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Broadstone Net Lease, Inc. (BNL)

Real Estate | REIT - Diversified | Victor, United States | NYSE
18.10 USD +0.10 (0.556%) ⇧ (Oct. 15, 2026, 2:43 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★★☆☆Dividends:★★☆☆☆
Hot Take ↕ | Oct. 10, 2026, 1:35 a.m. EDT

Broadstone Net Lease presents a classic value trap scenario where a generous headline yield masks deteriorating fundamentals. The company is paying out 153% of its earnings, meaning the dividend is being funded by debt or asset sales rather than organic profit growth, which is unsustainable. Despite a recent 24% rally in 2024, the stock has stalled, trading below its 50-day moving average, and the market has punished it with a multi-year decline trajectory. The heavy put open interest confirms that smart money sees limited upside here. While the balance sheet isn't collapsing yet, the payout ratio is a ticking time bomb that will likely force a cut or suspension soon, making the current yield a dangerous lure for income investors.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.086452
AutoETS0.088284
AutoARIMA0.088284
AutoTheta0.094609

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 54%
H-stat 6.56
Ljung-Box p 0.000
Jarque-Bera p 0.052
Excess Kurtosis -0.62
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-09-29
Last Dividend Date 2026-09-29
Debt to Equity Ratio 89.326
Revenue per Share 2.514
Market Cap 3,853,428,736
Trailing P/E 24.13
Forward P/E 26.31
Beta 0.94
Profit Margins 30.61%
Website https://www.broadstone.com

As of Oct. 10, 2026, 1:35 a.m. EDT: Speculators are positioning defensively with heavy put volume at the $20 strike for the November expiration, creating a significant wall of resistance. While there is some call interest at $22.50, the overwhelming open interest in puts suggests a fear of a downside test near the 52-week low rather than a breakout attempt.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.58% 6.27% 6.69% 6.51%
Dividend History
Date Dividend Yield %
2026-09-30 0.293 1.583784
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
dividendYield 6.39
exDividendDate 2026-09-30
trailingAnnualDividendRate 1.165
trailingAnnualDividendYield 0.06472222
lastDividendValue 0.293
lastDividendDate 2026-09-30
dividendDate 2026-10-15

Info Dump

Attribute Value
52 Week Change -0.030172408
Address1 207 High Point Drive
Address2 Suite 300
All Time High 28.0
All Time Low 13.68
Ask 18.12
Ask Size 1,400
Audit Risk 3
Average Analyst Rating 1.6 - Buy
Average Daily Volume10 Day 1,990,260
Average Daily Volume3 Month 2,023,859
Average Volume 2,023,859
Average Volume10Days 1,990,260
Beta 0.939
Bid 18.11
Bid Size 400
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 18.1
Current Ratio 2.017
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 18.355
Day Low 18.1
Debt To Equity 89.326
Display Name Broadstone Net Lease
Dividend Date 1,792,022,400
Dividend Yield 6.39
Earnings Call Timestamp End 1,793,304,000
Earnings Call Timestamp Start 1,793,304,000
Earnings Growth 0.957
Earnings Quarterly Growth 0.974
Earnings Timestamp 1,793,217,600
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 15.371
Enterprise To Revenue 13.092
Enterprise Value 6,233,822,720
Eps Current Year 0.73988
Eps Forward 0.68797
Eps Trailing Twelve Months 0.75
Esg Populated 0
Ex Dividend Date 1,790,726,400
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 585 625 3680
Fifty Day Average 19.9938
Fifty Day Average Change -1.8937988
Fifty Day Average Change Percent -0.094719306
Fifty Two Week Change Percent -3.0172408
Fifty Two Week High 23.1
Fifty Two Week High Change -5.0
Fifty Two Week High Change Percent -0.21645021
Fifty Two Week Low 17.155
Fifty Two Week Low Change 0.9449997
Fifty Two Week Low Change Percent 0.05508596
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 6.1
Float Shares 189,588,336
Forward Eps 0.68797
Forward P E 26.309288
Free Cashflow 230,601,872
Full Exchange Name NYSE
Full Time Employees 62
Fullday Change 0.10000038
Fullday Change Percent 0.55555767
Fullday Price 18.1
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.9486
Gross Profits 451,694,016
Has Pre Post Market Data 1
Held Percent Insiders 0.00987
Held Percent Institutions 0.94778
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 1,790,726,400
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 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. Utilizing an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting, as of June 30, 2026, BNL's diversified portfolio consisted of 766 individual net leased commercial properties with 759 properties located in 44 U.S. states and seven properties located in four Canadian provinces across the industrial, retail, and other property types. 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 3,853,428,736
Market State REGULAR
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 3,629,785,921
Number Of Analyst Opinions 10
Open 18.25
Operating Cashflow 283,017,984
Operating Margins 0.46188998
Overall Risk 1
Payout Ratio 1.5329
Phone 585 287 6500
Previous Close 18.0
Price Eps Current Year 24.463427
Price Hint 2
Price To Book 1.2050599
Price To Sales Trailing12 Months 8.092531
Profit Margins 0.3061
Quick Ratio 2.003
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 1.63636
Region US
Regular Market Change 0.10000038
Regular Market Change Percent 0.55555767
Regular Market Day High 18.355
Regular Market Day Low 18.1
Regular Market Day Range 18.1 - 18.355
Regular Market Open 18.25
Regular Market Previous Close 18.0
Regular Market Price 18.1
Regular Market Time 1,792,089,783
Regular Market Volume 1,620,731
Return On Assets 0.026630001
Return On Equity 0.04922
Revenue Growth 0.083
Revenue Per Share 2.514
Sand P52 Week Change 0.16440773
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 0.111099996
Shares Short 21,324,747
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 19,442,057
Short Name Broadstone Net Lease, Inc.
Short Percent Of Float 0.1491
Short Ratio 10.89
Source Interval 15
State NY
Symbol BNL
Target High Price 26.0
Target Low Price 20.0
Target Mean Price 23.6
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 0.06472222
Trailing Eps 0.75
Trailing P E 24.133333
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 19.88675
Two Hundred Day Average Change -1.7867489
Two Hundred Day Average Change Percent -0.0898462
Type Disp Equity
Volume 1,620,731
Website https://www.broadstone.com
Zip 14,564