BNLBroadstone Net Lease, Inc.
Is it safe?
No red flags in what's measurable: insiders buying and steady price behavior.
Insiders were net buyers (+$212K, 90 days to Oct 8, 2026). SEC Form 4 filings: officers and directors must report their own trades within two business days.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Relatively steady, low volatility. Worst drawdown -44% · now 20% below its 52-week high.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can BNL take a bad year?
Broadstone Net Lease, Inc. carries $2.68B of net debt at 6.82× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 6.82×
Net debt / EBITDA · 6.35× a year ago · the load is going up
- Cash runway
- 0.1 years
Cash runway · burning $66M a quarter at the current rate
- Annualised volatility
- 20%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ2 2026
- $2.69B
- Cash and short-term investments
- $11M
- Net debt
- $2.68B
- EBITDA, trailing twelve months
- $393M
- Operating profit, trailing twelve months
- $222M
- Debt / equity
- 0.93×
- Total debt / EBITDA
- 6.85×
- Annualised volatilitytwo years of daily moves
- 20%
- Worst drawdown on file
- −44%
- Below its 52-week high
- 20%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
REIT, Diversified
The closest names by size in the same industry