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Broadstone Net LeaseBNL -3.09%77 Debt-to-EBITDA is 5.79 as of Jun. 2026, which is 8% below its 10-year median of 6.29. GuruFocus rates BNL with a GF Score™ of 77/100 and a GF Value™ of $17.75 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 572 REITs companies, Broadstone Net Lease ranks worse than 51.92% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Broadstone Net Lease's Debt-to-EBITDA or its related term are showing as below:
BNL'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.74 Med: 6.29 Max: 7.47
Current: 6.68
During the past 11 years, the highest Debt-to-EBITDA Ratio of Broadstone Net Lease was 7.47. The lowest was 4.74. And the median was 6.29.
BNL's Debt-to-EBITDA is ranked worse than 51.92% of 572
companies
in the REITs industry
Industry Median: 6.545
vs BNL: 6.68
Broadstone Net Lease (NYSE:BNL) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Broadstone Net Lease Debt-to-EBITDA Related Terms
Broadstone Net Lease Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Broadstone Net Lease's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Diversified subindustry, Broadstone Net Lease's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Broadstone Net Lease Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Broadstone Net Lease's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Broadstone Net Lease's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.
Broadstone Net Lease (BNL) has a Debt-to-EBITDA of 5.79 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Broadstone Net Lease. This is near median its historical median of 6.29. Over the past decade, Broadstone Net Lease's Debt-to-EBITDA has ranged from 4.74 to 7.47. According to the industry distribution chart, Broadstone Net Lease ranks #297 out of 572 companies in the REITs industry, placing it in the top 51.9%.
Is Broadstone Net Lease's Debt-to-EBITDA too high?
Broadstone Net Lease's current Debt-to-EBITDA of 5.79 is near median its 10-year median of 6.29. Over the past 10 years, this metric has ranged from a low of 4.74 to a high of 7.47. The REITs industry median Debt-to-EBITDA is 6.55. Broadstone Net Lease's value of 5.79 is 11.5% below this industry median. Based on the distribution chart, Broadstone Net Lease ranks #297 out of 572 companies in the REITs industry, which is below the industry midpoint. Overall, Broadstone Net Lease has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Broadstone Net Lease's Debt-to-EBITDA compare to GNL and AAT?
According to the REITs industry distribution chart, Broadstone Net Lease ranks #297 out of 572 companies for Debt-to-EBITDA. This places Broadstone Net Lease in the lower half of its industry. The industry median Debt-to-EBITDA is 6.55. Broadstone Net Lease's value of 5.79 is 11.5% below this benchmark. Historically, Broadstone Net Lease's own Debt-to-EBITDA has ranged from 4.74 to 7.47 over the past decade. While the company's 10-year median is 6.29 vs. the industry median of 6.55, Broadstone Net Lease has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.55, based on 572 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Broadstone Net Lease's current Debt-to-EBITDA of 5.79 is 11.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Broadstone Net Lease. For the REITs industry, the median Debt-to-EBITDA is 6.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Broadstone Net Lease's current Debt-to-EBITDA is 5.79, which is near median its own 10-year median of 6.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Broadstone Net Lease stock overvalued right now?
Based on GuruFocus' analysis, Broadstone Net Lease (BNL) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.75, compared to a current price of $21.47 — trading 20.9% above its estimated fair value. The current Debt-to-EBITDA is 5.79, which is near median its 10-year median of 6.29 and 11.5% below the REITs industry median of 6.55. Broadstone Net Lease's overall GF Score™ is 77/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Broadstone Net Lease (BNL), the current Debt-to-EBITDA is 5.79 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Broadstone Net Lease (BNL) Overvalued in 2026?
Based on GuruFocus' analysis, Broadstone Net Lease stock appears to be overvalued.
The current stock price of $21.47 is trading 20.9% above its estimated GF Value™ of $17.75.
GuruFocus considers Broadstone Net Lease to be Modestly Overvalued.
Key valuation signals for BNL:
Debt-to-EBITDA: 5.79 (near median its 10-year median of 6.29)
GF Value™: $17.75 vs. price of $21.47 (20.9% above fair value)
Industry Position: 11.5% below the REITs median (#297 of 572)
No single metric tells the full story. See the BNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Broadstone Net Lease Inc is an internally managed real estate investment trust that invests in, owns, and manages single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The company has selectively invested in net leased assets in the industrial, healthcare, restaurant, retail, and office property types. The company focuses on investing in real estate that is operated by creditworthy single tenants in industries characterized by positive business drivers and trends. The company targets properties that are an integral part of the tenants' businesses and are therefore opportunities to secure long-term net leases.
77GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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