Broadstone Net Lease Inc., a triple net real estate investment trust, reported its financial results for Q1 2025 with an annualized base rent of $401.3 million. The company's portfolio includes 769 properties across 44 states and 4 Canadian provinces, totaling 39.8 million rentable square feet with a high occupancy rate of 99.1%. Notably, the portfolio's composition is 59.8% industrial, 31.3% retail, and 8.9% other. Broadstone has made significant investment commitments amounting to $393.2 million, which include $255.8 million directed towards build-to-suit developments expected to be completed through 2026, $132.9 million in acquisitions under control, and $4.5 million intended for revenue-generating capital expenditures. The company reported a weighted average lease term (WALT) of 10.0 years and a 2.0% annual escalation. The company's rent collections remained strong at 99.1% for the first quarter. Broadstone's top tenant accounts for 4.0% of its portfolio, with the top ten tenants comprising 21.9% of the portfolio. The company maintains a stable credit rating, with an S&P rating of BBB and a Moody's rating of Baa2. Additionally, Broadstone Net Lease Inc. has a total revolver capacity of $1 billion, supporting its investment strategy and ongoing operations.