Highest-materiality recent filing
Broadstone Net Lease announces $303M build-to-suit development for Fortune 20 tenant
Estimated total investment of $303M in joint venture to develop 112,000 sq ft advanced technology facility in Colorado.
Broadstone Net Lease Q1 AFFO $0.38/share, up 5.6% YoY; net income $46.4M
Net income $46.4M ($0.24 diluted EPS) vs $17.5M in prior-year quarter; AFFO $76.9M ($0.38/share) vs $71.8M.
Broadstone Net Lease adds two build-to-suit developments for $62.1M
Amazon.com warehouse in Sarasota, FL ($49.7M) and Academy Sports in Magnolia, TX ($12.4M) added.
Broadstone Net Lease Q4 AFFO $0.38 per share (+5.6% YoY); FY 2025 AFFO $1.49 per share
Full year net income $99.4M ($0.50 diluted EPS), down 41.9% YoY on lower gain on sale.
Broadstone Net Lease issues 2026 AFFO guidance of $1.53-$1.57; maintains 2025 outlook
Year-to-date invested $696.7M, including $416.6M acquisitions and $181.8M build-to-suit.
Broadstone Net Lease completes first MRO facility, adds $21M to build-to-suit pipeline
First MRO facility at Dayton airport for Sierra Nevada Corp reached substantial completion; rent commenced Nov 1, 2025.
Broadstone Net Lease Q3 AFFO $0.37/shr (+5.7% YoY); raises FY 2025 AFFO guidance to $1.49-$1.50
Net income $27.1M ($0.14/shr), down 26.3% YoY on higher interest and impairments.
Broadstone Net Lease closes $350M offering of 5.000% Senior Notes due 2032
$350M aggregate principal, 5.000% interest, maturity Nov 1, 2032.
BNL Q2 AFFO per share $0.38, up 5.6% YoY; raises full-year AFFO guidance to $1.48–$1.50
Net income $19.8M ($0.10 diluted EPS), down 44.8% YoY due to $8.1M increase in impairment.
Broadstone Net Lease adds three build-to-suit developments for $61.4 million
Three new projects: Palmer Distribution warehouse (Dallas MSA), AGCO warehouse (CA), Sprouts grocery store (Dallas MSA); $61.4M total investment.
BNL reports Q1 AFFO $0.36/share flat YoY; net income down 74% on lower gain on sale
Net income of $17.5M ($0.09 EPS), down 74.3% YoY due to $58.7M decrease in gain on sale of real estate.
Broadstone Net Lease adds $78.2M build-to-suit with Prologis; FCA US warehouse in pipeline
New $78.2M development partnership with Prologis (NYSE: PLD) for a build-to-suit industrial project.
Broadstone Net Lease closes $1.5B credit facilities, extends maturities on revolver and term loan
$1.0B revolver maturing March 2029 with two six-month extension options; $500M term loan maturing March 2028 replacing $400M due 2026.
BNL reports FY 2024 AFFO $1.43/share at top of guidance; guides FY 2025 $1.45-$1.49
FY 2024 net income $169.0M ($0.86/share), up 3.6% YoY; AFFO $282.0M ($1.43/share), at top end of guidance.
Broadstone Net Lease adds $117.4M in build-to-suit commitments, hires VP of Development
Added two new build-to-suit developments totaling ~$117.4M, including a 1.2M sq ft distribution warehouse for Southwire in Bremen, GA (expected delivery Q3 2026).
Broadstone Net Lease cuts build-to-suit commitments to $246.5M after tenant withdrawal
Estimated build-to-suit commitments reduced to $246.5M from $418.8M as of Oct 30, 2024.
Broadstone Net Lease Q3 AFFO $0.35/sh flat YoY; reaffirms FY AFFO guidance $1.41-$1.43
Q3 revenue $108.4M (-1% YoY); net income $37.3M ($0.19) vs $52.1M ($0.26) in Q3 2023.
Broadstone Net Lease updates on $375.6M YTD investments; Red Lobster leases assumed
Invested $375.6M YTD: $234.3M acquisitions, $86.1M development fundings, $52.2M transitional capital, $3.0M capex.
BNL Q2 AFFO $0.36, revenue $105.9M; maintains 2024 AFFO guidance $1.41-$1.43
Net income $35.9M ($0.19/sh); AFFO $70.4M ($0.36/sh), up from $0.35 in Q2 2023.
