Broadstone Net Lease Inc

BNL remains in structural repair after failing to reclaim mid-July highs and pivoting below the short-term EMAs and 50-day SMA. The primary Bearish Pivot Point pattern confirms downside mean-reversion bias in the medium term, while the long-term uptrend remains intact above the rising 200-day SMA. Under a Stable strategy, we prefer to trim positions into rallies near the 9/20-day EMAs, preserving capital and avoiding a deeper breakdown.

• ↑FY26 AFFO guidance of $1.55–$1.57 implies ~5% growth
• ↑Q1 2026 AFFO of $76.9 M, up 5.6% YoY
• ↓Tenant credit concerns (e.g., Red Lobster’s mixed performance) may reduce collections