---
schema_version: "secwatch.filing_event.v1"
accession: "0001424182-25-000035"
form_type: "8-K"
ticker: "BNL"
cik: "0001424182"
company_name: "Broadstone Net Lease, Inc."
filed_at: "2025-10-29T23:59:59+00:00"
generated_at: "2026-05-17T01:37:14.446421+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Broadstone Net Lease Q3 AFFO $0.37/shr (+5.7% YoY); raises FY 2025 AFFO guidance to $1.49-$1.50

## Summary
- Net income $27.1M ($0.14/shr), down 26.3% YoY on higher interest and impairments.
- AFFO $0.37/shr, up 5.7% YoY; FY AFFO guidance raised to $1.49-$1.50/shr.
- Invested $203.9M in Q3 ($139.5M acquisitions + $41.0M build-to-suit); YTD $433M.
- Completed $350M 5% senior notes due 2032; declared quarterly dividend $0.29/shr.
- Portfolio 99.5% leased; resolved At Home & Claire's bankruptcies with all leases assumed.

## SEC filing metadata
- accession: 0001424182-25-000035
- form_type: 8-K
- ticker: BNL
- cik: 0001424182
- company_name: Broadstone Net Lease, Inc.
- filed_at: 2025-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424182/000142418225000035/0001424182-25-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424182/000142418225000035/bnl-20251029.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001424182-25-000035
- JSON: https://secwatch.observer/filing/0001424182-25-000035.json
- Plain text: https://secwatch.observer/filing/0001424182-25-000035.txt

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