secwatch.observer — SEC 8-K summary
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Issuer:     Broadstone Net Lease, Inc. (BNL)
CIK:        0001424182
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0000950170-24-087917
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BNL Q2 AFFO $0.36, revenue $105.9M; maintains 2024 AFFO guidance $1.41-$1.43
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- Net income $35.9M ($0.19/sh); AFFO $70.4M ($0.36/sh), up from $0.35 in Q2 2023.
- Revenue $105.9M, down 3.1% YoY; portfolio 99.3% leased with 777 properties.
- Healthcare simplification: sold 5 properties for $30.8M in July; remaining 10 for $49.5M in Oct 2024.
- 2024 AFFO guidance unchanged $1.41-$1.43; investment range raised to $400-700M; G&A guidance lowered.
- Entered $460M forward interest rate swaps at 3.73% fixed, hedging revolver and replacing maturing swaps.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424182/000095017024087917/0000950170-24-087917-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424182/000095017024087917/bnl-20240730.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-087917

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