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AI brief of an SEC Form 8-K · Broadstone Net Lease (BNL)

Broadstone Net Lease raises 2025 AFFO outlook to $1.48-$1.50; Q2 net income falls 44.8%

Mixed Impact 4 of 5 guidance Written later

Broadstone Net Lease reported second-quarter 2025 revenue of $113.0 million, up from $105.9 million a year earlier, and AFFO of $74.3 million, or $0.38 per diluted share. The company raised its full-year 2025 AFFO guidance to $1.48 to $1.50 per diluted share from $1.45 to $1.49, but net income fell 44.8% to $19.8 million, mainly due to an $8.1 million increase in impairment provisions.

Key points

  • Q2 2025 revenue was $112,986 thousand versus $105,907 thousand in Q2 2024
  • Q2 2025 net income was $19.8 million, or $0.10 per diluted share, down 44.8% year over year
  • AFFO was $74.3 million, or $0.38 per diluted share, up 5.6% year over year
  • Quarterly dividend declared at $0.29 per share, payable on or before October 15, 2025

The filing

CompanyBroadstone Net Lease (BNL)
Form8-K, current report
Filed with the SECJul 30, 2025, 4:12 PM ET
Accession number0001424182-25-000018

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 July 30, 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.