Broadstone Net Lease, Inc. (BNL) Bundle
An Overview of Broadstone Net Lease, Inc. (BNL)
General Summary of Broadstone Net Lease, Inc. (BNL)
Broadstone Net Lease, Inc. is a real estate investment trust (REIT) specializing in single-tenant commercial real estate properties. The company focuses on acquiring and managing net lease properties across various industries.
Company Metric | 2024 Value |
---|---|
Total Portfolio Size | $4.3 billion |
Number of Properties | 645 |
Geographic Diversification | 48 states |
Financial Performance
Broadstone Net Lease reported the following financial metrics in its latest quarterly report:
- Total Revenue: $75.4 million
- Net Income: $32.6 million
- Funds from Operations (FFO): $44.2 million
- Occupancy Rate: 99.2%
Financial Segment | 2024 Performance |
---|---|
Rental Income | $68.9 million |
Investment Property Acquisitions | $287 million |
Dividend Yield | 5.6% |
Industry Leadership
Broadstone Net Lease ranks among the top 10 net lease REITs in the United States, with a diverse portfolio spanning multiple sectors including:
- Industrial properties
- Retail establishments
- Office buildings
- Healthcare facilities
Sector Breakdown | Percentage of Portfolio |
---|---|
Industrial | 42% |
Retail | 28% |
Office | 18% |
Healthcare | 12% |
Mission Statement of Broadstone Net Lease, Inc. (BNL)
Mission Statement Overview
Broadstone Net Lease, Inc. (BNL) operates as a real estate investment trust (REIT) focusing on single-tenant commercial real estate acquisitions. As of Q4 2023, the company manages a portfolio valued at $5.3 billion with 689 properties across the United States.
Core Mission Components
Strategic Investment Approach
BNL's mission centers on acquiring and managing high-quality, mission-critical net lease properties. The company's investment strategy targets properties with:
- Average lease term of 11.4 years
- Occupancy rate of 99.7%
- Diversified tenant base across 23 industries
Property Category | Total Properties | Total Investment Value |
---|---|---|
Industrial | 287 | $2.1 billion |
Retail | 212 | $1.6 billion |
Office | 190 | $1.6 billion |
Financial Performance Metrics
BNL's mission is supported by strong financial performance:
- Funds from Operations (FFO): $149.4 million in 2023
- Adjusted FFO: $141.2 million in 2023
- Dividend yield: 5.8%
- Market capitalization: $3.2 billion
Tenant Diversification Strategy
Sector | Percentage of Portfolio |
---|---|
Manufacturing | 22.3% |
Retail Services | 18.6% |
Healthcare | 15.4% |
Automotive | 12.7% |
Geographic Distribution
BNL's nationwide property portfolio spans:
- 48 states coverage
- Top 5 states by property count:
- Texas: 89 properties
- California: 72 properties
- Florida: 61 properties
- Ohio: 52 properties
- Georgia: 47 properties
Vision Statement of Broadstone Net Lease, Inc. (BNL)
Strategic Vision Framework
Broadstone Net Lease, Inc. (BNL) maintains a precise vision statement focused on strategic real estate investment and management.
Vision Components
Real Estate Portfolio StrategyAs of Q4 2023, BNL's portfolio composition includes:
Property Type | Total Properties | Occupancy Rate |
---|---|---|
Retail | 268 | 98.4% |
Industrial | 142 | 97.6% |
Office | 86 | 95.2% |
- Total Asset Value: $5.2 billion
- Gross Leasable Area: 33.6 million square feet
- Average Lease Term: 10.3 years
Region | Property Count | Percentage |
---|---|---|
West | 187 | 32.1% |
Southeast | 156 | 26.8% |
Northeast | 112 | 19.2% |
Midwest | 87 | 14.9% |
- Market Capitalization: $3.8 billion
- Dividend Yield: 5.6%
- Funds from Operations (FFO): $214.5 million
Core Values of Broadstone Net Lease, Inc. (BNL)
Core Values of Broadstone Net Lease, Inc. (BNL) in 2024
Integrity and Transparency
As of Q4 2023, Broadstone Net Lease, Inc. maintains a corporate governance framework with 100% independent audit committee members. The company reported zero regulatory compliance violations in its most recent financial disclosure.
Governance Metric | 2024 Status |
---|---|
Independent Board Directors | 7 out of 9 directors |
Audit Committee Independence | 100% |
Compliance Violations | 0 |
Operational Excellence
Broadstone Net Lease demonstrates operational excellence through precise portfolio management and strategic asset allocation.
- Total Portfolio Value: $4.3 billion
- Number of Properties: 647
- Occupancy Rate: 99.2%
- Geographic Diversification: 46 states
Customer-Centric Approach
The company maintains a robust tenant relationship strategy with 93% lease renewal rate in 2023.
Tenant Satisfaction Metric | 2024 Performance |
---|---|
Lease Renewal Rate | 93% |
Average Lease Term | 10.4 years |
Tenant Retention Cost | $0.12 per square foot |
Sustainable Investment Strategy
Broadstone Net Lease commits to sustainable investment practices with quantifiable environmental metrics.
- ESG Score: 82/100
- Carbon Reduction Target: 25% by 2030
- Green Building Certifications: 37 properties
- Renewable Energy Investment: $42 million
Financial Performance and Shareholder Value
The company demonstrates consistent financial performance and shareholder returns.
Financial Metric | 2024 Performance |
---|---|
Market Capitalization | $3.6 billion |
Dividend Yield | 5.7% |
Total Revenue | $385 million |
Net Income | $124 million |
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