---
schema_version: "secwatch.filing_event.v1"
accession: "0001424182-25-000018"
form_type: "8-K"
ticker: "BNL"
cik: "0001424182"
company_name: "Broadstone Net Lease, Inc."
filed_at: "2025-07-30T23:59:59+00:00"
generated_at: "2026-05-17T22:57:04.020360+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BNL Q2 AFFO per share $0.38, up 5.6% YoY; raises full-year AFFO guidance to $1.48–$1.50

## Summary
- Net income $19.8M ($0.10 diluted EPS), down 44.8% YoY due to $8.1M increase in impairment.
- AFFO $74.3M ($0.38/sh), up 5.6% YoY; portfolio 99.1% leased; collected 99.6% of base rents.
- Raised 2025 AFFO guidance to $1.48–$1.50 per share from $1.45–$1.49 on strong performance.
- Invested $140.8M in Q2 including $63.3M build-to-suit; YTD investments total $229.1M.
- Quarterly dividend maintained at $0.29/share; Net Debt/Annualized Adjusted EBITDAre at 5.3x.

## SEC filing metadata
- accession: 0001424182-25-000018
- form_type: 8-K
- ticker: BNL
- cik: 0001424182
- company_name: Broadstone Net Lease, Inc.
- filed_at: 2025-07-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424182/000142418225000018/0001424182-25-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424182/000142418225000018/bnl-20250730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001424182-25-000018
- JSON: https://secwatch.observer/filing/0001424182-25-000018.json
- Plain text: https://secwatch.observer/filing/0001424182-25-000018.txt

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