---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-003762"
form_type: "8-K"
ticker: "BNL"
cik: "0001424182"
company_name: "Broadstone Net Lease, Inc."
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T04:34:57.720096+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Broadstone Net Lease Q4 AFFO $0.36/share, FY2022 AFFO $1.40, guides FY2023 AFFO $1.40-$1.42

## Summary
- Q4 AFFO $65.6M ($0.36/share), up 5.8% YoY; FY2022 AFFO $252.2M ($1.40/share), up 6.9% YoY.
- Q4 revenue $112.1M; FY2022 revenue $407.5M, up 6.4% from $382.9M in 2021.
- Invested $310.3M in Q4 at 6.7% cap rate; FY2022 invested $907.2M at 6.4% cap rate, 86 properties.
- Portfolio 99.4% leased, 804 properties; Net Debt/EBITDAre 5.2x; declared $0.275 dividend payable Apr 14.
- FY2023 AFFO guidance $1.40-$1.42 per share; expects $300-500M investments, $100-150M dispositions.

## SEC filing metadata
- accession: 0000950170-23-003762
- form_type: 8-K
- ticker: BNL
- cik: 0001424182
- company_name: Broadstone Net Lease, Inc.
- filed_at: 2023-02-22T23:59:59+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/1424182/000095017023003762/0000950170-23-003762-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424182/000095017023003762/bnl-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-003762
- JSON: https://secwatch.observer/filing/0000950170-23-003762.json
- Plain text: https://secwatch.observer/filing/0000950170-23-003762.txt

## Key facts
- Earnings Releases
  Broadstone Net Lease, Inc. reported the quarter ended December 31, 2022 results: revenue $ 112,135, net income $ 36,773, EPS $ 0.20.
  - Period: the quarter ended December 31, 2022
  - Revenue: $ 112,135
  - Net income: $ 36,773
  - EPS: $ 0.20
  - Result: reported results
  source text: Revenues $ 112,135 $ 103,524 $ 407,513 $ 382,876 Net income, including non-controlling interests $ 36,773 $ 28,709 $ 129,475 $ 109,528 Net earnings per share $ 0.20 $ 0.16 $ 0.72 $ 0.67
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424182/000095017023003762/0000950170-23-003762-index.htm
- Earnings Releases
  Broadstone Net Lease, Inc. reported the year ended December 31, 2022 results: revenue $ 407,513, net income $ 129,475, EPS $ 0.72.
  - Period: the year ended December 31, 2022
  - Revenue: $ 407,513
  - Net income: $ 129,475
  - EPS: $ 0.72
  - Result: reported results
  source text: Revenues $ 112,135 $ 103,524 $ 407,513 $ 382,876 Net income, including non-controlling interests $ 36,773 $ 28,709 $ 129,475 $ 109,528 Net earnings per share $ 0.20 $ 0.16 $ 0.72 $ 0.67
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424182/000095017023003762/0000950170-23-003762-index.htm

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