🇺🇸 SECBroadstone Net Lease Inc.Qwen · 实盘不做把握 9/10不做原因:风险收益比不佳
北京时间·🕒 发布 04:12:59·⟳ 抓取 04:13:58 +59s·⚡ 决策 08-26 04:16:14 +2m16s·62.7 天前
Broadstone Net Lease新增2300万美元定制开发管线(Hobby Lobby和Academy Sports两处零售物业)
BNL是拥有766处物业的中型net lease REIT,本次新增$23M管线仅占估计市值的约0.6%,年租金增量约$1.6M,对FFO/股影响可忽略不计。这是REIT日常业务扩张的例行披露,不构成能推动股价重定价的催化剂。经验检查表(地产类看回款/利用率/准许回报)确认:合同额极小、回报机制为常规7.1% cap rate,无超额惊喜。
📄 原文Broadstone Net Lease Inc.↗ 原文
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不做 Broadstone Net Lease(BNL.US)
事件materiality极低:$23M新增管线仅占估计市值约0.6%,年租金增量约$1.6M,对FFO影响可忽略。这是REIT日常业务扩张的例行Reg FD披露,无超额惊喜、无指引变化,不构成能推动股价重定价的催化剂,风险回报比不支持交易。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
结论摘要
BNL于2026年8月25日盘后披露8-K,宣布新增两处build-to-suit零售物业(Hobby Lobby和Academy Sports),合计投资约$23M,cap rate约7.1%,2027Q2交付。BNL是拥有766处物业、估计市值$3-4B的中型net lease REIT,$23M仅占市值约0.6%,年租金增量约$1.6M对FFO影响可忽略。这属于REIT日常管线扩张的例行Reg FD披露,无超额惊喜、无指引变化、无重大客户集中风险变化,不构成可交易催化。
🔎 新鲜度:最早出现 2026-08-25 · 扩散 low · price-in 风险 low ↗
先例如何影响了这次决策
对本次决策的影响:因事件金额($23M)相对公司市值(估计$3-4B)仅约0.6%,不构成可交易催化,先例研究不改变结论
方向:不适用——事件materiality不足,无需先例校准
涨幅量级:不适用
形态:不适用
工具调用 · 历史记录,结果未知(4 种)
- fetch_decision_experience · 结果未知
- search_processed_events · 结果未知
- stock_quote · 结果未知
- search_case_library · 结果未知
原文全文
展开原文 · 59,117 字
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ACCESSION NUMBER: 0001424182-26-000072
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 13
CONFORMED PERIOD OF REPORT: 20260825
ITEM INFORMATION: Regulation FD Disclosure
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20260825
DATE AS OF CHANGE: 20260825
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Broadstone Net Lease, Inc.
CENTRAL INDEX KEY: 0001424182
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
ORGANIZATION NAME: 05 Real Estate & Construction
EIN: 261516177
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39529
FILM NUMBER: 261315916
BUSINESS ADDRESS:
STREET 1: 207 HIGH POINT DRIVE
CITY: VICTOR
STATE: NY
ZIP: 14564
BUSINESS PHONE: 585-287-6500
MAIL ADDRESS:
STREET 1: 207 HIGH POINT DRIVE
CITY: VICTOR
STATE: NY
ZIP: 14564
FORMER COMPANY:
FORMER CONFORMED NAME: Broadstone Net Lease Inc
DATE OF NAME CHANGE: 20080116
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20260825161259
ACCESSION NUMBER: 0001424182-26-000072
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 13
CONFORMED PERIOD OF REPORT: 20260825
ITEM INFORMATION: Regulation FD Disclosure
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20260825
DATE AS OF CHANGE: 20260825
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Broadstone Net Lease, Inc.
