Broadstone Net Lease, Inc.
Close on Oct 19, 2026
- Market cap
- $3.54B
- P/E (TTM)
- 23.2
- Dividend yield
- 6.57%
About Broadstone Net Lease
Real Estate Investment Trusts, SIC 6798
The company is an industrial-focused net lease real estate investment trust that acquires, develops, and manages single-tenant commercial properties. It leases these facilities to businesses under long-term net contracts, allowing tenants to retain operational control of their locations. Its portfolio concentrates on industrial and retail real estate, alongside office and healthcare assets. Industrial properties include distribution warehouses, manufacturing facilities, food processing plants, and cold storage units. Retail locations encompass general merchandise stores, quick-service eateries, and casual dining restaurants. Its customers are commercial tenants and brand operators spanning diverse industries, including logistics, food, and retail.
The company's real estate portfolio consists of 771 properties encompassing approximately 41.6 million rentable square feet. Geographically, the portfolio spans two countries, with 764 properties across 44 U.S. states and seven properties across four Canadian provinces. Across its properties, the firm serves 206 commercial tenants representing 197 brands in 57 different industries. The provided text does not state the company's corporate headquarters.
Summary of the business section of Broadstone Net Lease's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Broadstone Net Lease, Inc.
- Headquarters
- Victor, NY
- Address
- 207 High Point Drive 14564
- Phone
- (585) 287-6500
- Employees
- 62, Dec 31, 2025
- Industry
- Real Estate Investment Trusts
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, Rochester, New York
Stock & identifiers
- Ticker
- BNL
- Exchange
- NYSE
- IPO date
- Sep 17, 2020
- Shares outstanding
- 192M, Jul 24, 2026
- Public float
- $3.00B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 4-for-1, Nov 5, 2020
- SEC CIK
- 1424182
- CUSIP
- 11135E203
- ISIN
- US11135E2037
- LEI
- 549300U8D7PT70B49V21
- EIN
- 26-1516177
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Kevin Fennell | EVP, CFO & Treasurer | 220,036 |
| Jennie O'Brien | SVP, Chief Accounting Officer | 81,620 |
| Michael B. Caruso | SVP, Underwriting & Strategy | 117,417 |
| John David Moragne | CEO | 652,483 |
| Ryan M. Albano | President & COO | 400,605 |
| John Callan | SVP & General Counsel | 108,610 |
| Molly Wiegel | SVP, Human Resources & Admin | 75,873 |
| William D. Garner | SVP, Acquisitions | 84,842 |
| Richard P. Imperiale | Director | 31,250 |
| James H. Watters | Director | 127,349 |
| Laurie A. Hawkes | Director | 145,683 |
| David M. Jacobstein | Director | 75,760 |
| Laura L. Felice | Director | 33,637 |
| Michael A. Coke | Director | 85,902 |
| Joseph Saffire | Director | 21,250 |
| Jessica Duran | Director | 30,560 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 John DMoragne | $6.07M | $9.79M | $2.15M | $121 | $138 |
| FY2024 Christopher JCzarnecki | $0 | $0 | $2.71M | $103 | $134 |
| FY2024 John DMoragne | $6.61M | $7.48M | $2.71M | $103 | $134 |
| FY2023 Christopher JCzarnecki | $944.35K | $1.14M | $1.85M | $105 | $123 |
| FY2023 John DMoragne | $4.20M | $4.33M | $1.85M | $105 | $123 |
| FY2022 | $4.46M | $2.20M | $1.52M | $92 | $108 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we employed 62 full-time employees, comprised of talented professionals engaged in origination, underwriting, closing, accounting and financial reporting, property and asset management, capital markets, and other corporate activities essential to our business.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Sep 17, 2020 | IPO | Initial public offering priced (424B4 prospectus) |
| Sep 16, 2020 | Listing | Registration of securities on an exchange (Form 8-A) |
| Feb 7, 2020 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Sep 5, 2019 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Aug 30, 2019 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |