WallStSmart

Broadstone Net Lease Inc (BNL)vsOne Liberty Properties Inc (OLP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Broadstone Net Lease Inc generates 367% more annual revenue ($466.85M vs $100.02M). OLP leads profitability with a 27.6% profit margin vs 27.0%. OLP trades at a lower P/E of 19.2x. OLP earns a higher WallStSmart Score of 62/100 (C+).

BNL

Buy

62

out of 100

Grade: C+

Growth: 6.7Profit: 7.0Value: 3.7Quality: 6.5
Piotroski: 3/9Altman Z: 1.75

OLP

Buy

62

out of 100

Grade: C+

Growth: 6.7Profit: 7.5Value: 7.0Quality: 3.0
Piotroski: 1/9Altman Z: 0.54
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BNLSignificantly Overvalued (-31.6%)

Margin of Safety

-31.6%

Fair Value

$14.80

Current Price

$20.58

$5.78 premium

UndervaluedFair: $14.80Overvalued
OLPUndervalued (+30.4%)

Margin of Safety

+30.4%

Fair Value

$32.42

Current Price

$23.19

$9.23 discount

UndervaluedFair: $32.42Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BNL4 strengths · Avg: 9.8/10
Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Operating MarginProfitability
52.2%10/10

Strong operational efficiency at 52.2%

EPS GrowthGrowth
175.2%10/10

Earnings expanding 175.2% YoY

Profit MarginProfitability
27.0%9/10

Keeps 27 of every $100 in revenue as profit

OLP4 strengths · Avg: 9.3/10
Operating MarginProfitability
35.6%10/10

Strong operational efficiency at 35.6%

EPS GrowthGrowth
55.6%10/10

Earnings expanding 55.6% YoY

Profit MarginProfitability
27.6%9/10

Keeps 28 of every $100 in revenue as profit

Price/BookValuation
1.6x8/10

Reasonable price relative to book value

Areas to Watch

BNL4 concerns · Avg: 3.5/10
P/E RatioValuation
32.4x4/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
1.754/10

Distress zone — elevated risk

Return on EquityProfitability
4.4%3/10

ROE of 4.4% — below average capital efficiency

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

OLP4 concerns · Avg: 2.8/10
Market CapQuality
$524.76M3/10

Smaller company, higher risk/reward

Debt/EquityHealth
1.943/10

Elevated debt levels

Piotroski F-ScoreQuality
1/93/10

Weak financial health signals

Altman Z-ScoreHealth
0.542/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : BNL

The strongest argument for BNL centers on Price/Book, Operating Margin, EPS Growth. Profitability is solid with margins at 27.0% and operating margin at 52.2%. Revenue growth of 11.7% demonstrates continued momentum.

Bull Case : OLP

The strongest argument for OLP centers on Operating Margin, EPS Growth, Profit Margin. Profitability is solid with margins at 27.6% and operating margin at 35.6%. Revenue growth of 11.4% demonstrates continued momentum.

Bear Case : BNL

The primary concerns for BNL are P/E Ratio, Altman Z-Score, Return on Equity.

Bear Case : OLP

The primary concerns for OLP are Market Cap, Debt/Equity, Piotroski F-Score. Debt-to-equity of 1.94 is elevated, increasing financial risk.

Key Dynamics to Monitor

BNL carries more volatility with a beta of 0.98 — expect wider price swings.

BNL is growing revenue faster at 11.7% — sustainability is the question.

BNL generates stronger free cash flow (75M), providing more financial flexibility.

Monitor REIT - DIVERSIFIED industry trends, competitive dynamics, and regulatory changes.

Bottom Line

BNL scores higher overall (62/100 vs 62/100), backed by strong 27.0% margins and 11.7% revenue growth. OLP offers better value entry with a 30.4% 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.

One Liberty Properties Inc

REAL ESTATE · REIT - DIVERSIFIED · USA

One Liberty is a self-managed and self-managed real estate investment trust incorporated in Maryland in 1982.

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