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Business Wire (Mon, 18-Nov 6:30 AM ET)
Broadstone Net Lease Announces Third Quarter 2024 Results
Business Wire (Wed, 30-Oct 4:10 PM ET)
Broadstone Net Lease Schedules Third Quarter 2024 Earnings Release and Conference Call
Business Wire (Wed, 2-Oct 4:10 PM ET)
Broadstone Net Lease Inc is an internally managed real estate investment trust that invests in, owns, and manages single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The company has selectively invested in net leased assets in the industrial, healthcare, restaurant, retail, and office property types. The company focuses on investing in real estate that is operated by creditworthy single tenants in industries characterized by positive business drivers and trends. The company targets properties that are an integral part of the tenants' businesses and are therefore opportunities to secure long-term net leases.
Broadstone Net Lease trades on the NYSE stock market under the symbol BNL.
As of December 13, 2024, BNL stock price declined to $16.90 with 599,461 million shares trading.
BNL has a beta of 0.49, meaning it tends to be less sensitive to market movements. BNL has a correlation of 0.09 to the broad based SPY ETF.
BNL has a market cap of $3.18 billion. This is considered a Mid Cap stock.
Last quarter Broadstone Net Lease reported $108 million in Revenue and $.35 earnings per share. This beat revenue expectation by $2 million and missed earnings estimates by -$.01.
In the last 3 years, BNL traded as high as $25.31 and as low as $13.68.
The top ETF exchange traded funds that BNL belongs to (by Net Assets): VNQ, VTI, IWM, VB, VBR.
BNL has underperformed the market in the last year with a price return of +9.9% while the SPY ETF gained +31.7%. BNL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.1% and -3.5%, respectively, while the SPY returned +8.4% and +0.9%, respectively.
BNL support price is $16.78 and resistance is $17.10 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BNL shares will trade within this expected range on the day.