BNL - Broadstone Net Lease: Great Risk-To-Reward Ratio Accompanied By Top Business Metrics
2024-05-27 07:40:05 ET
Summary
- BNL has great business metrics and a safe financing structure.
- The market has underestimated BNL's value proposition.
- BNL has a clear path to double-digit total returns.
- Already halfway through its portfolio reorganization strategy, BNL is likely to overcome its headwinds.
Investment thesis
Broadstone Net Lease ( BNL ) offers an attractive and well-covered dividend, yielding ~7.5% and a low AFFO payout ratio of ~80% .
Considering the coherence between management communication and BNL's investment activity, impressive business metrics, and safe financing structure, the market underestimated the Company's value proposition....
Broadstone Net Lease: Great Risk-To-Reward Ratio Accompanied By Top Business Metrics