Broadstone Net Lease, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- John D. Moragne
- Full Time Employees
- 73
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Address
- 800 Clinton Square Rochester NY United States of America 14604
- IPO Date
- Sep 17, 2020
- CIK
- 0001424182
- Website
- broadstone.com
- Similar Companies
- Business
- Broadstone Net Lease, Inc. is an industrial-focused, diversified real estate investment trust (REIT) that invests in, 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's core offerings include ownership and management of single-tenant properties across industrial, healthcare, restaurant, retail, and office sectors, with a strategic focus on properties integral to tenant operations and located in 44 U.S. states and four Canadian provinces. Broadstone Net Lease’s portfolio consists of approximately 769 net-leased properties totaling nearly 40 million rentable square feet, serving over 200 tenants across 55 industries. The company employs a disciplined investment strategy underpinned by strong credit analysis and real estate underwriting to secure net leases with creditworthy tenants, targeting properties with positive business drivers and trends. Founded in 2007 and headquartered in Victor, New York, Broadstone Net Lease operates as an internally managed REIT. In recent years, Broadstone Net Lease has executed significant investment and development activities, including $697 million invested year-to-date in 2025 encompassing $417 million in new property acquisitions, $182 million in build-to-suit developments, and capital expenditures on transitional and revenue-generating improvements. Notably, the company has expanded its build-to-suit pipeline, adding $21 million to its committed projects with developments in strategic markets such as Texas, Georgia, Ohio, and California. Broadstone has also formed a strategic partnership with Prologis, Inc. to collaborate on a $782 million build-to-suit development project, reflecting a major step in expanding its footprint and development capabilities. The company maintains a strong balance sheet with prudent investment discipline and a focus on delivering consistent adjusted funds from operations (AFFO) growth, positioning it well for long-term value creation and operational execution through 2026. Broadstone Net Lease's product and service scope include acquisition, ownership, and management of net leased commercial properties primarily devoted to industrial use but diversified into other commercial sectors. The company provides build-to-suit development services tailored to tenants’ operational needs and invests in transitional capital to enhance its existing assets. Its portfolio management emphasizes lease stability and tenant credit quality, aiming to minimize lease rollover risk while maintaining diversification across over 200 tenants. Broadstone's operations extend primarily across the United States and Canada, catering to tenants in industries that exhibit favorable business conditions and long-term growth potential. Broadstone Net Lease, Inc. continues to leverage its investment-grade balance sheet, disciplined capital allocation, and expanding relationships to execute on its core strategy of growing through high-quality net leased assets and targeted build-to-suit developments. The company's recent strategic moves, including significant capital deployment, project completions such as the MRO facility for Sierra Nevada development, and ongoing expansions, reflect its commitment to sustaining high-quality portfolio growth and operational efficiency. The company is publicly listed on the New York Stock Exchange under the ticker BNL. In summary, Broadstone Net Lease offers diversified net leased commercial properties with an emphasis on industrial real estate, supported by recent major investments, strategic partnerships, and an expanding build-to-suit pipeline that underpin its growth strategy and long-term value creation prospects. The company was founded in 2007, headquartered in Victor, New York, and maintains geographic operations across the U.S. and Canada with a portfolio managed to optimize lease security and tenant creditworthiness.
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