secwatch.observer — SEC 8-K summary
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Issuer:     Broadstone Net Lease, Inc. (BNL)
CIK:        0001424182
Form:       8-K
Filed at:   2024-11-18T23:59:59+00:00
Accession:  0000950170-24-127765
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424182/000095017024127765/0000950170-24-127765-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424182/000095017024127765/bnl-20241118.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-127765

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