Broadstone Net Lease [BNL] vs American Assets [AAT] Detailed Stock Comparison

Broadstone Net Lease Inc.

NYSE
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American Assets Trust, Inc.

NYSE
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TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: Broadstone Net Lease Inc. wins in 12 metrics, American Assets Trust, Inc. wins in 9 metrics, with 0 ties. Broadstone Net Lease Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Broadstone Net Lease Inc. American Assets Trust, Inc. Better
P/E Ratio (TTM) 27.20 22.50 American Assets Trust, Inc.
Price-to-Book Ratio 1.05 1.10 Broadstone Net Lease Inc.
Debt-to-Equity Ratio 65.12 156.38 Broadstone Net Lease Inc.
PEG Ratio 20.92 -0.34 Broadstone Net Lease Inc.
EV/EBITDA 14.08 12.29 American Assets Trust, Inc.
Profit Margin (TTM) 26.22% 12.89% Broadstone Net Lease Inc.
Operating Margin (TTM) 49.90% 21.32% Broadstone Net Lease Inc.
EBITDA Margin (TTM) 49.90% 21.32% Broadstone Net Lease Inc.
Return on Equity 3.76% 6.44% American Assets Trust, Inc.
Return on Assets (TTM) 2.58% 2.05% Broadstone Net Lease Inc.
Free Cash Flow (TTM) $259.46M $94.86M Broadstone Net Lease Inc.
Dividend Yield 6.68% 7.12% American Assets Trust, Inc.
1-Year Return 27.15% 16.85% Broadstone Net Lease Inc.
Price-to-Sales Ratio (TTM) 7.41 3.72 American Assets Trust, Inc.
Enterprise Value $5.18B $2.79B Broadstone Net Lease Inc.
EV/Revenue Ratio 11.91 6.45 American Assets Trust, Inc.
Gross Profit Margin (TTM) 94.95% 59.42% Broadstone Net Lease Inc.
Revenue per Share (TTM) $2 $7 American Assets Trust, Inc.
Earnings per Share (Diluted) $0.60 $0.92 American Assets Trust, Inc.
Beta (Stock Volatility) 1.03 0.95 American Assets Trust, Inc.
Short % of Float 3.98% 6.73% Broadstone Net Lease Inc.

Broadstone Net Lease Inc. vs American Assets Trust, Inc. Stock Performance Analysis

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BNL
AAT

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Broadstone Net Lease Inc.-0.10%-2.04%4.07%4.55%15.89%15.69%
American Assets Trust, Inc.-0.09%4.24%13.41%18.72%20.06%24.28%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Broadstone Net Lease Inc.27.15%25.42%-15.36%20.78%20.78%20.78%
American Assets Trust, Inc.16.85%18.94%-38.76%-43.62%6.73%9.34%

Performance & Financial Health Analysis: Broadstone Net Lease Inc. vs American Assets Trust, Inc.

MetricBNLAAT
Market Information
Market Cap i$3.22B$1.61B
Market Cap CategoryMid capSmall cap
10 Day Avg. Volume i1,820,570302,351
90 Day Avg. Volume i1,808,000369,020
Last Close$20.18$23.32
52 Week Range$15.66 - $20.75$17.72 - $23.66
% from 52W High-2.77%-1.44%
All-Time High$28.00 (Aug 30, 2021)$49.26 (Oct 28, 2019)
% from All-Time High-27.93%-52.66%
Growth Metrics
Quarterly Revenue Growth0.03%-0.03%
Quarterly Earnings Growth-0.74%-0.65%
Financial Health
Profit Margin (TTM) i0.26%0.13%
Operating Margin (TTM) i0.50%0.21%
Return on Equity (TTM) i0.04%0.06%
Debt to Equity (MRQ) i65.12156.38
Cash & Liquidity
Book Value per Share (MRQ)$15.60$18.75
Cash per Share (MRQ)$0.21$2.14
Operating Cash Flow (TTM) i$276.84M$167.12M
Levered Free Cash Flow (TTM) i$209.47M$163.54M
Dividends
Last 12-Month Dividend Yield i6.68%7.12%
Last 12-Month Dividend i$1.16$1.36

Valuation & Enterprise Metrics Analysis: Broadstone Net Lease Inc. vs American Assets Trust, Inc.

MetricBNL (Jun 12, 2025)AAT (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i27.2022.50
Forward P/E i20.9228.75
PEG Ratio i20.92-0.34
Price to Sales (TTM) i7.413.72
Price to Book (MRQ) i1.051.10
Market Capitalization
Market Capitalization i$3.22B$1.61B
Enterprise Value i$5.18B$2.79B
Enterprise Value Metrics
Enterprise to Revenue i11.916.45
Enterprise to EBITDA i14.0812.29
Risk & Other Metrics
Beta i1.030.95
Book Value per Share (MRQ) i$15.60$18.75

Financial Statements Comparison: Broadstone Net Lease Inc. vs American Assets Trust, Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricBNL (2024)AAT (2025)
Revenue/Sales i431.80M436.20M
Cost of Goods Sold i24.74M169.60M
COGS % of Revenue i5.7%38.9%
Gross Profit i407.06M266.61M
Gross Margin i94.3%61.1%
Research & Development iN/AN/A
Operating Income (EBIT) i212.89M101.46M
Operating Margin i49.3%23.3%
EBITDA i376.27M233.10M
EBITDA Margin i87.1%53.4%
Pre-Tax Income i170.16M72.14M
Pre-Tax Income % of Revenue i39.4%16.5%
Income Tax i1.18M770,000
Income Tax % of Revenue i0.3%0.2%
Net Income (Profit) i168.99M71.37M
Profit Margin i39.1%16.4%

Balance Sheet & Liquidity Metrics

MetricBNL (2024)AAT (2025)
Cash & Equivalents i14.85M129.36M
Total Current Assets i180.84M221.41M
Total Current Assets % of Revenue i41.9%50.8%
Total Current Liabilities i113.14M108.71M
Total Current Liabilities % of Revenue i26.2%24.9%
Long-Term Debt i1.91B1.71B
Long-Term Debt % of Revenue i443.1%391.2%
Total Shareholders Equity i3.14B1.09B
Retained Earnings i-496.54M-331.09M
Retained Earnings % of Revenue i-115.0%-75.9%
Property, Plant & Equipment iN/A17.25M

Cash Flow Statement Comparison

MetricBNL (2024)AAT (2025)
Operating Cash Flow i299.79M210.12M
Operating Cash Flow % of Revenue i69.4%48.2%
Capital Expenditures iN/AN/A
Free Cash Flow i259.46M94.86M
FCF Margin i60.1%21.7%
Debt Repayment i-250.26M-325.00M
Common Stock Repurchase i-996,000N/A

Short Interest & Institutional Ownership Analysis

MetricBNLAAT
Shares Short i5.58M1.79M
Short Ratio i3.144.42
Short % of Float i3.98%6.73%
Shares Outstanding i188.63M61.39M
Float Shares i187.07M48.97M
% Held by Insiders i1.00%1.79%
% Held by Institutions i87.30%130.98%
% Held by Public i11.70%-32.77%

Dividend Analysis & Yield Comparison: Broadstone Net Lease Inc. vs American Assets Trust, Inc.

MetricBNLAAT
Last 12-Month Dividend i$1.16$1.36
Last 12-Month Dividend Yield i6.68%7.12%
3-Year Avg Annual Dividend i$1.14$1.46
3-Year Avg Dividend Yield i1.74%1.59%
3-Year Total Dividends i$3.43$4.38
Ex-Dividend DateDec 31, 2025Mar 05, 2026