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Broadstone Net Lease, Inc. Stock: price and insider trades · United States
1 insider bought €181k of shares over the last 90 days, the latest filed 24 Aug 2026.
Broadstone Net Lease, Inc.: what insiders have been doing
This page follows insider dealings at Broadstone Net Lease, Inc. as filed with SEC (Form 4), a company from the Real Estate sector. 16 insiders have disclosed 33 filings since 18 October 2025.
No insider sold shares on the market over the period. Instead, the filings list 3 purchases totalling €193k, made by 2 insiders. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. The largest single trade was a purchase of €91k by Imperiale Richard P, published on 24 August 2026, equal to 0.0026% of the market capitalisation. Those buying include 1 finance chief and 1 senior executive.
The last insider purchase was made public on 24 August 2026, 54 days ago. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. The legal deadline for a Form 4 is two business days after the transaction.
For context, the typical company on the same exchange (median of 5,810 companies) published 19 filings over the same period, against 33 filings here. The full history, which starts in 2021, counts 24 purchases against 4 sales. The 10-K for the year ended 31 December 2025 shows 454.1 m USD of revenue and 96.5 m USD of net income and a dividend of 1.16 USD per share.
Other companies in the same sector with recent insider buying flagged by our signals: Agree Realty Corp and Simon Property Group Inc /DE/. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
199
Thresholds
n/a
Buy Volume
€2M
24 ops. · all time
Sell Volume
€270,866
4 ops. · all time
Who traded when
BuySaleRichard P. Imperiale4 buys
Kevin Fennell2 buys
David M. Jacobstein1 buy
James H. Watters1 buy
Jessica Duran1 buy
John David Moragne1 buy
+5 other insiders
Since the insiders bought
- -15.3%Entry US$21.55 · Close 15 Oct 2026 US$18.25
- -4.2%Entry US$19.05 · Close 15 Oct 2026 US$18.25
- +24.1%Entry US$15.97 · Close at T+365 US$19.82
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Broadstone Net Lease, Inc. Buy (bullish), based on 10 analysts. Average price target: US$23.60.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 10,751 of 24,148 companies
54.4
score / 100
Value49
Quality59
FCF yld7.0%
Earn yld2.5%
EV/EBITDA17.7x
ROE4.9%
Gross mgn95%
Net mgn21%
Debt/EBITDA7.0x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$18.32
Analyst consensus
10 analystsBuy
US$20.00Target US$23.60(+29%)US$26.00
Income statement
RevenueUS$454.1M
Gross profitUS$431.2M95% margin
EBITDAUS$359.1M79% margin
Net incomeUS$96.5M30.6% margin
Valuation
PER (trailing)24.1x
PER (forward)26.6x
P/Book1.2x
Beta0.94
Balance sheet & cash
Market capUS$3.9B
Total debtUS$2.5B
Free Cash FlowUS$269.8M
Debt / Equity89%
Profitability & ownership
ROE4.9%
ROA2.7%
% insiders1.0%
% institutions94.8%
Last declaration on 2 October 2026
Declarations199 total
1,148 shares0Common StockSEC:0001963661-26-000005:0
1,013 shares0Common StockSEC:0001709565-26-000005:0
523 shares0Common StockSEC:0001311618-26-000007:0
1,081 shares0Common StockSEC:0001213051-26-000012:0
1,858 shares0Common StockSEC:0001575253-26-000004:0
912 shares0Common StockSEC:0001607364-26-000005:0
202 shares0Common StockSEC:0001191856-26-000004:0
1,148 shares0Common StockSEC:0001743504-26-000007:0
5,000 shares@ US$21.100.0026% mcap35.7% of flowCommon StockSEC:0001311618-26-000005:1
Canonical exit: 19 Nov 2026 (T+90)
5,000 shares@ US$21.220.0026% mcap35.9% of flowCommon StockSEC:0001311618-26-000005:0
Canonical exit: 18 Nov 2026 (T+90)
4,987 shares0Common StockSEC:0001607364-26-000002:0
4,987 shares0Common StockSEC:0001191856-26-000002:0
4,987 shares0Common StockSEC:0001213051-26-000006:0
4,987 shares0Common StockSEC:0001311618-26-000002:0
4,987 shares0Common StockSEC:0001575253-26-000002:0
4,987 shares0Common StockSEC:0001709565-26-000002:0
4,987 shares0Common StockSEC:0001743504-26-000005:0
4,987 shares0Common StockSEC:0001963661-26-000002:0
9,917 shares0Common StockSEC:0001966537-26-000004:0
12,397 shares0Common StockSEC:0001848398-26-000005:0
12,397 shares0Common StockSEC:0001803290-26-000005:0
55,778 shares0Common StockSEC:0001803287-26-000004:0
148,741 shares0Common StockSEC:0001709742-26-000005:0
111,557 shares0Common StockSEC:0001709629-26-000005:0
9,917 shares0Common StockSEC:0001803280-26-000005:0
25 of 199 declarations
About Broadstone Net Lease, Inc.
