Broadstone Net Lease
BNL

$18.73

0.16%

Market Cap: $3.53B

About: Broadstone Net Lease Inc is an internally managed real estate investment trust that invests in, owns, and manages single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The company has selectively invested in net leased assets in the industrial, healthcare, restaurant, retail, and office property types. The company focuses on investing in real estate that is operated by creditworthy single tenants in industries characterized by positive business drivers and trends. The company targets properties that are an integral part of the tenants' businesses and are therefore opportunities to secure long-term net leases.

Employees: 74

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,728 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

5% more repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 96

3% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 40

0% more funds holding

Funds holding: 280 [Q1] → 281 (+1) [Q2]

0% less capital invested

Capital invested by funds: $2.4B [Q1] → $2.4B (-$5.85M) [Q2]

1.39% less ownership

Funds ownership: 81.37% [Q1] → 79.99% (-1.39%) [Q2]

19% less call options, than puts

Call options by funds: $3.75M | Put options by funds: $4.63M

33% less funds holding in top 10

Funds holding in top 10: 3 [Q1] → 2 (-1) [Q2]

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Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$16

15%

downside

Avg. target

$18

4%

downside

High target

$20

7%

upside

3 analyst ratings

1 positive

33%

1 neutral

33%

1 negative

33%

Goldman Sachs Caitlin Burrows 55% 1-year accuracy 18 / 33 met price target	15%downside $16	Sell Maintained	13 Sept 2024
Wedbush Jay Kornreich 100% 1-year accuracy 2 / 2 met price target	7%upside $20	Outperform Initiated	19 Aug 2024
Truist Securities Ki Bin Kim 73% 1-year accuracy 29 / 40 met price target	4%downside $18	Hold Maintained	16 Aug 2024

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Financial journalist opinion

Based on 8 articles about BNL published over the past 30 days

Buried Treasures: 11 Dramatically Undervalued REITs

REIT yields are becoming more competitive, especially with the likelihood of interest rate cuts and low inflation on the horizon. This article identifies 35 equity REITs yielding 4.75% or better and at least 20% undervalued, narrowing down to 11 based on dividend safety, balance sheet quality, and growth projections. Avoid high-yield "sucker" stocks and companies with declining revenues or weak balance sheets to minimize risk and ensure stable returns.

Buried Treasures: 11 Dramatically Undervalued REITs

Previous Thesis Panned Out, But Broadstone Net Lease Has More To Offer

Broadstone Net Lease's reorganization strategy aims to reduce healthcare properties and increase industrial property exposure, enhancing portfolio quality and long-term value. Despite recent industrial sector challenges, including oversupply and interest rate headwinds, BNL's strategic shift is seen as a sustainable step forward. Q2 2024 data shows signs of improving industrial space demand and reduced construction starts, indicating a potential market turnaround.

Previous Thesis Panned Out, But Broadstone Net Lease Has More To Offer

Following their worst week since mid-2023, U.S. equity markets rebounded this week while benchmark interest rates dipped to two-year lows as investors parsed a relatively encouraging slate of inflation data. The critical CPI and PPI reports showed that - excluding the dubious shelter component - consumer and producer price pressures now appear well-contained, following the painful pandemic-era inflation surge. The S&P 500 rallied 4.0%, lifting the major equity benchmark to within 0.5% of fresh record highs. The policy-sensitive 2-Year Treasury Yield dipped to the lowest level in two years.

Fed Ahead

If I Was Retiring In 10-20 Years With 10 REITs - Part 2

Younger investors can afford riskier REITs, but retirees need dependable income sources. Avoid mortgage and lodging REITs due to their volatility and economic sensitivity. Broadstone Net Lease offers a strong combination of safety, quality, yield, and value with a 6.34% dividend yield and investment-grade credit rating. CTO Realty Growth is transitioning to a shopping center REIT, offering a 7.79% dividend yield and trading at a discounted AFFO multiple.

If I Was Retiring In 10-20 Years With 10 REITs - Part 2

Broadstone Net Lease: Not All Industrial Is Created Equal

Net lease real estate has been unusually volatile over the past year due to interest rate speculation. BNL's portfolio is primarily industrial and being reshaped, divesting non-core healthcare assets and reinvesting in industrial and retail. Despite recent gains, BNL still trails the sector with discounted adjusted funds from operations per share multiple.

Broadstone Net Lease: Not All Industrial Is Created Equal

Broadstone Net Lease Provides an Update on Recent Business Activity and Announces Participation at the Wells Fargo 13th Annual Net Lease REIT Forum

VICTOR, N.Y.--(BUSINESS WIRE)--Broadstone Net Lease Provides an Update on Recent Business Activity and Announces Participation at the Wells Fargo 13th Annual Net Lease REIT Forum.

Broadstone Net Lease Provides an Update on Recent Business Activity and Announces Participation at the Wells Fargo 13th Annual Net Lease REIT Forum

3 Small Cap REITs With Big Yields

In this article, I will highlight three small cap REITs that are poised to deliver solid total returns from dividends and capital appreciation: CTO Realty Growth, Alpine Income Property Trust, and Broadstone Net Lease. Focus on identifying high-yield small-cap REITs that avoid "sucker yields" and have the potential for long-term shareholder value growth through thorough research. As REITs continue to rally (and rates decline in September), we will continue to provide readers with more actionable ideas like these.

3 Small Cap REITs With Big Yields

REIT Fantasy Football: 11 Companies To Start Your Team

Like football, REIT investing is about gaining control of real estate. REITs are becoming more attractive to income investors as inflation remains below average REIT yield and interest rates fall. With one company from each of the 19 equity REIT sectors, I offer a starting lineup of 11 companies, 6 reserves, and 2 water boys, for a solid REIT portfolio.

REIT Fantasy Football: 11 Companies To Start Your Team

Broadstone Net Lease: Meaningful Reorganization Progress And Strong Metrics Make It Buyable

Broadstone Net Lease is a diversified REIT that focuses on industrial properties, restaurants, healthcare, retail, and office spaces. BNL is implementing a healthcare portfolio simplification strategy to improve its overall quality and performance. The process concerns some investors, but BNL has already made meaningful progress. BNL's strong credit metrics, high occupancy rate, solid WALT, and high rent escalators make it an attractive investment opportunity with the potential for double-digit total returns.

Broadstone Net Lease: Meaningful Reorganization Progress And Strong Metrics Make It Buyable

Dividend Income: Lanny's July 2024 Summary

In July, we (my wife and I) received a dividend income total of $2,836.82. 2023 was up 24%. 7 months down in 2024 and the S&P 500 is still up almost 13%, despite the recent sell-offs. We have a high likelihood of a rate cut in September, but too much speculation is happening beyond that date. Time is ticking on that FOMC meeting.

Dividend Income: Lanny's July 2024 Summary

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