BNL - Broadstone Net Lease: Why We Prefer It Over Realty Income
2024-03-10 07:09:43 ET
Summary
- BNL is a REIT that has established a strong presence in the triple net arena, particularly in the industrial sector.
- BNL offers industrial exposure and additional differentiators that make us prefer it over Realty Income,.
- We tell you why this may not be for everyone despite the safe 7.76% yield.
We recently bought some Broadstone Net Lease, Inc. ( BNL ). This was a trade by selling Universal Health Realty Income Trust ( UHT ), another real estate play where we felt the risk-reward had become unattractive. We were looking for defensive plays that would withstand the pricing out of rate cuts from the 2024 roster. At the time, we considered the option of going into Realty Income ( O ). We last downgraded he monthly dividend company to a hold following a blockbuster rally. It had also pulled back and was on offer for a better entry....
Broadstone Net Lease: Why We Prefer It Over Realty Income