Broadstone Net Lease Provides an Update on Recent Business Activity and Announces Participation at Nareit’s REITWeek: 2024 Investor Conference
Broadstone Net Lease, Inc. (NYSE: BNL) (“Broadstone,” “BNL,” the “Company,” “we,” “our,” or “us”), today provided an update on its recent business activity through the month ended May 31, 2024.
- Broadstone Net Lease, Inc. (NYSE: BNL) (“Broadstone,” “BNL,” the “Company,” “we,” “our,” or “us”), today provided an update on its recent business activity through the month ended May 31, 2024.
- Through May 31st, we invested $255.4 million, including $193.6 million in new properties, $58.8 million in development fundings, and $3.0 million in revenue generating capital expenditures.
- Through May 31st, we collected 99.8% of base rents due for all properties under lease excluding Green Valley Medical Center.
- All of our 18 Red Lobster locations, representing 1.6% of our ABR as of March 31, 2024, remain operational.