Broadstone Net Lease (Broadstone Net Lease) Debt-to-Equity : 0.63 (As of Mar. 2024)

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What is Broadstone Net Lease Debt-to-Equity?

Broadstone Net Lease's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $73.8 Mil. Broadstone Net Lease's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,871.2 Mil. Broadstone Net Lease's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $3,073.6 Mil. Broadstone Net Lease's debt to equity for the quarter that ended in Mar. 2024 was 0.63.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Broadstone Net Lease's Debt-to-Equity or its related term are showing as below:

BNL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.58 Med: 0.76 Max: 1.34
Current: 0.63

During the past 9 years, the highest Debt-to-Equity Ratio of Broadstone Net Lease was 1.34. The lowest was 0.58. And the median was 0.76.

BNL's Debt-to-Equity is ranked better than
63.45% of 673 companies
in the REITs industry
Industry Median: 0.78 vs BNL: 0.63

Broadstone Net Lease Debt-to-Equity Historical Data

The historical data trend for Broadstone Net Lease's Debt-to-Equity 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.

* Premium members only.

Broadstone Net Lease Debt-to-Equity Chart

Broadstone Net Lease Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.19

0.67

0.66

0.72

0.63

Broadstone Net Lease Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.65	0.64	0.63	0.63	0.63

Competitive Comparison of Broadstone Net Lease's Debt-to-Equity

For the REIT - Diversified subindustry, Broadstone Net Lease's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Broadstone Net Lease's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Broadstone Net Lease's Debt-to-Equity falls into.

Broadstone Net Lease Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Broadstone Net Lease's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	1910.758)	/	3049.241
	=	0.63

Broadstone Net Lease's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(73.82	+	1871.228)	/	3073.622
	=	0.63

Broadstone Net Lease (NYSE:BNL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Broadstone Net Lease Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Broadstone Net Lease's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Broadstone Net Lease (Broadstone Net Lease) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Broadstone Net Lease Inc (NYSE:BNL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

62XA:Germany 62XA:Germany

Address

800 Clinton Square, Rochester, NY, USA, 14604

Website

https://investors.bnl.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.

Executives

John David Moragne	officer: See Remarks	800 CLINTON SQUARE, ROCHESTER NY 14604
Ryan M Albano	officer: See Remarks	800 CLINTON SQUARE, ROCHESTER NY 14604
Michael B. Caruso	officer: SVP, Finance	BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Kevin Fennell	officer: SVP - Capital Markets	BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Roderick Pickney	officer: SVP - Acquisitions	BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Michael A Coke	director	TERRENO REALTY CORPORATION, 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104
Jennie O'brien	officer: SVP - Accounting & Controller	BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Jessica Duran	director	BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Laura L. Felice	director	C/O BJ'S WHOLESALE CLUB, INC., 350 CAMPUS DRIVE, MARLBOROUGH MA 01752
Lessard Laurier J Jr	officer: SVP - Asset Management	BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Molly Wiegel	officer: SVP - Human Resources	BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Denise Brooks-williams	director	BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Andrea T. Wright	officer: SVP, Property Management	BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Kristen Duckles	officer: SVP & Chief Admin. Officer	BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Christopher J Czarnecki	director, officer: Chief Executive Officer	800 CLINTON SQUARE, ROCHESTER NY 14604