Broadstone Net Lease Inc (BNL)vsW P Carey Inc (WPC)
BNL
Broadstone Net Lease Inc
$18.64
-3.72%
REAL ESTATE · Cap: $3.94B
WPC
W P Carey Inc
$67.55
-2.64%
REAL ESTATE · Cap: $16.15B
Smart Verdict
WallStSmart Research — data-driven comparison
W P Carey Inc generates 276% more annual revenue ($1.71B vs $454.14M). WPC leads profitability with a 27.3% profit margin vs 21.2%. WPC trades at a lower P/E of 34.0x. WPC earns a higher WallStSmart Score of 72/100 (B).
BNL
Buy58
out of 100
Grade: C
WPC
Strong Buy72
out of 100
Grade: B
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+15.9%
Fair Value
$23.16
Current Price
$18.64
$4.52 discount
Margin of Safety
+26.8%
Fair Value
$98.75
Current Price
$67.55
$31.20 discount
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 50.9%
Earnings expanding 218.1% YoY
Keeps 27 of every $100 in revenue as profit
Reasonable price relative to book value
Areas to Watch
Premium valuation, high expectations priced in
ROE of 3.2% — below average capital efficiency
Distress zone — elevated risk
Premium valuation, high expectations priced in
ROE of 5.7% — below average capital efficiency
Negative free cash flow — burning cash
Distress zone — elevated risk
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 : WPC
The strongest argument for WPC centers on Operating Margin, EPS Growth, Profit Margin. Profitability is solid with margins at 27.3% and operating margin at 50.9%. PEG of 1.47 suggests the stock is reasonably priced for its growth.
Bear Case : BNL
The primary concerns for BNL are P/E Ratio, Return on Equity, Altman Z-Score.
Bear Case : WPC
The primary concerns for WPC are P/E Ratio, Return on Equity, Free Cash Flow.
Key Dynamics to Monitor
BNL carries more volatility with a beta of 1.02 — expect wider price swings.
WPC is growing revenue faster at 8.8% — sustainability is the question.
BNL generates stronger free cash flow (61M), providing more financial flexibility.
Monitor REIT - DIVERSIFIED industry trends, competitive dynamics, and regulatory changes.
Bottom Line
WPC scores higher overall (72/100 vs 58/100), backed by strong 27.3% margins. BNL offers better value entry with a 15.9% margin of safety. Both earn "Strong 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.
W P Carey Inc
REAL ESTATE · REIT - DIVERSIFIED · USA
WP Carey is among the largest net-lease REITs with an enterprise value of approximately $ 18 billion and a diversified portfolio of operationally critical commercial real estate that includes 1,215 net-lease properties covering approximately 142 million square feet as of March 30. September 2020.
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