News

Broadstone Net Lease, Inc. Reports 2018 Fourth-Quarter and Full-Year Performance

ROCHESTER, N.Y. – Broadstone Net Lease, Inc. (“BNL,” ”we,” or ”us”), a privately offered real estate investment trust (“REIT”) managed by Broadstone Real Estate, LLC (“Broadstone”), today filed with the Securities and Exchange Commission (“SEC”) its Annual Report on Form 10-K for the year ended December 31, 2018 (the “2018 Form 10-K”), which is available free of charge on the SEC’s public website and on our website at: http://investors.bnl.broadstone.com.

“We are pleased to report another year of strong performance for BNL,” said Chris Czarnecki, BNL’s Chief Executive Officer. “During 2018, we continued to grow our portfolio of high quality, diversified commercial properties and selectively disposed of others, to continue providing our stockholders with attractive total returns. BNL’s 2018 total return, assuming dividend reinvestment, was 13.1% which is our strongest result since 2014.” Czarnecki continued, “Recognizing the accretive nature of our recent investments and anticipated continued positive operating performance, our Board increased our monthly dividend from $0.43 per share to $0.44 per share at its most recent meeting in early February. We believe that the embedded rental growth in our current portfolio, combined with anticipated 2019 acquisitions and continued balance sheet discipline, will generate continued earnings growth and positive total returns for our investors in the year ahead.”

Click here to download a full PDF of the fourth-quarter 2018 BNL earnings release.