Broadstone Net Lease

General Information
Business:

 

We are an internally managed REIT that acquires, 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. We utilize an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting. Since our inception in 2007, we have selectively invested in net leased real estate across the industrial, healthcare, restaurant, office, and retail property types, and as of June 30, 2020, our portfolio has grown to 632 properties in 41 U.S. states and one property in Canada, with an aggregate gross asset value of approximately $4.0 billion.

Industry: REAL ESTATE INVESTMENT TRUSTS
Employees: 73
Founded: 2007
Contact Information
Address 800 Clinton Square Rochester, New York 14604, US
Phone Number (585) 287-6500
Web Address http://investors.bnl.broadstone.com
View Prospectus: Broadstone Net Lease
Financial Information
Market Cap $2562.5mil
Revenues $319.9 mil (last 12 months)
Net Income $75.5 mil (last 12 months)
IPO Profile
Symbol BNL
Exchange NYSE
Shares (millions): 33.5
Price range $17.00 - $17.00
Est. $ Volume $569.5 mil
Manager / Joint Managers J.P. Morgan/ Goldman Sachs/ BMO Capital Markets/ Morgan Stanley/ Capital One Securities/ Truist Securities
CO-Managers Regions Securities/ BTIG/ KeyBanc Capital Markets / Ramirez
Expected To Trade: 9/17/2020
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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