Broadstone Net Lease, Inc. Announces Tax Treatment of 2022 Dividends

Rhea-AI Summary

Broadstone Net Lease (NYSE: BNL) announced the income tax allocation for its 2022 common stock dividends. Stockholders are advised to consult with tax advisors regarding their specific dividend tax treatment. Key dividends include a distribution of $0.265 per share, with payment dates ranging from January 14 to October 14, 2022. The ordinary dividends total $0.179593 per share, alongside various capital gain distributions. The company holds a diversified portfolio of 804 net leased properties across the U.S. and Canada as of December 31, 2022.

Positive

• Consistent dividend payment with $0.265 distribution per share.
• Strong diversified portfolio of 804 properties across the U.S. and Canada.

Negative

• None.

ROCHESTER, N.Y.--(BUSINESS WIRE)-- Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL” or the “Company”) today announced the income tax allocation of 2022 common stock dividends, as shown in the table below. Stockholders are encouraged to consult with their own tax advisors regarding their specific tax treatment of any BNL dividends received.

Common Stock – CUSIP number 11135E203

FORM 1099-DIV			Box 1a	Box 2a	Box 2b	Box 2f	Box 3	Box 5
Record Date	Payment Date	Distribution Per Share	Ordinary Dividends	Capital Gain Distributions (1)	Unrecaptured Section 1250 Gain (2)	Section 897 Capital Gain (3)	Nondividend Distributions (4)	Section 199A Dividends
12/31/2021	01/14/2022	$0.265	$0.179593	$0.004770	$0.002368	$0.004770	$0.080637	$0.179593
03/31/2022	04/15/2022	$0.265	$0.179593	$0.004770	$0.002368	$0.004770	$0.080637	$0.179593
06/30/2022	07/15/2022	$0.27	$0.182981	$0.004860	$0.002412	$0.004860	$0.082159	$0.182981
09/30/2022	10/14/2022	$0.27	$0.182981	$0.004860	$0.002412	$0.004860	$0.082159	$0.182981

1. The 2022 Capital Gain Distributions are comprised entirely of long-term capital gains determined under Section 1231 of the Code, and are excluded from Section 1061 of the Code. Accordingly, for purposes of Section 1061 of the Code and Treasury Regulations thereunder, the Company makes the following disclosures: the “One Year Amounts Disclosure” and the “Three Year Amounts Disclosure” are each $0.
2. Unrecaptured Section 1250 Gain is a subset of, and included in, the Capital Gain Distribution amounts (Box 2a).
3. Section 897 Capital Gain is a subset of, and included in, the Capital Gain Distributions amounts (Box 2a).
4. Return of Capital.

About Broadstone Net Lease, Inc.

BNL is a real estate investment trust that acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The Company utilizes an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting. As of December 31, 2022, BNL’s diversified portfolio consisted of 804 individual net leased commercial properties with 797 properties located in 44 U.S. states and seven properties located in four Canadian provinces across the industrial, healthcare, restaurant, retail, and office property types.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230120005402/en/

Company Contact:

Michael Caruso

SVP, Corporate Finance & Investor Relations

michael.caruso@broadstone.com

585.402.7842

Source: Broadstone Net Lease, Inc.

FAQ

What are the 2022 dividend details for Broadstone Net Lease (BNL)?

Broadstone Net Lease distributed $0.265 per share in 2022, with ordinary dividends of $0.179593.

When were the dividends paid for BNL in 2022?

Dividends were paid on various dates between January 14 and October 14, 2022.

What is the tax treatment of BNL's dividends?

Stockholders are encouraged to consult tax advisors regarding the specific tax treatment of their dividends.

How many properties does Broadstone Net Lease own?

BNL owns a portfolio of 804 net leased properties as of December 31, 2022.