NNN vs BNL Stock Comparison

Nnn Reit and Broadstone Net Lease 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.

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

Percentile Scorecard

NNNBNL

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

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

Price Performance

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

Returns

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

Risk

MeasureNNNBNLSPY
Volatility, 1Y 17.7%20.1% 12.7%
Downside volatility, 1Y 18.1%21.4% 12.7%
Beta vs S&P 500, 1Y -0.120.00 1.00
Return / volatility, 1Y -0.07-0.36 1.03
Max drawdown, 5Y -28.3%-48.9% -25.4%
From 52-week high -15.8%-23.9% -2.5%
52-week high $49.56$22.82 $779.14
52-week low $39.05$17.22 $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.

MultipleNNNBNL
P/E now vs peer median 20.6xmedian 27.0x 22.7xmedian 27.0x
P/S now vs peer median 8.4xmedian 4.1x 7.0xmedian 4.1x
EV/EBITDA now vs peer median 14.8xmedian 14.5x —median 14.5x
P/FCF now vs peer median -33.4xmedian 23.7x 10.5xmedian 23.7x
P/B now vs peer median 1.8xmedian 1.3x 1.1xmedian 1.3x
PEG now vs peer median 457.61median 2.07 -4.34median 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 monthsNNNBNL
Revenue $953.25M $476.17M
Operating income $593.86M –
Net income $384.67M $148.74M
Free cash flow -$239.49M $317.30M
EPS (diluted) $2.03 $0.73
Cash & equivalents $4.22M $11.10M
Total debt $19.55B $6.18B
Shares (diluted) 189.62M 200.26M
Enterprise value $7.83B $3.15B

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

Growth

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

Profitability

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

Financial Health

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

Shareholder Returns

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

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.

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

Institutional Ownership

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

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.

NNNBNL
NNN 1.00 0.69
BNL 0.69 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NNN and BNL?

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

Which stock is cheaper, NNN and BNL?

Nnn Reit (NNN) trades on the lowest price-to-earnings ratio (Nnn Reit (NNN) 20.8x, Broadstone Net Lease (BNL) 22.6x). On next year's consensus earnings, Nnn Reit (NNN) is cheapest (Nnn Reit (NNN) 21.0x, Broadstone Net Lease (BNL) 23.5x). 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: Nnn Reit (NNN) +6.5%, Broadstone Net Lease (BNL) +7.7%.

Which company is more profitable?

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

Which stock has performed better?

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

Which pays a higher dividend?

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

Which stock is riskier?

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

Do NNN and BNL 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, NNN and BNL?

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.