Broadstone Net Lease (BNL) vs Tanger (SKT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Tanger (SKT) has outperformed Broadstone Net Lease (BNL) over the past year, gaining 5.5% versus a loss of 0.9%. Over five years, SKT leads with a +106.1% price change compared with -29.7% for BNL. Tanger is the larger company by market cap ($4.16 billion vs $3.88 billion), about 1.1 times the size.
On valuation, Broadstone Net Lease trades at a lower forward P/E (26.5x vs 28.9x for Tanger). Broadstone Net Lease offers the higher dividend yield (6.39% vs 3.48%).
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 | SKT |
|---|---|---|
| Share price | $18.23 | $34.76 |
| Market cap | $3.88B | $4.16B |
| 1-day change | -0.05% | +0.43% |
| YTD return | +5.01% | +3.72% |
| 1-year return | -0.87% | +5.45% |
| 5-year return | -29.71% | +106.13% |
| P/E ratio (TTM) | 23.99 | 31.89 |
| Forward P/E | 26.50 | 28.91 |
| EPS (TTM) | $0.76 | $1.09 |
| Dividend yield | 6.39% | 3.48% |
| Annual dividend | $1.17 | $1.21 |
| Revenue (latest FY) | $454.14M | $550.90M |
| Revenue growth (YoY) | +5.17% | +10.73% |
| Net income (latest FY) | $96.50M | — |
| Net margin | 21.25% | — |
| 52-week high | $23.10 | $42.53 |
| 52-week low | $17.16 | $31.13 |
| Distance from 52-week high | -21.08% | -18.27% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +29.46% | +17.95% |
| Average volume | 2.02M | 914.88K |
| Shares outstanding | 204.60M | 114.88M |
| Employees | 62 | 407 |
| 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
- Tanger trades at a higher earnings multiple (31.9x vs 24.0x trailing P/E).
- Broadstone Net Lease offers a meaningfully higher dividend yield (6.39% vs 3.48%).
- Tanger grew revenue faster in its latest fiscal year (+10.73% vs +5.17%).
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 Tanger
SKT stock →Tanger Inc. is a leading owner and operator of outlet and other open-air retail shopping destinations, with 45 years of expertise in the retail and outlet shopping industries.
Real Estate · Real Estate Investment Trusts · 407 employees
BNL vs SKT FAQ
Which is bigger, Broadstone Net Lease or Tanger?
Tanger (SKT) is larger, with a market capitalization of $4.16B compared with $3.88B for Broadstone Net Lease (BNL).
Which stock has performed better over the past year, BNL or SKT?
SKT returned +5.45% over the past 12 months, compared with -0.87% for BNL (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BNL or SKT?
BNL has the lower trailing P/E at 24.0, versus 31.9 for SKT. 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 Tanger?
Broadstone Net Lease has the higher yield at 6.39%, compared with 3.48% for Tanger.
Are Broadstone Net Lease and Tanger in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.