitability, placing it among the highest-quality businesses in the market.

Broadstone Net Lease, Inc. shows steady but unspectacular growth, typical for mature companies.

Broadstone Net Lease, Inc. maintains a reasonable risk profile with manageable debt levels.

Broadstone Net Lease, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.

Broadstone Net Lease, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for BNL.

The UQS (Unified Quality Score) for Broadstone Net Lease, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Broadstone Net Lease, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Broadstone Net Lease, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.