BNL (Broadstone Net Lease) ROCE %: 5.29% (As of Mar. 2026)

What is Broadstone Net Lease ROCE %?

Broadstone Net Lease BNL +0.90% 78 ROCE % is 5.29% as of Mar. 2026. 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Broadstone Net Lease's annualized ROCE % for the quarter that ended in Mar. 2026 was 5.29%.

Broadstone Net Lease (NYSE:BNL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Broadstone Net Lease ROCE % Related Terms

Broadstone Net Lease ROCE % Historical Data

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The historical data trend for Broadstone Net Lease's ROCE % 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 ROCE % Chart

Broadstone Net Lease Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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4.03

4.24

4.65

4.76

3.65

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
ROCE %	Get a 7-Day Free Trial															3.02	3.31	4.31	4.44	5.29

78GF Score

Broadstone Net Lease Inc BNL

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Broadstone Net Lease ROCE % Calculation

Broadstone Net Lease's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	195.037	/	( ( (5216.417 - 113.137)	+	(5717.267 - 133.096) )	/ 2 )
	=	195.037	/	( (5103.28	+	5584.171)	/ 2 )
	=	195.037	/	5343.7255
	=	3.65 %

Broadstone Net Lease's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	287.852	/	( ( (5717.267 - 133.096)	+	(5845.027 - 541.021) )	/ 2 )
	=	287.852	/	( ( 5584.171	+	5304.006 )	/ 2 )
	=	287.852	/	5444.0885
	=	5.29 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 5.29% mean?

Broadstone Net Lease (BNL) has a ROCE % of 5.29% as of Mar. 2026.

Is Broadstone Net Lease's ROCE % too high?

Broadstone Net Lease's current ROCE % is 5.29%. The REITs industry median ROCE % is 5.19. Broadstone Net Lease's value of 5.29% is 2% above this industry median. 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 ROCE % compare to GNL and AAT?

Broadstone Net Lease's ROCE % of 5.29% can be compared against companies in the REITs industry. The industry median ROCE % is 5.19. Broadstone Net Lease's value of 5.29% is 2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a REITs company?

The median ROCE % among REITs companies is 5.19, based on 756 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Broadstone Net Lease's current ROCE % of 5.29% is 2% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the REITs industry, the median ROCE % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Broadstone Net Lease's current ROCE % is 5.29%. 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 $17.62, compared to a current price of $21.21 — trading 20.4% above its estimated fair value. The current ROCE % is 5.29% and 2% above the REITs industry median of 5.19. 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 ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Broadstone Net Lease (BNL), the current ROCE % is 5.29% 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:

ROCE %: 5.29%
GF Value™: $17.62 vs. price of $21.21 (20.4% above fair value)
GF Score™: 78/100 with 9 warning signs
Industry Position: 2% above the REITs median

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

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ROCE % 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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