profit from every $100 of sales.
$0$100
Broadstone Net Lease
$17.48-1.19% today
-3.5% in 1 year
1-year low $16.861-year high $22.84
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $36.28 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Broadstone Net Lease sold, what it kept, and what it did with the cash.
Sales went from $408 million in 2022 to $454 million in 2025, with $96.5 million of profit last year.
SalesProfit
Broadstone Net Lease handed back 81% of the cash it generated last year.
$219M
Free cash flow 2025$270M
Bought back its own shares–
Paid as dividends$219M
Cash vs. debt$31M vs. $2.5B
Broadstone Net Lease vs. similar companies
Broadstone Net Lease grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Broadstone Net Lease | 36.3× · Expensive | ||
 GOOD Group Stapled [GMG] | 36.3× · Expensive | ||
 W. P. Carey | 32.0× · Expensive | ||
 Land Securities Group | 16.8× · Fair price | ||
 Fibra UNO | 5.8× · Cheap |
AI analysis
An AI analyst reads Broadstone Net Lease's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 408 | 443 | 432 | 454 | |
| 386 | 420 | 407 | 431 | |
| 194 | 222 | 213 | 228 | |
| 364 | 403 | 400 | 359 | |
| 122 | 155 | 162 | 96 | |
| 0.72 | 0.83 | 0.86 | 0.50 | |
| 94.7% | 94.9% | 94.3% | 94.9% | |
| 47.5% | 50.2% | 49.3% | 50.2% | |
| 30.0% | 35.1% | 37.6% | 21.2% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 5,458 | 5,269 | 5,216 | 5,717 |
| Cash | 22 | 19 | 15 | 31 |
| Total debt | 2,023 | 1,911 | 1,913 | 2,508 |
| Total liabilities | 2,195 | 2,074 | 2,075 | 2,684 |
| 3,093 | 3,049 | 3,004 | 2,902 | |
| 180 | 196 | 197 | 198 | |
| 3.2% | 3.9% | 3.9% | 2.8% | |
| 3.9% | 5.1% | 5.4% | 3.3% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 256 | 271 | 276 | 299 | |
| 31 | 46 | 17 | 30 | |
| 225 | 225 | 259 | 270 | |
| Dividends paid | 181 | 208 | 217 | 219 |
| 0 | 0 | 1 | – | |
| 5 | 6 | 7 | 10 |
Valuation
- 36.3×
- 23.8×
- –
- 1.3×
- 7.7×
- 13.0×
- 16.6×
- 7.7%
- 2.8%
- 5.8%
Profitability
- 94.9%
- 50.2%
- 21.2%
- 86.2%
- 4.2%
- 2.6%
- 4.4%
- 2.2%
- 4.1%
- –
Growth
- +3.7%
- −11.4%
- +4.0%
- +24.7%
- +5.3%
Financial health
- 6.6×
- 0.93
- 45.8%
- 2.4×
- 304.89
- 304.89
- 0.08
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 46%of 744
Top 38%of 750
Bottom 18%of 665
Bottom 34%of 760
Top 35%of 761
What analysts expect
- Average price target
- $20.40
- Range
- $19.00 – $22.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 29, 2026 | 0.24 | 0.18 | +33.9% |
| Feb 18, 2026 | 0.17 | 0.17 | −1.5% |
| Oct 29, 2025 | 0.14 | 0.37 | −62.2% |
| Jul 30, 2025 | 0.10 | 0.37 | −73.0% |
| Apr 30, 2025 | 0.09 | 0.36 | −75.0% |
| Feb 19, 2025 | 0.14 | 0.20 | −30.0% |
| Oct 30, 2024 | 0.19 | 0.21 | −9.5% |
| Jul 30, 2024 | 0.19 | 0.17 | +11.8% |
5.8%of the share price, paid each year
On $1,000 invested$58a year at today's yield, before tax
+24.7%2020 to 2025
Raised5 yearsin a row, in our data
Paid per share, each year
$0.39 in 2020 → $1.16 in 2025
How safe it looks
226.7% of its profit
Room to growStretchedMore than it earns: 81.1%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
52No pass
Benjamin Graham
54No pass
Philip Fisher
43No pass
Peter Lynch
24No pass
Joel Greenblatt
42No pass
Charlie Munger
54No pass
Terry Smith
50No pass
Questions about Broadstone Net Lease
Is Broadstone Net Lease a good stock to buy?
A business with weak numbers, but the price is high. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Broadstone Net Lease AI analysis
What does Broadstone Net Lease do?
BNL is an internally-managed REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. It is in REIT - Diversified, based in Victor, NY, United States, with 62 employees.
Does Broadstone Net Lease pay a dividend?
Yes. At today's price the dividend is 5.8% a year, about 227% of its yearly profit. In 2025 it paid out $219 million in dividends.
Is Broadstone Net Lease stock halal?
No. Broadstone Net Lease does not pass our halal screen: its debt is 72% of its market value, at or above the 33% limit. How we check
How has Broadstone Net Lease stock done over the past year?
Down 3.5% over the past twelve months, to $17.48. It traded between $16.86 and $22.84 and is 23.5% below its high.
Who are Broadstone Net Lease's competitors?
The largest listed companies in the same industry are GOOD Group Stapled [GMG], W. P. Carey, Land Securities Group and Fibra UNO. The peers table on this page compares their profit, growth and price with Broadstone Net Lease's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.