BNL

Broadstone Net Lease, Inc. is a real estate investment trust focused on acquiring and owning single-tenant commercial properties net leased to creditworthy tenants across the United States. The company's diversified portfolio includes industrial distribution centers, healthcare facilities, restaurants, retail properties, and other commercial real estate leased to operators in essential and service-oriented businesses. Broadstone employs a triple-net lease structure where tenants bear responsibility for property taxes, insurance, and maintenance, providing the REIT with predictable income and minimal landlord obligations. Founded in 2007 and headquartered in Rochester, New York, Broadstone went public in 2020 after converting from a non-traded REIT structure. The company emphasizes investment-grade and creditworthy tenants, diversification across industries and geographies, and sale-leaseback transactions with operating companies. Broadstone generates revenues from contractual lease payments with built-in rental escalations providing inflation protection. The REIT faces risks from tenant credit quality, lease expirations, and property-type specific challenges. Broadstone continues to focus on disciplined acquisitions, portfolio management, and delivering consistent dividends to shareholders.