Broadstone Net Lease, Inc. (BNL) Valuation — DCF, Graham & Comparables

Broadstone Net Lease, Inc. (BNL) — Price $17.10 (closing price, October 30, 2026) — Real Estate — REIT - Diversified — NYSE

Latest reported results:

Valuation dashboard for Broadstone Net Lease, Inc. (BNL) with P/E 23.11, P/B 1.14, EV/EBITDA 14.06 and dividend yield 6.83%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Real Estate companies.

Broadstone Net Lease, Inc. (BNL) operates as a self-managed Real Estate Investment Trust. Its strategy focuses on acquiring, owning, and overseeing primarily single-tenant commercial properties that are subject to long-term net leases with a varied tenant base. The company's investment approach is anchored by robust fundamental credit evaluations and judicious real estate underwriting. As of September 30, 2020, BNL's diverse portfolio comprised 627 properties.

Analysis Summary

Broadstone Net Lease, Inc. reported revenue of $459.1M in the most recent fiscal year, growing at a 5-year CAGR of 7.2%. Net income reached $102.9M, with a 15.0% 5-year CAGR.

Trailing-twelve-month margins: gross margin 60.4%, operating margin 46.9%, net margin 30.2%.

At $17.10 (closing price, October 30, 2026), BNL trades at a P/E of 23.11 and an ROE of 5.07%. Market capitalisation stands at $3.3B.

Balance sheet quality for BNL: current ratio of 288.3. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio23.11
Price / Book1.14
EV / EBITDA14.06
Dividend Yield6.83%

Valuation Models

DCF Fair Value$24.08
vs Current Price+40.8%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
BNLBroadstone Net Lease, Inc.$3.3B23.111.145.1%
PSAPublic Storage$60.7B34.014.1218.0%
VNOVornado Realty Trust$6.5B1,043.811.121.1%
NHINational Health Investors, Inc.$3.3B19.382.0611.0%
SKTTanger Inc.$4.2B33.426.2418.6%
JOEThe St. Joe Company$4.0B33.035.1915.8%
RYNRayonier Inc. REIT$5.8B40.080.582.0%

Price

Price$17.10 (closing price, October 30, 2026)
Market Cap$3.3B
ExchangeNYSE
CountryUS

Profitability

Return on Equity5.07%
Return on Invested Capital3.81%
Return on Assets2.41%
Gross Margin60.37%
Operating Margin46.88%
Net Margin30.19%

Related companies: PSA · VNO · NHI · SKT · JOE · RYN

Explore sector: Real Estate · REIT - Diversified

More sections of BNL: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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