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Broadstone Net Lease Inc

Real Estate US BNL

14.57USD
0.07(0.48%)

Last update at 2024-04-22T20:10:00Z

Day Range

14.4314.64
LowHigh

52 Week Range

13.6817.58
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 130.75M 111.17M 57.22M 87.53M 75.11M
Minority interest -7.36000M 7.10M 179.98M 111.41M 111.82M
Net income 122.11M 102.43M 51.18M 79.39M 69.38M
Selling general administrative 37.38M 36.37M 31.72M 35.58M 30.86M
Selling and marketing expenses - - - - -
Gross profit 385.74M 364.42M 304.16M 282.82M 226.32M
Reconciled depreciation 154.81M 132.10M 131.57M 105.41M 83.69M
Ebit 199.29M 195.91M 139.77M 141.84M 110.99M
Ebitda 354.10M 328.01M 272.45M 247.25M 194.68M
Depreciation and amortization 154.81M 132.10M 132.69M 105.41M 83.69M
Non operating income net other 0.04M 13.11M 14.59M - -
Operating income 199.29M 195.91M 139.77M 141.84M 110.61M
Other operating expenses 213.96M 186.92M 181.89M 160.38M 126.87M
Interest expense 78.65M 64.15M 76.14M 72.53M 52.85M
Tax provision 1.27M 1.64M 0.94M 2.42M 0.86M
Interest income 0.04M 0.02M 0.02M 72.53M 52.68M
Net interest income -78.60800M -64.12900M -76.11400M -72.52500M -52.67600M
Extraordinary items - - - - -
Non recurring -5.53500M 28.21M 19.08M - -
Other items - - - - -
Income tax expense 1.27M 1.64M 0.94M 2.42M 0.86M
Total revenue 407.51M 382.88M 321.64M 298.81M 237.48M
Total operating expenses 192.18M 168.46M 164.41M 144.39M 115.72M
Cost of revenue 21.77M 18.46M 17.48M 15.99M 11.16M
Total other income expense net -68.54200M -84.73800M -82.55200M -54.31600M 17.17M
Discontinued operations - - - - -
Net income from continuing ops 671.23M 101.34M 56.28M 85.11M 75.11M
Net income applicable to common shares 122.11M 102.43M 51.05M 79.39M 69.38M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 5457.61M 4618.65M 4258.48M 3917.86M 3096.80M
Intangible assets 329.58M 303.64M 290.91M 331.89M 286.26M
Earning assets - - - - -
Other current assets 46.46M 17.27M 22.28M 12.61M 3.18M
Total liab 2195.10M 1877.51M 1779.40M 2138.84M 1567.88M
Total stockholder equity 3092.92M 2577.29M 2299.11M 1667.61M 1417.10M
Deferred long term liab 14.52M 13.71M 17.17M 15.89M 15.96M
Other current liab 61.53M 52.39M 4.02M 3.59M 9.89M
Common stock 0.05M 0.04M 0.04M 0.03M 0.02M
Capital stock 0.05M 0.04M 0.04M 0.03M 0.02M
Retained earnings -386.04900M -318.47600M -259.67300M -208.26100M -155.15000M
Other liab 62.85M 70.60M 87.16M 92.22M 85.95M
Good will 339.77M 339.77M 339.77M - -
Other assets 4435.53M 3952.26M 17.17M 15.89M 15.96M
Cash 21.79M 21.67M 100.49M 12.46M 18.61M
Cash and equivalents 21.79M 21.67M 100.49M 12.46M 18.61M
Total current liabilities 306.40M 192.43M 78.96M 238.27M 173.26M
Current deferred revenue - - - - -
Net debt 2001.38M 1667.65M 1440.69M 1968.72M 1427.21M
Short term debt 197.32M 102.00M 197.30M 197.30M 141.10M
Short long term debt 197.32M 102.00M - 197.30M 141.10M
Short long term debt total 2023.17M 1689.32M 1541.18M 1981.17M 1445.83M
Other stockholder equity 3419.39M 2924.17M 2625.00M 1895.93M 1557.42M
Property plant equipment 4501.88M 3804.40M 3357.59M 3417.01M 2641.75M
Total current assets 158.80M 157.13M 226.48M 110.54M 92.06M
Long term investments 63.39M - - - 0.00000M
Net tangible assets 2423.56M 1933.88M 1668.42M 1335.72M 1130.84M
Short term investments - 3804.40M 3384.14M 3457.29M 2683.75M
Net receivables 137.01M 118.18M 103.72M 85.47M 70.27M
Long term debt 1825.85M 1614.49M 1541.18M 1981.17M 1445.83M
Inventory - - - - -
Accounts payable 47.55M 38.04M 74.94M 37.38M 22.27M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 169.59M 163.85M 179.98M - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 59.52M -28.44100M -66.25500M -20.08600M 14.81M
Additional paid in capital - - - - -
Common stock total equity 0.05M 0.04M 0.04M 0.03M 0.02M
Preferred stock total equity - - - - -
Retained earnings total equity -386.04900M -318.47600M -259.67300M - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 4620.94M 3808.47M 3390.58M 3462.58M 2704.78M
Deferred long term asset charges - - - - -
Non current assets total 5298.81M 4461.52M 4032.00M 3807.32M 3004.73M
Capital lease obligations - - 79.65M 92.22M 85.95M
Long term debt total 1825.85M 1614.49M 1613.28M 1981.17M 1445.83M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -828.33200M -581.21800M -60.23600M -831.70700M -510.45900M
Change to liabilities -0.55100M 5.34M 6.65M 8.29M -0.77700M
Total cashflows from investing activities -859.64300M -582.30400M -60.23600M -831.70700M -510.45900M
Net borrowings 100.28M 102.00M -531.96600M 489.26M 248.38M
Total cash from financing activities 636.00M 254.41M -28.37500M 685.67M 391.34M
Change to operating activities 0.80M 2.80M -3.43900M -6.31900M 5.53M
Net income 129.47M 109.53M 56.28M 85.11M 75.11M
Change in cash 32.27M -82.95900M 90.42M 1.32M 8.89M
Begin period cash flow 27.77M 110.73M 20.31M 18.99M 10.10M
End period cash flow 60.04M 27.77M 110.73M 20.31M 18.99M
Total cash from operating activities 255.91M 244.94M 179.03M 147.36M 128.01M
Issuance of capital stock 495.57M 280.36M 588.46M 329.75M 215.90M
Depreciation 150.00M 128.89M 131.57M 105.41M 83.69M
Other cashflows from investing activities 0.06M 0.51M -0.70000M -0.70000M -1.60000M
Dividends paid -181.22400M -154.45900M -71.53200M -61.96100M 51.84M
Change to inventory - - - - -
Change to account receivables 0.66M 0.78M -0.67000M 0.09M -0.87600M
Sale purchase of stock 495.57M 738.41M -0.12600M -54.59900M -10.20400M
Other cashflows from financing activities 1381.96M -22.42500M 238.79M 1167.32M 747.71M
Change to netincome -7.26800M 26.67M 4.95M -42.04500M -30.70700M
Capital expenditures 31.37M 1.60M 10.81M 5.05M 4.96M
Change receivables - - - - -
Cash flows other operating -19.32800M -29.20700M -23.93800M - -
Exchange rate changes - - - - -
Cash and cash equivalents changes 32.27M -82.95900M 90.42M - -
Change in working capital 0.31M 6.47M 2.54M 2.06M 3.88M
Stock based compensation 5.32M 4.67M 1.99M - -
Other non cash items -29.38600M -19.26200M -17.29200M -45.22300M -34.66100M
Free cash flow 224.54M 243.34M 168.22M 142.31M 123.05M

