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

Broadstone Net Lease Q4 revenue rises to $118.3 million; 2026 AFFO guidance unchanged

Positive Impact 3 of 5 earnings Written later

Broadstone Net Lease reported fourth-quarter 2025 revenue of $118.3 million, up from $112.1 million a year earlier, with net income of $35.0 million, or $0.17 per diluted share, versus $0.14 a year earlier. The company kept its 2026 AFFO guidance of $1.53 to $1.57 per diluted share unchanged, which signals no change in its outlook for shareholders, while full-year 2025 net income fell 41.9% to $99.4 million.

Key points

  • Q4 2025 revenue $118.3 million vs. $112.1 million in Q4 2024; net income $35.0 million, or $0.17 per diluted share, vs. $0.14
  • Q4 2025 AFFO $75.8 million, or $0.38 per diluted share, up 5.6% from the prior year
  • Full-year 2025 net income $99.4 million, or $0.50 per diluted share, down 41.9%, mainly due to a $60.6 million smaller gain on sale of real estate
  • 2026 AFFO guidance of $1.53 to $1.57 per diluted share unchanged; quarterly dividend declared at $0.2925 per share, payable April 15, 2026

The filing

CompanyBroadstone Net Lease (BNL)
Form8-K, current report
Filed with the SECFeb 18, 2026, 4:12 PM ET
Accession number0001424182-26-000005

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits 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 February 18, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.