BROADSTONE NET LEASE INC (BNL)
Real Estate · Net Lease REIT · NYSE
A diversified industrial REIT generating stable long-term net lease revenue from a portfolio of 771 single-tenant properties across 44 U.S. states and Canada.
What BROADSTONE NET LEASE INC does
Broadstone Net Lease is an industrial-focused REIT that owns and leases single-tenant commercial real estate properties on a long-term net lease basis to diversified creditworthy tenants. As of December 31, 2025, the company's portfolio comprises 771 properties (764 in 44 U.S. states and seven in four Canadian provinces) totaling approximately 41.6 million rentable square feet, with a 99.8% occupancy rate. The company generates revenue through lease payments, with portfolio diversification across industrial, retail, distribution, warehouse, manufacturing, food processing, and quick-service restaurant properties, supported by significant tenant and geographic diversification across 206 tenants and 57 industries.
Themes: ["Net lease REIT","Industrial real estate","Single-tenant commercial properties","Long-term lease agreements","Distribution and warehouse properties","Real estate income generation"]
Fundamentals
- Price$21.61 as of 2026-07-09 close
- Market cap$4.1B as of 2026-07-10
- 1-year return+36.3% as of 2026-07-09 close
- P/E32.86 as of 2026-07-10
- Net margin+27.0% as of 2026-07-10
- Gross margin+87.5% as of 2026-07-10
- ROE+4.3% as of 2026-07-10
- Debt / equity0.91 as of 2026-07-10
- Revenue growth (YoY)+7.3% as of 2026-07-10
- Revenue CAGR (3y)+3.7% SEC XBRL
- Beta0.97 as of 2026-07-10
Dividend: yield +5.4%; 3-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Tenant credit losses and default risk: the company depends on tenants' ability to pay rent, and while diversified across 206 tenants and 57 industries, economic downturns or industry-specific disruptions could impair collections and property values.","Interest rate and debt refinancing risk: with significant unsecured debt outstanding ($1.2 billion senior notes, $1.0 billion term loans, and $398 million revolving credit facility), rising rates increase borrowing costs and refinancing risk, particularly as debt matures.","Property valuation and lease rollover risk: properties under net leases may face challenges at lease expiration; inability to re-lease or declining market rents could reduce future income, and economic conditions affecting tenants' core business operations could trigger early lease termination or renegotiation pressures."]
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.