secwatch.observer — SEC 8-K summary
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Issuer:     Broadstone Net Lease, Inc. (BNL)
CIK:        0001424182
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000950170-24-051278
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 $0.36/share; dividend raised to $0.29; revises 2024 AFFO guidance to $1.41-$1.43
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424182/000095017024051278/0000950170-24-051278-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424182/000095017024051278/bnl-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-051278

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