---
schema_version: "secwatch.filing_event.v1"
accession: "0001424182-26-000005"
form_type: "8-K"
ticker: "BNL"
cik: "0001424182"
company_name: "Broadstone Net Lease, Inc."
filed_at: "2026-02-18T23:59:59+00:00"
generated_at: "2026-05-16T01:59:59.828812+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Broadstone Net Lease Q4 AFFO $0.38 per share (+5.6% YoY); FY 2025 AFFO $1.49 per share

## Summary
- Full year net income $99.4M ($0.50 diluted EPS), down 41.9% YoY on lower gain on sale.
- Full year AFFO $296.3M ($1.49/share), up 4.2% YoY; same store rental revenue grew 2.0%.
- Q4 AFFO $75.8M ($0.38/share); same store rent growth 2.9%; 100% rent collection.
- Invested $748.4M in 2025; portfolio 99.8% leased; Gardner White assumed American Signature leases.
- Quarterly dividend raised to $0.2925/share; FY 2026 AFFO guidance reiterated $1.53-$1.57.

## SEC filing metadata
- accession: 0001424182-26-000005
- form_type: 8-K
- ticker: BNL
- cik: 0001424182
- company_name: Broadstone Net Lease, Inc.
- filed_at: 2026-02-18T23:59:59+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/1424182/000142418226000005/0001424182-26-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424182/000142418226000005/bnl-20260218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001424182-26-000005
- JSON: https://secwatch.observer/filing/0001424182-26-000005.json
- Plain text: https://secwatch.observer/filing/0001424182-26-000005.txt

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