Broadstone Net Lease Inc. (BNL)
Broadstone Net Lease: High-Yield Rental
We had highlighted the exact conditions required for us to go long Broadstone Net Lease. We got them post Liberation Day. We go over Q1 2025 numbers and our trade.
Broadstone Net Lease, Inc. (BNL) Q1 FFO Match Estimates
Broadstone Net Lease, Inc. (BNL) came out with quarterly funds from operations (FFO) of $0.36 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.36 per share a year ago.
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Broadstone Net Lease Is Still Underrated, I'm Buying
BNL is a promising 'turn-around' REIT, shifting its focus from healthcare to industrial and retail properties for long-term value creation. BNL has made significant progress, reducing clinical and surgical assets to 3.2% of ABR, down from 9.7% in 2023. BNL's diversified portfolio now generates 59.6% of ABR from industrial properties and 31.2% from retail-oriented properties, positioning it for growth.
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Broadstone Net Lease And W. P. Carey: Diverging Multiples Create A Compelling Opportunity To Swap
Sector rotation in commercial real estate shows industrial making a comeback, while data centers may have peaked, affecting net lease REITs like BNL and WPC. BNL's AFFO multiple has compressed to 10x, while WPC's multiple expanded to 12.5x after strong earnings, creating a valuation gap. BNL and WPC have similar portfolios and metrics, making them direct comparables; BNL's current undervaluation presents a potential 12.5% upside.
Broadstone Net Lease's Q4 Earnings: Detachment Between Sentiment And Fundamentals Has Occurred
Broadstone Net Lease's Q4 Earnings: Detachment Between Sentiment And Fundamentals Has Occurred
Broadstone Net Lease, Inc. (BNL) Q4 2024 Earnings Call Transcript
Broadstone Net Lease, Inc. (NYSE:BNL ) Q4 2024 Earnings Conference Call February 20, 2025 1:00 PM ET Company Participants Brent Maedl - Directorm Corporate Finance & IR John Moragne - CEO & Director Ryan Albano - President & COO Kevin Fennell - EVP, CFO & Treasurer Conference Call Participants Anthony Paolone - JPMorgan Eric Borden - BMO Upal Rana - KeyBanc Capital Markets Jay Kornreich - Wedbush Securities Michael Gorman - BTIG Michael Goldsmith - UBS Spenser Allaway - Green Street Caitlin Burrows - Goldman Sachs Ronald Kamdem - Morgan Stanley Operator Hello, and welcome to Broadstone Net Lease's Fourth Quarter 2024 Earnings Conference Call. My name is Emily, and I'll be your operator today.
Broadstone Net Lease, Inc. (BNL) Matches Q4 FFO Estimates
Broadstone Net Lease, Inc. (BNL) came out with quarterly funds from operations (FFO) of $0.36 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.36 per share a year ago.
Broadstone Net Lease: Valuation Looks Tempting Once Again
Broadstone Net Lease (BNL) is a diversified REIT with a focus on industrial properties, which had been an area showing strong growth. BNL's portfolio is quite diversified, with over 750 properties, though on a relative basis, it is still a smaller REIT. BNL offers minimal growth expectations going forward but is attractive nonetheless with a 7.18% dividend yield and is valued appropriately with a P/FFO of 10.74x.
Broadstone Net Lease: Remains Undervalued With Attractive Yield
Shares in Broadstone Net Lease have traded in a tight range over the past year. Total stock performance has been supported by the REIT's attractive dividend payout. At current pricing, shares offer an annual yield of more than 7%.
Broadstone Net Lease: Double Your Income With Significantly Less Risk
We had moved Broadstone Net Lease to a Hold from a Buy the last time around. The stock is down 10.5% since then and the decision to stay out feels good. We go over the fundamentals today and tell you how we would play it.
