BNL vs NNN Stock Comparison

Broadstone Net Lease and Nnn Reit Prices as of Oct 23, 2026 Peers: Industry group
NNN Nnn Reit, Inc.
$41.72 +0.9% 1M -1.3% 1Y
Market cap
$8.00B
P/E
20.8x
Revenue (TTM)
$953.25M
Div. yield
0.06%
Net Lease REITs Real Estate
7 wins

Head to Head

10 decided of 12

Nnn Reit leads on 7 of the 12 questions below (Nnn Reit 7, Broadstone Net Lease 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBNLNNNLeader
Larger companyMarket capitalisation $3.29B $8.00B NNN
Cheaper on earningsLower P/E, profitable companies only 22.6x 20.8x NNN
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.5x 21.0x NNN
Faster revenue growthRevenue growth, trailing twelve months +7.7% +6.5% BNL
More profitableNet margin, trailing twelve months 30.6% 40.4% NNN
Better return on capitalReturn on invested capital — — –
Less leveragedLower net debt / EBITDA — 5.7x –
Higher dividend yieldTrailing dividend yield 0.07% 0.06% BNL
Better 1-year returnPrice return, last 12 months -7.3% -1.3% NNN
Better 5-year returnAnnualised price return, 5 years -7.9%/yr -2.0%/yr NNN
Less volatileAnnualised volatility, 1 year 20.1% 17.7% NNN
Higher overall scoreMean of the five percentile scores vs peers 70/100 50/100 BNL

Percentile Scorecard

BNLNNN

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBNLNNN
Valuation 73 #40 of 145 27 #106 of 145
Growth 64 #53 of 144 39 #89 of 144
Profitability 65 #50 of 140 89 #17 of 140
Financial Health 84 #24 of 146 48 #76 of 146
Shareholder Returns 63 #50 of 132 49 #68 of 132
Overall 70 50
  • BNL ranked among 149 companies in Property REITs
  • NNN ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBNLNNNSPY
1 month -8.2%+0.9% -1.0%
3 months -22.4%-15.5% +2.9%
6 months -13.3%-4.9% +6.4%
Year to date -0.1%+5.3% +11.4%
1 year -7.3%-1.3% +13.1%
3 years +23.1%+17.4% +79.4%
3 years, per year +7.2%+5.5% +21.5%
5 years -33.8%-9.6% +67.7%
5 years, per year -7.9%-2.0% +10.9%
10 years —-11.6% +255.2%
10 years, per year —-1.2% +13.5%

Risk

MeasureBNLNNNSPY
Volatility, 1Y 20.1%17.7% 12.7%
Downside volatility, 1Y 21.4%18.1% 12.7%
Beta vs S&P 500, 1Y 0.00-0.12 1.00
Return / volatility, 1Y -0.36-0.07 1.03
Max drawdown, 5Y -48.9%-28.3% -25.4%
From 52-week high -23.9%-15.8% -2.5%
52-week high $22.82$49.56 $779.14
52-week low $17.22$39.05 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBNLNNN
P/E now vs peer median 22.7xmedian 27.0x 20.6xmedian 27.0x
P/S now vs peer median 7.0xmedian 4.1x 8.4xmedian 4.1x
EV/EBITDA now vs peer median —median 14.5x 14.8xmedian 14.5x
P/FCF now vs peer median 10.5xmedian 23.7x -33.4xmedian 23.7x
P/B now vs peer median 1.1xmedian 1.3x 1.8xmedian 1.3x
PEG now vs peer median -4.34median 2.07 457.61median 2.07

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBNLNNN
Revenue $476.17M $953.25M
Operating income – $593.86M
Net income $148.74M $384.67M
Free cash flow $317.30M -$239.49M
EPS (diluted) $0.73 $2.03
Cash & equivalents $11.10M $4.22M
Total debt $6.18B $19.55B
Shares (diluted) 200.26M 189.62M
Enterprise value $3.15B $7.83B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBNLNNN
P/E 22.7x 20.6x
P/FCF 10.5x -33.4x
P/Operating cash flow 11.8x 11.9x
P/S 7.0x 8.4x
P/B 1.1x 1.8x
P/Tangible book 1.2x 1.8x
EV/EBITDA – 14.8x
EV/EBIT – 21.9x
EV/Revenue 10.5x 13.6x
EV/FCF 15.8x -54.3x
EV/Operating cash flow 17.7x 19.3x
PEG (3Y EPS CAGR) -4.34 457.61

