Broadstone Net Lease Inc (NYSE: BNL) is a real estate investment trust (REIT) that acquires, owns, and manages single-tenant commercial real estate properties under long-term net leases. Revenue comes from rental income paid by tenants who are contractually responsible for most property-level operating costs, including taxes, insurance, and maintenance, under net lease structures. BNL is structured as an internally managed REIT and files with the SEC as a well-known seasoned issuer, with common stock registered under Section 12(g) at a par value of $0.00025 per share. The filing excerpts provided do not supply sufficient detail to characterize portfolio size, tenant concentration, geographic mix, segment breakdown, or competitive positioning with precision. Based solely on the available filing content, BNL operates a net lease real estate model where predictable contractual rent from single-tenant properties constitutes the primary revenue stream.

Revenue model

Rental income from single-tenant commercial properties held under long-term net lease agreements, where tenants bear most operating expenses.

Products and services

Single-tenant net lease commercial real estate properties.

Value-chain role

Property owner and landlord; acquires and manages single-tenant net lease real estate assets.

Source: SEC 10-K, filed 2026-02-19

Industry: Real Estate Investment Trusts Peers: Alexander & Baldwin, Inc. American Assets Trust Inc Global Net Lease Inc W.p. Carey Inc /entities/esba Empire State Realty Trust Inc Essential Properties Realty Trust Inc STORE CAPITAL LLC