BNL (Broadstone Net Lease) Dividend Payout Ratio: 1.43 (As of Mar. 2026) — Near Median

What is Broadstone Net Lease Dividend Payout Ratio?

Broadstone Net Lease BNL +0.90% 78 Dividend Payout Ratio is 1.43 as of Mar. 2026, which is 9% below its 10-year median of 1.57. 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 717 REITs companies, Broadstone Net Lease ranks worse than 77.82% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Broadstone Net Lease's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.43.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Broadstone Net Lease Inc is 1.73, which seems too high.

The historical rank and industry rank for Broadstone Net Lease's Dividend Payout Ratio or its related term are showing as below:

BNL' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.51 Med: 1.57 Max: 1.82
Current: 1.73

During the past 11 years, the highest Dividend Payout Ratio of Broadstone Net Lease was 1.82. The lowest was 0.51. And the median was 1.57.

BNL's Dividend Payout Ratio is ranked worse than
77.82% of 717 companies
in the REITs industry
Industry Median: 0.99 vs BNL: 1.73

As of today (2026-06-28), the Dividend Yield % of Broadstone Net Lease is 5.48%.

During the past 11 years, the highest Trailing Annual Dividend Yield of Broadstone Net Lease was 8.06%. The lowest was 1.28%. And the median was 6.33%.

Broadstone Net Lease's Dividends per Share for the months ended in Mar. 2026 was $0.29.

During the past 12 months, Broadstone Net Lease's average Dividends Per Share Growth Rate was 0.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 2.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 25.90% per year.

During the past 11 years, the highest 3-Year average Dividends Per Share Growth Rate of Broadstone Net Lease was 64.90% per year. The lowest was 2.40% per year. And the median was 4.10% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Broadstone Net Lease (NYSE:BNL) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Broadstone Net Lease Dividend Payout Ratio Related Terms

Broadstone Net Lease Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Broadstone Net Lease's Dividend Payout Ratio 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.

Broadstone Net Lease Dividend Payout Ratio Chart

Broadstone Net Lease Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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1.29

1.63

1.57

1.82

Broadstone Net Lease Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															1.73	1.85	1.82	1.92	1.43

BNL vs GNL, AAT, SAFE: Dividend Payout Ratio Comparison

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

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

* The bar in red indicates where Broadstone Net Lease's Dividend Payout Ratio falls into.

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78GF Score

Broadstone Net Lease Inc BNL

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Broadstone Net Lease Dividend Payout Ratio Calculation

Broadstone Net Lease's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	1.16	/	0.636
	=	1.82

Broadstone Net Lease's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.293	/	0.205
	=	1.43

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.43 mean?

Broadstone Net Lease (BNL) has a Dividend Payout Ratio of 1.43 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Broadstone Net Lease and its competitors. This is near median its historical median of 1.57. Over the past decade, Broadstone Net Lease's Dividend Payout Ratio has ranged from 0.51 to 1.82. According to the industry distribution chart, Broadstone Net Lease ranks #558 out of 717 companies in the REITs industry, placing it in the top 77.8%.

Is Broadstone Net Lease's Dividend Payout Ratio too high?

Broadstone Net Lease's current Dividend Payout Ratio of 1.43 is near median its 10-year median of 1.57. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 1.82. The REITs industry median Dividend Payout Ratio is 0.99. Broadstone Net Lease's value of 1.43 is 44.4% above this industry median. Based on the distribution chart, Broadstone Net Lease ranks #558 out of 717 companies in the REITs industry, which is in the bottom quartile 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 Dividend Payout Ratio compare to GNL and AAT?

According to the REITs industry distribution chart, Broadstone Net Lease ranks #558 out of 717 companies for Dividend Payout Ratio. This places Broadstone Net Lease in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. Broadstone Net Lease's value of 1.43 is 44.4% above this benchmark. Historically, Broadstone Net Lease's own Dividend Payout Ratio has ranged from 0.51 to 1.82 over the past decade. While the company's 10-year median is 1.57 vs. the industry median of 0.99, Broadstone Net Lease has consistently been above 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 Dividend Payout Ratio for a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 717 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Broadstone Net Lease's current Dividend Payout Ratio of 1.43 is 44.4% above 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 Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Broadstone Net Lease and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Broadstone Net Lease's current Dividend Payout Ratio is 1.43, which is near median its own 10-year median of 1.57. 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 Dividend Payout Ratio is 1.43, which is near median its 10-year median of 1.57 and 44.4% above the REITs industry median of 0.99. 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 Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Broadstone Net Lease (BNL), the current Dividend Payout Ratio is 1.43 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:

Dividend Payout Ratio: 1.43 (near median its 10-year median of 1.57)
GF Value™: $17.62 vs. price of $21.21 (20.4% above fair value)
GF Score™: 78/100 with 9 warning signs
Industry Position: 44.4% above the REITs median (#558 of 717)

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 Estate REITs

Comparable Companies GNL AAT SAFE ESRT JBGS CTO GOOD AHRT OLP FVR ASX:GMG VICI WPC BSP:HSRE11 ASX:SGP XPAR:COV ASX:CHC ASX:GPT MEX:FUNO11 LSE:LAND

Other Exchanges 62XA:Germany

Address 207 High Point Drive, Suite 300, Victor, NY, USA, 14564

Website https://www.broadstone.com

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

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

$21.21

Price

$17.62

GF Value

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