Broadstone Net Lease closes 12.65M share offering at $20.50 via forward sales

Broadstone Net Lease, Inc.

11,000,000 shares at $20.50; underwriters' option for 1,650,000 exercised in full, totaling 12,650,000 shares.
Offering closed Aug 10, 2026; forward sale agreements mean no initial proceeds to company.
Forward sale price $19.7825/share; settlement expected by Sept 30, 2027, with cash proceeds upon delivery.
Underwriters: Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as representatives.
Company may elect cash or net share settlement; forward agreements subject to early termination.

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