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Posted by
Two Blokes Jul 4 -
Filed in
Stock
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5 views
BNL's ongoing shift toward industrial properties is driving strong portfolio growth and improving asset quality, with industrial now nearly 60% of annualized base rent. Despite recent industrial market headwinds, supply is cooling, setting up a favorable demand-supply balance that should benefit BNL's high occupancy and lease terms. BNL's 7%+ yield, BBB-rated balance sheet, and modest 10.7x P/FFO valuation make it an attractive, overlooked REIT compared to sector peers.
