BNL Stock - Broadstone Net Lease, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $431.80M | $442.89M | $407.51M | $382.88M | $321.64M |
| Gross Profit | $407.06M | $420.31M | $385.74M | $364.42M | $304.16M |
| Gross Margin | 94.3% | 94.9% | 94.7% | 95.2% | 94.6% |
| Operating Income | $212.89M | $380.89M | $193.56M | $195.91M | N/A |
| Net Income | $162.44M | $155.48M | $122.11M | $102.43M | $51.18M |
| Net Margin | 37.6% | 35.1% | 30.0% | 26.8% | 15.9% |
| EPS | $0.86 | $0.87 | $0.72 | $0.67 | $0.44 |
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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 1st 2025 | Cantor Fitzgerald | Initiation | Overweight | $21 |
| August 21st 2025 | Goldman | Upgrade | Buy | $21 |
| August 19th 2025 | KeyBanc Capital Markets | Upgrade | Overweight | $20 |
| July 28th 2025 | Wolfe Research | Upgrade | Outperform | $19 |
| December 17th 2024 | JMP Securities | Upgrade | Mkt Outperform | $21 |
| November 14th 2024 | UBS | Initiation | Neutral | $18 |
| August 19th 2024 | Wedbush | Initiation | Outperform | - |
| June 12th 2024 | KeyBanc Capital Markets | Initiation | Sector Weight | - |
| April 9th 2024 | Wolfe Research | Downgrade | Peer Perform | - |
| March 7th 2024 | Goldman | Initiation | Sell | $14 |
| December 18th 2023 | JP Morgan | Upgrade | Overweight | $19 |
| October 18th 2023 | Wolfe Research | Upgrade | Outperform | $17 |
| September 21st 2023 | JMP Securities | Initiation | Market Perform | - |
Earnings History & Surprises
BNLEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 28, 2026 | — | — | — | — |
Q1 2026 | Feb 18, 2026 | $0.37 | — | — | — |
Q4 2025 | Oct 29, 2025 | $0.37 | $0.14 | -62.2% | ✗ MISS |
Q3 2025 | Jul 30, 2025 | $0.37 | $0.10 | -73.0% | ✗ MISS |
Q2 2025 | Apr 30, 2025 | $0.36 | $0.09 | -75.0% | ✗ MISS |
Q1 2025 | Feb 19, 2025 | $0.20 | $0.14 | -30.0% | ✗ MISS |
Q4 2024 | Oct 30, 2024 | $0.21 | $0.19 | -9.5% | ✗ MISS |
Q3 2024 | Jul 30, 2024 | $0.17 | $0.19 | +11.8% | ✓ BEAT |
Q2 2024 | May 1, 2024 | $0.17 | $0.35 | +105.9% | ✓ BEAT |
Q1 2024 | Feb 21, 2024 | $0.18 | $0.03 | -83.3% | ✗ MISS |
Q4 2023 | Nov 1, 2023 | $0.17 | $0.26 | +52.9% | ✓ BEAT |
Q3 2023 | Aug 2, 2023 | $0.16 | $0.32 | +100.0% | ✓ BEAT |
Q2 2023 | May 3, 2023 | $0.15 | $0.21 | +40.0% | ✓ BEAT |
Q1 2023 | Feb 22, 2023 | $0.17 | $0.20 | +17.6% | ✓ BEAT |
Q4 2022 | Nov 2, 2022 | $0.17 | $0.16 | -5.9% | ✗ MISS |
Q3 2022 | Aug 3, 2022 | $0.16 | $0.20 | +25.0% | ✓ BEAT |
Q2 2022 | May 3, 2022 | $0.15 | $0.16 | +6.7% | ✓ BEAT |
Q1 2022 | Feb 22, 2022 | $0.13 | $0.19 | +46.2% | ✓ BEAT |
Q4 2021 | Nov 1, 2021 | $0.16 | $0.18 | +12.5% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | $0.14 | $0.14 | 0.0% | = MET |
Latest News
BTIG Maintains Buy on Broadstone Net Lease, Lowers Price Target to $21
📈 PositiveCitizens Reiterates Market Outperform on Broadstone Net Lease, Maintains $21 Price Target
📈 PositiveBroadstone Net Lease Reaffirms 2025 AFFO Outlook at $1.49–$1.50 Per Share, Targets More Growth in 2026
📈 PositiveTruist Securities Maintains Hold on Broadstone Net Lease, Raises Price Target to $20
➖ NeutralBroadstone Net Lease Raises FY2025 FFO Guidance from $1.48-$1.50 to $1.49-$1.50 vs $1.51 Est
➖ NeutralBroadstone Net Lease Q3 FFO $0.37 Misses $0.39 Estimate, Sales $114.167M Beat $113.595M Estimate
📉 NegativeCantor Fitzgerald Initiates Coverage On Broadstone Net Lease with Overweight Rating, Announces Price Target of $21
📈 PositiveBTIG Reiterates Buy on Broadstone Net Lease, Maintains $22 Price Target
📈 PositiveJMP Securities Reiterates Market Outperform on Broadstone Net Lease, Maintains $21 Price Target
📈 PositiveKeybanc Upgrades Broadstone Net Lease to Overweight, Announces $20 Price Target
📈 PositiveBroadstone Net Lease's quarter-to-date investments come at $83.3M vs. $88.3M in Q1
➖ NeutralFrequently Asked Questions about BNL
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