BNL - Broadstone Net Lease: A REIT To Consider For Post Rate Hikes

2024-02-25 07:30:00 ET

Summary

• Broadstone Net Lease is an internally-managed REIT with a short track record but a shareholder-friendly structure.
• BNL has a diversified portfolio of properties across different sectors like Industrial, Healthcare, and the retail segments. They also have longer lease terms, similar to peer Realty Income.
• Although their current dividend is well-covered by its AFFO, the payout ratio is slightly higher than peers like Agree Realty & NNN REIT.
• The company's balance sheet remain strong with no significant debt maturing until 2026, giving them financial flexibility to continue growing the portfolio.

Introduction

Count me as one of the people who also think interest rates will be cut sometime soon. When to be exact? No one knows, but I do think we'll get one sometime this year. There's also a chance we can get another increase before cuts as seen by the latest CPI report....

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