Performance Information

Performance Information

A history of dependable yield and attractive total return

  • Investment grade credit rating (Baa3 with stable outlook) from Moody’s
  • 6.0% annualized cash yield, 6.3% assuming dividend reinvestment (based on current share price in effect for November and December 2018 and January 2019 equity closings), paid monthly
  • Determined Share Value (DSV) has increased 22 times since inception, from $50 to $86*
  • Annual distribution per share has increased 10 times since inception, from $3.50 to $5.16**
Past performance does not guarantee future results. All performance data is net of fees and expenses. Please view an important list of disclosures and risk factors.
*$86 DSV in effect for equity closings in November and December 2018 and January 2019. On a quarterly basis, BNL’s Independent Directors Committee establishes and approves the Determined Share Value (DSV), which is based on the net asset value (NAV) of our portfolio, input from management and third-party consultants, and other such factors as the Independent Directors Committee may determine. Please see the Private Placement Memorandum (PPM) for further details regarding the valuation and DSV determination process.
**Annual distribution per share is not guaranteed and is determined at the discretion of the Broadstone Net Lease, Inc. Board of Directors.

Total Return for Shareholders

The Average Annual Total Compounded Returns is prepared on a rolling 12-month basis and assumes dividend reinvestment. For example, the total return figure for the one-year period (top chart) covers the period from September 30, 2017 to September 30, 2018. The Calendar Year Total Returns assume dividend reinvestment on all dividends paid throughout the calendar year. Performance data represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance data presented. BNL is not required by law to follow any standard methodology when calculating and representing performance data. All performance data above is presented net of fees. The performance of BNL may not be directly comparable to the performance of other private or registered REITs. Please see the appendix of this document for important definitions and calculation methodologies.

Dividend Increases and Capital Appreciation

Note: Please see important information on how BNL’s DSV is calculated in the Investor Presentation. Effective March 24, 2016, Moody’s assigned BNL an investment grade credit rating (Baa3 with stable outlook), which was reaffirmed in March 2017 and April 2018.

Growth of $250K Since Inception

Total Value of BNL Shares assumes $250,000 investment at Broadstone Net Lease inception at a $50 DSV and reinvestment of dividends at 98% of determined share value after December 31, 2009. Performance data represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance data presented. BNL is not required by law to follow any standard methodology when calculating and representing performance data. The performance of BNL may not be directly comparable to the performance of other private or registered REITs. All data as of September 30, 2018.
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