BNL

Broadstone Net Lease Inc

BNL.US broadstone.com
20.42
-0.11 (-0.54%)
USD · NYSE
52-week range
16.42
23.10
Trading at 60% of the 52-week range
Market Cap
4.37B
P/E Ratio
27.37
Forward P/E
29.07
Book Value
15.02
Div. Yield
5.63%
% Institutions
95.02%
% Insiders
0.984%

1 Year

+15.9%

3 Year

+55.3%

10 Year

+93.5%
Description

Broadstone Net Lease, Inc. is an industrial-focused, diversified net lease real estate investment trust (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. We primarily, and selectively, invest in real estate across industrial and retail property types. We target properties with credit-worthy tenants in industries characterized by positive business drivers and trends, where the properties are an integral part of the tenants' businesses and there are opportunities to secure long-term net leases. Through long-term net leases, our tenants can retain operational control of their strategically important locations, while allocating their debt and equity capital to fund core business operations rather than real estate ownership. Broadstone Net Lease, Inc. was established and incorporated on October 18th, 2017, in Maryland and is based in Victor, New York.

Company Information

Company Name
Broadstone Net Lease Inc
Sector
Real Estate
Industry
REIT - Diversified
Exchange
NYSE
ISIN: US11135E2037
CIK: 0001424182
CUSIP: 11135E203
Currency: USD
Full Time Employees: 62
Phone: 585 287 6500
Fiscal Year End: December
IPO Date: Sep 17, 2020
Description:

Broadstone Net Lease, Inc. is an industrial-focused, diversified net lease real estate investment trust (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. We primarily, and selectively, invest in real estate across industrial and retail property types. We target properties with credit-worthy tenants in industries characterized by positive business drivers and trends, where the properties are an integral part of the tenants' businesses and there are opportunities to secure long-term net leases. Through long-term net leases, our tenants can retain operational control of their strategically important locations, while allocating their debt and equity capital to fund core business operations rather than real estate ownership. Broadstone Net Lease, Inc. was established and incorporated on October 18th, 2017, in Maryland and is based in Victor, New York.

Address:

207 High Point Drive, Victor, NY, United States, 14564

People

Directors & Officers

Name Title Year Born
Mr. John D. Moragne J.D. CEO & Director 1983
Mr. Ryan M. Albano CPA President & COO 1982
Mr. Kevin M. Fennell Executive VP, CFO & Treasurer 1987
Ms. Jennie O'Brien Senior VP & Chief Accounting Officer 1984
Mr. Michael B. Caruso Senior Vice President of Real Estate Operations 1994
Brent Maedl Director of Corporate Finance & Investor Relations NA
Ms. Molly Kelly Wiegel Senior VP of Human Resources & Administration 1972
Mr. John D. Callan Jr. Senior VP, General Counsel & Secretary 1986
Mr. William D. Garner Senior Vice President of Acquisitions 1985

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Feb 26, 2024 Kevin Fennell N/A Purchase 4.00K $14.63 $58.52K
Feb 26, 2024 Michael A Coke N/A Purchase 10.00K $14.67 $146.70K

