Broadstone Net Lease Announces Fourth Quarter and Full Year 2025 Results

VICTOR, N.Y. – Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL”, the “Company”, “we”, “our”, or “us”), today announced its operating results for the year and quarter ended December 31, 2025.

MANAGEMENT COMMENTARY

“2025 was an important year for Broadstone, highlighted by consistent execution and our return to growth through our differentiated strategy ” said John Moragne, BNL’s Chief Executive Officer. “We significantly advanced our build-to-suit pipeline, improving visibility to embedded revenue growth, navigated tenant-related headlines while driving same-store growth, and invested approximately $430 million in stabilized acquisitions sourced predominantly through direct relationships, all while maintaining tight control of expenses and growing cash flows. Our results in 2025 underscore the strength of our portfolio, our relationships, and our operating platform as we enter 2026 with momentum and a clear runway ahead.”

Click here to download a full PDF of the fourth quarter and full year 2025 earnings release.