Broadstone Net Lease invested $83.3 million quarter-to-date; term loan raised to $500 million
Broadstone Net Lease provided a June 2, 2025 business update that reports $83.3 million invested quarter-to-date and $171.7 million year-to-date. The company also said it exercised the remaining $100 million draw on its $400 million unsecured term loan, bringing the total to $500 million, and that CEO John Moragne and CFO Kevin Fennell will present at Nareit's REITweek 2025 conference on June 3 and June 4, 2025. The filing contains no earnings or guidance figures.
Key points
- Quarter-to-date investments of $83.3 million: $54.7 million in new property acquisitions and $28.6 million in build-to-suit developments
- Year-to-date investments of $171.7 million, with $191.6 million of new property acquisitions under control as of the release date
- Remaining $100 million draw exercised on the $400 million unsecured term loan maturing in 2028, raising it to $500 million; proceeds repaid revolving credit facility borrowings
- Collected 99.1% of base rents due year-to-date for properties under lease; two healthcare assets sold for $5.5 million gross proceeds in the quarter
The filing
Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 02, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.