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Broadstone Net Lease, Inc. (BNL)

Real Estate | REIT - Diversified | Victor, United States | NYSE
21.09 USD -0.04 (-0.189%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 21.09

Short-term:★★★⯪☆Long-term:★★★☆☆Dividends:★★☆☆☆
Hot Take | Aug. 22, 2026, 3:06 a.m. EDT

Broadstone Net Lease presents a compelling case for income investors seeking a high yield, but the underlying business quality shows signs of stress that warrant caution. The 5.5% dividend yield is attractive, yet the payout ratio of 153% is a critical red flag; the company is distributing significantly more cash than it earns, which is unsustainable and risks cutting the dividend if leverage remains elevated. While recent news of a major Colorado deal and a return to positive year-over-year growth suggest the worst may be over, the stock is still trading well below its 2021 highs, reflecting lingering concerns about its debt load and the commercial real estate sector. For the short term, options flow indicates speculative buyers are betting on a bounce toward the $22.50 resistance, offering a moderate bullish bias. Long-term, the high yield provides a cushion, but until the payout ratio normalizes and the balance sheet strengthens, this remains a hold rather than a core buy.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.037002
MSTL0.037467
AutoARIMA0.040231
AutoETS0.040231

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 51%
H-stat 8.23
Ljung-Box p 0.000
Jarque-Bera p 0.159
Excess Kurtosis -0.71
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-09-29
Last Dividend Date 2026-06-29
Debt to Equity Ratio 89.326
Revenue per Share 2.514
Market Cap 4,489,989,632
Trailing P/E 27.75
Forward P/E 26.60
Beta 0.95
Profit Margins 30.61%
Website https://www.broadstone.com

As of Aug. 22, 2026, 3:06 a.m. EDT: Speculators are positioning for a modest upside move in the near term, evidenced by heavy open interest in out-of-the-money calls at the $22.5 strike compared to negligible put volume. However, the massive concentration of long-dated put open interest at the $17.5 strike suggests a significant floor is being established there, implying a belief that the stock could test or breach that level within the next year despite current bullish sentiment.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.42% 6.31% 6.82% 6.40%
Dividend History
Date Dividend Yield %
2026-06-30 0.293 1.417513
2026-03-31 0.293 1.603722
2025-12-31 0.290 1.669545
2025-09-30 0.290 1.622831
2025-06-30 0.290 1.806854
2025-03-31 0.290 1.701878
2024-12-31 0.290 1.828499
2024-09-30 0.290 1.530343
2024-06-28 0.290 1.827347
2024-03-27 0.285 1.845855
2023-12-28 0.285 1.632302
2023-09-28 0.280 1.981599
2023-06-29 0.280 1.796023
2023-03-30 0.275 1.638856
2022-12-29 0.275 1.689189
2022-09-29 0.270 1.768173
2022-06-29 0.270 1.305609
2022-03-30 0.265 1.205093
2021-12-30 0.265 1.081633
2021-09-29 0.255 1.022864
2021-06-29 0.255 1.095832
2021-03-30 0.250 1.375137
2020-12-30 0.250 1.287996
2020-09-29 0.135 0.804050
Additional Data
dividendRate 1.17
dividendYield 5.54
exDividendDate 2026-09-30
trailingAnnualDividendRate 1.165
trailingAnnualDividendYield 0.05513488
lastDividendValue 0.293
lastDividendDate 2026-06-30
dividendDate 2026-10-15

