Quality score · BNL · Real Estate

Is Broadstone Net Lease Inc a quality business?

Broadstone Net Lease Inc (BNL) scored on five pillars from its reported financial statements, and ranked against 84 Real Estate companies.

5.7/ 10
Solid quality
as of October 19, 2026
Profitability
5.9 Average
Solvency
—
Growth
4.2 Average
Efficiency
6.2 Average
Predictability
6.6 Average
Strongest pillar: Predictability · Weakest: Growth

Broadstone Net Lease Inc (BNL) scores 5.7 out of 10 as of , computed from its reported financial statements. That reads as solid quality. The reading rests on predictability, and growth is what holds it back.

One pillar, solvency, is unscored because the filings behind it carry too little to judge. It is shown as a dash rather than a zero, and the overall score is the weighted average of what could be scored.

Data provided by Twelve Data. Scores are computed by Lemma Analysis from reported financials.

Does Broadstone Net Lease Inc have an economic moat?

Not enough data

We cannot judge Broadstone Net Lease Inc yet, because fewer than five years had both a return on capital and a cost of capital we could measure. This is not a “no”.

Quantitative signs of a moat, read from the filed statements. This is not a judgement of where it comes from (brand, network effects, switching costs). How Lemma measures a moat →

How Broadstone Net Lease Inc scores

Broadstone Net Lease Inc (BNL) has a Lemma Quality Score of 5.7 out of 10 as of October 19, 2026, which reads as solid quality. A solid reading is a respectable business with clear strengths and at least one area that falls short of the best in its field. Five pillars feed it, and every one of them is computed from what the company reported rather than from its share price.

Ranked with the 84 Real Estate companies Lemma publishes, the score sits at the 67th percentile, above the middle of the group. The median across the group is 5.2, and the top quarter begins at 5.9, so Broadstone Net Lease Inc is above the typical company here.

Pillar by pillar

Profitability

On profitability, Broadstone Net Lease Inc scores 5.9, an average reading. Its peers have a median of 4.8 across 80 Real Estate companies, which places it above them, at the 66th percentile. An average profitability reading usually means the company earns a fair return without obvious pricing power, so the other pillars decide more of the story.

Solvency

There is no solvency score for Broadstone Net Lease Inc: too little of the pillar could be measured from the filings to give an honest reading. The overall is therefore the weighted average of the other pillars. Across 34 Real Estate companies the median for this pillar is 3.7. Without it the overall says nothing about how comfortably the company carries its debt.

Growth

Growth scores 4.2 out of 10, which reads as average. The median across 74 Real Estate companies is 5.2, so Broadstone Net Lease Inc is below its peers on this pillar and ranks at the 30th percentile. Growth near the median is neither a reason to buy nor a concern, but it does mean the quality case rests more on the other pillars.

Efficiency

On efficiency, Broadstone Net Lease Inc scores 6.2, an average reading. Its peers have a median of 6.4 across 80 Real Estate companies, which places it in line with them, at the 47th percentile. Middling efficiency is unremarkable on its own, though improvements here tend to show up in free cash flow first.

Predictability

On predictability, Broadstone Net Lease Inc scores 6.6, an average reading. Its peers have a median of 4.9 across 83 Real Estate companies, which places it well above them, at the 90th percentile. An average predictability reading means results have wobbled about as much as is normal for the sector.

Strongest and weakest pillar

The profile is uneven. Predictability leads at 6.6 while growth trails at 4.2, a gap of 2.4 points, so the overall averages a clear strength against a clear soft spot. A predictability lead means consistency is the business’s strongest trait, which makes its other readings easier to trust. A growth shortfall often comes with size or a maturing market, and is less of a concern if the other pillars are strong.

What would move the score

Of everything that could lift Broadstone Net Lease Inc’s score, growth matters most. Bringing it up to the 5.2 median of Real Estate companies would take the overall from 5.7 to roughly 6.0. Only four of the five pillars could be scored. Together they carry 80 of the 100 weight points (the full set is profitability 25, solvency 20, growth 20, efficiency 15, predictability 20), and the overall is the weighted average of those alone.

Broadstone Net Lease Inc and similar companies

These are the Real Estate companies closest to Broadstone Net Lease Inc in market value. Each has its own page scored on the same five pillars, so the comparison is like for like.

What each pillar measures

Profitability

5.9 / 10

How much profit the company generates from its capital and sales.

Solvency

—

The company’s ability to service debt and meet its obligations.

Growth

4.2 / 10

How fast revenue, earnings and cash flow are compounding.

Efficiency

6.2 / 10

How well assets and earnings convert into cash and output.

Predictability

6.6 / 10

How stable and consistent results have been over time.

How this score is calculated

Each metric is scored from 0 to 10 against sector-aware benchmarks, where higher is better. Metrics roll up into five pillars, and the pillars combine into the overall score using the weights shown. Sector-sensitive metrics are judged relative to peers in the same sector.

Limitations

This score is a systematic, backward-looking read of reported fundamentals. It does not judge valuation, management quality, competitive moat, or future prospects, and can be distorted by one-off items or unusual accounting. Treat it as a starting point, not a recommendation.

Educational only. Not investment advice.

FAQ

Is Broadstone Net Lease Inc a quality business?

On this reading Broadstone Net Lease Inc scores 5.7 out of 10, which reads as solid quality. Its strongest pillar is predictability, its weakest is growth. Quality is not the same as a good investment: the score says nothing about the price you would pay.

How does Broadstone Net Lease Inc compare with other Real Estate companies?

Broadstone Net Lease Inc ranks at the 67th percentile of the 84 Real Estate companies Lemma publishes a score for. The median there is 5.2 and the top quarter starts at 5.9, against Broadstone Net Lease Inc’s 5.7.

What does the BNL quality score measure?

Five pillars, each scored from 0 to 10 against sector-aware benchmarks and then weighted into one overall reading: profitability, solvency, growth, efficiency and predictability. Everything comes from reported financials, and nothing comes from price, sentiment or forecasts.

How current is this score?

This page last changed on October 19, 2026. The score moves with the financial statements, so the page changes when a new filing moves the reading rather than on a schedule. Live figures for BNL are in the app.

Does a high score mean the stock is cheap?

No. Quality and valuation are separate questions, and a good business at the wrong price is still a bad purchase. Score the business here, then price it with a DCF you control.

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Inside Lemma Analysis the same five pillars run on every company we cover, with the metrics behind each one, current fundamentals, a DCF you control and a watchlist that tells you when the price catches up.

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