Stocks · Real Estate · REIT - Diversified
Broadstone Net Lease, Inc. BNL
$18.56 +1.70% Close, Oct 2, 2026 · NYSE · Market cap $3.56B
Low risk
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $0.74, up 43.1% year over year.
- Net debt is 6.3× EBITDA, a high level of leverage.
- Revenue over the last four quarters was $478.0M, up 6.8% from a year earlier.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 49%
- EPS growth (TTM, YoY)Top 30%
- FCF growth (TTM, YoY)Top 38%
- Revenue growth, 3-year CAGRBottom 43%
- Revenue growth accelerationTop 45%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 50%
- Gross marginBottom 43%
- Operating marginTop 18%
- Cash conversion (OCF / net income)Top 43%
- Accruals (lower is better)Bottom 38%
- Net debt / EBITDA (lower is better)Bottom 44%
- Interest coverTop 28%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 39%
- Free-cash-flow yieldTop 33%
- EBITDA / enterprise valueTop 43%
- Sales / enterprise valueBottom 23%
- P/E vs own 5-year history (lower is better)Bottom 40%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 24%
- 6-month returnTop 45%
- 1-year return vs S&P 500Top 34%
- Distance from 52-week highTop 46%
- Trend checklist (0–4)Top 41%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 38%
- Consecutive EPS beatsTop 32%
- Share of analysts rating BuyTop 11%
- Upside to consensus price targetTop 37%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 24%
- Maximum drawdown, 3 yearsTop 12%
- Beta vs S&P 500 (lower is better)Top 11%
- Net debt / EBITDA (lower is better)Bottom 44%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 6.2% | 6.8% | ↑ |
| EPS growth (YoY) | 7.1% | 43.1% | ↑ |
| Gross margin | 21.7% | 43.2% | ↑ |
| Operating margin | 48.5% | 48.9% | ↑ |
| FCF margin | 56.2% | 56.5% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 6.8% | 6.2% | ↑ | Top 49% |
| EPS growth (TTM, YoY) | 43.1% | 7.1% | ↑ | Top 30% |
| Gross margin | 43.2% | 21.7% | ↑ | Bottom 43% |
| Operating margin | 48.9% | 48.5% | ↑ | Top 18% |
| Net margin | 30.2% | 22.1% | ↑ | — |
| Free-cash-flow margin | 56.5% | 56.2% | ↑ | — |
| Return on invested capital | 3.9% | — | Top 50% | |
| Revenue growth, 3-year CAGR | 3.9% | — | Bottom 43% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.96×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.4%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 2.2%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -103.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 6.34×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 2.2×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 6.16%
- Net buyback yield (TTM)
- 0.00%
- Shareholder yield
- 6.16%
- Share count change, 1 year
- +1.7%
- Share count change, 3-year CAGR
- +0.7%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 29, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 2 of 8
- Average EPS surprise, last 4
- -5.0%
- Average 2-day reaction, last 8
- -0.9%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $24.00
- Target vs current price
- +29.3%
- Analysts with a rating
- 13
- Share rating Buy or Strong Buy
- 77%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 29, 2026 | +9.7% | -1.1% | -5.5% | -3.8% | — |
| Apr 29, 2026 | +33.9% | -0.5% | -1.3% | +1.9% | +11.6% |
| Feb 18, 2026 | -1.5% | -1.7% | -2.9% | -0.6% | -0.2% |
| Oct 29, 2025 | -62.2% | -3.2% | -2.9% | -4.3% | -0.3% |
| Jul 30, 2025 | -73.0% | -1.2% | +4.8% | +13.7% | +16.4% |
| Apr 30, 2025 | -75.0% | +0.8% | -0.5% | -1.8% | -1.1% |
| Feb 19, 2025 | -30.0% | -0.8% | +5.4% | +9.8% | +0.7% |
