3 stories mentioning BNLUpdated 6d ago
Every FINWIRES story that references BNL, newest first.
Broadstone Net Lease (BNL) has an average rating of overweight and mean price target of $22.10, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Broadstone Net Lease (BNL) has an average rating of overweight and mean price target of $21.82, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $20.60, Change: $+0.02, Percent Change: +0.07%
Broadstone Net Lease (BNL), FrontView REIT (FVR) and other triple net REITS are projected to post Q1 growth in adjusted funds from operations of 1.9%, down from 3.5% in the previous quarter, Morgan Stanley said in a Tuesday note.These REITs benefit from long-term leases of 10 to 30 years with a diversified set of tenants, strong balance sheets, and attractive dividends yields of 4% to 7%, the Morgan Stanley analysts said.Broadstone Net Lease is expected to have 4.1% growth in adjusted funds from operations for 2026 to 2027 according to consensus, surpassing its peers' expected average of 3.8%, the analysts said. The figure is backed by a visible build-to-suit development pipeline, with potential upside from Project Triboro, according to the note.FrontView REIT is also projected to beat peers' average with an estimated 4.8% growth in adjusted funds from operations in the same period, the analysts said. A delayed-draw convertible perpetual preferred equity investment, led by Maewyn Capital Partners. de-risks estimated investment funding for 2026, the note said.Triple net REITs outperformed the broader REIT sector with 12% year-to-date gains compared with 10.9%, while trading at a -30% multiple discount, the analysts said, adding that they see value in "proven operators with discounted multiples."Morgan Stanley raised Broadstone Net Lease's price target to $24 from $19, and FrontView REIT's to $18 from $14, while maintaining both stocks' rating at equal-weight.Price: $19.89, Change: $-0.15, Percent Change: -0.72%