Broadstone Net Lease, Inc. (NYSE: BNL) is a United States-based real estate investment trust (REIT) focused on single-tenant, long-term net lease commercial properties. Headquartered in Victor, New York, the company offers investors a listed US real estate vehicle with an emphasis on contractual cash flows, tenant credit quality, and disciplined acquisition underwriting. In practical terms, BNL operates in the net lease segment, where tenants typically bear most property-level operating costs such as taxes, insurance, maintenance, and repairs. That structure tends to provide more predictable income visibility than many traditional real estate models. ([investors.bnl.broadstone.com](https://investors.bnl.broadstone.com/?utm_source=openai))
BNL’s business model has been built around acquisitions, sale-leasebacks, and build-to-suit developments, with a long-standing focus on diversified commercial real estate across the industrial, retail, and other property categories. The company has expanded its footprint primarily across the United States, while also maintaining a limited presence in Canada. As of December 31, 2025, its portfolio included 771 net leased commercial properties, with 764 located in 44 US states and seven properties in four Canadian provinces. That scale and geographic spread support a diversified income base, while the tenant mix is also highly fragmented: no single tenant accounted for more than 3.9% of annualized base rent. ([investors.bnl.broadstone.com](https://investors.bnl.broadstone.com/press-releases/news-details/2026/Broadstone-Net-Lease-Announces-Fourth-Quarter-and-Full-Year-2025-Results/default.aspx?utm_source=openai))
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From a competitive standpoint, Broadstone Net Lease positions itself as a mid-sized net lease REIT with a differentiated strategy centered on strong fundamental credit analysis and prudent real estate underwriting. Its competitive strengths include long lease terms, embedded contractual rent escalators, and a conservative approach to portfolio construction. The company regularly highlights portfolio occupancy, weighted-average lease term, annual rent increases, and acquisition cap rates, which are key metrics for evaluating income durability in the net lease REIT universe. Compared with larger peers, BNL offers investors a more focused platform with meaningful diversification but without relying on one dominant tenant or one narrow property niche. ([investors.bnl.broadstone.com](https://investors.bnl.broadstone.com/press-releases/news-details/2025/Broadstone-Net-Lease-Schedules-Second-Quarter-2025-Earnings-Release-and-Conference-Call/default.aspx?utm_source=openai))
Recent developments have been constructive. In 2025 and early 2026, BNL continued to expand its build-to-suit development pipeline, including additional commitments announced in 2026. The company also increased its quarterly dividend late in 2025 and continued to use its at-the-market equity program, signaling ongoing capital-markets activity alongside portfolio growth. In its first-quarter 2026 update, BNL added roughly $30 million to its committed build-to-suit pipeline, underscoring its continued emphasis on industrial and retail development opportunities. For investors following a US-listed net lease REIT on the NYSE, Broadstone Net Lease remains a defensive real estate name with long-duration leases, moderate diversification, and a steady development-led growth profile. ([investors.bnl.broadstone.com](https://investors.bnl.broadstone.com/press-releases/news-details/2026/Broadstone-Net-Lease-Announces-First-Quarter-2026-Results-and-Adds-30-million-to-its-Committed-Pipeline-of-Build-to-Suit-Developments/default.aspx?utm_source=openai))
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