Growth

14 metrics
MetricBNLNNN
Revenue growth (1Y) 7.7% 6.5%
Revenue CAGR (3Y) 2.4% 6.1%
Gross profit growth (1Y) – –
Gross profit CAGR (3Y) – –
Operating income growth (1Y) – 2.2%
Operating income CAGR (3Y) – 4.4%
Net income growth (1Y) 45.1% -2.1%
Net income CAGR (3Y) -4.3% 1.5%
EPS growth (1Y) 45.1% -3.4%
EPS CAGR (3Y) -5.2% 0.0%
Operating cash flow growth (1Y) 0.4% 4.0%
Operating cash flow CAGR (3Y) 1.0% 3.8%
Free cash flow growth (1Y) 289.5% -54.7%
Free cash flow CAGR (3Y) 104.4% -4.3%

Profitability

14 metrics
MetricBNLNNN
Gross margin – –
EBITDA margin – 92.1%
Operating margin – 62.3%
Pretax margin – 40.4%
Net margin 30.6% 40.4%
FCF margin 66.6% -25.1%
Operating cash flow margin 59.4% 70.6%
Return on equity 4.9% 8.7%
Return on assets 2.5% 4.0%
Return on invested capital – –
Return on capital employed – –
Asset turnover 0.1x 0.1x
Cash conversion (OCF / net income) 1.9x 1.7x
Stock comp / revenue 2.2% 1.5%

Financial Health

11 metrics
MetricBNLNNN
Debt / assets 28.6% 52.1%
Debt / equity 0.6x 1.1x
Net debt / EBITDA – 5.7x
Debt / FCF 5.3x -20.9x
Liabilities / assets 48.7% 53.6%
Equity / assets 51.3% 46.4%
Interest coverage – 2.8x
Current ratio – –
Quick ratio – –
Cash ratio – –
Altman Z-score – –

Shareholder Returns

7 metrics
MetricBNLNNN
Dividend yield 6.7% 5.8%
Net buyback yield – -1.9%
Shareholder yield 6.7% 3.9%
Payout ratio (earnings) 147.4% 117.9%
Payout ratio (FCF) 69.1% -189.3%
Dividend growth (1Y) -0.2% 5.1%
Dividend CAGR (3Y) 3.7% 4.8%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBNLNNN
Forward P/E 23.5xFY2026 21.0xFY2026
EPS, next fiscal year $0.74FY2026 $1.99FY2026
EPS growth, next FY +48.0%FY2026 -3.9%FY2026
EPS growth, the year after +6.8% +9.5%
Revenue, next fiscal year $468.95MFY2026 $1.03BFY2026
Revenue growth, next FY +3.3%FY2026 +11.8%FY2026
Revenue growth, the year after +16.2% -4.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBNLNNN
Held by institutions 98.0% 99.3%
Institutions holding 375 601
Change in shares held, QoQ +30.3% +6.9%
Institutions buying 218 350
Institutions selling 98 163
Buyers to sellers 2.22 2.15

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BNLNNN
BNL 1.00 0.69
NNN 0.69 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BNL and NNN?

Nnn Reit (NNN) is the largest by market capitalisation: Broadstone Net Lease (BNL) $3.29B, Nnn Reit (NNN) $8.00B.

Which stock is cheaper, BNL and NNN?

Nnn Reit (NNN) trades on the lowest price-to-earnings ratio (Broadstone Net Lease (BNL) 22.6x, Nnn Reit (NNN) 20.8x). On next year's consensus earnings, Nnn Reit (NNN) is cheapest (Broadstone Net Lease (BNL) 23.5x, Nnn Reit (NNN) 21.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Broadstone Net Lease (BNL) grew revenue fastest over the trailing twelve months: Broadstone Net Lease (BNL) +7.7%, Nnn Reit (NNN) +6.5%.

Which company is more profitable?

Nnn Reit (NNN) has the highest net margin (Broadstone Net Lease (BNL) 30.6%, Nnn Reit (NNN) 40.4%).

Which stock has performed better?

Over the past year Nnn Reit (NNN) returned the most: Broadstone Net Lease (BNL) -7.3%, Nnn Reit (NNN) -1.3%. Over five years, Nnn Reit (NNN) compounded fastest (Broadstone Net Lease (BNL) -7.9%/yr, Nnn Reit (NNN) -2.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Broadstone Net Lease (BNL) has the highest dividend yield: Broadstone Net Lease (BNL) 0.07%, Nnn Reit (NNN) 0.06%.

Which stock is riskier?

By one-year price volatility, Nnn Reit (NNN) has been the steadiest (Broadstone Net Lease (BNL) 20.1%, Nnn Reit (NNN) 17.7%). Volatility measures how widely the price swings, not the risk of the business.

Do BNL and NNN move together?

Their daily returns over the past year have a correlation of 0.69, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, BNL and NNN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Nnn Reit (NNN) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.