Broadstone Net Lease, Inc. | REIT Profile
Symbol: BNL
CIK: 1424182
Exchange: NYSE
Founded: 2007 (19 years)
HQ: Rochester, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Industrial, Health Care, Office, Retail
Internally Managed REIT
REITRating™ Score: 7.4
See BNL on Yahoo Finance
See BNL on SEC.gov
 |
 |
 |
 |
Established in 2007, Broadstone (NYSE: BNL) is an industrial-focused, diversified net lease REIT that acquires, owns, and manages primarily single-tenant commercial real estate across several core property types, including industrial, healthcare, restaurants, retail, and office. We focus on establishing long-standing relationships with creditworthy tenants who occupy properties with strong real estate fundamentals.
Stock Chart
Dividend of Trading Day 2026-04-30
Annualized Dividend: $1.17*
Dividend Yield (TTM): 5.9%
Annualized Dividend (TTM): $1.163
Ex-Dividend Date: 2026-03-31
Dividend Date: 2026-04-15
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 REIT Press Releases
- Broadstone - Broadstone Net Lease Announces First Quarter 2026 Results and Adds $30 million to its Committed Pipeline of Build-to-Suit Developments - Wed, 29 Apr 2026 21:03:22 UTC
- Broadstone - Broadstone Net Lease Announces Two Additional Build-to-Suit Developments for $62.1 million - Wed, 25 Feb 2026 11:30:53 UTC
- Broadstone - Broadstone Net Lease Announces Fourth Quarter and Full Year 2025 Results - Wed, 18 Feb 2026 21:10:33 UTC
- Broadstone - Broadstone Net Lease Announces Tax Treatment of 2025 Dividends - Mon, 26 Jan 2026 21:10:30 UTC
- Broadstone - Broadstone Net Lease Provides Business Update and Issues 2026 Guidance in Conjunction with its Upcoming Investor Day - Mon, 01 Dec 2025 11:30:46 UTC
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. Compare FFO to other REITs at REITFFO.
| Year | Quarter | Type | Amount | Dividend Paid | Payout Ratio |
|---|---|---|---|---|---|
| 2025 | Q4 | AFFO | $0.42 | $0.29 | 69.05% |
| 2025 | Q3 | FFO | $0.36 | $0.29 | 80.56% |
| 2025 | Q3 | AFFO | $0.37 | $0.29 | 78.38% |
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. The “Payout Ratio” is calculated by dividing the “Dividends Paid” column by the “FFO Amount” column. Some REITs may have two types of FFO (eg. FFO and Modified FFO) while others may have just one type of FFO.
Dividend to FFO & AFFO Payout Ratio
REITNotes' Dividend to FFO Payout Ratio graph is based on 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.
Stock Price to FFO & AFFO Multiples (TTM)
REITNotes' Price to FFO (P/FFO) Multiples graph is calculated by dividing the REIT’s closing stock price for the day by the Trailing Twelve Month (TTM) Funds from Operations (FFO). For some REITs we also display the Price-to-Adjusted Funds From Operations (P/AFFO), Price-to-Core FFO (P/CFFO), Price-to-Normalized FFO (P/NFFO), Price-to-Modified FFO (P/MFFO), Price-to-Operating (P/FFO), depending on the data provided in the REIT’s Quarterly Earning Reports.
As you may be familiar with, the price-to-earnings ratio (P/E ratio) is a useful tool for investors to gauge the market's valuation of a company’s stock price. The price-to-FFO ratio (or multiple) is a comparable measure used in the REIT industry that compares the REIT’s stock price to its FFO per share instead of its earnings per share (EPS).
Key Stats of Trading Day 2026-04-30
EBITDA: $387,814,000 [?]
P/E (Price-to-Earnings) Ratio: 39.86 [?]
PEG (Price/Earnings to Growth) Ratio: N/A [?]
Book Value: 15.16 [?]
Dividend Per Share (DPS): $1.16 [?]
Earnings Per Share (EPS): 0.50 [?]
Revenue Per Share (TTM): $2.41 [?]
Profit Margin: 21.20% [?]