CENTRAL INDEX KEY: 0001424182
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
ORGANIZATION NAME: 05 Real Estate & Construction
EIN: 261516177
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39529
FILM NUMBER: 261315916
BUSINESS ADDRESS:
STREET 1: 207 HIGH POINT DRIVE
CITY: VICTOR
STATE: NY
ZIP: 14564
BUSINESS PHONE: 585-287-6500
MAIL ADDRESS:
STREET 1: 207 HIGH POINT DRIVE
CITY: VICTOR
STATE: NY
ZIP: 14564
FORMER COMPANY:
FORMER CONFORMED NAME: Broadstone Net Lease Inc
DATE OF NAME CHANGE: 20080116
8-K
1
bnl-20260825.htm
8-K
bnl-20260825
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):
August 25, 2026
________________________________________________________
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 August 25, 2026, Broadstone Net Lease, Inc. (the “Company”) issued a press release that included an update on recent business activity. 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 August 25, 2026
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:
August 25, 2026
By:
/s/ John D. Callan
Name: John D. Callan
Title: Senior Vice President, General Counsel and Secretary
EX-99.1
2
august2026pressrelease-man.htm
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Document
EXHIBIT 99.1
For Immediate Release
August 25, 2026
Company Contact:
Brent Maedl
Director, Corporate Finance & Investor Relations
brent.maedl@broadstone.com
585.382.8507
Broadstone Net Lease Adds $23 Million to its Committed Pipeline of Build-to-Suit Developments
VICTOR, N.Y.
– Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL”, the “Company”, “we”, “our”, or “us”), announced today that we have secured the land and started construction on two additional build-to-suit developments for Hobby Lobby and Academy Sports, both of which were directly sourced, off-market transactions, and are expected to deliver in the second quarter of 2027.
BUILD-TO-SUIT DEVELOPMENT UPDATE
The following table summarizes the recently added build-to-suit developments for Hobby Lobby and Academy Sports:
(in thousands)
Property
Total Rentable Square Feet
Start Date
Target Stabilization Date
Lease Term (Years)
Annual Rent Escalations
Estimated Total Project Investment
Cumulative Investment
Estimated Remaining Investment
Estimated Cash Capitalization Rate
Estimated Straight-line Yield
1
In-process retail:
Hobby Lobby
(Manor, TX)
55
Aug. 2026
Jun. 2027
15.0
0.5
%
$
10,339
$
1,633
$
8,706
7.1
%
7.4
%
Academy Sports
(Manor, TX)
55
Aug. 2026
Jun. 2027
15.0
0.4
%
$
12,437
$
2,181
$
10,256
7.1
%
7.3
%
1
Represents our pro-rata share of the estimated first year yield to be generated on a real estate investment, which was computed at the time of investment based on the estimated annual straight-line rental income computed in accordance with GAAP, divided by the estimated total project investment.
About Broadstone Net Lease, Inc.
BNL is an industrial-focused, diversified net lease REIT that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. Utilizing an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting, as of June 30, 2026, BNL’s diversified portfolio consisted of 766 individual net leased commercial properties with 759 properties located in 44 U.S. states and seven properties located in four Canadian provinces across the industrial, retail, and other property types.
Forward-Looking Statements
This press release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies, and prospects, both business and financial. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “outlook,” “potential,” “may,” “will,” “should,” “could,” “seeks,” “approximately,” “projects,” “predicts,” “expect,” “intends,” “anticipates,” “estimates,” “plans,” “would be,” “believes,” “continues,” or the negative version of these words or other comparable words. Forward-looking statements, including our 2026 guidance and assumptions, rent commencement timing, and build-to-suit developments, involve known and unknown risks and uncertainties, which may cause BNL’s actual future results to differ materially from expected results, including, without limitation, risks and uncertainties related to general economic conditions, including but not limited to increases in the rate of inflation and/or fluctuation of interest rates, local real estate conditions, tenant financial health, property investments and acquisitions, and the timing and uncertainty of completing these property investments and acquisitions, and uncertainties regarding future distributions to our stockholders. These and other risks, assumptions, and uncertainties are described in Item 1A “Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 19, 2026 which you are encouraged to read, and is available on the SEC’s website at www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. The Company assumes no obligation to, and does not currently intend to, update any forward-looking statements after the date of this press release, whether as a result of new information, future events, changes in assumptions, or otherwise.
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XML
8
R1.htm
IDEA: XBRL DOCUMENT
Cover
Aug. 25, 2026
Cover [Abstract]
Document Type
8-K
Document Period End Date
Aug. 25, 2026
Entity Registrant Name
BROADSTONE NET LEASE, INC.
