secwatch.observer — SEC 8-K summary
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Issuer:     Broadstone Net Lease, Inc. (BNL)
CIK:        0001424182
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0000950170-25-061057
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BNL reports Q1 AFFO $0.36/share flat YoY; net income down 74% on lower gain on sale
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- Net income of $17.5M ($0.09 EPS), down 74.3% YoY due to $58.7M decrease in gain on sale of real estate.
- AFFO of $71.8M ($0.36 per diluted share), unchanged from Q1 2024; Core FFO also flat at $0.38.
- Portfolio 99.1% leased; collected 99.1% of base rents; invested $88.3M in Q1, including $59.0M acquisitions.
- Build-to-suit pipeline of $255.8M remaining to be funded through Q3 2026; six in-process projects.
- 2025 AFFO guidance reaffirmed at $1.45–$1.49 per diluted share; quarterly dividend declared at $0.29.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424182/000095017025061057/0000950170-25-061057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424182/000095017025061057/bnl-20250430.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-061057

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