Broadstone Net Lease Inc (BNL)vsGladstone Commercial Corporation (GOOD)
BNL
Broadstone Net Lease Inc
$18.63
-0.43%
REAL ESTATE · Cap: $3.74B
GOOD
Gladstone Commercial Corporation
$11.27
+0.27%
REAL ESTATE · Cap: $566.47M
Smart Verdict
WallStSmart Research — data-driven comparison
Broadstone Net Lease Inc generates 181% more annual revenue ($454.14M vs $161.34M). BNL leads profitability with a 21.2% profit margin vs 11.9%. BNL trades at a lower P/E of 37.4x. BNL earns a higher WallStSmart Score of 58/100 (C).
BNL
Buy58
out of 100
Grade: C
GOOD
Hold49
out of 100
Grade: D+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+15.9%
Fair Value
$23.16
Current Price
$18.63
$4.53 discount
Margin of Safety
-1119.0%
Fair Value
$0.95
Current Price
$11.27
$10.32 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Strong operational efficiency at 51.2%
Keeps 21 of every $100 in revenue as profit
Earnings expanding 24.7% YoY
Strong operational efficiency at 40.0%
16.3% revenue growth
Areas to Watch
Premium valuation, high expectations priced in
ROE of 3.2% — below average capital efficiency
Distress zone — elevated risk
Smaller company, higher risk/reward
ROE of 5.7% — below average capital efficiency
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, Operating Margin, Profit Margin. Profitability is solid with margins at 21.2% and operating margin at 51.2%.
Bull Case : GOOD
The strongest argument for GOOD centers on Operating Margin, Revenue Growth. Revenue growth of 16.3% demonstrates continued momentum.
Bear Case : BNL
The primary concerns for BNL are P/E Ratio, Return on Equity, Altman Z-Score.
Bear Case : GOOD
The primary concerns for GOOD are Market Cap, Return on Equity, PEG Ratio. A P/E of 82.9x leaves little room for execution misses.
Key Dynamics to Monitor
BNL profiles as a mature stock while GOOD is a growth play — different risk/reward profiles.
GOOD carries more volatility with a beta of 1.08 — expect wider price swings.
GOOD is growing revenue faster at 16.3% — sustainability is the question.
BNL generates stronger free cash flow (61M), providing more financial flexibility.
Bottom Line
BNL scores higher overall (58/100 vs 49/100), backed by strong 21.2% margins. Both earn "Buy" and "Hold" 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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