Broadstone Net Lease Inc
Research Broadstone Net Lease Inc (BNL) on Bullrun: valuation model: 3.1% overvalued, market cap USD 4.13B, P/E 28.8, dividend yield 5.5%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerBNL
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Diversified
- CurrencyUSD
- Valuation signal3.1% overvalued
- Market capUSD 4.13B
- P/E28.8
- Dividend yield5.5%
- Financial periodQ2 2026
- RevenueUSD 122.31M
- Net incomeUSD 39.80M
- Free cash flowUSD 46.37M
- Gross margin95.2%
Valuation Snapshot
Bullrun's latest valuation model marks Broadstone Net Lease Inc as 3.1% overvalued; latest market cap is USD 4.13B; P/E is 28.8; dividend yield is 5.5%.
Peer valuation comparison
Latest P/E is 28.75x versus a Real Estate sector median of 14.84x (93.8% above).
Latest dividend yield is 5.52% versus a Real Estate sector median of 4.71% (17.3% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 454.14M | USD 96.50M | USD 269.79M | 94.9% | 0.5 | USD 30.54M | USD 2.52B | USD 2.90B |
| FY2024 | USD 431.80M | USD 162.44M | USD 259.46M | 94.3% | 0.86 | USD 14.85M | USD 1.92B | USD 3.00B |
| FY2023 | USD 442.89M | USD 155.48M | USD 224.82M | n/a | 0.83 | USD 19.49M | USD 1.92B | USD 3.05B |
| FY2022 | USD 407.51M | USD 122.12M | USD 224.54M | n/a | 0.72 | USD 21.79M | USD 2.03B | USD 3.09B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 4.13B | 28.8 | 5.4% | 1.17 |
| 2025 | 2025-12-31 | USD 3.33B | 34.7 | 6.7% | 1.16 |
| 2024 | 2024-12-31 | USD 2.99B | 18.7 | 7.3% | 1.16 |
| 2023 | 2023-12-29 | USD 3.22B | 17.4 | 6.6% | 1.13 |
| 2022 | 2022-12-30 | USD 3.02B | 23.2 | 6.7% | 1.09 |
| 2021 | 2021-12-31 | USD 4.03B | 37.6 | 4.2% | 1.04 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.17 USD, yield 5.5%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.16 USD |
| FY2024 | 1.16 USD |
| FY2023 | 1.12 USD |
| FY2022 | 1.09 USD |
About Broadstone Net Lease Inc
Broadstone Net Lease, Inc. is an industrial-focused, diversified net lease real estate investment trust (REIT) that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. We primarily, and selectively, invest in real estate across industrial and retail property types.
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Frequently asked questions
Is Broadstone Net Lease Inc overvalued or undervalued?
Bullrun's valuation model currently marks Broadstone Net Lease Inc as 3.1% overvalued.
What is Broadstone Net Lease Inc's market cap?
Broadstone Net Lease Inc's market capitalization is USD 4.13B.
What is Broadstone Net Lease Inc's P/E ratio?
Broadstone Net Lease Inc's price-to-earnings (P/E) ratio is 28.8.
Does Broadstone Net Lease Inc pay a dividend?
Broadstone Net Lease Inc has a dividend yield of 5.5%.
What does Broadstone Net Lease Inc do?
Broadstone Net Lease, Inc. is an industrial-focused, diversified net lease real estate investment trust (REIT) that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. We primarily, and selectively, invest in real estate across industrial and retail property types.