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 |
3 - Broadstone Net Lease, Inc. (0001424182) (Issuer)
3 - Broadstone Net Lease, Inc. (0001424182) (Issuer)
3 - Broadstone Net Lease, Inc. (0001424182) (Issuer)
4 - Broadstone Net Lease, Inc. (0001424182) (Issuer)
4 - Broadstone Net Lease, Inc. (0001424182) (Issuer)
4 - Broadstone Net Lease, Inc. (0001424182) (Issuer)
4 - Broadstone Net Lease, Inc. (0001424182) (Issuer)
4 - Broadstone Net Lease, Inc. (0001424182) (Issuer)
4 - Broadstone Net Lease, Inc. (0001424182) (Issuer)
4 - Broadstone Net Lease, Inc. (0001424182) (Issuer)
4 - Broadstone Net Lease, Inc. (0001424182) (Issuer)
4 - Broadstone Net Lease, Inc. (0001424182) (Issuer)
4 - Broadstone Net Lease, Inc. (0001424182) (Issuer)
4 - Broadstone Net Lease, Inc. (0001424182) (Issuer)
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
Broadstone Net Lease, Inc. (NYSE:BNL) ("BNL", the "Company", "we", "our", or "us"), today announced its operating results for the quarter ended September 30, 2024. MANAGEMENT COMMENTARY "We came into 2024 with two primary objectives: execute on our healthcare portfolio simplification strategy and build a strong pipeline focused on our differentiated core building blocks of growth. With the successful sale of the latest tranche of our clinical assets bringing our total healthcare exposure to less than 10% of our ABR and with more than $400 million of high-quality build-to-suit developments under control, I am incredibly proud of our team for accomplishing both," said John Moragne, BNL's Ch
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 September 30, 2024, after the market closes on Wednesday, October 30, 2024. The Company will host its earnings conference call and audio webcast on Thursday, October 31, 2024, at 10:00 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/940770546. 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 340652. International access numbers a
Broadstone Net Lease, Inc. (NYSE:BNL) ("BNL", the "Company", "we", "our", or "us"), today announced its operating results for the quarter ended June 30, 2024. MANAGEMENT COMMENTARY "We are performing well in all facets of our business, and I am incredibly proud of our results and execution on our strategic priorities through the first half of this year," said John Moragne, BNL's Chief Executive Officer. "We had ambitious goals for 2024 and are well on our way to meeting them. We are on the cusp of substantially completing our healthcare portfolio simplification strategy, having fully redeployed those proceeds into closed and committed investments, and are continuing to build a strong pi
Broadstone Net Lease, Inc. (NYSE:BNL) ("Broadstone," "BNL," the "Company," "we," "our," or "us"), today provided an update on its healthcare portfolio simplification strategy through June 30, 2024. Additionally, the Company announced that it will release its financial and operating results for the quarter ended June 30, 2024, after the market closes on Tuesday, July 30, 2024, and host its earnings conference call and audio webcast on Wednesday, July 31, 2024, at 11:00 a.m. Eastern Time. JULY 2024 HEALTHCARE PORTFOLIO SIMPLIFICATION STRATEGY UPDATE Through June 30, 2024 and as previously reported, we have sold 38 clinically-oriented healthcare properties for gross proceeds of $262.2 mil
Broadstone Net Lease, Inc. (NYSE:BNL) ("BNL", the "Company", "we", "our", or "us"), today announced its operating results for the quarter ended March 31, 2024. MANAGEMENT COMMENTARY "Adding to the positive momentum discussed in our April 3 press release, we've now closed on $202 million of investments during 2024 and have $122 million of investments under control," said John Moragne, BNL's Chief Executive Officer. "Executing on our healthcare portfolio simplification strategy and returning to consistent growth is our top priority. Despite historically low net lease transaction volumes, our recent deals highlight our ability to creatively source and structure high quality, direct investm
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, 2024, after the market closes on Wednesday, May 1, 2024. The Company will host its earnings conference call and audio webcast on Thursday, May 2, 2024, 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/505999171. 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 189053. International access numbers are viewable
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, 2023, and its healthcare portfolio simplification strategy. MANAGEMENT COMMENTARY "I am incredibly proud of our 2023 results, which we were able to deliver despite significant economic headwinds and capital market volatility through the year. We thoughtfully navigated a challenging environment by intentionally focusing on portfolio composition and quality which we believe will be the catalyst for increasing shareholder value as markets stabilize," said John Moragne, BNL's Chief Executive Officer. "We employed a disciplined
