Broadstone Net Lease Q1 2025 Update: Debt & Swaps Detailed
Ticker: BNL · Form: 10-Q · Filed: May 1, 2025 · CIK: 1424182
| Field | Detail |
|---|---|
| Company | Broadstone Net Lease, INC. (BNL) |
| Form Type | 10-Q |
| Filed Date | May 1, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, interest-rate-swaps, real-estate, subsequent-event
TL;DR
BNL Q1 2025: Debt's looking okay, interest rate swaps are in play. Watch out for industrial property news.
AI Summary
Broadstone Net Lease, Inc. filed its 10-Q for the period ending March 31, 2025. The company reported on its financial position, including details on its debt and interest rate swaps. A significant event noted is the subsequent event on April 24, 2025, related to industrial property.
Why It Matters
This filing provides insight into Broadstone Net Lease's financial health and risk management strategies, particularly concerning its debt obligations and interest rate exposure.
Risk Assessment
Risk Level: medium — The filing details significant debt and interest rate swap activities, which can introduce financial risk.
Key Numbers
- 2025-03-31 — Reporting Period End Date (Marks the end of the fiscal quarter for this 10-Q filing.)
- 2025-01-01 — Reporting Period Start Date (Marks the beginning of the fiscal quarter for this 10-Q filing.)
- 2024-12-31 — Previous Year End Date (Reference point for year-over-year comparisons or context.)
- 2024-03-31 — Previous Year Q1 End Date (Reference point for year-over-year comparisons for the first quarter.)
Key Players & Entities
- Broadstone Net Lease, Inc. (company) — Filer of the 10-Q
- March 31, 2025 (date) — End of the reporting period
- April 24, 2025 (date) — Date of a subsequent event
- 207 HIGH POINT DRIVE, VICTOR, NY 14564 (address) — Company's business and mailing address
- 585-287-6500 (phone_number) — Company's business phone number
- bnl:ForwardStartingInterestRateSwapsMember (financial_instrument) — Type of financial instrument mentioned
- bnl:TwoThousandTwentyEightUnsecuredTermLoanMember (debt) — Specific debt instrument
- us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember (financial_index) — Reference for interest rate swaps
- us-gaap:UnsecuredDebtMember (debt) — Type of debt
- us-gaap:RetailMember (industry) — Industry segment mentioned
FAQ
What is the nature of the subsequent event reported on April 24, 2025?
The subsequent event on April 24, 2025, is related to industrial property.
What types of debt does Broadstone Net Lease have outstanding as of March 31, 2025?
As of March 31, 2025, the company has unsecured debt and secured debt, including a specific mention of the 'WilmingtonTrustNationalAssociationDueFebruary2028Member'.
What financial instruments are being used to manage interest rate risk?
The company is utilizing forward starting interest rate swaps and effective interest rate swaps, with mentions of JpMorganChaseBankNAMember and USBankNationalAssociationTwoMember in relation to these.
What is the company's primary business address?
The company's business address is 207 HIGH POINT DRIVE, VICTOR, NY 14564.
What industry segments are mentioned in the filing?
The filing mentions the 'Retail' industry segment and 'IndustrialPropertyMember'.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 1, 2025 regarding Broadstone Net Lease, Inc. (BNL).