Shareholders

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
BlackRock Inc 25.36M Mar 31, 2026 13.21% $0.01 5.34%
Vanguard Portfolio Management, LLC 18.12M Mar 31, 2026 9.44% $0.02 0.00%
Vanguard Capital Management, LLC 8.53M Mar 31, 2026 4.44% $0.00 0.00%
State Street Corp 7.90M Mar 31, 2026 4.11% $0.01 -1.86%
Nuveen, LLC 5.95M Mar 31, 2026 3.10% $0.03 38.00%
Geode Capital Management, LLC 5.28M Mar 31, 2026 2.75% $0.01 2.99%
Amvescap Plc. 4.55M Mar 31, 2026 2.37% $0.01 -0.45%
AllianceBernstein L.P. 4.46M Mar 31, 2026 2.33% $0.03 -3.94%
Charles Schwab Investment Management Inc 3.48M Mar 31, 2026 1.81% $0.01 1.60%
AEW Capital Management LP 3.26M Jun 30, 2026 1.70% $4.03 8.03%
Fuller & Thaler Asset Management Inc 3.06M Mar 31, 2026 1.59% $0.19 -51.64%
Dimensional Fund Advisors, Inc. 2.83M Jun 30, 2026 1.48% $0.01 4.99%
CenterSquare Investment Management LLC 2.47M Jun 30, 2026 1.29% $0.44 -6.48%
GRS Advisors, LLC 2.42M Jun 30, 2026 1.26% $4.22 -9.12%
Qube Research & Technologies 2.33M Mar 31, 2026 1.21% $0.05 160.89%
Two Sigma Investments LLC 2.32M Mar 31, 2026 1.21% $0.03 80.98%
NORGES BANK 2.25M Jun 30, 2026 1.17% $0.00 -5.56%
Bank of America Corp 2.23M Mar 31, 2026 1.16% $0.00 8.70%
Northern Trust Corp 2.19M Mar 31, 2026 1.14% $0.01 2.56%
JPMorgan Chase & Co 2.10M Mar 31, 2026 1.10% $0.00 -1.28%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 iShares Core S&P Small-Cap ETF 11.69M 6.09% ▼ 0.08% Aug 31, 2026
2 Vanguard Real Estate Index Investor 7.29M 3.80% ▼ 0.05% Jul 31, 2026
3 Vanguard MStar Total Stk Mkt Idx Invest 6.12M 3.19% ▲ 0.36% Jul 31, 2026
4 iShares Russell 2000 ETF 5.04M 2.63% ▼ 0.57% Aug 31, 2026
5 Vanguard Small Cap Index 4.41M 2.30% ▲ 0.22% Jul 31, 2026
6 Vanguard MStar Small Cap Value Index 2.80M 1.46% ▲ 0.27% Jul 31, 2026
7 FullerThaler Behavioral Small-Cap Value 2.57M 1.34% ▼ 3.64% Jun 30, 2026
8 FullerThaler Beh Small-Cap Value SMA 2.57M 1.34% ▲ 4,232.13% Jun 30, 2026
9 AEW US REITs Composite 2.48M 1.29% ▲ 3.65% Jun 30, 2026
10 Undiscovered Managers Behavioral Val L 2.37M 1.23% ▼ 1.55% Jul 31, 2026

Financial Highlights

Market Cap: $4.37B
EBITDA: $405.56M
P/E Ratio: $27.37
Book Value: $15.02
Dividend/Share: $1.17
Dividend Yield: 5.63%
Earnings/Share: $0.75
Profit Margin: 30.61%
Operating Margin: 46.19%
ROA (TTM): 2.66%
ROE (TTM): 4.92%
Revenue (TTM): $476.17M
Revenue/Share (TTM): $2.51
Earnings Growth (YOY): 95.70%
Revenue Growth (YOY): 8.30%

Valuation Metrics

Enterprise Value: $6.64B
Trailing P/E: 27.37
Forward P/E: 29.07

Shares Statistics

Shares Outstanding: 204.60M
Shares Float: 189.60M
% Insiders: 0.984%
% Institutions: 95.02%
Short % Float: 13.59%

Stock Price History

1 Year Price History

3 Years Price History

10 Years Price History

Financial Charts

Revenue, Net Income & Operating Cash Flow (Yearly)

Revenue, Net Income & Operating Cash Flow (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

Open full waterfall
Line Item
Step Type
Value
Revenue
adjust
$459.14M
Cost of Goods Sold
adjust
$-351.14M
Gross Profit
subtotal
$108.00M
SG&A
adjust
$-38.88M
Other Operating Expense
adjust
$-81.32M
Operating Income
subtotal
$228.20M
Other / Non-Operating Items
adjust
$-125.29M
Net Income
subtotal
$102.91M

Earnings Per Share (EPS) History

Financial Ratios

📦 Raw API Data (JSON Explorer)

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