Broadstone Net Lease, Inc. (NYSE:BNL) ("BNL" or the "Company") today announced the income tax allocation of 2023 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 (1) Unrecaptured Section 1250 Gain (2) Section 897 Capital Gain (3) Nondividend Distributions (4)
Broadstone Net Lease, Inc. (NYSE:BNL) ("BNL" or the "Company") today announced that it will release its financial and operating results for the quarter and year ended December 31, 2023, after the market closes on Wednesday, February 21, 2024. The Company will host its earnings conference call and audio webcast on Thursday, February 22, 2024, 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/958546087. 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 822981. International acce
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
Broadstone Net Lease, Inc. (NYSE:BNL) ("Broadstone," "BNL," the "Company," "we," "our," or "us"), today announced it has updated its pipeline of build-to-suit development commitments. Additionally, the Company announced that BNL's CEO, John Moragne, CFO, Kevin Fennell, and Director of Corporate Finance and Investor Relations, Brent Maedl, will be participating in the Nariet REITworld 2024 Annual Conference in Las Vegas, NV, on November 19 and November 20, 2024. DEVELOPMENT FUNDING COMMITMENTS As of the date of this release, we have a total of $246.5 million in estimated build-to-suit development commitments to be funded through the second quarter of 2026. Since our October 30, 2024, rel
Broadstone Net Lease, Inc. (NYSE:BNL) ("BNL", the "Company", "we", "our", or "us"), today announced its operating results for the quarter ended September 30, 2024. MANAGEMENT COMMENTARY "We came into 2024 with two primary objectives: execute on our healthcare portfolio simplification strategy and build a strong pipeline focused on our differentiated core building blocks of growth. With the successful sale of the latest tranche of our clinical assets bringing our total healthcare exposure to less than 10% of our ABR and with more than $400 million of high-quality build-to-suit developments under control, I am incredibly proud of our team for accomplishing both," said John Moragne, BNL's Ch
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 September 30, 2024, after the market closes on Wednesday, October 30, 2024. The Company will host its earnings conference call and audio webcast on Thursday, October 31, 2024, at 10:00 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/940770546. 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 340652. International access numbers a
Broadstone Net Lease, Inc. (NYSE:BNL) ("Broadstone," "BNL," the "Company," "we," "our," or "us"), today provided an update on its recent business activity through September 8, 2024. Additionally, the Company announced that BNL's CEO, John Moragne, and CFO, Kevin Fennell, will be participating in the Wells Fargo 13th Annual Net Lease REIT Forum in New York, NY, on Monday, September 9, 2024. SEPTEMBER 2024 BUSINESS UPDATE Invested $375.6 million year-to-date, including $234.3 million in new property acquisitions, $86.1 million in development fundings, $52.2 million in transitional capital, and $3.0 million in revenue generating capital expenditures. Total investments consist of $248.6 mi
Broadstone Net Lease, Inc. (NYSE:BNL) ("BNL", the "Company", "we", "our", or "us"), today announced its operating results for the quarter ended June 30, 2024. MANAGEMENT COMMENTARY "We are performing well in all facets of our business, and I am incredibly proud of our results and execution on our strategic priorities through the first half of this year," said John Moragne, BNL's Chief Executive Officer. "We had ambitious goals for 2024 and are well on our way to meeting them. We are on the cusp of substantially completing our healthcare portfolio simplification strategy, having fully redeployed those proceeds into closed and committed investments, and are continuing to build a strong pi
Broadstone Net Lease, Inc. (NYSE:BNL) ("Broadstone," "BNL," the "Company," "we," "our," or "us"), today provided an update on its healthcare portfolio simplification strategy through June 30, 2024. Additionally, the Company announced that it will release its financial and operating results for the quarter ended June 30, 2024, after the market closes on Tuesday, July 30, 2024, and host its earnings conference call and audio webcast on Wednesday, July 31, 2024, at 11:00 a.m. Eastern Time. JULY 2024 HEALTHCARE PORTFOLIO SIMPLIFICATION STRATEGY UPDATE Through June 30, 2024 and as previously reported, we have sold 38 clinically-oriented healthcare properties for gross proceeds of $262.2 mil
