John Kim, an analyst from BMO Capital, maintained the Buy rating on Broadstone Net Lease. The associated price target is $21.00.
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John Kim has given his Buy rating due to a combination of factors that highlight Broadstone Net Lease’s strong financial performance and strategic execution. The company reported robust third-quarter results for 2025, with significant progress in its investment and build-to-suit development strategy. This was reflected in the improved core portfolio metrics and minimal credit losses, leading to an upward revision in the full-year AFFOps guidance, surpassing market expectations.
Additionally, Broadstone Net Lease demonstrated strong operational metrics, with occupancy rates rising to 99.5% and a negligible bad debt level of 1 basis point for the quarter. The company successfully resolved issues with major tenants such as At Home and Claire’s without offering rent concessions, ensuring no anticipated rent loss from these tenants in 2025. Furthermore, the investment-grade tenant exposure increased, while top tenant concentration decreased, indicating a diversified and stable tenant base. Despite a slight increase in leverage, these positive developments underpin John Kim’s confidence in the stock’s potential, justifying the Buy rating.
Kim covers the Real Estate sector, focusing on stocks such as Plymouth Industrial Reit, Alexandria Equities, and BXP. According to TipRanks, Kim has an average return of -0.5% and a 46.57% success rate on recommended stocks.