Broadstone Net Lease, Inc. | REIT Profile

CIK: BNL
CIK: 1424182
Exchange: NYSE
Founded: 2007 (15 years)
HQ: Rochester, NY, United States
Type of REIT: Equity REIT
Listing Status: Public, Non-Listed
Market Capitalization: Mid-Cap
REIT Sector: Industrial, Health Care, Office, Retail
Internally Managed REIT

See BNL on SEC.gov

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About Broadstone Net Lease, Inc.

Broadstone Net Lease, Inc. (NYSE: 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. The Company utilizes an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting. As of September 30, 2020, BNL's diversified portfolio consisted of 627 properties in 41 U.S. states and one property in Canada across the industrial, healthcare, restaurant, office, and retail property types, with an aggregate gross asset value of approximately $4.0 billion.


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Stock Chart

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$22.01 $22.08 $21.83 $21.98 $21.98 $21.98 75,320 $0.03 0.14% $3,810,261,590 N/A $26.75 $18.72 -9.08%

Last update: 2022-08-09 10:03:29 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 6.8

Hightlights of Trading Day August 8, 2022


Open Price: $21.93
Closing Price: $21.98
Price Change: 0.19 (0.872%)
Lowest Price: $21.83
Highest Price: $22.12
52-Week Low: $18.72
52-Week High: $26.75
52-Week Change: -14.94%
5 Day Price Change: -3.88%
1 Month Price Change: 2.16%
3 Month Price Change: 10.20%
6 Month Price Change: 1.58%
YTD Price Change: -10.00%
1 Year Price Change: -14.94%
2 Year Price Change: 28.59%
5 Year Price Change: 28.59%

Dividend of Trading Day August 8, 2022


Dividend Yield: 4.914%*
Annualized Dividend: $1.08*
Dividend Yield (TTM): 4.755%
Annualized Dividend (TTM): $1.0362
Ex-Dividend Date: 2022-06-29
Next Ex-Dividend: 2022-09-29
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for BNL.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q1 AFFO $--- $--- ---%
2022 Q1 FFO $--- $--- ---%
2021 Q4 AFFO $--- $--- ---%
2021 Q4 FFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day August 8, 2022


Total Cash: N/A
Current Debt: N/A
Revenue: N/A
Gross Profit: N/A
Total Revenue: N/A
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): N/A
Revenue Per Share: N/A
Revenue Per Employee: N/A
Employee: 71
Debt to Equity Ratio (D/E): N/A
Profit Margin: N/A
Enterprise Value (EV): N/A
Enterprise Value to Revenue (EV/R): N/A
Price to Sales (P/S): N/A
Price to Book (P/B): N/A
Price/Earnings-to-Growth (PEG) Ratio: N/A
P/E Ratio: N/A
P/E High: N/A
P/E Low: N/A
Forward P/E Ratio: 39.43
Market Capitalization: $3,805,068,140
Beta: 0.68
Latest Volume: 422,978
Avg. Total Volume: 466,453
Avg. 10-Day Volume: 407,678
Avg. 30-Day Volume: 466,453
TTM EPS: N/A
Shares Outstanding: 173,115,020
Float: N/A
50-Day Moving Avg.: $21.46
200-Day Moving Avg.: $21.11

