Broadstone Net Lease, Inc. (BNL) Stock Price & Analysis
Broadstone Net Lease, Inc. (BNL) closed at USD 17.55 on Thursday, October 22, 2026, up 1.86% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 17.23; the Oct 22, 2026 session ranged USD 17.15–17.74 on volume of 5,143,597 shares. Market capitalization is $3.74B, with a 52-week range of USD 17.13–23.1 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:11 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BNL.md
Key facts (BNL)
- Last four reported quarters (through Jun 30, 2026): revenue $476M, net income $146M (30.6% margin), free cash flow $257M (SEC filings).
- Valuation: P/E 25.6x (avg 25.5x at the last 3 fiscal year-ends), net debt $2.68B.
- Analysts: Buy (mean 2.18 on a 1–5 scale) (11 analysts), mean target USD 23.1 (range 20–26).
- Total return with dividends: 1Y -0.3% vs S&P 500 +14.9%; 5Y -7.4% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD 0.16, revenue estimate $122M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BNL)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $383M | $408M | $443M | $432M | $454M | $476M |
| Net income | $102M | $122M | $155M | $162M | $96.5M | $146M |
| EPS (diluted) | $0.67 | $0.72 | $0.83 | $0.86 | $0.50 | — |
| Free cash flow | $243M | $225M | $225M | $259M | $270M | $257M |
| Net margin | 26.8% | 30.0% | 35.1% | 37.6% | 21.2% | 30.6% |
| Revenue growth | +19.0% | +6.4% | +8.7% | -2.5% | +5.2% | — |
| Cash + short-term investments | $21.7M | $21.8M | $19.5M | $14.8M | $30.5M | — |
| Total debt | $1.70B | $2.03B | $1.92B | $1.92B | $2.52B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (BNL)
P/E 25.6x · P/S 7.8x · EV/Sales 13.5x · P/FCF 14.5x · P/B 1.3x · FCF yield 6.88% · Earnings yield 3.90% · Dividend yield (paid, TTM) 5.87% · Net debt $2.68B · EV $6.41B
P/E at fiscal year-ends: Dec 2025 35.6x, Dec 2024 19.2x, Dec 2023 21.7x.
Analysts (BNL)
Consensus Buy (mean 2.18 on a 1–5 scale), 11 analysts; mean target USD 23.1 (low 20, high 26).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-02 | Truist Securities | Upgrade | Hold → Buy | $22 → $21 |
| 2026-08-03 | Goldman Sachs | Target raised | Buy | $23 → $26 |
| 2026-07-31 | Cantor Fitzgerald | Target raised | Overweight | $22 → $24 |
| 2026-07-13 | BMO Capital | Target raised | Outperform | $24 → $26 |
| 2026-07-09 | Keybanc | Target raised | Overweight | $20 → $24 |
| 2026-06-26 | BTIG | Target raised | Buy | $21 → $23 |
Total return (dividends reinvested) (BNL)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -0.3% | -7.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -0.3% | -1.5% |
| Volatility (annualized) | 19.3% | 22.1% |
| Max drawdown | -23.4% (Jul 2026→Oct 2026) | -41.4% (Oct 2021→Oct 2023) |
BNL analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.16 | $0.19 | -17.0% | $122.4M | 6 |
| Next quarter (ends Dec 2026) | $0.16 | $0.20 | -16.8% | $126.6M | 6 |
| Current fiscal year (ends Dec 2026) | $0.74 | $0.80 | -7.3% | $492.0M | 4 |
| Next fiscal year (ends Dec 2027) | $0.67 | $0.81 | -17.2% | $542.9M | 6 |
BNL options: expected move
Options price a move of about ±6.4% (±$1.13) by Nov 20, 2026, which includes earnings on Oct 28, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 28.4% | ±6.4% |
| Feb 19, 2027 | 119 | 27.0% | ±12.4% |
| May 21, 2027 | 210 | 19.8% | ±13.9% |
30-day implied volatility 25.5% vs 20% realized over the last 30 trading days. Put/call ratio (volume) 0.03. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:11 UTC)
| Price | USD 17.55 |
|---|---|
| Change | ▲ 1.86% (up) |
| Previous Close | USD 17.23 |
| Open | USD 17.16 |
| Day Range | USD 17.15 – 17.74 |
| 52-Week Range | USD 17.13 – 23.1 |
| Volume | 5,143,597 shares |
| Market Cap | $3.74B |
