BNL - Broadstone Net Lease: Very Much Underestimated
2024-05-21 09:06:41 ET
Summary
- Key metrics show that Broadstone Net Lease's portfolio is resilient.
- The REIT's robust industrial property performance is surprising, given the volatile economic environment.
- We believe lower operating expenses and an improved cost of capital will likely occur in due course.
- In our view, the REIT's price multiples illustrate relative value and its dividend is best-in-class.
- Technical pricing factors exist. However, we are net bullish on this net REIT's prospects!
Broadstone Net Lease, Inc. ( BNL ) is in focus today. The net lease REIT operates a diversified portfolio of assets that present numerous talking points, given the current economic climate....
Broadstone Net Lease: Very Much Underestimated