Broadstone Net Lease cuts build-to-suit commitments to $246.5M after tenant withdrawal

Broadstone Net Lease, Inc.

Estimated build-to-suit commitments reduced to $246.5M from $418.8M as of Oct 30, 2024.
Reduction caused by a prospective tenant shifting strategy after unanticipated executive leadership change.
Active under-construction commitments: $125.4M; additional commitments: $121.1M.
Total investment commitments including acquisitions and tenant capex: $264.4M.
CEO John Moragne, CFO Kevin Fennell to present at Nareit REITworld on Nov 19-20, 2024.

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