Broadstone Net Lease, Inc. 8K

Broadstone Net Lease, Inc. reported strong second quarter 2026 results, raised full-year AFFO guidance, expanded its build-to-suit development pipeline—including a major $303 million joint venture for a Fortune 20 tenant—and executed significant capital markets transactions, including a new $300 million term loan and forward equity issuances.

On July 29, 2026, Broadstone Net Lease, Inc. reported its operating and financial results for the quarter ended June 30, 2026, highlighting a 110% year-over-year increase in net income to $40.3 million ($0.21 per diluted share) and modest AFFO growth, along with active investment and capital markets activity including $91.5 million of second quarter investments (primarily build-to-suit developments), $62.0 million of property dispositions, forward equity sales under its ATM program, and the subsequent execution of a new $300 million senior unsecured delayed-draw term loan and pricing improvements on existing credit facilities. The company emphasized the significance of a previously announced $303 million build-to-suit joint venture development of an advanced technology facility in Colorado for a Fortune 20 investment-grade tenant, which is expected to become BNL’s largest tenant and to be meaningfully accretive to 2027–2028 earnings, and raised the midpoint of its full-year 2026 AFFO per share guidance to $1.56 on the strength of portfolio performance and an expanded 2026 investment pipeline of $600–$800 million. The quarter also featured strong operating metrics, including 99.9% rent collections, 2.2% same-store rental revenue growth, and a diversified 766-property net lease portfolio, while leverage stood at Net Debt to Annualized Adjusted EBITDAre of 6.4x (5.9x pro forma) with no material debt maturities until 2027 and an unchanged quarterly dividend of $0.2925 per share declared for payment in October 2026.

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CIK

1424182

Ticker

-

Form

8K

Source Type

sec

Accession

0001424182-26-000061

Alert Tier

6