Operating Margin (TTM): 51.20% [?]
Return on Equity (TTM): 3.20% [?]
Revenue (TTM): $454,138,000 [?]
Gross Profit (TTM): $431,167,000 [?]
Diluted EPS (TTM): $0.50 [?]
Quarterly Earnings Growth YOY: 24.70% [?]
Quarterly Revenue Growth YOY: 5.50% [?]
Trailing P/E: 39.86 [?]
Forward P/E: 29.07 [?]
Beta: 1.02 [?]
Price-to-Book (P/B): 1.32 [?]
Enterprise Value (EV) to Revenue: 13.86 [?]
EV to EBITDA: 17.53x [?]
Shares Outstanding: 191,588,000 [?]
52 Week High: $20.48 [?]
52 Week Low: $14.29 [?]
50 Day Moving Average: $19.32 [?]
200 Day Moving Average: $18.25 [?]
Properties Owned by BNL
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 | @ $15.86 per share you would have been able to buy 63 shares of BNL on 2025-05-01 costing $999.18 | @ $15.86 per share you would have been able to buy 31 shares of BNL on 2025-05-01 costing $491.66 | @ $15.86 per share you would have been able to buy 15 shares of BNL on 2025-05-01 costing $237.90 | @ $15.86 per share you would have been able to buy 6 shares of BNL on 2025-05-01 costing $95.16 | @ $15.86 per share you would have been able to buy 3 shares of BNL on 2025-05-01 costing $47.58 |
| Current worth | On 2026-04-30 these 63 shares would be worth $1,247.40 @ $19.80 | On 2026-04-30 these 31 shares would be worth $613.80 @ $19.80 | On 2026-04-30 these 15 shares would be worth $297.00 @ $19.80 | On 2026-04-30 these 6 shares would be worth $118.80 @ $19.80 | On 2026-04-30 these 3 shares would be worth $59.40 @ $19.80 |
| Dividends earned | $91.67 in dividends would have been earned since 2025-05-01 with 63 shares. | $45 in dividends would have been earned since 2025-05-01 with 31 shares. | $21.83 in dividends would have been earned since 2025-05-01 with 15 shares. | $8.73 in dividends would have been earned since 2025-05-01 with 6 shares. | $4.37 in dividends would have been earned since 2025-05-01 with 31 shares. |
| Net (gain / loss)* | 339.89 USD | 167.25 USD | 80.93 USD | 32.37 USD | 16.19 USD |
| ROI** | 34.02% | 34.02% | 34.02% | 34.02% | 34.02% |
*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 | 2026-06-30 | 0.293 | --- | 2026-04-23 | 2026-06-30 | 2026-07-15 |
| BNL | 2026-03-31 | 0.293 | 0.86% | 2026-02-13 | 2026-03-31 | 2026-04-15 |
| BNL | 2025-12-31 | 0.290 | --- | 2025-10-23 | 2025-12-31 | 2026-01-15 |
| BNL | 2025-09-30 | 0.290 | --- | 2025-07-24 | 2025-09-30 | 2025-10-15 |
| BNL | 2025-06-30 | 0.290 | --- | 2025-04-24 | 2025-06-30 | 2025-07-15 |
| BNL | 2025-03-31 | 0.290 | --- | 2025-02-19 | 2025-03-31 | 2025-04-15 |
| BNL | 2024-12-31 | 0.290 | --- | 2024-10-30 | 2024-12-31 | 2025-01-15 |
| BNL | 2024-09-30 | 0.290 | --- | 2024-07-30 | 2024-09-30 | 2024-10-15 |
| BNL | 2024-06-28 | 0.290 | 1.75% | 2024-05-01 | 2024-06-28 | 2024-07-15 |
| BNL | 2024-03-27 | 0.285 | --- | 2024-02-21 | 2024-03-29 | 2024-04-15 |
| BNL | 2023-12-28 | 0.285 | 1.79% | 2023-10-26 | 2023-12-29 | 2024-01-12 |
| BNL | 2023-09-28 | 0.280 | --- | 2023-07-27 | 2023-09-29 | 2023-10-13 |