Broadstone Net Lease, Inc. (BNL) came out with quarterly funds from operations (FFO) of $0.36 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to FFO of $0.35 per share a year ago.
Broadstone Net Lease is a diversified REIT with attractive yield and valuation, primarily focused on industrial properties. BNL has high occupancy and collection rates; they've been mostly beating analyst expectations, but growth is expected to be rather flat going forward. Despite a lack of growth in the near term, this REIT delivers a solid yield to compensate for that while they work to adjust the portfolio back to consistent growth.
Crescent Capital BDC offers a 9% dividend yield with strong performance and conservative portfolio management. Broadstone Net Lease provides a 7.4% dividend yield with high occupancy rates and a solid balance sheet. Both companies offer stable income and potential capital appreciation, making them attractive high-yield investment options in a volatile market.
Broadstone Net Lease is an Industrial-focused Real Estate Investment Trust with 759 net leased properties. Their business collected 99% of base rents in the first quarter, cooling concerns in the commercial real estate industry. Furthermore, 99.2% of rentable square footage is in a lease, with only 3 of 759 properties vacant.
BNL has great business metrics and a safe financing structure. The market has underestimated BNL's value proposition. BNL has a clear path to double-digit total returns.
Key metrics show that Broadstone Net Lease's portfolio is resilient. The REIT's robust industrial property performance is surprising, given the volatile economic environment.
The "Sell in May and Go Away" trading pattern is unlikely to happen this month as the Dow surpasses 40,000 and the S&P 500 reaches all-time highs. As such, I believe the following 2 picks are good candidates for those seeking to 'Buy In May' and go away for a few months, perhaps on vacation. Both offer high yields that are well-supported by earnings, have strong balance sheets, and have the potential for capital appreciation.
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