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Broadstone Net Lease, Inc. (BNL) stock

BNLNYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 15/304% below fair value
$17.48−0.21 (-1.19%)

Close on Nov 12, 2026Market cap $3.36BP/E 23.0Yield 6.64%

Broadstone Net Lease, Inc. grew revenue 8.0% to $483.87M over the twelve months to Sep 30, 2026. Free cash flow was $262.93M, up 5.5% from a year earlier. At the latest close the market valued the company at $3.36B, 23.0 times its earnings.

Revenue
$483.87M
+8.0% vs. a year earlier
Free cash flow
$262.93M
+5.5% vs. a year earlier
EPS, diluted
$0.76
+65.2% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$3.36B
P/E ratio
23.0
Price to sales
6.94
Price to book
1.17
Dividend yield
6.64%
Free cash flow yield
7.83%

Fundamentals

Revenue
$483.87M
Net income
$146.41M
EPS, diluted
$0.76
Free cash flow
$262.93M
Book value per share
$14.26
Diluted shares
201M

Trading

Next earnings
Feb 17, 2027 (estimated, after the close)
Previous close
$17.69
Open
$17.76
Day's range
$17.47 – $17.76
Volume
1,152,748
Average volume (20 days)
3,511,596
Index membership
S&P SmallCap 600 (since May 2026), Russell 2000 (since Dec 2020), Russell 3000 (since Nov 2020)
Beta (5 years)
0.57
52-week range
$16.70 – $23.10
RSI (14 days)
42.9
Volatility (1 year)
19.9%
Relative volume
0.48×
WACC
7.7%

Index membership is inferred from the holdings of funds that track each index (SPSM, IJR, IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2020, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

PeriodBNLS&P 500DifferenceBNL per yearS&P 500 per year
1 month-5.1%-2.7%−2.4 pts
3 months-15.7%-1.7%−14.0 pts
Year to date+5.3%+11.9%−6.6 pts
1 year+2.7%+12.0%−9.3 pts
3 years+47.2%+78.2%−31.0 pts+13.8%+21.2%
5 years-6.9%+73.2%−80.1 pts-1.4%+11.6%

Twelve years at a glance

Fiscal years 2014 to 2025 and trailing twelve months, USD

Revenue

$483.87M+8.0% YoY

Operating income

–

Net income

$146.41M+63.1% YoY

EPS, diluted

$0.76+65.2% YoY

Free cash flow

$262.93M+5.5% YoY
Reported periodTrailing twelve months

Press releases

Releases Broadstone Net Lease filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Broadstone Net Lease

Real Estate Investment Trusts

The company is an industrial-focused net lease real estate investment trust that acquires, develops, and manages single-tenant commercial properties. It leases these facilities to businesses under long-term net contracts, allowing tenants to retain operational control of their locations. Its portfolio concentrates on industrial and retail real estate, alongside office and healthcare assets. Industrial properties include distribution warehouses, manufacturing facilities, food processing plants, and cold storage units. Retail locations encompass general merchandise stores, quick-service eateries, and casual dining restaurants. Its customers are commercial tenants and brand operators spanning diverse industries, including logistics, food, and retail.

Company profile, executives and history

Broadstone Net Lease stock: common questions

What is Broadstone Net Lease's stock price?

BNL closed at $17.48 on Nov 12, 2026, down 1.19% on the day. Over the past 52 weeks it traded between $16.70 and $23.10.

What is Broadstone Net Lease's market cap?

Broadstone Net Lease was worth $3.36B at the close on Nov 12, 2026: the share price times the diluted shares outstanding.

What is BNL's P/E ratio?

BNL trades at 23.0 times earnings, based on diluted earnings per share of $0.76 over the twelve months to Sep 30, 2026.

How much revenue does Broadstone Net Lease make?

Broadstone Net Lease reported revenue of $483.87M for the twelve months to Sep 30, 2026, up 8.0% from a year earlier.

Does Broadstone Net Lease pay a dividend?

Yes. Broadstone Net Lease paid $1.16 per share over the last twelve months, a yield of 6.64% at the latest price, and has raised its annual dividend 2 years in a row.

When does Broadstone Net Lease report earnings next?

Broadstone Net Lease is expected to report Q4 FY2026 results on Feb 17, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.

How has BNL stock performed over the past year?

Including dividends, BNL returned +2.7% over the past year, against +12.0% for the S&P 500.

How many BNL shares are sold short?

20M shares were sold short at the latest FINRA report, 10.77% of the float, or 5.8 days of average trading volume.

Who are Broadstone Net Lease's competitors?

Companies most similar to Broadstone Net Lease by business, industry and size include GNL, EPRT, FR, NTST, FCPT.

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