Broadstone Net Lease: Strategic Growth and Attractive Valuation Justify Buy Rating

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2025.12.03 22:17
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BMO Capital analyst John Kim maintains a Buy rating on Broadstone Net Lease, setting a $21.00 price target. The rating is supported by BNL's strategic growth initiatives, including a 3.7% year-over-year increase in AFFOps and a discounted valuation multiple of 11.2x. Key growth strategies include build-to-suit developments and "Project Triboro," a joint venture near Scranton, PA, with potential for industrial and data center projects, backed by PA Power & Light.