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

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WEBVTT 00:00:00.031 -- 00:00:05.957 Hello and welcome to Broadstone Net Lease's third quarter 2025 earnings conference call. 00:00:05.957 -- 00:00:08.880 My name is Elliot and I'll be your operator today. 00:00:08.880 -- 00:00:11.683 Please note that today's call is being recorded. 00:00:11.683 -- 00:00:15.767 I'll now turn the call over to Brent Madel, Director of Corporate Finance and Investor 00:00:15.767 -- 00:00:20.150 Relations at Broadstone. Please go ahead. 00:00:20.192 -- 00:00:25.017 Thank you, everyone, for joining us today for Broadstone Net Lease's third quarter 2025 00:00:25.017 -- 00:00:30.367 earnings call. On today's call, you will hear prepared remarks from Chief Executive 00:00:30.367 -- 00:00:35.635 Officer John Marana, President and Chief Operating Officer Ryan Albano, 00:00:35.635 -- 00:00:38.319 and Chief Financial Officer Kevin Funnell. 00:00:38.319 -- 00:00:41.784 All three will be available for the Q&A portion of this call. 00:00:41.784 -- 00:00:46.070 As a reminder, the following discussion and answers to your questions contain forward-looking 00:00:46.070 -- 00:00:50.856 statements which are subject to risk and uncertainties that can cause actual results 00:00:50.856 -- 00:00:54.041 to differ materially due to a variety of factors. 00:00:54.041 -- 00:00:57.743 We caution you not to place undue reliance on these forward-looking statements. 00:00:57.743 -- 00:01:01.787 For more detailed discussion of risk factors that may cause such differences, please 00:01:01.787 -- 00:01:07.332 refer to our SEC filings, including our Form 10-K for the year ended December 31st, 2024, 00:01:07.332 -- 00:01:11.997 and our Form 10-Q for the quarter ended March 31st, 2025. 00:01:11.997 -- 00:01:18.123 And note that such risk factors may be updated in our quart...