secwatch.observer — SEC 8-K summary
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Issuer:     Broadstone Net Lease, Inc. (BNL)
CIK:        0001424182
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000950170-23-017188
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadstone Net Lease Q1 AFFO $0.34 per share; affirms FY 2023 guidance $1.40-$1.42
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- Invested $20M in three properties at 7.0% cap rate; sold six properties for $94.3M at 5.4% cap rate, reducing office exposure to 5.8%.
- Net income $41.4M ($0.21 diluted EPS); AFFO $67.5M ($0.34 per share); revenue $119M.
- Board authorized $150M share repurchase program; none repurchased in Q1; quarterly dividend $0.28 declared.
- Affirmed FY 2023 AFFO guidance $1.40-$1.42 per share; investments $300-$500M; dispositions revised higher to $150-$200M.
- Portfolio 99.4% leased, 801 properties; net debt to annualized adjusted EBITDAre 5.1x; no debt maturities until 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424182/000095017023017188/0000950170-23-017188-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424182/000095017023017188/bnl-20230503.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-017188

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