| Oct 30, 2024 | -9.5% | +0.6% | -2.0% | -3.1% | -10.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 29, 2026 | $0.21 | $0.19 | +9.7% | $122.3M |
| Apr 29, 2026 | $0.24 | $0.18 | +33.9% | $121.4M |
| Feb 18, 2026 | $0.17 | $0.17 | -1.5% | $118.3M |
| Oct 29, 2025 | $0.14 | $0.37 | -62.2% | $114.2M |
| Jul 30, 2025 | $0.10 | $0.37 | -73.0% | $113.0M |
| Apr 30, 2025 | $0.09 | $0.36 | -75.0% | $108.7M |
| Feb 19, 2025 | $0.14 | $0.20 | -30.0% | $112.1M |
| Oct 30, 2024 | $0.19 | $0.21 | -9.5% | $108.4M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 25.1× | 26.6× | 43th | Top 39% |
| P/E (forward) | 24.3× | — | — | — |
| EV / EBITDA | 14.7× | — | — | Top 43% |
| EV / Sales | 13.12× | — | — | Bottom 23% |
| Free-cash-flow yield | 7.59% | — | — | Top 33% |
| Earnings yield | 3.99% | — | — | Top 39% |
P/E over the past five years
Range 14.5× – 54.8× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +1.1%
- Earnings per share growth (TTM)
- +43.1%
- Change in P/E multiple
- -4.7%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -4.3%
- 200-day average slope (20 days)
- +0.9%
- Distance from 50-day average
- -9.7%
- Distance from 200-day average
- -6.5%
- RSI (14)
- 27.2
- Relative volume
- 1.07×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 19.1%
- Volatility vs own 5-year history
- 27th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.14
- Correlation with S&P 500
- 0.11
- Current drawdown from 1-year high
- -18.7%
- Maximum drawdown, 3 years
- -22.3%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Sep 2, 2021 | Oct 25, 2023 | -50.6% | 539 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $3.56B
- P/E (TTM)
- 25.1
- EPS, diluted (TTM)
- $0.74
- Revenue (TTM)
- $478.0M
- Dividend yield
- 6.29%
- 52-week range
- $17.16 – $23.10
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $383.2M | $408.9M | $448.1M | $438.8M | $459.1M |
| Gross profit | $100.6M | $77.6M | $108.3M | $101.7M | $108.0M |
| Operating income | $196.0M | $193.6M | $222.3M | $212.9M | $228.2M |
| Net income | $102.5M | $116.4M | $157.2M | $156.2M | $102.9M |
| EPS (diluted) | $0.67 | $0.72 | $0.83 | $0.86 | $0.50 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $109.8M | $112.9M | $111.8M | $113.0M | $114.9M | $119.4M | $121.4M | $122.3M |
| Net income | $36.5M | $21.7M | $17.2M | $23.6M | $25.2M | $33.1M | $46.4M | $39.8M |
| EPS (diluted) | $0.19 | $0.13 | $0.09 | $0.11 | $0.14 | $0.16 | $0.23 | $0.21 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $244.9M | $255.9M | $271.1M | $276.3M | $299.5M |
| Capital expenditure | -$1.6M | -$31.4M | -$46.3M | -$16.8M | -$29.7M |
| Free cash flow | $243.3M | $224.5M | $224.8M | $259.5M | $269.8M |
| Dividends paid | -$154.5M | -$181.2M | -$207.5M | -$216.8M | -$218.8M |
| Net share buybacks | $0 | $0 | -$180,000 | -$996,000 | $37.9M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $11.1M
- Total assets
- $5.87B
- Total liabilities
- $2.86B
- Total debt
- $2.73B
- Net debt
- $2.71B
- Shareholders’ equity
- $2.88B
As of Jun 30, 2026 (filed Jul 29, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 30, 2026 | $0.29 | Oct 15, 2026 |
| Jun 30, 2026 | $0.29 | Jul 15, 2026 |
| Mar 31, 2026 | $0.29 | Apr 15, 2026 |
| Dec 31, 2025 | $0.29 | Jan 15, 2026 |
| Sep 30, 2025 | $0.29 | Oct 15, 2025 |
| Jun 30, 2025 | $0.29 | Jul 15, 2025 |
| Mar 31, 2025 | $0.29 | Apr 15, 2025 |
| Dec 31, 2024 | $0.29 | Jan 15, 2025 |
Short interest
- Shares sold short
- 20,145,672
- Days to cover
- 11.56
- Change vs previous report
- +3.6%
FINRA short interest, settlement date Sep 15, 2026.