secwatch.observer — SEC 8-K summary
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Issuer:     Broadstone Net Lease, Inc. (BNL)
CIK:        0001424182
Form:       8-K
Filed at:   2026-02-18T23:59:59+00:00
Accession:  0001424182-26-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424182/000142418226000005/0001424182-26-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424182/000142418226000005/bnl-20260218.htm
  HTML page:      https://secwatch.observer/filing/0001424182-26-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer