Broadstone Net Lease, Inc. (BNL) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.020 Hello and welcome to Broadstone NetLease's fourth quarter 2025 earnings conference call. 00:00:06.020 -- 00:00:08.864 My name is Emily and I'll be your operator today. 00:00:08.864 -- 00:00:11.028 Please note that today's call is being recorded. 00:00:11.028 -- 00:00:16.276 I will now turn the call over to Brent Madel, Director of Corporate Finance and Investor 00:00:16.276 -- 00:00:19.901 Relations at Broadstone. Please go ahead. 00:00:19.901 -- 00:00:24.689 Thank you everyone for joining us today for Broadstone NetLease's fourth quarter 2025 00:00:24.689 -- 00:00:30.037 earnings call. On today's call, you will hear prepared remarks from Chief Executive Officer 00:00:30.037 -- 00:00:35.223 John Marana, President and Chief Operating Officer Ryan Albano, and Chief Financial 00:00:35.223 -- 00:00:40.448 Officer Kevin Funnell. All three will be available for the Q&A portion of this call. 00:00:40.448 -- 00:00:44.693 As a reminder, the following discussion and answers to your questions contain forward-looking 00:00:44.693 -- 00:00:49.438 statements which are subject to risk and uncertainties that can cause actual results 00:00:49.438 -- 00:00:52.521 to differ materially due to a variety of factors. 00:00:52.521 -- 00:00:56.680 We caution you not to place undue reliance on these forward-looking statements. 00:00:56.680 -- 00:01:01.167 For a more detailed discussion of risk factors that may cause such differences, please 00:01:01.167 -- 00:01:06.735 refer to our SEC filings, including our Form 10-K for the year ended December 31st, 2025, 00:01:06.735 -- 00:01:12.904 and note that such risk factors may be updated in our quarterly SEC filings. 00:01:12.904 -- 00:01:16.830 Any forward-looking statements provided during this conference call ...