Broadstone Net Lease reports $696.7M investments year-to-date

The company said, “On a year-to-date basis, invested $696.7M, including $416.6M in new property acquisitions, $181.8M in build-to-suit developments, $90M in transitional capital, and $8.3M in revenue generating capital expenditures. Additionally, we have $13.3M of acquisitions under control and $4.1M of commitments to fund revenue generating capital expenditures with existing tenants. In conjunction with our growing investment activity and year-to-date share price performance, we sold, on a forward basis, 621,487 shares of our common stock for gross proceeds of approximately $11.4M under our at-the-market common equity offering, none of which has been settled. These sales may be settled, at our discretion, at any time prior to December 31, 2026.”