Broadstone Net Lease, Inc. (BNL) Q1 2025 Earnings Call Transcript

Broadstone Net Lease, Inc. (NYSE:BNL) Q1 2025 Earnings Conference Call May 1, 2025 11:00 AM ET

Company Participants

Brent Maedl – Director of Corporate Finance and IR
John Moragne – CEO
Ryan Albano – President and COO
Kevin Fennell – CFO

Conference Call Participants

Anthony Paolone – JP Morgan
Caitlin Burrows – Goldman Sachs
John Kim – BMO Capital Markets
Upal Rana – KeyBanc Capital Markets
Ryan Caviola – Green Street Advisors
Michael Goldsmith – UBS
Ki Bin Kim – Truist
Ronald Kamdem – Morgan Stanley

Operator

Hello, and welcome to Broadstone Net Lease’s First Quarter 2025 Earnings Conference Call. My name is Emily, and I’ll be your operator today. Please note that today’s call is being recorded. I will now turn the call over to Brent Maedl, Director of Corporate Finance and Investor Relations at Broadstone. Please go ahead.

Brent Maedl

Thank you, everyone, for joining us today for Broadstone Net Lease’s first quarter 2025 earnings call. On today’s call, you will hear prepared remarks from CEO, John Moragne; President and COO, Ryan Albano; and CFO, Kevin Fennell. All three will be available for the Q&A portion of this call. As a reminder, the following discussion and answers to your questions contain forward looking statements, which are subject to risks and uncertainties that can cause actual results to differ materially due to a variety of factors. We caution you not to place undue reliance on these forward-looking statements and refer you to our SEC filings, including our Form 10-K for the year ended December 31, 2024, for a more detailed discussion of the risk factors that may cause such differences, and note that such risk factors may be updated in our quarterly SEC filings. Any forward-looking statements provided during this conference call are only made as of the date of this call. With that, I’ll turn the call over to John.