# Broadstone Net Lease Inc. (BNL) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Real Estate / Equity Real Estate Investment Trusts (REITs). Price $20.81, market value $4.4 billion.

## Valuation
- **P/E (trailing): 27.4×** (5-yr avg 22.6×, 3-yr avg 22.6×). Broadstone Net Lease Inc. trades at 27.4× trailing earnings, well above its own five-year average of 22.6×: investors are paying up relative to the company's past. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 26.2×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 9.3×**. Each dollar of revenue is priced at 9.3×.
- **Price / book: 1.4×**. The shares trade at 1.4× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 5.8%** (5-yr avg 8.6%). Free cash flow equals 5.8% of the market value, below its five-year average of 8.6%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 3.7%**. The inverse of the P/E: 3.7% of the price is earned each year.

## Profitability
- **Net margin: 21.2%**. 21.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 3.3%**. 3.3% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 2.5%**. Each dollar of assets produces 2.5% of profit.

## Growth
- **Revenue growth (1 yr): 5.2%** (3-yr 3.7%/yr, 5-yr 7.1%/yr). Revenue grew 5.2% over the last year, against 7.1% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -41.9%** (3-yr -11.4%/yr, 5-yr 2.6%/yr). Earnings per share fell 41.9%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 6.3%/yr**. Free cash flow has compounded at 6.3% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.87**. Debt is 0.87 times equity, moderate leverage.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 5.62%** ($1.17 per share, trailing). Broadstone Net Lease Inc. yields 5.62%, an income-level yield.
- **Payout ratio: 227%** (85% of free cash flow). The dividend exceeds earnings (227% payout), though free cash flow still covers it.
- **Consecutive years of increases: 6**. 6 straight years of increases.
- **Dividend growth (5 yr): 24.7%/yr** (1-yr 0.4%). The dividend has compounded at 24.7% a year over five years, doubling roughly every 3 years at that pace.

## Analyst view
- **Analyst consensus: buy** (10 analysts). 10 analysts cover Broadstone Net Lease Inc.; the consensus is buy, with an average price target of $23.70 (+14% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 19.9%** (YTD 23.4%, 3-mo 2.5%). The shares are up 19.9% over twelve months including dividends.
- **From 52-week high: -9.9%** (21.3% above the low). Trading 10% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 43**. An RSI of 43 is neutral.
- **Beta (1 yr): 0.06** (volatility 19%). Beta of 0.06 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BNL · Page: https://foliofundamentals.com/stocks/bnl

Not investment advice.