[8-K] Broadstone Net Lease, Inc. Reports Material Event

Rhea-AI Filing Summary

Broadstone Net Lease (NYSE: BNL) filed an 8-K reporting that it has commenced three additional build-to-suit developments with a combined investment commitment of $61.4 million. The disclosure, furnished under Item 7.01 (Reg FD), references a 24 July 2025 press release (Ex. 99.1) that contains operational details; those specifics are not included in the filing.

The projects expand BNL’s external growth pipeline and signal ongoing deployment of capital into long-term, net-leased real-estate assets. No changes to guidance, financing arrangements, or other financial metrics were provided, and the information is expressly not deemed “filed” for Exchange Act liability purposes.

Positive

• $61.4 million in new build-to-suit developments supports external growth strategy and may boost future rental revenue.

Negative

• None.

Insights

REIT Equity Analyst

TL;DR: $61.4 M of new build-to-suits is strategically positive but modest versus BNL’s $4 B+ portfolio.

The addition of three build-to-suit projects demonstrates management’s commitment to balance-sheet-funded external growth. While $61.4 million represents roughly 1.5 % of BNL’s gross real-estate assets, the bespoke structure of build-to-suits typically secures long initial lease terms, enhancing rent durability and tenant retention. Because the 8-K contains no funding or tenant details, impact on leverage, AFFO accretion, or sector diversification can’t yet be assessed. Overall, the announcement is incrementally positive and signals an active investment pipeline ahead of the next earnings release.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_____________________

FORM 8-K

_____________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 24, 2025

________________________________________________________

BROADSTONE NET LEASE, INC.

(Exact name of Registrant as Specified in Its Charter)

________________________________________________________

Maryland			001-39529			26-1516177
(State or Other Jurisdiction of Incorporation)			(Commission File Number)			(IRS Employer Identification No.)
207 High Point Drive Suite 300
Victor, New York						14564
(Address of Principal Executive Offices)						(Zip Code)

Registrant’s Telephone Number, Including Area Code:585 287-6500

(Former Name or Former Address, if Changed Since Last Report)

________________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.00025 par value

BNL

The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

On July 24, 2025, Broadstone Net Lease, Inc. (the “Company”) issued a press release announcing three additional build-to-suit developments for $61.4 million. A copy of the release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information set forth in this item 7.01 and in the attached Exhibit 99.1 is being “furnished” and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of Section 18, nor shall such information be deemed to be incorporated by reference in any filing pursuant to the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

INDEX TO EXHIBITS

Exhibit No.			Description
99.1			Press Release dated July 24, 2025
104			Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

									BROADSTONE NET LEASE, INC.
Date:			July 24, 2025			By:			/s/ John D. Callan
									Name: John D. Callan Title: Senior Vice President, General Counsel and Secretary

FAQ

What did Broadstone Net Lease announce on 24 July 2025?

The company disclosed three new build-to-suit developments totaling $61.4 million in committed investment.

Does the 8-K affect BNL’s current financial guidance?

No. The filing contains no updates to revenue, AFFO, or leverage guidance.

Is the information in Item 7.01 considered filed or furnished?

It is being furnished; therefore, it is not subject to Section 18 liability.

Where can I find more details about the developments?

See Exhibit 99.1, the press release dated 24 July 2025, which is incorporated by reference.

How large is the $61.4 million investment relative to BNL’s portfolio?

It represents roughly 1–2 % of BNL’s $4 billion+ gross real-estate assets (based on prior filings).