Broadstone Net Lease, Inc. BNL

Company Overview

Broadstone Net Lease, Inc. (BNL) is a publicly traded real estate investment trust (REIT) focused on acquiring, owning, and managing single-tenant commercial properties under long-term, net lease agreements. The company operates within the commercial real estate and net lease REIT industries, with revenue primarily generated through contractual rental income where tenants are responsible for property-level expenses such as taxes, insurance, and maintenance.

BNL’s portfolio is diversified across industrial, retail, and office properties, with a strategic emphasis on properties leased to middle-market and larger corporate tenants. The company positions itself as a disciplined, conservative net lease owner, emphasizing tenant credit quality, unit-level profitability, and long lease durations. Broadstone Net Lease was founded in 2007 as a private real estate company and operated as a non-traded platform prior to completing its initial public offering in 2020, which marked its transition to a publicly listed REIT.