Info Dump

Attribute Value
52 Week Change 0.14247024
Address1 207 High Point Drive
Address2 Suite 300
All Time High 28.0
All Time Low 13.68
Ask 23.62
Ask Size 900
Audit Risk 3
Average Analyst Rating 1.8 - Buy
Average Daily Volume10 Day 1,898,540
Average Daily Volume3 Month 2,057,968
Average Volume 2,057,968
Average Volume10Days 1,898,540
Beta 0.951
Bid 21.09
Bid Size 1,700
Board Risk 1
Book Value 15.02
City Victor
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 1
Country United States
Crypto Tradeable 0
Currency USD
Current Price 21.09
Current Ratio 2.017
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 21.265
Day Low 21.085
Debt To Equity 89.326
Display Name Broadstone Net Lease
Dividend Date 1,792,022,400
Dividend Rate 1.17
Dividend Yield 5.54
Earnings Call Timestamp End 1,785,423,600
Earnings Call Timestamp Start 1,785,423,600
Earnings Growth 0.957
Earnings Quarterly Growth 0.974
Earnings Timestamp 1,785,355,200
Earnings Timestamp End 1,793,217,600
Earnings Timestamp Start 1,793,217,600
Ebitda 405,560,000
Ebitda Margins 0.85170996
Enterprise To Ebitda 16.833
Enterprise To Revenue 14.337
Enterprise Value 6,826,771,968
Eps Current Year 0.74109
Eps Forward 0.79281
Eps Trailing Twelve Months 0.76
Esg Populated 0
Ex Dividend Date 1,790,726,400
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 585 625 3680
Fifty Day Average 21.4732
Fifty Day Average Change -0.3831997
Fifty Day Average Change Percent -0.017845485
Fifty Two Week Change Percent 14.247025
Fifty Two Week High 23.1
Fifty Two Week High Change -2.0100002
Fifty Two Week High Change Percent -0.087013
Fifty Two Week Low 17.155
Fifty Two Week Low Change 3.9349995
Fifty Two Week Low Change Percent 0.22937915
Fifty Two Week Range 17.155 - 23.1
Financial Currency USD
First Trade Date Milliseconds 1,600,349,400,000
Five Year Avg Dividend Yield 6.13
Float Shares 189,596,012
Forward Eps 0.79281
Forward P E 26.601582
Free Cashflow 230,601,872
Full Exchange Name NYSE
Full Time Employees 62
Fullday Change -0.039999
Fullday Change Percent -0.1893
Fullday Price 21.09
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.9486
Gross Profits 451,694,016
Has Pre Post Market Data 1
Held Percent Insiders 0.00984
Held Percent Institutions 0.95056
Implied Shares Outstanding 212,896,604
Industry REIT - Diversified
Industry Disp REIT - Diversified
Industry Key reit-diversified
Ipo Expected Date 2,020-09-17
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,782,777,600
Last Dividend Value 0.293
Last Fiscal Year End 1,767,139,200
Long Business Summary 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. We target properties with credit-worthy tenants in industries characterized by positive business drivers and trends, where the properties are an integral part of the tenants' businesses and there are opportunities to secure long-term net leases. Through long-term net leases, our tenants can retain operational control of their strategically important locations, while allocating their debt and equity capital to fund core business operations rather than real estate ownership. Broadstone Net Lease, Inc. was established and incorporated on October 18th, 2017, in Maryland and is based in Victor, New York.
Long Name Broadstone Net Lease, Inc.
Market us_market
Market Cap 4,489,989,632
Market State CLOSED
Max Age 86,400
Message Board Id finmb_62454807
Most Recent Quarter 1,782,777,600
Net Income To Common 144,488,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 4,055,916,262
Number Of Analyst Opinions 10
Open 21.21
Operating Cashflow 283,017,984
Operating Margins 0.46188998
Overall Risk 1
Payout Ratio 1.5329
Phone 585 287 6500
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 21.09
Post Market Time 1,787,959,805
Previous Close 21.13
Price Eps Current Year 28.458082
Price Hint 2
Price To Book 1.4041278
Price To Sales Trailing12 Months 9.429364
Profit Margins 0.3061
Quick Ratio 2.003
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 1.81818
Region US
Regular Market Change -0.039999
Regular Market Change Percent -0.1893
Regular Market Day High 21.265
Regular Market Day Low 21.085
Regular Market Day Range 21.085 - 21.265
Regular Market Open 21.21
Regular Market Previous Close 21.13
Regular Market Price 21.09
Regular Market Time 1,787,947,203
Regular Market Volume 1,205,225
Return On Assets 0.026630001
Return On Equity 0.04922
Revenue Growth 0.083
Revenue Per Share 2.514
Sand P52 Week Change 0.20204377
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 2
Shares Outstanding 204,600,604
Shares Percent Shares Out 0.104499996
Shares Short 20,057,438
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 12,395,520
Short Name Broadstone Net Lease, Inc.
Short Percent Of Float 0.1402
Short Ratio 9.47
Source Interval 15
State NY
Symbol BNL
Target High Price 26.0
Target Low Price 20.0
Target Mean Price 23.7
Target Median Price 24.0
Total Cash 34,366,000
Total Cash Per Share 0.179
Total Debt 2,687,011,072
Total Revenue 476,171,008
Tradeable 0
Trailing Annual Dividend Rate 1.165
Trailing Annual Dividend Yield 0.05513488
Trailing Eps 0.76
Trailing P E 27.75
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 19.625
Two Hundred Day Average Change 1.4650002
Two Hundred Day Average Change Percent 0.07464969
Type Disp Equity
Volume 1,205,225
Website https://www.broadstone.com
Zip 14,564