---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-127765"
form_type: "8-K"
ticker: "BNL"
cik: "0001424182"
company_name: "Broadstone Net Lease, Inc."
filed_at: "2024-11-18T23:59:59+00:00"
generated_at: "2026-05-29T22:57:40.851167+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-127765
- form_type: 8-K
- ticker: BNL
- cik: 0001424182
- company_name: Broadstone Net Lease, Inc.
- filed_at: 2024-11-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424182/000095017024127765/0000950170-24-127765-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424182/000095017024127765/bnl-20241118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-127765
- JSON: https://secwatch.observer/filing/0000950170-24-127765.json
- Plain text: https://secwatch.observer/filing/0000950170-24-127765.txt

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