Broadstone Net Lease, Inc. (NYSE:BNL) ("Broadstone," "BNL," the "Company," "we," "our," or "us"), today provided an update on its recent business activity through the month ended May 31, 2024. Additionally, the Company announced that BNL's CEO, John Moragne, and CFO, Kevin Fennell, will make a presentation regarding the Company at Nareit's REITweek: 2024 Investor Conference in New York, NY, on Tuesday, June 4, 2024, at 3:45 PM Eastern Time. MAY 2024 BUSINESS UPDATE Through May 31st, we invested $255.4 million, including $193.6 million in new properties, $58.8 million in development fundings, and $3.0 million in revenue generating capital expenditures. The new property investments consi
Broadstone Net Lease, Inc. (NYSE:BNL) ("BNL", the "Company", "we", "our", or "us"), today announced its operating results for the quarter ended March 31, 2024. MANAGEMENT COMMENTARY "Adding to the positive momentum discussed in our April 3 press release, we've now closed on $202 million of investments during 2024 and have $122 million of investments under control," said John Moragne, BNL's Chief Executive Officer. "Executing on our healthcare portfolio simplification strategy and returning to consistent growth is our top priority. Despite historically low net lease transaction volumes, our recent deals highlight our ability to creatively source and structure high quality, direct investm
Broadstone Net Lease, Inc. (NYSE:BNL) ("BNL" or the "Company") today announced the release of its 2023 Sustainability Report. "On behalf of Broadstone Net Lease, I am pleased to present our second annual Sustainability Report," said John Moragne, Chief Executive Officer. "As a publicly traded net lease REIT, our core job is to drive growth, consistent performance, and predictable returns for our investors through multiple real estate cycles. As our sustainability strategy evolves and matures, we remain committed to doing well by doing good and creating long-term value for our shareholders through responsible and sustainable practices and initiatives. I am excited to share our progress to
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John Moragne to be named Chief Executive Officer Ryan Albano to be named President & Chief Operating Officer Kevin Fennell to be promoted to Executive Vice President & Chief Financial Officer Broadstone Net Lease, Inc. (NYSE:BNL) ("Broadstone," "BNL," the "Company," "we," "our," or "us"), today announced that its Board of Directors has approved a senior executive succession plan pursuant to which John Moragne, currently the Company's Executive Vice President and Chief Operating Officer, will become Chief Executive Officer ("CEO") and a member of the Board, effective February 28, 2023. President and CEO Chris Czarnecki will step down from his current role and the Board of Directors upon the
$100.3 million of acquisitions and 98.8% rent collections in Q4 2020Following 15 years of service to Broadstone Net Lease, Chairman of the Board and Co-Founder, Amy L. Tait, to step down in May 2021. The Board intends to appoint Laurie A. Hawkes, currently BNL’s Lead Independent Director, as Chairman of the Board. ROCHESTER, N.Y., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Broadstone Net Lease, Inc. (NYSE: BNL), an internally-managed real estate investment trust (“BNL” or the “Company”), today provided an update on its recent business activities.“We are pleased to announce our strong acquisition and collection activity from the fourth quarter,” said Chris Czarnecki, BNL’s Chief Executive Officer.
8-K - Broadstone Net Lease, Inc. (0001424182) (Filer)
8-K - Broadstone Net Lease, Inc. (0001424182) (Filer)
10-Q - Broadstone Net Lease, Inc. (0001424182) (Filer)
8-K - Broadstone Net Lease, Inc. (0001424182) (Filer)
8-K - Broadstone Net Lease, Inc. (0001424182) (Filer)
8-K - Broadstone Net Lease, Inc. (0001424182) (Filer)
8-K - Broadstone Net Lease, Inc. (0001424182) (Filer)
10-Q - Broadstone Net Lease, Inc. (0001424182) (Filer)
8-K - Broadstone Net Lease, Inc. (0001424182) (Filer)
8-K - Broadstone Net Lease, Inc. (0001424182) (Filer)
JMP Securities upgraded Broadstone Net Lease from Mkt Perform to Mkt Outperform and set a new price target of $21.00
UBS initiated coverage of Broadstone Net Lease with a rating of Neutral and set a new price target of $18.00
Wedbush initiated coverage of Broadstone Net Lease with a rating of Outperform
KeyBanc Capital Markets initiated coverage of Broadstone Net Lease with a rating of Sector Weight
Wolfe Research downgraded Broadstone Net Lease from Outperform to Peer Perform
Goldman initiated coverage of Broadstone Net Lease with a rating of Sell and set a new price target of $14.00
JP Morgan upgraded Broadstone Net Lease from Neutral to Overweight and set a new price target of $19.00
Wolfe Research upgraded Broadstone Net Lease from Peer Perform to Outperform and set a new price target of $17.00
JMP Securities initiated coverage of Broadstone Net Lease with a rating of Mkt Perform
Morgan Stanley reiterated coverage of Broadstone Net Lease with a rating of Equal-Weight and set a new price target of $25.00 from $22.00 previously