BNL

Broadstone Net LeaseC

NYSE / Equity Real Estate Investment Trusts (REITs)

At close

2026-06-02

Current thesis

The positive case is that BNL enters this print with constructive primary-source setup: management entered 2026 citing momentum and confidence in AFFO growth [#PR-2025-12-01], Q4 AFFO per share grew 5.6% year over year with 100% rent collection and 2.9% same-store rental revenue growth [#PR-2026-02-18], and the February development update expanded the build-to-suit pipeline [#PR-2026-02-25]. If Q1 confirms that cadence, shares can grind toward the low-$20s.

Posture

Mixed

Lead driver

Value

What changed

2 setup hits (3d) with net bullish as of 2026-06-02.

What can break

As of April 29, 2026, the company had scheduled Q1 2026 results for after the market close, but the checked company sources did not yet confirm the results package, so earnings surprise, guidance revision, and market reaction remain unverified.

Momentum

Value

Sentiment

Setup hits (3d)

2 · Net Bullish

AI TargetsBase $20.50 · Bull $22.00 · Bear $18.00

Data freshness

Prices

As of 2026-06-02

Fundamentals

As of 2026-06-01 • Vendor: Data Vendor v1

Scores

As of 2026-06-02 • Model: HYBRID_IC_RP

AI Memo

As of 2026-04-29 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-06-02

Supporting evidence

What

Grade C · Mixed

Confidence Medium · Net Bullish

Target $20.50

Why

Momentum50 · Δ7d -7.9

Value60 · Δ7d +0.1

Sentiment44 · Δ7d +6.5

So what

Balanced signals (Net Bullish). Wait for confirmation before sizing up.

Lead driver: Value · See fundamentals

Momentum

34% active weight

Current posture

7d trendSoftening

Δ7d

-7.9

Δ21d

-3.8

Value

32% active weight

Current posture

7d trendFlat

Δ7d

+0.1

Δ21d

Sentiment

33% active weight

Current posture

7d trendImproving

Δ7d

+6.5

Δ21d

+8.6

Why this grade

Composite grade C. Momentum 50.4 / Value 60.3 / Sentiment 44.4

Fundamentals (TTM)

As of 2026-06-01

Market Cap

$3.81B

Beta

1.02

Shares Out

189.22M

P/E (TTM)

37.6

P/S (TTM)

7.46

P/FCF (TTM) · Derived

-9.69

Rev YoY

+5.3%

EPS YoY

-26.4%

Gross Margin

+86.9%

Op Margin

+37.3%

Net Debt

$1.9B

Current Ratio

As of 2026-06-02 • Updated nightlySource: Internal modelMethodology