broadstone is a sponsor and manager of diversified real estate investment offerings for investors and institutions seeking income-oriented alternatives to the public equity markets. boasting a heritage of commercial and residential real estate expertise and a ten-year track record under the broadstone masthead, the company currently serves 2,500+ shareholders of its two privately offered real estate investment trusts (reits). broadstone’s reits are extensively utilized by rias, trust companies, and other wealth management practices on a non-commission basis. both offerings remain open for investment by accredited investors on a monthly basis. shares are offered via private placement.
Company profile
Ticker
BNL
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Broadstone Net Lease Inc
SEC CIK
Corporate docs
Subsidiaries
99 Garnsey Road Associates II, LLC • AGNL Avionics Abbotsford Nominee ULC • BNL PW, LLC • BNL TB, LLC • Brick Holdings • Broadstone AAP East, LLC • Broadstone AAP Portfolio, LLC • Broadstone ABCS Oklahoma, LLC • Broadstone AC Wisconsin, LLC • Broadstone ACW Wisconsin, LLC ...
BNL stock data
Latest filings (excl ownership)
8-K
Broadstone Net Lease Schedules First Quarter 2024 Earnings Release and Conference Call
5 Apr 24
8-K
Broadstone Net Lease Provides First Quarter 2024 Business Update
3 Apr 24
ARS
2023 FY
Annual report to shareholders
22 Mar 24
DEFA14A
Additional proxy soliciting materials
22 Mar 24
DEF 14A
Definitive proxy
22 Mar 24
8-K/A
Departure of Directors or Certain Officers
6 Mar 24
8-K
Departure of Directors or Certain Officers
1 Mar 24
10-K
2023 FY
Annual report
22 Feb 24
8-K
Broadstone Net Lease Announces 2023 Results and its Healthcare Portfolio Simplification Strategy
21 Feb 24
8-K
Broadstone Net Lease Schedules Fourth Quarter 2023 Earnings Release and Conference Call
17 Jan 24
Transcripts
BNL
Earnings call transcript
2023 Q3
2 Nov 23
BNL
Earnings call transcript
2023 Q2
3 Aug 23
BNL
Earnings call transcript
2023 Q1
4 May 23
BNL
Earnings call transcript
2022 Q4
23 Feb 23
BNL
Earnings call transcript
2022 Q3
6 Nov 22
BNL
Earnings call transcript
2022 Q2
7 Aug 22
BNL
Earnings call transcript
2022 Q1
4 May 22
BNL
Earnings call transcript
2021 Q4
23 Feb 22
BNL
Earnings call transcript
2021 Q2
2 Nov 21
BNL
Earnings call transcript
2021 Q2
7 Aug 21
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 50.50 mm | 50.50 mm | 50.50 mm | 50.50 mm | 50.50 mm | |
Cash burn (monthly) | (no burn) | 2.66 mm | (no burn) | (no burn) | (no burn) | |
Cash used (since last report) | n/a | 17.69 mm | n/a | n/a | n/a | |
Cash remaining | n/a | 32.81 mm | n/a | n/a | n/a | |
Runway (months of cash) | n/a | 12.4 | n/a | n/a | n/a |
Institutional ownership, Q3 2023
80.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 257 |
Opened positions | 32 |
Closed positions | 29 |
Increased positions | 99 |
Reduced positions | 83 |
13F shares | Current |
---|---|
Total value | 2.12 tn |
Total shares | 152.09 mm |
Total puts | 75.10 k |
Total calls | 69.60 k |
Total put/call ratio | 1.1 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 28.04 mm | $400.97 bn |
BLK Blackrock | 17.81 mm | $254.67 bn |
PFG Principal Financial Group Inc - Registered Shares | 14.46 mm | $206.72 bn |
STT State Street | 8.90 mm | $129.71 bn |
Centersquare Investment Management | 6.00 mm | $85.86 bn |
Alliancebernstein | 5.71 mm | $81.72 bn |
United Capital Financial Advisers | 5.31 mm | $75.88 bn |
Massachusetts Financial Services | 5.01 mm | $71.65 bn |
Geode Capital Management | 4.28 mm | $61.16 bn |
CNS Cohen & Steers | 3.07 mm | $43.84 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Mar 24 | John David Moragne | Common Stock | Payment of exercise | Dispose F | No | No | 14.76 | 5,756 | 84.96 k | 369,303 |
7 Mar 24 | John David Moragne | Common Stock | Grant | Acquire A | No | No | 0 | 11,275 | 0.00 | 375,059 |
7 Mar 24 | Ryan M Albano | Common Stock | Payment of exercise | Dispose F | No | No | 14.76 | 5,756 | 84.96 k | 274,097 |
7 Mar 24 | Ryan M Albano | Common Stock | Grant | Acquire A | No | No | 0 | 11,275 | 0.00 | 279,853 |
28 Feb 24 | Ryan M Albano | Common Stock | Grant | Acquire A | No | No | 0 | 119,397 | 0.00 | 268,578 |
28 Feb 24 | Ryan M Albano | Common Stock | Payment of exercise | Dispose F | No | No | 14.91 | 8,116 | 121.01 k | 149,181 |
28 Feb 24 | Timothy Dieffenbacher | Common Stock | Grant | Acquire A | No | No | 0 | 46,791 | 0.00 | 82,447 |
28 Feb 24 | Timothy Dieffenbacher | Common Stock | Payment of exercise | Dispose F | No | No | 14.91 | 2,085 | 31.09 k | 35,656 |
28 Feb 24 | Molly Wiegel | Common Stock | Grant | Acquire A | No | No | 0 | 30,334 | 0.00 | 63,000 |
28 Feb 24 | Molly Wiegel | Common Stock | Payment of exercise | Dispose F | No | No | 14.91 | 1,944 | 28.99 k | 32,666 |
News
Wolfe Research Downgrades Broadstone Net Lease to Peer Perform
9 Apr 24
Broadstone Net Lease Provides Q1 2024 Business Update
3 Apr 24
The Analyst Landscape: 4 Takes On Broadstone Net Lease
7 Mar 24
Goldman Sachs Initiates Coverage On Broadstone Net Lease with Sell Rating, Announces Price Target of $14
7 Mar 24
Truist Securities Maintains Hold on Broadstone Net Lease, Lowers Price Target to $17
27 Feb 24