Fundamentals

  • Previous Close 14.50
  • Market Cap3388.34M
  • Volume801397
  • P/E Ratio17.33
  • Dividend Yield6.58%
  • EBITDA382.95M
  • Revenue TTM450.02M
  • Revenue Per Share TTM2.46
  • Gross Profit TTM 385.74M
  • Diluted EPS TTM1.00

Peer Comparison

Sector: Real Estate Industry: REIT - Diversified

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
BNL
Broadstone Net Lease Inc
0.07 0.48% 14.57 17.33 - 7.48 1.02 11.35 11.49
VICI
VICI Properties Inc
0.15 0.54% 28.04 13.14 11.40 9.27 1.33 14.27 15.38
WPC
W P Carey Inc
0.01 0.02% 56.22 17.96 - 8.15 1.54 12.82 12.76
STKAF
Stockland
- -% 2.90 27.50 14.81 2.56 1.08 3.44 15.75
LDSCY
Land Securities Group PLC ADR
- -% 8.00 - 15.34 9.25 0.89 14.18 -21.893

Reports Covered

Stock Research & News

Profile

BNL is an industrial-focused, diversified net lease REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. Utilizing an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting, as of September 30, 2023, BNL's diversified portfolio consisted of 800 individual net leased commercial properties with 793 properties located in 44 U.S. states and seven properties located in four Canadian provinces across the industrial, healthcare, restaurant, retail, and office property types.

Broadstone Net Lease Inc

800 Clinton Square, Rochester, NY, United States, 14604

Key Executives

Name Title Year Born
Mr. Christopher J. Czarnecki CEO, Pres & Non-Independent Director 1981
Mr. Ryan M. Albano CPA Exec. VP & CFO 1982
Mr. John D. Moragne Exec. VP & COO 1982
Mr. Roderick A. Pickney Sr. VP of Acquisitions 1978
Ms. Andrea T. Wright Sr. VP of Property Management 1982
Mr. Timothy D. Dieffenbacher Sr. VP, Chief Accounting Officer & Treasurer 1988
Mr. Michael B. Caruso Sr. VP of Corp. Fin. & Investor Relations 1994
Mr. John D. Callan Jr. Sr. VP, Gen. Counsel & Sec. 1985
Ms. Molly Kelly Wiegel Sr. VP of HR 1971
Mr. Laurier James Lessard Jr. Sr. VP of Asset Management 1968

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