BNL is an internally-managed REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The Company utilizes an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting. As of September 30, 2020, BNL's diversified portfolio consisted of 627 properties in 41 U.S. states and one property in Canada across the industrial, healthcare, restaurant, office, and retail property types, with an aggregate gross asset value of approximately $4.0 billion.
IPO Year: 2020
Exchange: NYSE
Website: broadstone.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/17/2024 | $21.00 | Mkt Perform → Mkt Outperform | JMP Securities |
11/14/2024 | $18.00 | Neutral | UBS |
8/19/2024 | Outperform | Wedbush | |
6/12/2024 | Sector Weight | KeyBanc Capital Markets | |
4/9/2024 | Outperform → Peer Perform | Wolfe Research | |
3/7/2024 | $14.00 | Sell | Goldman |
12/18/2023 | $19.00 | Neutral → Overweight | JP Morgan |
10/18/2023 | $17.00 | Peer Perform → Outperform | Wolfe Research |
9/21/2023 | Mkt Perform | JMP Securities | |
9/7/2021 | $22.00 → $25.00 | Equal-Weight | Morgan Stanley |
Broadstone Net Lease, Inc. (NYSE:BNL) ("Broadstone," "BNL," the "Company," "we," "our," or "us"), today provided an update on its recent business activity through June 2, 2025. Additionally, the Company announced that BNL's CEO, John Moragne and CFO, Kevin Fennell, will be participating in the Nareit REITweek 2025 Annual Conference in New York, NY on June 3 and June 4, 2025. JUNE 2025 BUSINESS UPDATE Quarter-to-date, we have invested $83.3 million, including $54.7 million in new property acquisitions and $28.6 million in build-to-suit developments. Year-to-date, we have invested $171.7 million, including $113.7 million in new property acquisitions, and $55.1 million in build-to-suit
Keller Williams Realty, LLC ("KW"), the world's largest real estate franchise by agent count and the U.S. leader in units and sales volume, announced Tim Dieffenbacher as Chief Financial Officer (CFO) and Stacie Herron as Chief Operations Officer (COO), in addition to her Chief Legal Officer (CLO) role. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250507116896/en/Stacie Herron is the Chief Operations Officer and Chief Legal Officer of Keller Williams. "As we continue to grow, we're excited to announce Tim and Stacie into these key leadership roles," said Chris Czarnecki, CEO and President of Keller Williams. "Tim and Stacie emb
Broadstone Net Lease, Inc. (NYSE:BNL) ("BNL", the "Company", "we", "our", or "us"), today announced its operating results for the quarter ended March 31, 2025. MANAGEMENT COMMENTARY "We are pleased to report a strong first quarter of results, demonstrating continued disciplined execution," said John Moragne, BNL's Chief Executive Officer. "We remain focused on driving long-term shareholder value and believe our differentiated business model consisting of our four core building blocks along with an investment-grade balance sheet position us well in the current environment to execute on our growth strategy. We continue to find success growing our build-to-suit pipeline through both existing
Broadstone Net Lease, Inc. (NYSE:BNL) ("Broadstone," "BNL," the "Company," "we," "our," or "us"), today announced it has added one new development with an aggregate estimated total project investment of approximately $78.2 million to its pipeline of build-to-suit development commitments. This marks another significant milestone in growing our committed build-to-suit pipeline while expanding our network of development partners. Further, we are pleased to announce that this development will be completed with a new relationship between BNL and the Prologis, Inc. (NYSE:PLD) development team. A global supply chain leader, Prologis focuses on high-barrier, high growth markets with a highly succe
Broadstone Net Lease, Inc. (NYSE:BNL) ("BNL" or the "Company") today announced that it will release its financial and operating results for the quarter ended March 31, 2025, after the market closes on Wednesday, April 30, 2025. The Company will host its earnings conference call and audio webcast on Thursday, May 1, 2025, at 11:00 a.m. Eastern Time. Conference Call and Webcast Details To access the live webcast, which will be available in listen-only mode, please visit: https://events.q4inc.com/attendee/133004162. If you prefer to listen via phone, U.S. participants may dial: 1-833-470-1428 (toll free) or 1-404-975-4839 (local), access code 494942. International access numbers are viewable
Broadstone Net Lease, Inc. (NYSE:BNL) ("Broadstone," "BNL," the "Company," "we," "our," or "us"), today announced the closing of a $1.5 billion Amended and Restated Credit Agreement, inclusive of a $1.0 billion revolving credit facility and $500 million term loan (together, the "Credit Facilities"). The Company also entered into conforming amendments to its 2027 and 2029 term loans. The amended revolving credit facility has an initial term of four years, maturing in March 2029, and includes two six-month extension options that can be exercised at the Company's election. The new term loan replaces the Company's existing $400 million term loan due February 2026, has an initial term of three
Broadstone Net Lease, Inc. (NYSE:BNL) ("BNL", the "Company", "we", "our", or "us"), today announced its operating results for the year and quarter ended December 31, 2024. MANAGEMENT COMMENTARY "I am extremely proud of our 2024 results, achieving $1.43 of AFFO per share, at the top end of our guidance, and executing on over $400 million in total investments while substantially completing our clinical healthcare portfolio simplification strategy. We are well set up for growth in 2025 and beyond through our differentiated core building blocks of growth, including a strong pipeline of new investments and more than $200 million of high-quality build-to-suit developments scheduled to phase int
Broadstone Net Lease, Inc. (NYSE:BNL) ("Broadstone," "BNL," the "Company," "we," "our," or "us"), today announced that its Board of Directors (the "Board") has appointed Richard Imperiale, President and Chief Investment Officer of Uniplan Investment Counsel, Inc., and Joseph Saffire, the former Chief Executive Officer of Life Storage, Inc. and current director of Extra Space Storage Inc., to the Board. "I am delighted to welcome Rick and Joe to BNL's Board of Directors," said John Moragne, the Company's Chief Executive Officer and director. "They bring deep and impressive working knowledge of the REIT industry and related operational matters as well as strong foundations overseeing the gro
Broadstone Net Lease, Inc. (NYSE:BNL) ("BNL" or the "Company") today announced the income tax allocation of 2024 common stock dividends, as shown in the table below. Stockholders are encouraged to consult with their own tax advisors regarding their specific tax treatment of any BNL dividends received. Common Stock – CUSIP number 11135E203 FORM 1099-DIV Box 1a Box 2a Box 2b Box 2f Box 3 Box 5 Record Date Payment Date Distribution Per Share Ordinary Dividends Capital Gain Distributions Unrecaptured Section 1250 Gain Section 897 Capital Gain Nondividend Distributions (1) Section 199A D
Broadstone Net Lease, Inc. (NYSE:BNL) ("Broadstone," "BNL," the "Company," "we," "our," or "us"), today announced it has added two new developments with an aggregate estimated total project investment of approximately $117.4 million to its pipeline of build-to-suit development commitments. BNL also announced that it will release its financial and operating results for the quarter and year ended December 31, 2024, after the market closes on Wednesday, February 19, 2025. The Company will host its earnings conference call and audio webcast on Thursday, February 20, 2025, at 1:00 p.m. Eastern Time. "We are proud of the significant progress we have made in growing our pipeline of committed bui