---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-051278"
form_type: "8-K"
ticker: "BNL"
cik: "0001424182"
company_name: "Broadstone Net Lease, Inc."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:38:18.855583+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Broadstone Net Lease Q1 AFFO $0.36/share; dividend raised to $0.29; revises 2024 AFFO guidance to $1.41-$1.43

## Summary
- Q1 revenues $105.4M (down 11% YoY); net income $68.2M ($0.35 EPS) vs $41.4M ($0.21) YoY.
- AFFO per share $0.36 vs $0.34 YoY; 2024 AFFO guidance raised to $1.41-$1.43 per diluted share.
- Invested $40.1M in Q1; post-quarter closed $162.3M in acquisitions; $121.8M under control.
- Sold 39 healthcare properties for $274M; healthcare exposure reduced from 17.6% to 13.4% of ABR.
- Quarterly dividend increased 1.8% to $0.29/share; stock repurchase program renewed for $150M through March 2025.

## SEC filing metadata
- accession: 0000950170-24-051278
- form_type: 8-K
- ticker: BNL
- cik: 0001424182
- company_name: Broadstone Net Lease, Inc.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424182/000095017024051278/0000950170-24-051278-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424182/000095017024051278/bnl-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-051278
- JSON: https://secwatch.observer/filing/0000950170-24-051278.json
- Plain text: https://secwatch.observer/filing/0000950170-24-051278.txt

## Key facts
- Earnings Releases
  Broadstone Net Lease, Inc. reported the quarter ended March 31, 2024 results: revenue $105,366, net income $68,177, EPS $0.35. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2024
  - Revenue: $105,366
  - Net income: $68,177
  - EPS: $0.35
  - Guidance: reaffirmed
  - Result: reported results
  source text: through March 2025. SUMMARIZED FINANCIAL RESULTS For the Three Months Ended (in thousands, except per share data) March 31, 2024 December 31, 2023 March 31, 2023 Revenues $ 105,366 $ 105,000 $ 118,992 Net income, including non-controlling interests $ 68,177 $ 6,797 $ 41,374 Net earnings per share – diluted $ 0.35 $ 0.03 $ 0.21 FFO $ 73,135 $ 69,443 $ 81,177
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424182/000095017024051278/0000950170-24-051278-index.htm

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