{"id":9580,"date":"2024-06-03T16:11:39","date_gmt":"2024-06-03T20:11:39","guid":{"rendered":"https:\/\/broadstone.com\/?p=9580"},"modified":"2024-06-03T16:11:39","modified_gmt":"2024-06-03T20:11:39","slug":"broadstone-net-lease-provides-an-update-on-recent-business-activity-and-announces-participation-at-nareits-reitweek-2024-investor-conference","status":"publish","type":"post","link":"https:\/\/broadstone.com\/broadstone-net-lease-provides-an-update-on-recent-business-activity-and-announces-participation-at-nareits-reitweek-2024-investor-conference\/","title":{"rendered":"Broadstone Net Lease Provides an Update on Recent Business Activity and Announces Participation at Nareit\u2019s REITWeek: 2024 Investor Conference"},"content":{"rendered":"
VICTOR, N.Y. <\/strong>\u2013 Broadstone Net Lease, Inc. (NYSE: BNL) (\u201cBroadstone,\u201d \u201cBNL,\u201d the \u201cCompany,\u201d \u201cwe,\u201d \u201cour,\u201d or \u201cus\u201d), today provided an update on its recent business activity through the month ended May 31, 2024. Additionally, the Company announced that BNL\u2019s CEO, John Moragne, and CFO, Kevin Fennell, will make a presentation regarding the Company at Nareit\u2019s REITweek: 2024 Investor Conference in New York, NY, on Tuesday, June 4, 2024, at 3:45 PM Eastern Time.<\/p>\n MAY 2024 BUSINESS UPDATE<\/strong><\/p>\n MANAGEMENT COMMENTARY<\/strong><\/p>\n \u201cWe continue to focus on maximizing current and future earnings through our four building blocks of growth: best-in-class portfolio rent escalations, revenue generating capital expenditures with existing tenants thanks to our industrial focus, development funding opportunities provided by the distressed lending environment, and a diversified acquisition pipeline,\u201d <\/em>said John Moragne, BNL’s Chief Executive Officer. \u201cOur portfolio also continues to perform well despite recent tenant credit events, we maintain a fortified and flexible balance sheet, and we remain focused on operational real estate expertise that\u2019s critical in today\u2019s macroeconomic environment.\u201d <\/em><\/p>\n About Broadstone Net Lease, Inc.<\/strong><\/p>\n BNL is an industrial-focused, diversified net lease REIT that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. Utilizing an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting, as of May 31, 2024, BNL\u2019s diversified portfolio consisted of 774 individual net leased commercial properties with 767 properties located in 44 U.S. states and seven properties located in four Canadian provinces across the industrial, restaurant, healthcare, retail, and office property types.<\/p>\n Forward-Looking Statements <\/strong><\/p>\n This press release contains \u201cforward-looking\u201d statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies, and prospects, both business and financial. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as \u201coutlook,\u201d \u201cpotential,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cseeks,\u201d \u201capproximately,\u201d \u201cprojects,\u201d \u201cpredicts,\u201d \u201cexpect,\u201d \u201cintends,\u201d \u201canticipates,\u201d \u201cestimates,\u201d \u201cplans,\u201d \u201cwould be,\u201d \u201cbelieves,\u201d \u201ccontinues,\u201d or the negative version of these words or other comparable words. Forward-looking statements, including our 2024 guidance and assumptions, involve known and unknown risks and uncertainties, which may cause BNL\u2019s actual future results to differ materially from expected results, including, without limitation, risks and uncertainties related to general economic conditions, including but not limited to increases in the rate of inflation and\/or interest rates, local real estate conditions, tenant financial health, property investments and acquisitions, and the timing and uncertainty of completing these property investments and acquisitions, and uncertainties regarding future distributions to our stockholders. These and other risks, assumptions, and uncertainties are described in Item 1A \u201cRisk Factors\u201d of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, which was filed with the SEC on February 22, 2024, which you are encouraged to read, and will be available on the SEC\u2019s website at www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. The Company assumes no obligation to, and does not currently intend to, update any forward-looking statements after the date of this press release, whether as a result of new information, future events, changes in assumptions, or otherwise.<\/p>\n","protected":false},"excerpt":{"rendered":" VICTOR, N.Y. \u2013 Broadstone Net Lease, Inc. (NYSE: BNL) (\u201cBroadstone,\u201d \u201cBNL,\u201d the \u201cCompany,\u201d \u201cwe,\u201d \u201cour,\u201d or \u201cus\u201d), today provided an update on its recent business activity through the month ended May 31, 2024. Additionally, the Company announced that BNL\u2019s CEO, John Moragne, and CFO, Kevin Fennell, will make a presentation regarding the Company at Nareit\u2019s […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\n\n