Broadstone provides healthcare portfolio sale update; total dispositions expected $342.5M
Sold 38 healthcare properties for $262.2M; pending sale of 15 more for $80.3M at 7.96% cap rate.
Broadstone Net Lease invests $255.4M YTD, sells 40 properties, notes Red Lobster bankruptcy
Invested $255.4M YTD: $193.6M in new properties, $58.8M development fundings, $3.0M revenue capex.
Q1 revenues $105.4M (down 11% YoY); net income $68.2M ($0.35 EPS) vs $41.4M ($0.21) YoY.
Broadstone sells $251.7M healthcare properties, builds $282.7M pipeline
Invested $40.1M in Q1, including $37.1M development for UNFI facility in Sarasota with ~7.2% stabilized yield.
Broadstone Net Lease 2023 AFFO $1.41/share; to sell 75 healthcare properties (11% of ABR)
Full-year 2023 AFFO $277.7M ($1.41/share), in line with guidance; net income $163.3M ($0.83/share).
Broadstone Net Lease Q3 net income $52.1M, AFFO $0.36/share, dividend raised to $0.285
Q3 net income $52.1M ($0.26 diluted EPS); AFFO $70.0M ($0.36/share), up from $0.35 in prior quarter.
Broadstone Net Lease Q2 net income $63.0M, AFFO $0.35/share; affirms FY guidance
Q2 2023 net income $63.0M ($0.32 EPS); revenue $109.4M, up 11.6% YoY.
Broadstone Net Lease Q1 AFFO $0.34 per share; affirms FY 2023 guidance $1.40-$1.42
Invested $20M in three properties at 7.0% cap rate; sold six properties for $94.3M at 5.4% cap rate, reducing office exposure to 5.8%.
On February 13, 2025, each of Denise Brooks-Williams and Shekar Narasimhan informed Broadstone Net Lease, Inc. (referred to herein as the “Company,” “we,” “our,” or “us”) that they would not stand for re-election as directors of the Company and that the decision not to stand for re-election did not involve any disagreement with the Company.
On February 13, 2025, each of Denise Brooks-Williams and Shekar Narasimhan informed Broadstone Net Lease, Inc. (referred to herein as the “Company,” “we,” “our,” or “us”) that they would not stand for re-election as directors of the Company and that the decision not to stand for re-election did not involve any disagreement with the Company.
On February 13, 2025, the Board appointed Richard Imperiale and Joseph Saffire as directors of the Company, effective as of the same day, to serve until the 2025 Annual Meeting.
On February 13, 2025, the Board appointed Richard Imperiale and Joseph Saffire as directors of the Company, effective as of the same day, to serve until the 2025 Annual Meeting.
Jennie O’Brien has been appointed as the Company’s Senior Vice President and Chief Accounting Officer, effective September 6, 2024.
On August 11, 2024, Timothy D. Dieffenbacher notified the Company of his decision to resign from his role as the Senior Vice President, Chief Accounting Officer, and Treasurer of the Company, effective September 6, 2024.
On February 27, 2024, Roderick A. Pickney notified the Company of his decision to resign from his role as the Senior Vice President, Acquisitions of the Company, effective March 15, 2024.
On February 27, 2024, Roderick A. Pickney notified the Company of his decision to resign from his role as the Senior Vice President, Acquisitions of the Company, effective March 15, 2024.
On January 18, 2023, Geoffrey Rosenberger informed Broadstone Net Lease, Inc. (referred to herein as the “Company,” “we,” “our,” or “us”) that he would not stand for re-election as a director of the Company and that his decision not to stand for re-election did not involve any disagreement with the Company.
(d) On January 17, 2023, the Company’s board of directors (the “Board”) appointed Jessica Duran and Laura Felice as directors of the Company, effective as of the same day, to serve until the 2023 Annual Meeting.
(d) On January 17, 2023, the Company’s board of directors (the “Board”) appointed Jessica Duran and Laura Felice as directors of the Company, effective as of the same day, to serve until the 2023 Annual Meeting.
the Board elected the Company’s Executive Vice President and Chief Operating Officer (“ COO ”), John Moragne, age 40, to succeed Mr. Czarnecki as CEO of the Company, effective on the Transition Effective Date.
Max materiality 0.75 · Median 0.60 · Most common event other_material