Broadstone sells $251.7M healthcare properties, builds $282.7M pipeline

Broadstone Net Lease, Inc.

Invested $40.1M in Q1, including $37.1M development for UNFI facility in Sarasota with ~7.2% stabilized yield.
Sold 37 healthcare properties for $251.7M at a 7.9% cap rate; healthcare now 13.4% of ABR.
Committed $282.7M: $202.8M acquisitions under control, $74.1M development, $5.8M capex.
Portfolio 99.2% leased, 99.0% rent collection; only 3 of 759 properties vacant.
Net proceeds from sale to be redeployed into investments under control; closings expected April-May 2024.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Broadstone Net Lease, Inc. reported preliminary financial results for the quarter ended March 31, 2024.

Period: the quarter ended March 31, 2024
Result: preliminary results

Exact text from the filing

Broadstone Net Lease, Inc. (NYSE: BNL) (“Broadstone,” “BNL,” the “Company,” “we,” “our,” or “us”), today provided a business update for the quarter ended March 31, 2024.

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Broadstone Net Lease, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-041065

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