BNL (Broadstone Net Lease) Moat Score: 5/10 (As of Jul. 01, 2026)


BNL Broadstone Net Lease Inc BNL
78 GF Score
Price $20.67
GF Value $17.65
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Broadstone Net Lease Moat Score?

Broadstone Net Lease BNL -2.32% 78 Moat Score is 5 as of Jul. 01, 2026. GuruFocus rates BNL with a GF Score™ of 78/100 and a GF Value™ of $17.65 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 990 REITs companies, Broadstone Net Lease ranks better than 95.05% on this metric.

Broadstone Net Lease has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

Broadstone Net Lease has Narrow Moat: Broadstone Net Lease has a solid position in the real estate sector with some market leadership and economies of scale. However, it lacks strong brand strength or significant regulatory barriers, limiting its moat to a narrow category.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Broadstone Net Lease might have Narrow Moat - Solid narrow moat.

Broadstone Net Lease  (NYSE:BNL) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Broadstone Net Lease Moat Score Related Terms

BNL vs GNL, AAT, SAFE: Moat Score Comparison

For the REIT - Diversified subindustry, Broadstone Net Lease's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs REITs Industry

For the REITs industry and Real Estate sector, Broadstone Net Lease's Moat Score distribution charts can be found below:

* The bar in red indicates where Broadstone Net Lease's Moat Score falls into.


BNL
78GF Score
Broadstone Net Lease Inc BNL
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 5 mean?
Broadstone Net Lease (BNL) has a Moat Score of 5 as of Jul. 01, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Broadstone Net Lease ranks #49 out of 990 companies in the REITs industry, placing it in the top 4.9%.
Is Broadstone Net Lease's Moat Score too high?
Broadstone Net Lease's current Moat Score is 5. Based on the distribution chart, Broadstone Net Lease ranks #49 out of 990 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. 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 Moat Score compare to GNL and AAT?
According to the REITs industry distribution chart, Broadstone Net Lease ranks #49 out of 990 companies for Moat Score. This places Broadstone Net Lease in the top 5% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a REITs company?
A good Moat Score depends on the REITs industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Broadstone Net Lease's current Moat Score is 5. 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 $17.65, compared to a current price of $20.67 — trading 17.1% above its estimated fair value. The current Moat Score is 5. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Broadstone Net Lease (BNL), the current Moat Score is 5 as of Jul. 01, 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 $20.67 is trading 17.1% above its estimated GF Value™ of $17.65. GuruFocus considers Broadstone Net Lease to be Modestly Overvalued.

Key valuation signals for BNL:

  • Moat Score: 5
  • GF Value™: $17.65 vs. price of $20.67 (17.1% above fair value)
  • GF Score™: 78/100 with 9 warning signs

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 Business Description

Industry Real EstateREITs
Other Exchanges 62XA:Germany
Address 207 High Point Drive, Suite 300, Victor, NY, USA, 14564
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

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$20.67
Price
$17.65
GF Value