---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-021239"
form_type: "8-K"
ticker: "BNL"
cik: "0001424182"
company_name: "Broadstone Net Lease, Inc."
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T13:15:43.470674+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Broadstone Net Lease Q3 AFFO $0.35/sh; dividend raised to $0.275; reaffirms FY22 guidance $1.38-$1.40

## Summary
- Q3 AFFO of $63.4M ($0.35/sh) up from $55.8M ($0.33/sh) YoY; net income $28.7M ($0.16/sh).
- Invested $204.5M in 27 properties at 6.5% initial cap rate; 85.8% industrial; post-Q3 invested $283.1M.
- Dividend raised to $0.275 per share; reaffirmed FY22 AFFO guidance $1.38-$1.40 per diluted share.
- Closed $500M new unsecured term loans; entered $270.7M forward equity; fixed SOFR on $260M swaps at 2.59%.
- Portfolio 99.3% leased; 100% rent collection; Net Debt/Ann. Adj. EBITDAre 5.5x (pro forma 4.8x).

## SEC filing metadata
- accession: 0000950170-22-021239
- form_type: 8-K
- ticker: BNL
- cik: 0001424182
- company_name: Broadstone Net Lease, Inc.
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424182/000095017022021239/0000950170-22-021239-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424182/000095017022021239/bnl-20221102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-021239
- JSON: https://secwatch.observer/filing/0000950170-22-021239.json
- Plain text: https://secwatch.observer/filing/0000950170-22-021239.txt

## Key facts
- Earnings Releases
  Broadstone Net Lease, Inc. updated its Full Year 2022 guidance (reaffirmed).
  - Period: Full Year 2022
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Reaffirmed the guidance range for the 2022 full year and currently expect to report AFFO of between $1.38 and $1.40 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424182/000095017022021239/0000950170-22-021239-index.htm
- Earnings Releases
  Broadstone Net Lease, Inc. reported quarterly results: revenue $103,524, net income $28,709, EPS $0.16.
  - Period: quarterly
  - Revenue: $103,524
  - Net income: $28,709
  - EPS: $0.16
  - Result: reported results
  source text: Revenues $ 103,524 $ 98,013 $ 122,777 $ 295,378 $ 290,234 Net income, including non-controlling interests $ 28,709 $ 35,552 $ 30,522 $ 92,702 $ 77,302 Net earnings per share $ 0.16 $ 0.20 $ 0.18 $ 0.52 $ 0.48
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424182/000095017022021239/0000950170-22-021239-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.