Broadstone Net Lease (BNL) Company Overview

VICTOR, N.Y.--(BUSINESS WIRE)-- #acquisitions--Broadstone Net Lease Announces Tax Treatment of 2024 Dividends.

Broadstone Net Lease (BNL) is a diversified REIT with a focus on industrial properties, which had been an area showing strong growth. BNL's portfolio is quite diversified, with over 750 properties, though on a relative basis, it is still a smaller REIT. BNL offers minimal growth expectations going forward but is attractive nonetheless with a 7.18% dividend yield and is valued appropriately with a P/FFO of 10.74x.

Shares in Broadstone Net Lease have traded in a tight range over the past year. Total stock performance has been supported by the REIT's attractive dividend payout. At current pricing, shares offer an annual yield of more than 7%.

We had moved Broadstone Net Lease to a Hold from a Buy the last time around. The stock is down 10.5% since then and the decision to stay out feels good. We go over the fundamentals today and tell you how we would play it.

The financial markets have provided investors with their sentiment for the United States economy moving forward through price action in different asset classes like stocks, bonds, and commodities. From the way gold is making new all-time highs while bond yields are on the rise, investors could assume that one single theme is taking over the behavior coming out of the different markets.

Broadstone Net Lease Inc.'s portfolio emphasizes industrial properties and long-term leases, provides high rental collection rates and moderate concentration risk. Despite its recent top-line challenges, Broadstone maintains solid per-share ratios. Moreover, a seemingly favorable capital structure provides latitude to enhanced performance in a lower interest rate environment. The REIT's valuation metrics suggest relative value is in store, which is accompanied by a forward dividend yield of 6.75%.

VICTOR, N.Y.--(BUSINESS WIRE)---- $BNL #buildtosuit--BNL Announces Updates to its Build-To-Suit Development Funding Commitments and Participation at Nareit's REITworld 2024 Annual Conference.

Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has confirmed the completion of its farm-in agreement with Blue Star Helium Ltd (ASX:BNL, OTC:BSNLF) (ASX: BNL) for a 50% stake in the Galactica-Pegasus helium project located in Las Animas, Colorado. The deal sees Helium One commit to cover $1.50 million of the costs of six development wells, with drilling slated to commence in the fourth quarter of 2024.

Broadstone Net Lease, Inc. (NYSE:BNL ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Brent Maedl - Director of Corporate Finance and IR John Moragne - CEO Ryan Albano - President and COO Kevin Fennell - CFO Conference Call Participants Eric Borden - BMO Anthony Paolone - JP Morgan Upal Rana - KeyBanc Capital Market Jay Kornreich - Wedbush Securities Caitlin Burrows - Goldman Sachs Ki Bin Kim - Truist Operator Hello, and welcome to the Broadstone Net Lease Third Quarter 2024 Earnings Conference Call. My name is Carla, and I'll be operator today.