Broadstone Net Lease Management
Management criteria checks 2/4
Broadstone Net Lease's CEO is John Moragne, appointed in Feb 2023, has a tenure of 1.83 years. total yearly compensation is $4.20M, comprised of 13.7% salary and 86.3% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth $6.21M. The average tenure of the management team and the board of directors is 1.8 years and 3.6 years respectively.
Key information
John Moragne
Chief executive officer
US$4.2m
Total compensation
| CEO salary percentage | 13.7% |
| CEO tenure | 1.8yrs |
| CEO ownership | 0.2% |
| Management average tenure | 1.8yrs |
| Board average tenure | 3.6yrs |
Recent management updates
Recent updates
Broadstone Net Lease: Still Underestimated
Nov 23Broadstone Net Lease: 6% Yield, Dividend Growth, High Margin Of Safety
Oct 01Previous Thesis Panned Out, But Broadstone Net Lease Has More To Offer
Sep 17Broadstone Net Lease: Not All Industrial Is Created Equal
Sep 10Broadstone Net Lease: Meaningful Reorganization Progress And Strong Metrics Make It Buyable
Aug 12Broadstone Net Lease: Price Catches Up With Value
Jul 30Broadstone Net Lease: An Attractive Yield For Income Investors
Jul 08Here's Why We Think Broadstone Net Lease (NYSE:BNL) Is Well Worth Watching
Jun 22
Broadstone Net Lease: Higher For Longer Interest Rates Keeping The Stock Undervalued
Jun 03Broadstone Net Lease: Great Risk-To-Reward Ratio Accompanied By Top Business Metrics
May 27Broadstone Net Lease: Very Much Underestimated
May 21Broadstone Net Lease, Inc. Just Recorded A 103% EPS Beat: Here's What Analysts Are Forecasting Next
May 06Broadstone Net Lease: An Industrial REIT Powerhouse With A 7.8% Yield
Apr 16Broadstone Net Lease: A 7.5% Dividend And Cheap Valuation
Mar 28Broadstone Net Lease: Why We Prefer It Over Realty Income
Mar 10Broadstone Net Lease: A REIT To Consider For Post Rate Hikes
Feb 25Broadstone Net Lease: An Insulated Portfolio Protected From Rates And Turmoil
Feb 06Broadstone Net Lease: A Solid REIT Choice For 2024
Jan 03Here's Why We Think Broadstone Net Lease (NYSE:BNL) Might Deserve Your Attention Today
Dec 16Broadstone Net Lease: A Tempting ~7% Yielding Diversified REIT
Dec 12Earnings Beat: Broadstone Net Lease, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Nov 05Broadstone Net Lease: High Yield With A Limited Downside
Nov 03Broadstone Net Lease: High Dividend And Good Upside (Rating Upgrade)
Oct 24Broadstone Net Lease: 7.8% Yield, Cheap, Safe
Oct 01Broadstone Net Lease: A Spread Worth Considering
Sep 21Broadstone Net Lease: Over 20% Upside Potential With 7% Yielding Dividend
Aug 29Broadstone Net Lease: Safe, High Yield From This Diversified REIT
Jul 24Broadstone Net Lease: Enjoy A High Dividend Yield
Jun 28Broadstone Net Lease: This Nearly 7% Yielder Remains Attractive
Jun 13Top 3 High Yield Diversified REITs For H2 2023
May 23Broadstone Net Lease FFO of $0.36 misses by $0.03, revenue of $112.14M beats by $5.64M, guidance below consensus
Feb 22My Top 2023 Dividend Yield Monsters
Feb 13Broadstone Net Lease: A Great 7% Yield Flying Under The Radar
Nov 08Broadstone Net Lease reports Q3 rent collection results
Sep 28Broadstone Net Lease: A Near-Perfect Portfolio Limits The Upside Potential
Aug 17Broadstone Net Lease: Reprieve From Market Volatility
Jul 07CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$142m |
| Jun 30 2024 | n/a | n/a | US$156m |
| Mar 31 2024 | n/a | n/a | US$181m |
| Dec 31 2023 | US$4m | US$575k | US$155m |
| Sep 30 2023 | n/a | n/a | US$183m |
| Jun 30 2023 | n/a | n/a | US$161m |
| Mar 31 2023 | n/a | n/a | US$134m |
| Dec 31 2022 | US$2m | US$450k | US$122m |
| Sep 30 2022 | n/a | n/a | US$117m |
| Jun 30 2022 | n/a | n/a | US$119m |
| Mar 31 2022 | n/a | n/a | US$107m |
| Dec 31 2021 | US$2m | US$375k | US$102m |
| Sep 30 2021 | n/a | n/a | US$88m |
| Jun 30 2021 | n/a | n/a | US$68m |
| Mar 31 2021 | n/a | n/a | US$62m |
| Dec 31 2020 | US$2m | US$338k | US$51m |
Compensation vs Market: John's total compensation ($USD4.20M) is below average for companies of similar size in the US market ($USD6.67M).
Compensation vs Earnings: John's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
John Moragne (42 yo)
1.8yrs
Tenure
US$4,195,587
Compensation
Mr. John D. Moragne serves as CEO and Director at Broadstone Net Lease, Inc. since February 28, 2023. He had been an Executive Vice President, Chief Operating Officer of Broadstone Net Lease, Inc. since Au...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.8yrs | US$4.20m | 0.20% $ 6.2m | |
| President & COO | 1.8yrs | US$3.16m | 0.15% $ 4.6m | |
| Executive Vice President | 1.8yrs | US$2.20m | 0.084% $ 2.7m | |
| Senior VP | 6.3yrs | US$1.05m | 0.045% $ 1.4m | |
| Senior Vice President & Chief Accounting Officer | less than a year | no data | 0.028% $ 874.5k | |
| Senior Vice President of Human Resources & Administration | 4.8yrs | no data | 0.030% $ 953.1k | |
| Senior Vice President of Underwriting & Strategy | less than a year | no data | 0.050% $ 1.6m | |
| Senior Vice President of Acquisitions | less than a year | no data | 0.039% $ 1.2m |
1.8yrs
Average Tenure
41yo
Average Age
Experienced Management: BNL's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.8yrs | US$4.20m | 0.20% $ 6.2m | |
| Independent Director | 11.6yrs | US$192.50k | 0.031% $ 973.1k | |
| Independent Director | 3.6yrs | US$184.47k | 0.034% $ 1.1m | |
| Independent Director | 17.9yrs | US$176.44k | 0.0027% $ 84.0k | |
| Independent Director | 17.9yrs | US$182.50k | 0.059% $ 1.9m | |
| Independent Director | 3.6yrs | US$171.97k | 0.013% $ 413.1k | |
| Independent Chairman | 8.6yrs | US$241.97k | 0.066% $ 2.1m | |
| Independent Director | 1.9yrs | US$149.40k | 0.0070% $ 221.0k | |
| Independent Director | 1.9yrs | US$149.40k | 0.0070% $ 221.0k |
3.6yrs
Average Tenure
56yo
Average Age
Experienced Board: BNL's board of directors are considered experienced (3.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:44 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Broadstone Net Lease, Inc. is covered by 14 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Kim | BMO Capital Markets Equity Research |
| Michael Gorman | BTIG |
| James Sullivan | BTIG |