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Broadstone Net Lease Proposes Amendment to Company Charter

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (the “Company) today announced that the Company’s Board of Directors has determined that it is in the best interest of the Company and its stockholders to amend the Company’s Articles of Incorporation, as amended (the “Charter”), to provide that amendments to the Charter shall only require the approval of a majority of votes cast at a duly called meeting of the Company’s stockholders, with a customary carve-out that would retain a supermajority vote for amendments to the restrictions on transfer and ownership of shares in connection with complying with REIT ownership requirements. Continue reading

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Broadstone Net Lease, Inc. Schedules First Quarter 2021 Earnings Release and Conference Call

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL” or the “Company”) today announced that it will release its financial and operating results for the quarter ended March 31, 2021 after the market closes on Tuesday, May 4, 2021. The Company will host its earnings conference call and audio webcast on Wednesday, May 5, 2021, at 1:30 p.m. Eastern Time. Continue reading

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Broadstone Net Lease Announces Conversion of Class A Common Stock into Common Stock

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (NYSE: BNL), or the Company, an internally-managed real estate investment trust, today announced that all outstanding shares of its Class A Common Stock will automatically convert into Common Stock on a one-for-one basis and all shares of Common Stock will begin trading on the New York Stock Exchange, effective at 9:30 a.m. Eastern time on March 22, 2021. Continue reading

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Broadstone Net Lease, Inc. Schedules Fourth Quarter and Full Year 2020 Earnings Release and Conference Call

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL” or the “Company”) today announced that it will release its financial and operating results for the quarter and full year ended December 31, 2020 after the market closes on Wednesday, February 24, 2021. The Company will host its earnings conference call and audio webcast on Thursday, February 25, 2021, at 1:00 p.m. Eastern Time. Continue reading

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Broadstone Net Lease, Inc. Announces Tax Treatment of 2020 Dividends

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (NYSE: BNL), an internally-managed real estate investment trust (“BNL” or the “Company”), today announced the income tax allocation of 2020 common stock dividends, as shown in the table below. Stockholders are encouraged to consult with their own tax advisors regarding their specific tax treatment of any BNL dividends received. Continue reading

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Broadstone Net Lease, Inc. Receives ‘BBB’ (Stable) Rating from S&P Global Ratings

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL” or the “Company”) today announced that S&P Global Ratings (“S&P”) assigned the Company an initial credit rating of ‘BBB’ with a stable outlook. S&P is also assigning a ‘BBB’ rating to the Company’s operating subsidiary, Broadstone Net Lease, LLC and a ‘BBB’ issue-level rating to the Company’s outstanding senior unsecured notes. Continue reading

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Broadstone Net Lease, Inc. Provides Updates on Fourth Quarter Acquisitions and Collections and its Board of Directors

$100.3 million of acquisitions and 98.8% rent collections in Q4 2020

Following 15 years of service to Broadstone Net Lease, Chairman of the Board and Co-Founder, Amy L. Tait, to step down in May 2021. The Board intends to appoint Laurie A. Hawkes, currently BNL’s Lead Independent Director, as Chairman of the Board.

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (NYSE: BNL), an internally-managed real estate investment trust (“BNL” or the “Company”), today provided an update on its recent business activities. Continue reading