secwatch.observer — SEC 8-K summary
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Issuer:     Broadstone Net Lease, Inc. (BNL)
CIK:        0001424182
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000950170-24-118996
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadstone Net Lease Q3 AFFO $0.35/sh flat YoY; reaffirms FY AFFO guidance $1.41-$1.43
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- Q3 revenue $108.4M (-1% YoY); net income $37.3M ($0.19) vs $52.1M ($0.26) in Q3 2023.
- AFFO $70.2M ($0.35) vs $70.0M ($0.36) YoY; Core FFO $0.37/share flat.
- Portfolio 99% leased; 99.1% rent collected; healthcare exposure reduced to <10% ABR after $339M YTD dispositions.
- Development pipeline $418.8M remaining; sold 2.2M shares forward for $39M; net debt/EBITDAre 5.0x.
- FY 2024 AFFO guidance reaffirmed $1.41-$1.43; investment narrowed to $400-600M; G&A lowered to $31-33M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424182/000095017024118996/0000950170-24-118996-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424182/000095017024118996/bnl-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-118996

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