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BNL · Broadstone Net Lease, Inc.

Track BNL — free
$17.60 +0.12 (+0.69%) At close · Nov 13
Market Cap
$3.38B
Shares
191.98M
Volume · Nov 13 1.35M Avg daily vol (3M) 2.44M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$17.60 Open$17.63 Day$17.47–17.71 52W close$16.86–22.84 Avg vol 30d3.0M Short int20.4M · 10.6% of shares · 5.9d Short vol63% Last earningsOct 29, 2026 DataSep 2020–Nov 2026 Filing10-Q · Oct 28

Up next

Feb 18, 2027 Est · unconfirmed · in 14 wks

Latest documents

2026
Oct 29
Earnings call
Q3 2026 earnings call

Broadstone NetLease generated third-quarter AFFO of $77.8 million, or $0.39 per diluted share, representing a 5.4% increase over the third quarter of 2025, and reaffirmed full-year 2026 AFFO guidance of $1.55 to $1.57 per diluted share.

Oct 28
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Investments reach $499,985 through September 30, 2026

Broadstone Net Lease, Inc. invested $499,985 during the nine months ended September 30, 2026, including $314,766 in development projects, while its 767-property portfolio was approximately 100.0% leased.

Revenue $121.87M ▲ 6.7% Net income $27.12M ▲ 2.5% Diluted EPS $0.14 ▲ unchanged
Read from the MD&A section
6 source passages
Broadstone Net Lease, Inc., a Maryland corporation incorporated on October 18, 2007, and, as required by context, Broadstone Net Lease, LLC, a New York limited liability company For the Nine Months Ended September 30, 2026 Total Investments | 137,695 | 77,624 | 99,447 | | 314,766 Total investments | 236,609 | 91,490 | 171,886 | | 499,985 As of September 30, 2026, our portfolio includes 767 properties As of September 30, 2026, our portfolio was approximately 100.0% leased, based on square footage, with an ABR weighted average remaining lease term of approximately 9.3 years, excluding renewal options. Open the document at this passage
Oct 28
Current report 8-K
Financial results

Broadstone Net Lease reported net income of $28.1 million, or $0.14 per diluted share, and AFFO of $77.8 million, or $0.39 per diluted share, for the quarter ended September 30, 2026. It invested $236.6 million and raised its quarterly dividend to $0.295 per share.

Read from the first part of this long document
Oct 5
Current report 8-K
Regulation FD disclosure

Broadstone Net Lease will release financial and operating results for the quarter ended September 30, 2026 after market close on October 28, 2026, followed by an earnings call on October 29, 2026 at 11:00 a.m. Eastern Time.

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$483.87M
Trailing 12 months
Net income (TTM)
$145.99M
Trailing 12 months
Revenue growth YoY
+6.7%
Year over year
Operating margin
—
Trailing 12 months
P / FFO
10.7×
Company-stated · TTM · reciprocal yield 9.3%
P / AFFO
10.9×
Company-stated · TTM · reciprocal yield 9.1%
P / E (TTM)
23.2
Trailing earnings · reciprocal yield 4.3%
Net cash
−$2.88B
Latest balance sheet
Dividend yield
6.6%
Trailing 12 months
Shares change YoY
+1.8%
Year over year · more shares
Price change (1Y)
-3.2%
Trailing year
Short interest
10.6%
Latest settlement · 5.9 days to cover
View all 129 metrics

AI Brief

Q2 FY26 earnings call · Jul 30, 2026
Q2 FY26

TL;DR. BNL raised its full-year 2026 AFFO per share guidance midpoint to $1.56 (from $1.53–$1.57), lifted full-year investment guidance by more than $100 million to $600–$800 million, lowered its full-year bad debt assumption to 50 bps from 75 bps, and announced a $303 million build-to-suit development with a Fortune 20 investment-grade tenant in Colorado.

Bullish
  • + Raised full-year investment guidance by more than $100 million to a range of $600–$800 million.
  • + Lowered full-year bad debt assumption to 50 basis points from 75 basis points.
  • + Announced a $303 million build-to-suit development with a Fortune 20 investment-grade tenant in Colorado, expected to be meaningfully accretive to 2027 and 2028 earnings.
  • + Committed build-to-suit pipeline totals approximately $645 million with a weighted-average estimated initial cash yield of ~7.9% and straight-line yield of ~9.9%.
Bearish

