Broadstone Net Lease, Inc. (BNL) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Broadstone Net Lease's third quarter 2025 earnings conference call. My name is Elliot and I'll be your operator today. Please note that today's call is being recorded. I'll now turn the call over to Brent Madel, Director of Corporate Finance and Investor Relations at Broadstone. Please go ahead. Thank you, everyone, for joining us today for Broadstone Net Lease's third quarter 2025 earnings call. On today's call, you will hear prepared remarks from Chief Executive Officer John Marana, President and Chief Operating Officer Ryan Albano, and Chief Financial Officer Kevin Funnell. 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 risk 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. For more detailed discussion of risk factors that may cause such differences, please refer to our SEC filings, including our Form 10-K for the year ended December 31st, 2024, and our Form 10-Q for the quarter ended March 31st, 2025. 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 the date of this call. With that, I'll turn the call over to John. Thank you, Brent, and good morning, everyone. To start, I would like to thank everyone who joined or listened to our second quarter's earnings call. It was an important one for B&L and my prepared remarks were certainly longer than usual, but there were important messages I felt needed to be conveyed and I appreciate the positive feedback it received. Given...