Broadstone Net Lease, Inc. operates as an industrial-focused, diversified net lease REIT that owns and manages primarily single-tenant commercial properties leased on a long-term basis to a diversified tenant base. Company news commonly covers quarterly operating results, AFFO and rent metrics, portfolio occupancy, acquisitions, and build-to-suit development commitments across industrial, retail, and other property types in the United States and Canada.
Recurring updates also include dividend declarations and tax treatment, investor presentations, earnings-call schedules, guidance, tenant exposure, lease-term trends, and balance-sheet or capital-markets activity tied to BNL's real estate investment strategy.
Broadstone Net Lease (NYSE: BNL) reported third-quarter 2026 adjusted funds from operations of $0.39 per diluted share, up 5.4% year over year. Revenue was $121.9 million versus $114.2 million a year earlier; diluted earnings remained $0.14 per share. Same-store rental revenue grew 0.7%, and 99.9% of quarterly base rents had been collected.
BNL invested $236.6 million during the quarter and started three build-to-suit developments with estimated investment of $325.8 million. Its in-process development pipeline totaled $456.3 million. An August forward equity offering covered 12,650,000 shares at $20.50 each, with estimated gross proceeds of approximately $259.3 million. BNL also entered a $300 million delayed-draw term loan.
The quarterly dividend increased 0.9% to $0.295 per share. BNL expects full-year adjusted funds from operations of $1.55–$1.57 per diluted share and raised its investment and disposition assumptions.
Broadstone Net Lease (NYSE: BNL) will release its third-quarter 2026 financial and operating results after market close on October 28, 2026.
The results cover the quarter ended September 30, 2026. An earnings conference call and audio webcast will follow on October 29, 2026, at 11:00 a.m. Eastern Time.
Broadstone Net Lease (NYSE: BNL) has secured land and begun construction on two directly sourced, off‑market build-to-suit retail developments in Manor, Texas, for Hobby Lobby and Academy Sports, expected to deliver in the second quarter of 2027.
Each property totals 55,000 rentable square feet, with construction starting in August 2026 and target stabilization in June 2027. Both projects carry 15‑year lease terms with annual rent escalations of 0.5% for Hobby Lobby and 0.4% for Academy Sports. Estimated total project investments are $10.339 million and $12.437 million, respectively. According to Broadstone Net Lease, the developments are underwritten at an estimated 7.1% cash capitalization rate and estimated straight-line yields of 7.4% and 7.3%.
Broadstone Net Lease (NYSE: BNL) has priced an underwritten public offering of 11,000,000 common shares at $20.50 per share, in connection with forward sale agreements. Underwriters have a 30-day option to buy up to an additional 1,650,000 shares at the same price, less underwriting discounts and commissions.
The closing is expected on August 10, 2026, subject to customary conditions. BNL entered into forward sale agreements with Morgan Stanley & Co. LLC and JPMorgan Chase Bank, N.A. or affiliates, and will receive cash proceeds only upon future settlement, expected no later than September 30, 2027, which it plans to contribute to its operating company for investments, debt repayment and general corporate purposes.
Broadstone Net Lease (NYSE: BNL) announced the launch of an underwritten public offering of 11,000,000 common shares via forward sale agreements, with an expected 30‑day underwriters’ option for up to 1,650,000 additional shares. Morgan Stanley and J.P. Morgan are joint book‑running managers, and their affiliates, as forward purchasers, are expected to borrow and sell the shares in this offering.
BNL expects to physically settle the forward agreements on one or more dates it selects on or before September 30, 2027, delivering up to 12,650,000 shares in exchange for cash equal to the public offering price per share, less underwriting discounts and commissions, subject to adjustments. BNL will not initially receive proceeds; any future net proceeds are intended to be contributed to its operating partnership and used for investment activity, debt repayment, and general corporate and working capital purposes.
Broadstone Net Lease (NYSE: BNL) reported second quarter 2026 net income of $40.3 million, or $0.21 per diluted share, up 110% year over year, on revenues of $122.3 million. AFFO was $78.2 million, or $0.39 per diluted share, a 2.6% increase.
The company achieved 2.2% same-store rental revenue growth and collected 99.9% of base rents. It invested $91.5 million in the quarter, mainly in build-to-suit projects, and now has a committed build-to-suit pipeline of about $645 million.
BNL highlighted a joint venture to develop a $303 million advanced technology facility in Colorado for a Fortune 20 investment-grade tenant under a 15-year triple-net lease with 3% annual rent increases and projected year-one cash yield of 8.5%. Total debt was $2.7 billion, with Net Debt to Annualized Adjusted EBITDAre of 6.4x and pro forma 5.9x. The company entered a new $300 million delayed-draw term loan and modestly reduced credit facility margins.
For 2026, BNL raised full-year AFFO guidance to $1.55–$1.57 per diluted share and now expects $600–$800 million of investments and $100–$150 million of dispositions. The board declared a quarterly dividend of $0.2925 per share, unchanged.
Broadstone Net Lease (NYSE:BNL) entered a joint venture to develop a ~112,000 sq. ft. advanced technology facility in Colorado for a Fortune 20 investment-grade tenant.
BNL plans an estimated total investment of $303 million, with an initial 15-year triple-net lease, 3% annual rent escalations, and estimated year-one, year-two, and straight-line yields of 8.5%, 9.7%, and 11.6%, respectively.
Broadstone Net Lease (NYSE:BNL) will release financial and operating results for the quarter ended June 30, 2026, after market close on Wednesday, July 29, 2026.
An earnings conference call and audio webcast will follow on Thursday, July 30, 2026, at 11:00 a.m. Eastern Time.
Broadstone Net Lease (NYSE:BNL) added a new build-to-suit development for Tesla, a state-of-the-art sales, service, and delivery facility in Las Vegas.
The project totals about $39.8 million, covers 60,000 square feet, carries a 15-year lease, 3% annual rent escalations, and targets rent commencement in Q4 2027.
Broadstone Net Lease (NYSE: BNL) reported Q1 2026 results: net income $46.4M ($0.24 diluted), AFFO $76.9M ($0.38), and revenues of $121.4M. The company invested $171.9M in the quarter and added ~$30M to its committed build-to-suit pipeline, with ~$179.8M of remaining build-to-suit investments through Q4 2026. BNL declared a quarterly dividend of $0.2925 and reiterated 2026 AFFO guidance of $1.53–$1.57 per diluted share.