Company RatingBroadstone (BNL) is given a Sell rating with a price target offering a +3% total return, which is below the full REIT coverage average of +14%.
Financial PerformanceRefinancing risk is expected to increase by mid-2025 due to significant swap rollovers, potentially leading to earnings headwinds in 2026.
Real Estate MarketOffice lease expirations are projected to start, with major expiration years in 2027-28, adding expiration risk and possible earnings dilution.