Touchstone
Last syncNov 1, 2026, 6:55 PM ET

BNL

Broadstone Net Lease, Inc. Real Estate Real Estate Investment Trusts Russell 3000
$17.10Close $3.3BMarket cap $16.48 – $22.8452-week range Late-januaryNext report · estimated

Highlights

Cautions

  • Not in an uptrend 2 of 8 trend conditions
  • Lagging the market RS 25 · weaker than 75% of stocks over 12 months
  • Far from its high 25% below its 52-week high
  • Distribution down-day volume 2.2× up-day volume over 50 sessions

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Oct 28, 2026
Off 12-month high 25%
1wk down 1.5% price change
1mo down 7.6% price change
12-month return up 1% market up 11% · its own down 11%
F-score — — Not assessed
Altman Z — Unknown
P/E 33.9× price / earnings
PEG — P/E / EPS growth
P/B 1.1× price / book
Earnings yield up 1.7% EBIT / enterprise value
Cheaper than — of the market · not assessed
Revenue growth up 5% year on year
EPS growth up 1% latest quarter · -94 pts
Sales growth up 7% latest quarter · -2 pts
ROE up 3% return on equity
Free cash margin up 59% $269.8M FCF
D/E 0.87 long-term debt / equity
Net debt / EBITDA 9.7×
Interest cover —EBIT / interest
Piotroski tests

Repair signals

  • Revenue reaccelerating (-3% then +5%)

Trade setup

ATR% 2.6% $0.45 a day · 2×ATR $16.20
RS 25 / 99 vs the universe
Trend 2 / 8 trend template
Relative volume 1.1× vs 50-day average
Up/down volume 0.46 50 sessions
Implied move — no scheduled report
Trend template · 2 of 8
  • 150-day average above the 200-day: passes
  • 200-day average rising for a month: passes

Screen verdict

Did not qualify for any screen.

Warning signs

1 flagged
  • Heavily indebted Net debt is 9.7 times EBITDA — roughly 10 years of earnings before interest, tax and depreciation to repay borrowings in full.
Last reported Oct 28, 2026
Results reaction Oct 28, 2026+1% vs market2 sessions after results

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $454.1M +5% on FY2024
$0 $500M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $321.6M FY2021 · $382.9M FY2022 · $407.5M FY2023 · $442.9M FY2024 · $431.8M FY2025 · $454.1M
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $96.5M -41% on FY2024
$0 $200M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $51.2M FY2021 · $102.4M FY2022 · $122.1M FY2023 · $155.5M FY2024 · $162.4M FY2025 · $96.5M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $269.8M +4% on FY2024
$0 $500M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $168.2M FY2021 · $243.3M FY2022 · $224.5M FY2023 · $224.8M FY2024 · $259.5M FY2025 · $269.8M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Net 21%
  • Free cash 59%
0% 100% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Net 16% · Free cash 52% FY2021 · Net 27% · Free cash 64% FY2022 · Net 30% · Free cash 55% FY2023 · Net 35% · Free cash 51% FY2024 · Net 38% · Free cash 60% FY2025 · Net 21% · Free cash 59%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $2.5B net debt
  • Cash
  • Long-term debt
$0 $5B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $100.5M · Long-term debt $1.5B FY2021 · Cash $21.7M · Long-term debt $1.7B FY2022 · Cash $21.8M · Long-term debt $2.0B FY2023 · Cash $19.5M · Long-term debt $1.9B FY2024 · Cash $14.8M · Long-term debt $1.9B FY2025 · Cash $30.5M · Long-term debt $2.5B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 191.42m +76.2% since FY2020
191.42m 108.61m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 108.61m FY2021 · 162.38m FY2022 · 186.11m FY2023 · 187.61m FY2024 · 188.63m FY2025 · 191.42m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $321.6M $382.9M $407.5M $442.9M $431.8M $454.1M
Net income $51.2M $102.4M $122.1M $155.5M $162.4M $96.5M
Net margin 16% 27% 30% 35% 38% 21%
Earnings per share $0.40 $0.62 $0.68 $0.79 $0.83 $0.49
Free cash flow $168.2M $243.3M $224.5M $224.8M $259.5M $269.8M
Free cash margin 52% 64% 55% 51% 60% 59%
Cash $100.5M $21.7M $21.8M $19.5M $14.8M $30.5M
Long-term debt $1.5B $1.7B $2.0B $1.9B $1.9B $2.5B
Shareholders' equity $2.3B $2.6B $3.1B $3.0B $3.0B $2.9B
Shares outstanding 108.61m 162.38m 186.11m 187.61m 188.63m 191.42m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Oct 28, 2026 Quarterly ↗ Sep 30, 2026 28d
Apr 30, 2026 Quarterly ↗ Mar 31, 2026 30d
Feb 19, 2026 Annual ↗ Dec 31, 2025 50d
Oct 29, 2025 Quarterly ↗ Sep 30, 2025 29d
Jul 31, 2025 Quarterly ↗ Jun 30, 2025 31d
May 1, 2025 Quarterly ↗ Mar 31, 2025 31d
Feb 20, 2025 Annual ↗ Dec 31, 2024 51d
Oct 31, 2024 Quarterly ↗ Sep 30, 2024 31d
Jul 31, 2024 Quarterly ↗ Jun 30, 2024 31d
May 2, 2024 Quarterly ↗ Mar 31, 2024 32d
Feb 22, 2024 Annual ↗ Dec 31, 2023 53d
Nov 2, 2023 Quarterly ↗ Sep 30, 2023 33d

Current reports

FiledDisclosed
Oct 28, 2026 Results ↗
Oct 5, 2026 Regulation FD ↗
Aug 25, 2026 Regulation FD ↗
Aug 10, 2026 Other events ↗
Jul 29, 2026 New obligation ↗
Jul 29, 2026 Results ↗
Jul 8, 2026 Regulation FD ↗
Jul 2, 2026 Regulation FD ↗
Jun 11, 2026 Regulation FD ↗
May 1, 2026 Shareholder vote ↗
Apr 29, 2026 Results ↗
Apr 1, 2026 Regulation FD ↗