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Neutral
SellHoldBuy
Technical Sell Momentum Very Weak Sentiment Very Bullish Fundamentals Fair Quant / Vol Low
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Sell
50 / 200-day cross No cross
Price vs 200-day avg −11%
below
Price vs 50-day avg −5%
below
RSI (14) 45
neutral
MACD trend Positive
52-week position 12%
near low
Momentum
relative strength
Very Weak
1-month return −3%
trailing
6-month return −15%
trailing
YTD return +1%
this year
Relative strength −15%
vs S&P · 6-mo
Sentiment
smart money
Very Bullish
Trend (MA cross) No cross
50d $18 › 200d $20 — 200d above 50d
Institutional flow Accumulating
331 of 381 funds reported for Sep 30 · net +11.0M sh shares · +33 new
Insider flow Accumulating
Net +$211.6K over 90 days · 0% sells
Short interest Falling
10.64% of shares out · ▼ -1.6% MoM · 5.9 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
381 holders — near 3-yr high, broad support
Squeeze score 61
elevated · 0–100
Fundamentals
Fair
Revenue growth +5%
Y/Y
EPS growth −42%
Y/Y
Free cash flow $269.8M
Valuation P/E 23.2
in line
Buyback $150.0M
authorized
Balance sheet $2.5B
net debt
Quant / Vol
risk profile
Low
Volatility 20%
annualized · 1-yr
Max drawdown −26%
past year
ATR 2.5%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the Earnings Call filed Oct 29, 2026
full-year 2026
Investments Initiated $700M – $800M
Dispositions Raised $150M – $200M
Jul 30, 2026 $100M – $150M changed to Oct 29, 2026 $150M – $200M
between the fourth quarter of this year and the end of 2027
Incremental annualized base rent $36M
fourth quarter
Incremental annualized base rent Initiated $2M
first half of 2027
Incremental annualized base rent Initiated $31M
Growth on our current ABR at least 8%
Total estimated project investment $17.9M
Total investment $28.4M
Remaining estimated investment $337M
Q2 of 2027
Stabilized ABR Initiated $2.7M
Q3, 2028
Stabilized ABR Initiated $3.3M
Previous outlook earlier release · from the 8-K filed Oct 28, 2026

Still-open targets the latest release did not restate under the same label.

AFFO per diluted share · For 2026 $1.55 – $1.57
Investments in real estate properties · For 2026 $700M – $800M
Dispositions of real estate properties · For 2026 $150M – $200M
Total core general and administrative expenses · For 2026 $30M – $31M
Estimated dilution · For 2026 up to $0.01

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Sell
2 · 3 · 1
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−11% Bearish
Price vs 50-day avg
−5% Neutral
RSI (14)
45 Neutral
MACD trend
Positive Bullish
52-week position
12% Bearish
Market signals — smart money & positioning
Bullish · 4 of 6
Trend (MA cross) No cross
50d $18 › 200d $20 — 200d above 50d
Institutional flow Accumulating
331 of 381 funds reported for Sep 30 · net +11.0M sh shares · +33 new
Insider flow Accumulating
Net +$211.6K over 90 days · 0% sells
Short interest Falling
10.64% of shares out · ▼ -1.6% MoM · 5.9 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
381 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $17 Now $18 · 12% Range high $23
vs 200-day avg -11% vs 50-day avg -5%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.

Versus peers

REIT - Diversified — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
BNL
Broadstone Net Lease, Inc.
this stock
$3.38B +1.3% +5.2% 23.2 10.6%
VICI
Vici Properties Inc.
$27.54B -11.1% +4.1% 11.5 2.7%
WPC
W. P. Carey Inc.
$15.11B +2.0% +8.4% 23.2 3.9%
GNL
Global Net Lease, Inc.
$1.47B -23.5% -13.1% — 6.5%
AAT
American Assets Trust, Inc.
$1.33B +14.6% -4.7% 62.0 2.3%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
390
% held
103.7%
Reported
331 of 381
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
356
View
Short & Settlement
Short Interest Falling
Shares short
20.4M
Days to cover
5.9d
Change
-336.6K sh
View
Short Volume
Short vol %
63%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
9.5K
Value
$173.7K
As of
Oct 14, 2026
View
Off-Exchange
Off-exchange %
33.6%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net buying
Net (90d)
+$211.6K
Buyers / Sellers
1 / 0
Buyers Sellers
View
Financials
Financials
Revenue (FY)
$454.1M
Net income (FY)
$96.5M
EPS diluted
$0.50
View
Buybacks
Authorized
$150.0M
View
Filings
SEC Filings
Latest
10-Q
Filed
Oct 28, 2026
This year
24

Broadstone Net Lease, Inc. invested $499,985 during the nine months ended September 30, 2026, including $314,766 in development projects, while its 767-property portfolio was approximately 100.0% leased.

View
Earnings & Events
Webcasts
Last webcast
Oct 29, 2026
View
Investor Relations
Latest news
Broadstone Net Lease Announces Th…
Published
Oct 28, 2026
View

Performance

5D 20D 120D MTD YTD
BNL +0.5% -2.9% -14.7% +2.9% +1.3%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -2.1% -1.8% -15.2% +3.1% -9.3%

Capital returns

Latest dividend
$0.293 / share · ex Sep 30, 2026
Declared · upcoming
$0.295 / share · ex Dec 31, 2026
Raised 1%
Paid (TTM)
$1.169 / share · 4 payouts
Dividend yield (TTM, derived)
6.64%
Full dividend history
Buyback program · as of Sep 30, 2026
Authorized
$150.00M
Spent (derived)
—
Remaining
—

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1424182 CUSIP 11135E203 13F (30d) 301 filings 279 filers Visit website Investor relations