WallStSmart

Broadstone Net Lease Inc (BNL)vsMacKenzie Realty Capital, Inc. Common Stock (MKZR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Broadstone Net Lease Inc generates 2504% more annual revenue ($454.14M vs $17.44M). BNL leads profitability with a 21.2% profit margin vs -126.1%. BNL earns a higher WallStSmart Score of 58/100 (C).

BNL

Buy

58

out of 100

Grade: C

Growth: 6.0Profit: 6.5Value: 7.7Quality: 4.8
Piotroski: 4/9Altman Z: 1.01

MKZR

Avoid

31

out of 100

Grade: F

Growth: 5.3Profit: 2.0Value: 5.0Quality: 2.5
Piotroski: 2/9Altman Z: -0.75
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BNLUndervalued (+15.9%)

Margin of Safety

+15.9%

Fair Value

$23.16

Current Price

$18.63

$4.53 discount

UndervaluedFair: $23.16Overvalued

Intrinsic value data unavailable for MKZR.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BNL4 strengths · Avg: 9.3/10
Price/BookValuation
1.2x10/10

Reasonable price relative to book value

Operating MarginProfitability
51.2%10/10

Strong operational efficiency at 51.2%

Profit MarginProfitability
21.2%9/10

Keeps 21 of every $100 in revenue as profit

EPS GrowthGrowth
24.7%8/10

Earnings expanding 24.7% YoY

MKZR1 strengths · Avg: 10.0/10
Price/BookValuation
0.1x10/10

Reasonable price relative to book value

Areas to Watch

BNL3 concerns · Avg: 3.0/10
P/E RatioValuation
37.4x4/10

Premium valuation, high expectations priced in

Return on EquityProfitability
3.2%3/10

ROE of 3.2% — below average capital efficiency

Altman Z-ScoreHealth
1.012/10

Distress zone — elevated risk

MKZR4 concerns · Avg: 3.0/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$7.67M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Return on EquityProfitability
-21.4%2/10

ROE of -21.4% — below average capital efficiency

Comparative Analysis Report

WallStSmart Research

Bull 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 : MKZR

The strongest argument for MKZR centers on Price/Book.

Bear Case : BNL

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

Bear Case : MKZR

The primary concerns for MKZR are EPS Growth, Market Cap, Piotroski F-Score. Debt-to-equity of 2.52 is elevated, increasing financial risk.

Key Dynamics to Monitor

BNL profiles as a mature stock while MKZR is a turnaround play — different risk/reward profiles.

BNL is growing revenue faster at 5.5% — 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

BNL scores higher overall (58/100 vs 31/100), backed by strong 21.2% margins. Both earn "Buy" and "Avoid" 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.

MacKenzie Realty Capital, Inc. Common Stock

REAL ESTATE · REIT - DIVERSIFIED · USA

MacKenzie, founded in 2013, is a West Coast-focused REIT that intends to invest at least 80% of its total assets in real property, and up to a maximum of 20% of its total assets in illiquid real estate securities.

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