Broadstone Net Lease, Inc. announced it has secured land and commenced construction on two additional build-to-suit developments for tenants Hobby Lobby and Academy Sports. Both properties are located in Manor, Texas, with a total rentable area of 110,000 square feet. The projects have an estimated total investment of $22.8 million ($10.3 million for Hobby Lobby and $12.4 million for Academy Sports) and target stabilization by June 2027. Each lease carries a 15-year term with annual rent escalations of 0.4% to 0.5%. Broadstone Net Lease, Inc. is an industrial-focused, diversified net lease REIT that invests in primarily single-tenant commercial real estate properties leased on a long-term basis.

Broadstone Net Lease, Inc. entered into an underwriting agreement to sell 11,000,000 shares of common stock at a public offering price of $20.50 per share. The underwriters exercised their option to purchase an additional 1,650,000 shares on August 9, 2026, bringing the total offering size to 12,650,000 shares. Proceeds from forward sellers were initially retained by third parties, with the Company expecting physical settlement and cash proceeds no later than September 30, 2027, at an initial forward sale price of $19.7825 per share. The offering closed on August 10, 2026. Broadstone Net Lease, Inc. operates in the real estate industry, specifically focusing on net lease investments.

Broadstone Net Lease, Inc. entered into Amendment No. 2 to its Amended and Restated Credit Agreement on July 28, 2026, adding a new $300 million Term Loan II Facility maturing January 30, 2030. The amendment also reduces interest rate margins for existing and new term loans based on the company's Baa2/BBB credit rating. Concurrently, the company executed a Third Amendment to its Regions Bank Term Loan Credit Agreement to conform terms with the primary credit agreement. Broadstone Net Lease, Inc. operates in the real estate industry, specifically investing in net-leased commercial properties.

Broadstone Net Lease reported second quarter 2026 net income of $40.3 million ($0.21 per diluted share), a 110% increase year-over-year, driven by strong operational performance and asset sales. Adjusted Funds From Operations (AFFO) rose 2.6% to $78.2 million ($0.39 per diluted share). The company raised its full-year 2026 AFFO guidance midpoint to $1.56 per share from $1.53, citing a committed build-to-suit pipeline of $645 million and in-place rent increases of 2.1%. Post-quarter-end, Broadstone announced a $303 million build-to-suit development for a Fortune 20 investment-grade tenant and entered into a new $300 million senior unsecured delayed-draw term loan maturing January 30, 2030. The board declared a quarterly dividend of $0.2925 per share, payable October 15, 2026 to holders of record as of September 30, 2026. Broadstone Net Lease is an industrial-focused net lease REIT investing in single-tenant commercial real estate properties.

Broadstone Net Lease, Inc. announced it will release its financial and operating results for the quarter ended June 30, 2026, after market close on July 29, 2026. An earnings conference call and audio webcast are scheduled for July 30, 2026, at 11:00 a.m. Eastern Time. The company is a real estate investment trust.