Broadstone Net Lease, Inc. (BNL)

In the past six months, BNL reported Q2 2025 earnings with EPS falling short but revenue exceeding expectations, leading to a rise in aftermarket trading. The company announced its Q3 2025 results, reporting an EPS of $0.14, missing forecasts, while revenue exceeded expectations. Broadstone Net Lease is scheduled to release its Q4 2025 earnings and host a conference call on January 12, 2026. On December 1, 2025, BNL provided a business update and issued its initial guidance for fiscal year 2026, expressing confidence in its AFFO growth targets. On November 4, 2025, Broadstone Net Lease announced the substantial completion of the first MRO facility and added $21 million to its committed pipeline. In early January 2026, Cantor Fitzgerald lowered BNL's price target to $20, while BTIG reiterated a "Buy" rating, and Morgan Stanley raised its price target to $19. The stock's 52-week high was $18.87, and its 52-week low was $13.96, with a closing price of $18.05 as of January 9, 2026.

The provided information does not directly indicate specific demand seasonality for Broadstone Net Lease's products and services. However, the company's investment strategy is influenced by broader market conditions, such as the industrial property market's oversupply in 2022. A turnaround in the industrial market is anticipated, which could benefit BNL's high occupancy and lease terms. The company's strategy also involves leveraging relationships with retail and restaurant tenants, suggesting a diversified approach to mitigate reliance on any single market segment's fluctuations.

Broadstone Net Lease, Inc. (BNL) is an internally-managed REIT focused on acquiring, owning, and managing single-tenant commercial real estate properties net leased on a long-term basis. The company's investment strategy is based on credit analysis and real estate underwriting. BNL operates within the Real Estate sector, focusing on diversified REITs, with an increasing focus on industrial properties, which constituted nearly 60% of its annualized base rent as of Q1 2025. The company also invests in healthcare, restaurant, retail, and office property types, securing long-term net leases on these properties.

As of September 30, 2025, Broadstone Net Lease's portfolio comprised 759 net leased commercial properties, with 752 properties situated across 44 U.S. states and seven properties located in four Canadian provinces.

Broadstone Net Lease is working on repositioning its portfolio for sustainable growth by increasing its focus on industrial properties, which is expected to drive portfolio growth and improve asset quality. The company emphasizes its disciplined investment approach and long-term strategy. Despite recent tenant-related headlines, the company remains confident in its AFFO growth targets, indicating a proactive approach to managing potential challenges. Overall, the company's reputation is tied to its strategic execution and efforts to enhance its portfolio's quality and resilience.

Institutional investors hold a significant stake in Broadstone Net Lease, Inc., with ownership percentages ranging from approximately 64.05% to 85%. Major institutional owners as of September 30, 2025, include Vanguard Group Inc., Blackrock, Inc., and State Street Corp. Insider ownership is relatively low, at approximately 0.93%. The general public owns a substantial portion, estimated between 23% and 35.02% of the company's stock.