---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-104540"
form_type: "8-K"
ticker: "BNL"
cik: "0001424182"
company_name: "Broadstone Net Lease, Inc."
filed_at: "2024-09-09T23:59:59+00:00"
generated_at: "2026-05-31T05:52:37.196477+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Broadstone Net Lease updates on $375.6M YTD investments; Red Lobster leases assumed

## Summary
- Invested $375.6M YTD: $234.3M acquisitions, $86.1M development fundings, $52.2M transitional capital, $3.0M capex.
- Committed $453.7M to fund developments; sold 2.0M ATM shares forward for ~$36.5M gross proceeds, unsettled.
- UNFI build-to-suit rent commenced; UNFI to become #2 tenant by ABR with ~$25.1M closeout expenses expected Q4 2024.
- Red Lobster bankruptcy resolved; all 18 locations (1.6% of ABR) assumed under master lease, operations continue.
- CEO cites positive momentum; development pipeline provides accretive growth through 2025 and 2026.

## SEC filing metadata
- accession: 0000950170-24-104540
- form_type: 8-K
- ticker: BNL
- cik: 0001424182
- company_name: Broadstone Net Lease, Inc.
- filed_at: 2024-09-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424182/000095017024104540/0000950170-24-104540-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424182/000095017024104540/bnl-20240909.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-104540
- JSON: https://secwatch.observer/filing/0000950170-24-104540.json
- Plain text: https://secwatch.observer/filing/0000950170-24-104540.txt

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