Latest REIT Community Comments on #BNL


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Properties Owned by BNL


BNL Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $17.50 per share you would have been able to buy 57 shares of BNL on 2021-08-09 costing $997.50 @ $17.50 per share you would have been able to buy 28 shares of BNL on 2021-08-09 costing $490.00 @ $17.50 per share you would have been able to buy 14 shares of BNL on 2021-08-09 costing $245.00 @ $17.50 per share you would have been able to buy 5 shares of BNL on 2021-08-09 costing $87.50 @ $17.50 per share you would have been able to buy 2 shares of BNL on 2021-08-09 costing $35.00
Current worth On 2022-08-08 these 57 shares would be worth $1,252.86 @ $21.98 On 2022-08-08 these 28 shares would be worth $615.44 @ $21.98 On 2022-08-08 these 14 shares would be worth $307.72 @ $21.98 On 2022-08-08 these 5 shares would be worth $109.90 @ $21.98 On 2022-08-08 these 2 shares would be worth $43.96 @ $21.98
Dividends earned $60.14 in dividends would have been earned since 2021-08-09 with 57 shares. $30 in dividends would have been earned since 2021-08-09 with 28 shares. $14.77 in dividends would have been earned since 2021-08-09 with 14 shares. $5.28 in dividends would have been earned since 2021-08-09 with 5 shares. $2.11 in dividends would have been earned since 2021-08-09 with 28 shares.
Net (gain / loss)* 315.50 USD 154.98 USD 77.49 USD 27.68 USD 11.07 USD
ROI** 31.63% 31.63% 31.63% 31.63% 31.63%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by BNL. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
BNL 2022-06-29 0.270 1.89% 2022-04-29 2022-06-30 2022-07-15
BNL 2022-03-30 0.265 --- 2022-02-17 2022-03-31 2022-04-15
BNL 2021-12-30 0.265 3.92% 2021-10-28 2021-12-31 2022-01-15
BNL 2021-09-29 0.255 --- 2021-08-03 2021-09-30 2021-10-15
BNL 2021-06-29 0.255 2.00% 2021-04-30 2021-06-30 2021-07-15
BNL 2021-03-30 0.250 --- 2021-02-19 2021-03-31 2021-04-15
BNL 2020-12-30 0.250 85.19% 2020-11-05 2020-12-31 2021-01-15
BNL 2020-09-29 0.135 --- 2020-08-04 2020-09-30 2020-10-15

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2020-09-30
Current Cash 108,987,000 0 0 0
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 0 0 0
Property, Plant & Equipment Net 3,167,000 0 0 0
Goodwill 339,769,000 0 0 0
Intangible Assets 288,971,000 0 0 0
Other Assets 124,714,000 0 0 0
Net Tangible Assets 1,125,388,000 0 0 0
Total Assets 4,204,469,000 0 0 0
Accounts Payable 0 0 0 0
Liabilities (Other) 235,747,000 0 0 0
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 818,000 0 0 0
Long-term Debt 1,544,040,000 0 0 0
Total Liabilities 1,782,762,000 0 0 0
Minority Interest 961,000 0 0 0
Common Stock 141,273,000 0 0 0
Retained Earnings -239,520,000 0 0 0
Treasury Stock 0 0 0 0
Capital Surplus 2,506,008,000 0 0 0
Shareholder Equity 2,191,794,000 0 0 0

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2020-09-30
Total Revenue 76,727,000 0 0 0
Cost of Revenue 35,699,000 0 0 0
Gross Profit 41,028,000 0 0 0
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 42,758,000 0 0 0
Operating Income 33,685,000 0 0 0
Income Expense Net (Other) -23,974,000 0 0 0
EBIT 33,685,000 0 0 0
Interest Income 14,345,000 0 0 0
Pretax Income 9,711,000 0 0 0
Income Tax 0 0 0 0
Minority Interest 961,000 0 0 0
Net Income 8,750,000 0 0 0
Net Income Basic 8,750,000 0 0 0

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2020-09-30
Net Income 8,750,000 0 0 0
Depreciation 31,516,000 0 0 0
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 99,145,000 0 0 0
Cash Flow 53,506,000 0 0 0
Capital Expenditures -3,805,000 0 0 0
Investments 9,274,000 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 5,469,000 0 0 0
Dividends Paid 332,000 0 0 0
Net Borrowings -495,079,000 0 0 0
Cash Flow Financing 40,170,000 0 0 0
Financing Cash Flows (Other) -88,000 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
1 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.7
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.7
Rating AFFO & Efficiency Section Avg. Rating
8 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
Rating Leverage Section Avg. Rating
Rating Asset & Revenue Section Avg. Rating
Rating Properties Section Avg. Rating
Rating Market Cap Section Avg. Rating
3 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 4.0
6.8 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

Last updated: 2022-08-09 - v3.4