Broadstone Net LeaseBNL +0.90%78 Interest Coverage is 2.51 as of Mar. 2026, which is 1% above its 10-year median of 2.48. GuruFocus rates BNL with a GF Score™ of 78/100 and a GF Value™ of $17.62 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 700 REITs companies, Broadstone Net Lease ranks worse than 62.14% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Broadstone Net Lease's
Operating Income
for the
three
months ended in Mar. 2026 was $63.3 Mil. Broadstone Net Lease's Interest Expense for the
three
months ended in Mar. 2026 was $-25.3 Mil.
Broadstone Net Lease's interest coverage for the quarter that ended in Mar. 2026 was 2.51.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Broadstone Net Lease's Interest Coverage or its related term are showing as below:
BNL'
s Interest Coverage Range Over the Past 10 Years
Min: 1.84 Med: 2.48 Max: 3.05
Current: 2.38
BNL's Interest Coverage is ranked worse than 62.14% of 700
companies
in the REITs industry
Industry Median: 3.095
vs BNL: 2.38
Broadstone Net Lease (NYSE:BNL) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Broadstone Net Lease Interest Coverage Related Terms
Broadstone Net Lease Interest Coverage Historical Data
* Premium members only.
The historical data trend for Broadstone Net Lease's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
BNL vs GNL, AAT, SAFE: Interest Coverage Comparison
For the REIT - Diversified subindustry, Broadstone Net Lease's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, Broadstone Net Lease's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Broadstone Net Lease's Interest Coverage falls into.
Broadstone Net Lease Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
Broadstone Net Lease (BNL) has a Interest Coverage of 2.51 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Broadstone Net Lease and its competitors. This is near median its historical median of 2.48. Over the past decade, Broadstone Net Lease's Interest Coverage has ranged from 1.84 to 3.05. According to the industry distribution chart, Broadstone Net Lease ranks #435 out of 700 companies in the REITs industry, placing it in the top 62.1%.
Is Broadstone Net Lease's Interest Coverage too high?
Broadstone Net Lease's current Interest Coverage of 2.51 is near median its 10-year median of 2.48. Over the past 10 years, this metric has ranged from a low of 1.84 to a high of 3.05. The REITs industry median Interest Coverage is 3.10. Broadstone Net Lease's value of 2.51 is 18.9% below this industry median. Based on the distribution chart, Broadstone Net Lease ranks #435 out of 700 companies in the REITs industry, which is below the industry midpoint. Overall, Broadstone Net Lease has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Broadstone Net Lease's Interest Coverage compare to GNL and AAT?
According to the REITs industry distribution chart, Broadstone Net Lease ranks #435 out of 700 companies for Interest Coverage. This places Broadstone Net Lease in the lower half of its industry. The industry median Interest Coverage is 3.10. Broadstone Net Lease's value of 2.51 is 18.9% below this benchmark. Historically, Broadstone Net Lease's own Interest Coverage has ranged from 1.84 to 3.05 over the past decade. While the company's 10-year median is 2.48 vs. the industry median of 3.10, 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 Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.10, based on 700 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Broadstone Net Lease's current Interest Coverage of 2.51 is 18.9% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Broadstone Net Lease and its competitors. For the REITs industry, the median Interest Coverage is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Broadstone Net Lease's current Interest Coverage is 2.51, which is near median its own 10-year median of 2.48. 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 $17.62, compared to a current price of $21.21 — trading 20.4% above its estimated fair value. The current Interest Coverage is 2.51, which is near median its 10-year median of 2.48 and 18.9% below the REITs industry median of 3.10. Broadstone Net Lease's overall GF Score™ is 78/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Broadstone Net Lease (BNL), the current Interest Coverage is 2.51 as of Mar. 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 $21.21 is trading 20.4% above its estimated GF Value™ of $17.62.
GuruFocus considers Broadstone Net Lease to be Modestly Overvalued.
Key valuation signals for BNL:
Interest Coverage: 2.51 (near median its 10-year median of 2.48)
GF Value™: $17.62 vs. price of $21.21 (20.4% above fair value)
Industry Position: 18.9% below the REITs median (#435 of 700)
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.
78GF Score
Get the complete analysis for BNL
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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