Welcome to our dedicated page for Broadstone Net Lease SEC filings (Ticker: BNL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Broadstone Net Lease, Inc. filings document regulatory disclosures for an industrial-focused net lease REIT, including operating and financial results, quarterly supplemental information, investor presentations, and material-event reports furnished on Form 8-K. These records describe BNL's portfolio of long-term net leased commercial real estate, tenant and lease metrics, investment activity, build-to-suit commitments, dividend information, and capital-structure matters connected to its REIT operations.
Proxy materials and other governance filings cover board matters, shareholder voting items, executive compensation, equity awards, ownership disclosures, and related governance practices. The filing record also includes Regulation FD and shareholder communication disclosures relevant to BNL's property portfolio, financing activities, and public-company reporting obligations.
Broadstone Net Lease, Inc. has issued its 2026 proxy for a fully virtual annual meeting on April 30, 2026. Stockholders will vote on electing nine directors, approving 2025 executive pay in an advisory say‑on‑pay vote, and ratifying Deloitte & Touche LLP as auditor for 2026.
The proxy highlights 2025 performance: the company invested $748.4 million across acquisitions, build‑to‑suit developments and capital projects, maintained 99.8% occupancy, and collected 99.8% of base rent. It completed a public offering of $350.0 million 5.000% senior unsecured notes due 2032 and extended a $1.0 billion revolving credit facility to 2029 while adding a $500.0 million term loan.
Broadstone reported 2025 net income of $99.4 million or $0.50 per diluted share, FFO of $290.3 million or $1.46 per diluted share, Core FFO of $300.5 million or $1.51 per diluted share, and AFFO of $296.3 million or $1.49 per diluted share, a 4.2% increase versus 2024. Year‑end total debt and Net Debt were $2.5 billion, with Net Debt to Annualized Adjusted EBITDAre of 6.0x.
Broadstone Net Lease, Inc. reported that SVP of Human Resources & Admin Molly Wiegel received a grant of 9,917 shares of common stock, issued after the company determined performance criteria were achieved for a three-year period ending February 28, 2026. To cover related tax obligations at vesting, 3,576 shares were withheld by the company at $18.97 per share, rather than sold in the open market. Following these transactions, Wiegel directly holds 72,296.72 shares of common stock, which includes 40,021 shares of unvested restricted stock under the company’s 2020 Omnibus Equity and Incentive Plan.
Broadstone Net Lease, Inc. reported equity compensation activity for SVP and Chief Accounting Officer Jennie O'Brien. She received 9,917 shares of common stock at $0.00 per share as a grant tied to performance-based awards for a three-year period ending February 28, 2026, originally granted on February 28, 2023. To cover related tax obligations, 3,576 shares of common stock were withheld by the company at $18.97 per share, rather than sold on the open market. After these transactions, O'Brien directly holds 78,043.794 shares of common stock, which includes 50,077 shares of unvested restricted stock under the company's 2020 Omnibus Equity and Incentive Plan.
Broadstone Net Lease, Inc. senior vice president Michael B. Caruso reported equity compensation tied to long-term performance. He received 12,397 shares of common stock at no cost upon achieving specified criteria for a three-year performance period that ended on February 28, 2026, from awards granted on February 28, 2023.
To cover related tax obligations, the company withheld 4,470 shares valued at $18.97 per share, treated as a disposition but not an open-market sale. After these transactions, Caruso directly holds 112,947 shares of common stock, which includes 69,293 shares of unvested restricted stock, reflecting a substantial ongoing equity stake aligned with company performance.
Broadstone Net Lease, Inc. reported that SVP & General Counsel John Callan received a grant of 12,397 shares of common stock, issued after achievement of performance criteria for a three-year period ending February 28, 2026. To cover related tax obligations, 4,470 shares were withheld by the company at a price of $18.97 per share. Following these transactions, Callan directly owns 104,140 shares of common stock, which includes 63,612 shares of unvested restricted stock, held jointly with his spouse with shared voting and investment power.
Broadstone Net Lease, Inc. reported that EVP, CFO & Treasurer Kevin Fennell received a grant of 55,778 shares of common stock on performance-based awards that covered a three-year period ending on February 28, 2026. These shares were issued upon determination that specified performance criteria tied to awards granted on February 28, 2023 were achieved.
On the same date, 28,475 shares were withheld by the company at a price of $18.97 per share to cover his tax obligations related to the vesting of equity under the 2020 Omnibus Equity and Incentive Plan. After these transactions, he held 220,036.11 shares of common stock directly, including 133,950 shares of unvested restricted stock.
Broadstone Net Lease, Inc. President & COO Ryan M. Albano reported an equity compensation event involving the company’s common stock. He received 111,557 shares at no cost, issued after the company determined performance criteria were achieved for a three-year period ending on February 28, 2026, tied to performance-based awards granted on February 28, 2023.
On the same date, 56,950 shares were withheld by the company at $18.97 per share to cover his tax obligations related to the vesting of awards under the company’s 2020 Omnibus Equity and Incentive Plan. Following these transactions, he directly owns 400,605 shares of common stock, which includes 183,089 shares of unvested restricted stock.
Broadstone Net Lease, Inc. CEO John David Moragne reported equity compensation and related tax withholding in company stock. He received a grant of 148,741 shares of common stock at no cash cost, issued after achieving performance goals for a three-year period ending February 28, 2026.
To cover tax obligations from vesting under the 2020 Omnibus Equity and Incentive Plan, 75,933 shares were withheld by the company at a price of $18.97 per share. After these transactions, he directly holds 576,550 shares of common stock, including 337,517 unvested restricted shares that are held jointly with his spouse with shared voting and investment power.
Broadstone Net Lease, Inc. reported routine equity compensation activity for executive Molly Wiegel, its SVP of Human Resources & Administration. On March 2, 2026, 2,513 shares of common stock were disposed of through tax-withholding at a price of $19.39 per share to cover her tax obligations on vesting stock awards.
On the same date, Wiegel received a grant of 6,208 shares of restricted common stock at no purchase price, awarded under the company’s 2020 Omnibus Equity and Incentive Plan. These restricted shares vest in four equal annual installments on or about each anniversary of February 28, 2026. After these transactions, her directly held balance increased to 65,955.72 shares, which includes 40,021 unvested restricted shares.