secwatch.observer — SEC 8-K summary
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Issuer:     Broadstone Net Lease, Inc. (BNL)
CIK:        0001424182
Form:       8-K
Filed at:   2024-06-03T23:59:59+00:00
Accession:  0000950170-24-067979
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadstone Net Lease invests $255.4M YTD, sells 40 properties, notes Red Lobster bankruptcy
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- Invested $255.4M YTD: $193.6M in new properties, $58.8M development fundings, $3.0M revenue capex.
- Sold 40 properties for $276.1M at 7.8% cap rate; 38 were healthcare portfolio simplification.
- Portfolio 99.3% leased; rent collection 99.8% excluding Green Valley Medical Center.
- Red Lobster filed Ch.11; all 18 BNL locations (1.6% of ABR) remain operational.
- CEO and CFO to present at Nareit REITWeek on June 4, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424182/000095017024067979/0000950170-24-067979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424182/000095017024067979/bnl-20240603.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-067979

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer