Broadstone Net Lease Issues $350 Million in Senior Notes Maturing in 2032
Public Offering Announcement: Broadstone Net Lease has priced a public offering of $350 million in 5.000% senior unsecured notes due 2032, with pricing set at 99.151% of the principal amount.
Use of Proceeds: The company plans to use the proceeds for potential acquisitions, repaying existing debts, and for general corporate and working capital purposes.
Closing Date: The offering is expected to close on September 26, 2025.
Financial Performance: Broadstone Net Lease has raised its 2025 AFFO guidance to $1.48–$1.50 per share, indicating growth in its build-to-suit pipeline.
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KBW Announces Q4 2025 Index Rebalancing with Changes Across Six Indices
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Broadstone Net Lease Expands Growth Strategy with Almost $700 Million in Investments for 2025
Year-End Update and 2026 Guidance: Broadstone Net Lease Inc. reported stable investment activity and a strong pipeline, reaffirming its 2025 adjusted funds from operations (AFFO) targets and projecting growth for 2026.
Investment and Capital Deployment: The company invested approximately $697 million in 2023, focusing on property acquisitions and development, while also making improvements to existing tenant properties.
Future Projections: BNL expects its 2026 AFFO to be between $1.53 and $1.57 per diluted share, with planned property investments and asset sales contributing to its financial outlook.
Market Performance: As of the latest publication, Broadstone Net Lease shares remained stable at $17.57, reflecting the company's ongoing strategic positioning in the real estate market.
