secwatch.observer — SEC 8-K summary
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Issuer:     Broadstone Net Lease, Inc. (BNL)
CIK:        0001424182
Form:       8-K
Filed at:   2026-07-29T20:29:36+00:00
Accession:  0001424182-26-000061
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadstone Net Lease Q2 net income up 110%; announces $303M build-to-suit for Fortune 20 tenant; raises AFFO guidance
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- Net income $40.3M ($0.21 diluted EPS), up 110% YoY; AFFO $78.2M ($0.39/share), up 2.6% YoY.
- Subsequent to quarter-end, started $303M build-to-suit development for Fortune 20 investment-grade tenant; year-one cash yield ~8.5%, straight-line yield ~11.6%.
- Raised full-year 2026 AFFO per share guidance midpoint to $1.56 (range $1.55-$1.57); investment guidance raised to $600-$800M.
- Entered new $300M term loan maturing 2030; amended pricing grids to reduce margin by 5 bps; sold 2.2M shares forward at $20.77 for $45.5M gross proceeds.
- Quarterly dividend unchanged at $0.2925 per share; same-store rental revenue growth 2.2%; portfolio 100% leased with 9.3-year WALT.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424182/000142418226000061/0001424182-26-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424182/000142418226000061/bnl-20260729.htm
  HTML page:      https://secwatch.observer/filing/0001424182-26-000061

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