---
schema_version: "secwatch.filing_event.v1"
accession: "0001944366-26-000028"
form_type: "8-K"
ticker: null
cik: "0001944366"
company_name: "Blue Owl Real Estate Net Lease Trust"
filed_at: "2026-04-20T23:59:59+00:00"
generated_at: "2026-05-15T05:22:46.333206+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Blue Owl Real Estate Net Lease Trust reports March 31 NAV per share, sells $30.8M in Class I shares

## Summary
- Sold 2,892,023 Class I shares for gross proceeds of ~$30.8M at March 31 NAV per share.
- NAV per share: Class S $10.57, Class N $10.66, Class D $10.43, Class I $10.64 as of March 31, 2026.
- Total NAV of $8.82B across 831M shares/units; portfolio assets at fair value $12.2B across 3,896 properties.
- Portfolio weighted avg base lease term 19 years (39 years fully extended) with 2.2% annual escalations.
- 98.1% of real estate debt fixed; weighted avg interest rate 5.2%, LTV 33.1%; credit rating BBB from Morningstar DBRS.

## SEC filing metadata
- accession: 0001944366-26-000028
- form_type: 8-K
- cik: 0001944366
- company_name: Blue Owl Real Estate Net Lease Trust
- filed_at: 2026-04-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1944366/000194436626000028/0001944366-26-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1944366/000194436626000028/osnl-20260416.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001944366-26-000028
- JSON: https://secwatch.observer/filing/0001944366-26-000028.json
- Plain text: https://secwatch.observer/filing/0001944366-26-000028.txt

## Key facts
- Equity Issuances
  Blue Owl Real Estate Net Lease Trust issued 2,892,023 shares of common stock to feeder vehicles primarily created to hold the Company’s Class I common shares for gross proceeds of approximately $30.8 million.
  - Security: common stock
  - Shares: 2,892,023 shares
  - Purchaser: feeder vehicles primarily created to hold the Company’s Class I common shares
  - Consideration: gross proceeds of approximately $30.8 million
  source text: As of April 1, 2026, Blue Owl Real Estate Net Lease Trust (the “ Company ”, “ we ”, or “ us ”) sold 2,892,023 shares of its Class I common shares (with the final number of shares being determined on April 16, 2026) to feeder vehicles primarily created to hold the Company’s Class I common shares for gross proceeds of approximately $30.8 million, based on net asset value (“ NAV ”) per share as of March 31, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1944366/000194436626000028/0001944366-26-000028-index.htm

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