Broadstone Net Lease Inc (BNL)vsGladstone Commercial Corporation (GOOD)
BNL
Broadstone Net Lease Inc
$20.58
+1.78%
REAL ESTATE · Cap: $4.22B
GOOD
Gladstone Commercial Corporation
$12.38
-1.98%
REAL ESTATE · Cap: $622.53M
Smart Verdict
WallStSmart Research — data-driven comparison
Broadstone Net Lease Inc generates 182% more annual revenue ($466.85M vs $165.74M). BNL leads profitability with a 27.0% profit margin vs 12.7%. BNL trades at a lower P/E of 32.4x. BNL earns a higher WallStSmart Score of 62/100 (C+).
BNL
Buy62
out of 100
Grade: C+
GOOD
Buy59
out of 100
Grade: C
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
-31.6%
Fair Value
$14.80
Current Price
$20.58
$5.78 premium
Margin of Safety
+75.0%
Fair Value
$46.22
Current Price
$12.38
$33.84 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Strong operational efficiency at 52.2%
Earnings expanding 175.2% YoY
Keeps 27 of every $100 in revenue as profit
Strong operational efficiency at 39.8%
Earnings expanding 84.4% YoY
Areas to Watch
Premium valuation, high expectations priced in
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, 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 : GOOD
The strongest argument for GOOD centers on Operating Margin, EPS Growth. Revenue growth of 11.8% 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 70.8x leaves little room for execution misses. Debt-to-equity of 5.16 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 11.8% — sustainability is the question.
BNL generates stronger free cash flow (75M), providing more financial flexibility.
Bottom Line
BNL scores higher overall (62/100 vs 59/100), backed by strong 27.0% margins and 11.7% revenue growth. GOOD offers better value entry with a 75.0% 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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