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Broadstone Net Lease Inc 10-Q Filings

BNL NYSE

Every 10-Q that Broadstone Net Lease Inc (BNL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow BNL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BNL filings page.

Rhea-AI Summary

Broadstone Net Lease, Inc. generated higher profitability in early 2026, with net income of $40.3M for the quarter and $86.6M for the six months ended June 30, 2026, compared with $19.8M and $37.3M a year earlier. Lease revenues reached $122.3M in the quarter and $243.7M year‑to‑date, helped by $20.1M of gains on real estate sales and sharply lower impairment charges of $3.5M versus $28.1M in the prior‑year period. Operating cash flow was $134.3M, slightly below $150.7M a year earlier.

Total assets were $5.87B, including $4.98B of investment in rental property and $385.1M of property under development. Debt totaled $2.69B with a 4.12% weighted average interest rate after swaps, and equity was $3.01B. The company owned 766 net‑leased properties totaling about 41.7M square feet, essentially 100% leased with a 9.3‑year weighted average remaining lease term and contractual rent escalations on 96.8% of leases. Growth investments reached $263.4M across acquisitions, development, revenue‑generating capital expenditures, and transitional capital in the first half, alongside $163.8M of remaining commitments to 12 build‑to‑suit projects and an active at‑the‑market equity program.

Rhea-AI Summary

Broadstone Net Lease, an industrial‑focused net lease REIT, reported stronger 2026 results. For the six months ended June 30, lease revenues, net were $243,710 thousand, up from $221,677 thousand a year earlier, and net income rose to $86,647 thousand from $37,323 thousand. Diluted EPS increased to $0.45 from $0.19, helped by higher rental income, much lower impairment charges of $3,546 thousand versus $28,068 thousand, and $20,111 thousand of gains on property sales, partly offset by higher interest and depreciation expense.

Total assets were $5,865,290 thousand, including $4,983,899 thousand of investment in rental property, net, across 766 properties totaling about 41.7 million square feet. Debt consisted mainly of $2,634,351 thousand of unsecured borrowings and $40,640 thousand of mortgages; the weighted‑average borrowing rate was 4.12% including interest rate swaps. The unsecured revolving credit facility had $447,376 thousand drawn and $542.1 million available.

The company invested $126,223 thousand in acquisitions and increased property under development to $385,067 thousand, while disposing of 10 properties for $74,133 thousand in aggregate sale price. It declared quarterly distributions of $0.2925 per share and continued to use its at‑the‑market equity program via forward sales. Subsequent to quarter‑end, it arranged a new $300.0 million delayed‑draw term loan and reduced SOFR‑based margins on its credit facilities.

Rhea-AI Summary

Broadstone Net Lease, Inc. reported solid Q1 2026 growth, driven by higher rental income and no new property impairments. Lease revenues, net, rose to $121.4 million from $108.7 million, reflecting portfolio expansion and strong rent collections.

Net income increased to $46.4 million from $17.5 million, and earnings per share improved to $0.24 from $0.09. The company owned 773 properties totaling about 41.9 million square feet, with approximately 99.8% of the portfolio leased as of March 31, 2026.

Investment in rental property, net, grew to $5.0 billion, while total assets reached $5.85 billion. Broadstone carried $2.65 billion of debt and maintained a diversified tenant base, with no tenant contributing more than 3.8% of annualized base rent.

Rhea-AI Summary

Broadstone Net Lease (BNL) reported Q3 2025 results. Lease revenues, net were $114.2 million, up from $108.4 million a year ago. Net income attributable to BNL was $26.5 million and earnings per share were $0.14. Operating expenses rose to $63.4 million, including $7.0 million of impairment charges on seven properties.

For the nine months, lease revenues, net reached $335.8 million and net income attributable to BNL was $63.4 million. The company owned 759 properties at September 30, 2025. Year-to-date acquisitions totaled $319.0 million across 18 properties, while 23 dispositions generated $59.7 million of proceeds and a $4.2 million gain. Subsequent acquisitions added $100.2 million across two industrial assets.

BNL strengthened liquidity and extended maturities: it issued $350.0 million of 5.00% senior unsecured notes due 2032 and amended its revolving credit facility to mature March 31, 2029, adding a $500.0 million term loan due 2028. Cash from operating activities for the nine months was $214.9 million. Quarterly distributions of $0.290 per share and OP Unit were declared during 2025.