TORVANTA
Other · S&P 500 · data as of 2026-10-05

BNL stock analysis: BNL

BNL (BNL) is an S&P 500 company in Other.

The model's view of BNL · subscribers

Where BNL ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with BNL · updated 2026-10-05 · from prices and SEC filings

BNL price performance

BNL against the S&P 500, one year
+0%+20%S&P 500 +18%BNL +11%2025-09-292026-10-05
Year to date+10.9%S&P 500 +14.5% · behind by 3.6 pts
1 year+4.8%S&P 500 +17.0% · behind by 12.2 pts
3 years+57.9%S&P 500 +89.3% · behind by 31.4 pts
5 years-0.1%S&P 500 +91.3% · behind by 91.4 pts

Total returns with dividends reinvested.

BNL factor grades

Each grade compares BNL with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

C+ValueP/E 24.2x (industry 20.1x)FCF yield 7.3% (industry 6.0%)
B-GrowthRevenue growth +8% (industry +8%)EPS growth +46% (industry +10%)
B-Profitability
CMomentum12-month change +5%From 52-wk high -18%

BNL in plain numbers

BNL key statistics

SectorOther
Industryn/a
IndexS&P 500
Market value$3.5B
Revenue growth (y/y)+8%
Free-cash-flow yield7.3%
Dividend yield6.4%
Next earnings (expected)2026-10-28
Valuation measures
Market value$3.5B
Enterprise value$6.2B
P/E (trailing)24.2x
Forward P/E (Torvanta estimate)19.2x
PEG (Torvanta estimate)0.73
Price / sales7.4x
Price / book1.2x
EV / revenue13.0x
Financial highlights
Revenue, last 12 months$476.2M
Net income, last 12 months$145.8M
EPS, last 12 months (GAAP)$0.76
Net margin30.6%
Return on equity5.0%
Cash$11.1M
Total debt$2.7B
Debt / equity0.93x
Free cash flow, last 12 months$257.1M

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

BNL earnings trends

Revenue vs earnings
$0$30.6M$61.2M$91.7M$122.3MSep 2024 Revenue: $108.4MDec 2024 Revenue: $112.1MMar 2025 Revenue: $108.7MJun 2025 Revenue: $113.0MSep 2025 Revenue: $114.2MDec 2025 Revenue: $118.3MMar 2026 Revenue: $121.4MJun 2026 Revenue: $122.3MSep 2024 Net income: $35.6MDec 2024 Net income: $26.4MMar 2025 Net income: $16.7MJun 2025 Net income: $20.2MSep 2025 Net income: $26.5MDec 2025 Net income: $33.1MMar 2026 Net income: $46.4MJun 2026 Net income: $39.8MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 32.8%Net margin: 23.5%Net margin: 15.4%Net margin: 17.8%Net margin: 23.2%Net margin: 28.0%Net margin: 38.2%Net margin: 32.5%0%19%38%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.1$0.1$0.2$0.2Sep 2024 EPS (GAAP, diluted): $0.2Dec 2024 EPS (GAAP, diluted): $0.1Mar 2025 EPS (GAAP, diluted): $0.1Jun 2025 EPS (GAAP, diluted): $0.1Sep 2025 EPS (GAAP, diluted): $0.1Dec 2025 EPS (GAAP, diluted): $0.2Mar 2026 EPS (GAAP, diluted): $0.2Jun 2026 EPS (GAAP, diluted): $0.2Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 -26% · Dec 2025 +21% · Mar 2026 +167% · Jun 2026 +110%

From the company's 10-Q and 10-K filings with the SEC.

BNL financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$382.9M$407.5M$442.9M$431.8M$454.1M
Net income$102.4M$122.1M$155.5M$162.4M$96.5M
EPS (GAAP)$0.66$0.72$0.82$0.87$0.50
Free cash flow$243.3M$224.5M$224.8M$259.5M$269.8M

BNL earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-29$0.21+110%+8%-4.1%
2026-04-29$0.24+167%+12%-2.1%
2026-02-18$0.17+21%+6%-6.1%
2025-10-29$0.14-26%+5%-3.1%
2025-07-30$0.10-47%+7%+1.4%
2025-06-02$0.09-74%+3%-0.1%

About BNL

HeadquartersVictor, NY
Industry (SEC code)Real Estate Investment Trusts
Fiscal year endsDecember 31
Listed onNYSE
FormerlyBroadstone Net Lease Inc

From the company's SEC registration record.

Companies similar to BNL

CompanyMarket valueP/ERevenue growthOperating margin12-month change
BNL BNL$3.5B24.2x+8%n/a+5%
THO THO$3.5B19.8x+0%n/a-37%compare
BBWI BBWI$3.5B4.6x-2%16.7%-30%compare
RHI RHI$3.5B29.8x-5%0.2%+8%compare
KTB KTB$3.5B13.4x+16%11.9%-20%
IPGP IPGP$3.6B128.6x+13%0.7%-1%
VAC VAC$3.5Bn/a+2%n/a+55%

All Other stock ratings

Frequently asked questions

Is BNL stock a buy?

Torvanta does not tell individuals what to buy. Its grades for BNL are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is BNL's P/E ratio?

BNL trades at about 24.2 times its last 12 months of GAAP earnings reported to the SEC, and about 19.2 times Torvanta's own estimate of the next 12 months.

When does BNL report earnings next?

Based on its filing history, Torvanta expects BNL to report around 2026-10-28.

Does BNL pay a dividend?

Yes. Its dividend yield is about 6.4%, and it has raised its dividend 4 years in a row.

How has BNL performed against the S&P 500?

Over the past year BNL returned +4.8%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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