WallStSmart

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

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Broadstone Net Lease Inc generates 365% more annual revenue ($476.17M vs $102.49M). OLP leads profitability with a 33.9% profit margin vs 30.6%. OLP trades at a lower P/E of 15.1x. OLP earns a higher WallStSmart Score of 64/100 (C+).

BNL

Buy

60

out of 100

Grade: C+

Growth: 6.7Profit: 7.0Value: 4.3Quality: 6.5
Piotroski: 3/9Altman Z: 1.75

OLP

Buy

64

out of 100

Grade: C+

Growth: 6.7Profit: 7.5Value: 7.7Quality: 4.0
Piotroski: 1/9Altman Z: 0.54
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BNLSignificantly Overvalued (-36.9%)

Margin of Safety

-36.9%

Fair Value

$14.22

Current Price

$20.42

$6.20 premium

UndervaluedFair: $14.22Overvalued
OLPUndervalued (+31.1%)

Margin of Safety

+31.1%

Fair Value

$32.74

Current Price

$23.20

$9.54 discount

UndervaluedFair: $32.74Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BNL4 strengths · Avg: 10.0/10
Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Profit MarginProfitability
30.6%10/10

Keeps 31 of every $100 in revenue as profit

Operating MarginProfitability
46.2%10/10

Strong operational efficiency at 46.2%

EPS GrowthGrowth
95.7%10/10

Earnings expanding 95.7% YoY

OLP5 strengths · Avg: 9.2/10
Profit MarginProfitability
33.9%10/10

Keeps 34 of every $100 in revenue as profit

Operating MarginProfitability
35.2%10/10

Strong operational efficiency at 35.2%

EPS GrowthGrowth
84.8%10/10

Earnings expanding 84.8% YoY

P/E RatioValuation
15.1x8/10

Attractively priced relative to earnings

Price/BookValuation
1.6x8/10

Reasonable price relative to book value

Areas to Watch

BNL4 concerns · Avg: 3.5/10
P/E RatioValuation
27.6x4/10

Moderate valuation

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
$522.11M3/10

Smaller company, higher risk/reward

Debt/EquityHealth
1.783/10

Elevated debt levels

Piotroski F-ScoreQuality
1/93/10

Weak financial health signals

Free Cash FlowQuality
$-44.06M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : BNL

The strongest argument for BNL centers on Price/Book, Profit Margin, Operating Margin. Profitability is solid with margins at 30.6% and operating margin at 46.2%.

Bull Case : OLP

The strongest argument for OLP centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 33.9% and operating margin at 35.2%. Revenue growth of 10.3% 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 1.78 is elevated, increasing financial risk.

Key Dynamics to Monitor

BNL carries more volatility with a beta of 0.94 — expect wider price swings.

OLP is growing revenue faster at 10.3% — sustainability is the question.

BNL generates stronger free cash flow (57M), providing more financial flexibility.

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

Bottom Line

OLP scores higher overall (64/100 vs 60/100), backed by strong 33.9% margins and 10.3% revenue growth. 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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