Broadstone Net Lease Inc. (62XA)
XBER 
Summary
62XA Chart
5 Strong Dividend Stocks You Can Buy Right Now
Income investors entered the second half of 2026 with a familiar problem: plenty of headline yields, not enough sustainable ones.
Broadstone Net Lease: Industrial Build-To-Suit Strategy Keeps The Growth Story Intact
Broadstone Net Lease remains a compelling Buy for long-term income and total return, underpinned by a focused industrial and retail portfolio. BNL's build-to-suit strategy drives growth, with $382M in pipeline projects offering initial cash yields of 7.3% and long lease terms. Q1 2026 results showed 5.6% AFFO/share growth, 99.8% occupancy, and a safe, growing 5.5% dividend yield supported by a BBB-rated balance sheet.
Broadstone Net Lease: An Investment-Grade Winner Among Diversified REITs, As Margins Recover
Broadstone Net Lease is rated a strong buy, driven by margin recovery, portfolio diversification, and an investment-grade balance sheet. BNL outperformed peers and the S&P 500 YTD, benefiting from resilient industrial and retail demand, and consistent revenue and AFFO growth. Debt/equity of 0.93, no tenant over 4% of ABR, and 1.3x dividend coverage support balance sheet strength and dividend safety.
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Broadstone Net Lease Inc. Profile
| Diversified REITs Industry | Real Estate Sector | John D. Moragne CEO | XBER Exchange | US11135E2037 ISIN |
| US Country | 62 Employees | 30 Jun 2026 Last Dividend | - Last Split | 17 Sep 2020 IPO Date |
Overview
BNL stands as a distinctive player within the industrial sector, emphasizing a net lease Real Estate Investment Trust (REIT) structure. The core of BNL's business strategy revolves around the acquisition, ownership, and management of single-tenant commercial real estate, prioritizing properties that are net leased on a long-term basis. Through an investment approach deeply rooted in rigorous fundamental credit analysis and meticulous real estate underwriting, BNL has successfully built a diverse portfolio. As of September 30, 2023, this portfolio boasts 800 net leased commercial properties. This vast collection spans across 44 U.S. states and extends into four Canadian provinces, showcasing a remarkable array of industrial, healthcare, restaurant, retail, and office properties. Such diversity not only underlines BNL's comprehensive market coverage but also highlights its commitment to sectoral diversification and geographical spread, ensuring a robust foundation for sustained growth and stability.
Products and Services
- Industrial Properties
- Healthcare Properties
- Restaurant Properties
- Retail Properties
- Office Properties
BNL's portfolio includes a significant emphasis on industrial properties, catering to a wide range of tenants from distribution centers to manufacturing facilities. These properties are designed to support the operations of tenants in various sectors, offering versatile space solutions that meet the dynamic demands of the industrial sector.
The healthcare segment of BNL's portfolio comprises properties leased to tenants operating within the healthcare industry. This includes medical office buildings, clinics, and other healthcare-related facilities that serve as critical infrastructure for the delivery of medical services, reflecting BNL's contribution to the robustness and accessibility of healthcare services.
In the realm of retail, BNL owns and manages properties net leased to a variety of tenants in the restaurant industry. From fast-food chains to fine dining establishments, these properties are strategically located to optimize visibility and accessibility, ensuring a steady flow of customers and, consequently, stable revenue streams for tenants and BNL alike.
Apart from restaurants, BNL's retail portfolio includes a diverse range of properties catering to broader retail operations. These properties host tenants from various retail segments, offering consumers a plethora of shopping options and experiences while providing tenants with high-traffic locations essential for retail success.
Completing BNL's diversified portfolio are the office properties, which include corporate headquarters, administrative offices, and other professional spaces. These properties are leased to tenants across multiple sectors, providing them with the necessary environment to conduct business operations, host clients, and foster corporate growth.
