Broadstone Net Lease (BNL) vs Highwoods Properties (HIW)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Broadstone Net Lease (BNL) has outperformed Highwoods Properties (HIW) over the past year, losing 0.4% versus a loss of 6.1%. Over five years, BNL leads with a -29.7% price change compared with -37.6% for HIW. Broadstone Net Lease is the larger company by market cap ($3.89 billion vs $3.26 billion), about 1.2 times the size.
On valuation, Broadstone Net Lease trades at a lower forward P/E (26.5x vs 41.5x for Highwoods Properties). Highwoods Properties offers the higher dividend yield (6.89% vs 6.38%). Broadstone Net Lease converts more of its revenue into profit, with a net margin of 21.2% versus 20.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BNL | HIW |
|---|---|---|
| Share price | $18.26 | $29.04 |
| Market cap | $3.89B | $3.26B |
| 1-day change | +0.11% | -0.48% |
| YTD return | +5.12% | +12.47% |
| 1-year return | -0.44% | -6.14% |
| 5-year return | -29.71% | -37.62% |
| P/E ratio (TTM) | 24.03 | 19.23 |
| Forward P/E | 26.54 | 41.49 |
| EPS (TTM) | $0.76 | $1.51 |
| Dividend yield | 6.38% | 6.89% |
| Annual dividend | $1.17 | $2.00 |
| Revenue (latest FY) | $454.14M | $806.11M |
| Revenue growth (YoY) | +5.17% | -2.39% |
| Net income (latest FY) | $96.50M | $162.65M |
| Operating margin | — | 67.58% |
| Net margin | 21.25% | 20.18% |
| 52-week high | $23.10 | $35.44 |
| 52-week low | $17.16 | $20.45 |
| Distance from 52-week high | -20.95% | -18.06% |
| Analyst consensus | buy | none |
| Avg. price target upside | +29.24% | +11.33% |
| Average volume | 2.01M | 1.24M |
| Shares outstanding | 204.60M | 110.31M |
| Employees | 62 | 315 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Broadstone Net Lease grew revenue faster in its latest fiscal year (+5.17% vs -2.39%).
About Broadstone Net Lease
BNL stock →Broadstone Net Lease, Inc. is an industrial-focused, diversified net lease REIT that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants.
Real Estate · Real Estate Investment Trusts · 62 employees
About Highwoods Properties
HIW stock →Highwoods Properties, Inc. is a publicly traded fully integrated office real estate investment trust that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.
Real Estate · Real Estate Investment Trusts · 315 employees
BNL vs HIW FAQ
Which is bigger, Broadstone Net Lease or Highwoods Properties?
Broadstone Net Lease (BNL) is larger, with a market capitalization of $3.89B compared with $3.26B for Highwoods Properties (HIW).
Which stock has performed better over the past year, BNL or HIW?
BNL returned -0.44% over the past 12 months, compared with -6.14% for HIW (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BNL or HIW?
HIW has the lower trailing P/E at 19.2, versus 24.0 for BNL. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Broadstone Net Lease or Highwoods Properties?
Highwoods Properties has the higher yield at 6.89%, compared with 6.38% for Broadstone Net Lease.
Are Broadstone Net Lease and Highwoods Properties in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.