| Exchange | NYQ |
Technical Analysis (BNL)
Nexqual's technical model rates BNL "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:11 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 29.37 (oversold) |
| vs SMA50 | Below (USD 19.61) |
| MACD | -0.56 (negative) |
Analyst Ratings (BNL)
Wall Street analysts rate BNL "Buy" based on 11 analysts, with a mean price target of USD 23.1 (range USD 20–26), per Nexqual as of October 23, 2026 at 10:11 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 11 |
| Mean Target | USD 23.1 |
| High Target | USD 26 |
| Low Target | USD 20 |
| Buy / Hold / Sell | 8 / 3 / 0 |
Earnings (BNL)
| Next Earnings Date | 2026-10-28 |
|---|---|
| EPS Estimate | USD 0.16 |
| Revenue Estimate | $122.40M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.19 vs est 0.19 ▲ beat |
| 2026-03-31 | USD 0.24 vs est 0.18 ▲ beat |
| 2025-12-31 | USD 0.2 vs est 0.17 ▲ beat |
| 2025-09-30 | USD 0.14 vs est 0.17 ▼ miss |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Financials & Fundamentals (BNL)
| Total Revenue | $476.17M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +8.30% |
| Gross Margin | +94.86% |
| Operating Margin | +46.19% |
| Profit Margin | +30.61% |
| ROE | +4.92% |
| Debt / Equity | 0.89 |
| Current Ratio | 2.02 |
| Total Cash | $34.37M |
| Total Debt | $2.69B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $257.11M (54.0% of revenue) |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Financial Health Score (BNL)
Nexqual rates Broadstone Net Lease, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 10:11 UTC.
| Growth | Solid — Revenue +5% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 95%, operating 46% (last 12 months) |
| Balance Sheet | Mixed — $11M cash and investments vs $2.69B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $257M (last 4 quarters to Jun 2026, SEC), 54% margin |
| Efficiency | Weak — ROE 5%, ROA 2.7% |
Ownership (BNL)
| Insider Ownership | +0.99% |
|---|---|
| Institutional Ownership | +94.78% |
| Shares Outstanding | 204.60M |
| Float | 189.59M |
| Short % of Float | +14.91% |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Leadership (BNL)
Broadstone Net Lease, Inc. is led by John D. Moragne, CEO & Director, per Nexqual as of October 23, 2026 at 10:11 UTC.
| CEO & Director | John D. Moragne |
|---|---|
| President & COO | Ryan M. Albano |
| Executive VP, CFO & Treasurer | Kevin M. Fennell |
| Senior Vice President of Real Estate Operations | Michael B. Caruso |
| Director of Corporate Finance & Investor Relations | Brent Maedl |
Major Backers & Investors (BNL)
Notable institutional backers of Broadstone Net Lease, Inc. include Alliancebernstein L.P., Invesco, Charles Schwab Investment Management, Inc., according to Nexqual as of October 23, 2026 at 10:11 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Alliancebernstein L.P. | 2.31% |
| Invesco | 2.24% |
| Charles Schwab Investment Management, Inc. | 1.94% |
| AEW Capital Management, LP | 1.7% |
| UNDISCOVERED MANAGERS Fd.S-Undiscovered Managers Behavioral Value Fd. | 1.26% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 17.96% |
| Vanguard Group | 14.94% |
| State Street | 5.64% |
| Geode Capital | 2.93% |
| Nuveen | 2.39% |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| GNL | Global Net Lease, Inc. | USD 7.28 | ▲ 2.25% |
| AAT | American Assets Trust, Inc. | USD 21.29 | ▲ 4.01% |
| ESRT | Empire State Realty Trust, Inc. | USD 4.93 | ▲ 5.57% |
| WPC | W. P. Carey Inc. REIT | USD 64.54 | ▲ 3.15% |
| JBGS | JBG SMITH Properties | USD 11.39 | ▲ 6.35% |
| SAFE | Safehold Inc. New | USD 11.33 | ▲ 6.29% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:11 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt