Broadstone Net Lease Inc

BNL remains in a Stage 2 advance within a long-term uptrend, but recent Parabola-driven acceleration has pushed price into extreme overbought territory above rising EMAs. The Stable strategy’s emphasis on controlled engagement and elevated exhaustion risk warrants deferring execution until a pullback into the rising EMAs or the prior resistance-turned-support zone provides a cleaner entry.

• ↑Q1 2026 AFFO grew 5.6% YoY to $76.9 M ($0.38/share), on track for $1.53–$1.57 guidance
• ↑$305.9 M in build-to-suit commitments to add ~$28 M ABR by Q3 2026
• ↓Exposure to underperforming tenants (e.g. Red Lobster) risks rent shortfalls