Broadstone Net Lease Inc.
S&P 500BNL/Real Estate · REIT - Diversified/NYSE
Dividend Yield
5.61%
$1.16 · Annual Dividend
Dividend Safety Rating
BNL's dividend appears safe and well-supported. Strengths include a 79.0% ffo payout ratio & 1.8x current ratio. Areas of concern: 81.3% cfo payout ratio & 2.1x interest coverage. The dividend has been growing at a 24.68% 5-year CAGR. As a REIT, its payout is measured against FFO (funds from operations) rather than net income, since large non-cash depreciation makes the earnings payout ratio misleading.
Based on 14 of 15 metrics
Strengths
- Debt-to-Equity: 87.8Conservative debt level relative to equity.
- Operating Margin: 52.2%Healthy operating margin provides a wide buffer.
- Gross Margin: 94.9%High gross margin signals strong pricing power.
Risks
- CFO Payout Ratio: 81.3%Operating cash flow leaves little room for the payout.
- Interest Coverage: 2.1xInterest coverage is thin relative to debt servicing.
- Return on Equity: 4.2%Return on equity is below industry norms.
Payout & Coverage
CautionBalance Sheet
Very SafeProfitability
SafeDividend Track Record
Very SafeAbout Broadstone Net Lease Inc.
Broadstone Net Lease Inc. is a real estate investment trust (REIT) specializing in acquiring, owning, and managing a diversified portfolio of single-tenant commercial properties. The primary function of Broadstone Net Lease is to generate stable and predictable income through long-term net leases with tenants across various industries. These leases often include properties like retail stores, healthcare facilities, industrial sites, and office spaces. The company's strategic focus on net lease agreements means tenants are responsible for property maintenance, insurance, and taxes, reducing Broadstone's operational expenses. This business model allows Broadstone Net Lease to concentrate on asset acquisition and property management, enhancing portfolio growth and income stability. By investing in a range of geographic locations across the United States, Broadstone Net Lease aims to mitigate risks associated with sector concentration and economic downturns, making it a significant player in the real estate market committed to delivering consistent dividends to its investors.
Dividend Overview
Dividend Yield
5.61%
Annual Dividend
$1.16
Frequency
Quarterly
Payout Ratio
178.85%
FCF Payout Ratio
75.94%
52-Week Range
$15.66 - $21.50
Dividend History (2016–2025)
BNL annual dividend per share and yield history
Earnings & Profitability
BNL earnings per share and net profit margin
Key Dates
Next Ex-Dividend Date
June 30, 2026
Next Payment Date
July 15, 2026
Dividend Growth
3-Year Dividend CAGR
2.41%
5-Year Dividend CAGR
24.68%
10-Year Dividend CAGR
N/A
3-Year Total Growth
7.41%
5-Year Total Growth
201.30%
10-Year Total Growth
N/A
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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.