Entity Incorporation, State or Country Code
MD
Entity File Number
001-39529
Entity Tax Identification Number
26-1516177
Entity Address, Address Line One
207 High Point Drive
Entity Address, Address Line Two
Suite 300
Entity Address, City or Town
Victor
Entity Address, State or Province
NY
Entity Address, Postal Zip Code
14564
City Area Code
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CITY: VICTOR
STATE: NY
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8-K
1
bnl-20260825.htm
8-K
bnl-20260825
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):
August 25, 2026
________________________________________________________
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 August 25, 2026, Broadstone Net Lease, Inc. (the “Company”) issued a press release that included an update on recent business activity. 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 August 25, 2026
104
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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:
August 25, 2026
By:
/s/ John D. Callan
Name: John D. Callan
Title: Senior Vice President, General Counsel and Secretary
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EXHIBIT 99.1
For Immediate Release
August 25, 2026
Company Contact:
Brent Maedl
Director, Corporate Finance & Investor Relations
brent.maedl@broadstone.com
585.382.8507
Broadstone Net Lease Adds $23 Million to its Committed Pipeline of Build-to-Suit Developments
VICTOR, N.Y.
– Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL”, the “Company”, “we”, “our”, or “us”), announced today that we have secured the land and started construction on two additional build-to-suit developments for Hobby Lobby and Academy Sports, both of which were directly sourced, off-market transactions, and are expected to deliver in the second quarter of 2027.
BUILD-TO-SUIT DEVELOPMENT UPDATE
The following table summarizes the recently added build-to-suit developments for Hobby Lobby and Academy Sports:
(in thousands)
Property
Total Rentable Square Feet
Start Date
Target Stabilization Date
Lease Term (Years)
Annual Rent Escalations
Estimated Total Project Investment
Cumulative Investment
Estimated Remaining Investment
Estimated Cash Capitalization Rate
Estimated Straight-line Yield
1
In-process retail:
Hobby Lobby
(Manor, TX)
55
Aug. 2026
Jun. 2027
15.0
0.5
%
$
10,339
$
1,633
$
8,706
7.1
%
7.4
%
Academy Sports
(Manor, TX)
55
Aug. 2026
Jun. 2027
15.0
0.4
%
$
12,437
$
2,181
$
10,256
7.1
%
7.3
%
1
Represents our pro-rata share of the estimated first year yield to be generated on a real estate investment, which was computed at the time of investment based on the estimated annual straight-line rental income computed in accordance with GAAP, divided by the estimated total project investment.
About Broadstone Net Lease, Inc.
BNL is an industrial-focused, diversified net lease REIT that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. Utilizing an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting, as of June 30, 2026, BNL’s diversified portfolio consisted of 766 individual net leased commercial properties with 759 properties located in 44 U.S. states and seven properties located in four Canadian provinces across the industrial, retail, and other property types.
Forward-Looking Statements
This press release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies, and prospects, both business and financial. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “outlook,” “potential,” “may,” “will,” “should,” “could,” “seeks,” “approximately,” “projects,” “predicts,” “expect,” “intends,” “anticipates,” “estimates,” “plans,” “would be,” “believes,” “continues,” or the negative version of these words or other comparable words. Forward-looking statements, including our 2026 guidance and assumptions, rent commencement timing, and build-to-suit developments, involve known and unknown risks and uncertainties, which may cause BNL’s actual future results to differ materially from expected results, including, without limitation, risks and uncertainties related to general economic conditions, including but not limited to increases in the rate of inflation and/or fluctuation of interest rates, local real estate conditions, tenant financial health, property investments and acquisitions, and the timing and uncertainty of completing these property investments and acquisitions, and uncertainties regarding future distributions to our stockholders. These and other risks, assumptions, and uncertainties are described in Item 1A “Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 19, 2026 which you are encouraged to read, and is available on the SEC’s website at www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. The Company assumes no obligation to, and does not currently intend to, update any forward-looking statements after the date of this press release, whether as a result of new information, future events, changes in assumptions, or otherwise.
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bnl-20260825_htm.xml
IDEA: XBRL DOCUMENT
0001424182
2026-08-25
2026-08-25
false
0001424182
8-K
2026-08-25
BROADSTONE NET LEASE, INC.
MD
001-39529
26-1516177
207 High Point Drive
Suite 300
Victor
NY
14564
585
287-6500
false
false
false
false
Common Stock, $0.00025 par value
BNL
NYSE
false
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