Broadstone Net Lease Inc (BNL)vsGladstone Commercial Corporation (GOOD)
BNL
Broadstone Net Lease Inc
$20.42
-0.54%
REAL ESTATE · Cap: $4.41B
GOOD
Gladstone Commercial Corporation
$12.71
-0.55%
REAL ESTATE · Cap: $634.25M
Smart Verdict
WallStSmart Research — data-driven comparison
Broadstone Net Lease Inc generates 180% more annual revenue ($476.17M vs $170.20M). BNL leads profitability with a 30.6% profit margin vs 14.5%. BNL trades at a lower P/E of 27.6x. BNL earns a higher WallStSmart Score of 60/100 (C+).
BNL
Buy60
out of 100
Grade: C+
GOOD
Buy59
out of 100
Grade: C
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-36.9%
Fair Value
$14.22
Current Price
$20.42
$6.20 premium
Margin of Safety
+75.1%
Fair Value
$46.43
Current Price
$12.71
$33.72 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Keeps 31 of every $100 in revenue as profit
Strong operational efficiency at 46.2%
Earnings expanding 95.7% YoY
Strong operational efficiency at 40.4%
Earnings expanding 236.0% YoY
Areas to Watch
Moderate valuation
Distress zone — elevated risk
ROE of 4.4% — below average capital efficiency
Weak financial health signals
Smaller company, higher risk/reward
Weak financial health signals
Expensive relative to growth rate
Premium valuation, high expectations priced in
Comparative Analysis Report
WallStSmart ResearchBull Case : BNL
The strongest argument for BNL centers on Price/Book, Profit Margin, Operating Margin. Profitability is solid with margins at 30.6% and operating margin at 46.2%.
Bull Case : GOOD
The strongest argument for GOOD centers on Operating Margin, EPS Growth. Revenue growth of 11.3% demonstrates continued momentum.
Bear Case : BNL
The primary concerns for BNL are P/E Ratio, Altman Z-Score, Return on Equity.
Bear Case : GOOD
The primary concerns for GOOD are Market Cap, Piotroski F-Score, PEG Ratio. A P/E of 52.0x leaves little room for execution misses. Debt-to-equity of 5.46 is elevated, increasing financial risk.
Key Dynamics to Monitor
BNL profiles as a mature stock while GOOD is a value play — different risk/reward profiles.
GOOD carries more volatility with a beta of 1.07 — expect wider price swings.
GOOD is growing revenue faster at 11.3% — sustainability is the question.
BNL generates stronger free cash flow (57M), providing more financial flexibility.
Bottom Line
BNL scores higher overall (60/100 vs 59/100), backed by strong 30.6% margins. GOOD offers better value entry with a 75.1% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
Broadstone Net Lease Inc
REAL ESTATE · REIT - DIVERSIFIED · USA
BNL is an internally managed REIT that primarily acquires, owns and manages single-tenant commercial real estate that is rented out on a long-term basis to a diversified group of tenants.
Gladstone Commercial Corporation
REAL ESTATE · REIT - DIVERSIFIED · USA
Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning and operating net leased office and industrial properties in the United States.
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