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For Immediate Release August 3 , 2021 Company Contact : Michael Caruso SVP , Corporate Finance & Investor Relations michael.caruso@broadstone.com 585.402.7842 EXHIBIT 99.1 BROADSTONE NET LEASE , INC . Broadstone Net Lease Announces Second Quarter 2021 Results ROCHESTER , N.Y. - Broadstone Net Lease , Inc. ( NYSE : BNL ) , an internally - managed real estate investment trust ( “ BNL , ” the " Company , " " we , ” “ our , ” or “ us ” ) , today announced its operating results for the quarter ended June 30 , 2021 . SECOND QUARTER 2021 HIGHLIGHTS 2021 AFFO guidance range tightened to $ 1.30 to $ 1.34 per diluted share . Invested $ 194.0 million in 34 properties at a weighted average initial cash cap rate of 6.2 % with an additional $ 34.2 million of acquisitions that have closed subsequent to quarter end . The acquisitions included properties in industrial , healthcare , and retail asset classes . As of the date of this release , we have an additional $ 210.6 million of properties under control . Collected 100 % of base rents due for the second quarter . Occupancy remained consistent at 99.7 % . Incurred $ 8.7 million of general and administrative expenses , inclusive of $ 1.0 million of stock - based compensation . Generated net income of $ 22.8 million , or $ 0.14 per share . Generated AFFO of $ 52.0 million , or $ 0.33 per share . Completed our first public follow - on equity offering , issuing 11.5 million common shares for net proceeds of $ 253.5 million . Ended the quarter with total outstanding debt of $ 1.5 billion , Net Debt of $ 1.4 billion and a Net Debt to Annualized Adjusted EBITDA re ratio of 4.76x . Declared a quarterly dividend on July 29 , 2021 , of $ 0.255 per share to shareholders of record as of September 30 , 2021 . MANAGEMENT COMMENTARY " BNL continued to execute on its acquisitions growth strategy while simultaneously strengthening its balance sheet all while continuing to enjoy the benefits of its market leading portfolio performance during the second quarter , ” said Chris Czarnecki , BNL's Chief Executive Officer . " As of the date of this release , we've either closed or have under control $ 526 million of accretive investments in a diverse set of properties for the year . We successfully executed our first public follow - on equity offering to delever our balance sheet and provide growth capital for the second half of the year . Finally , based on our acquisitions pipeline , we have increased our acquisitions guidance and tightened our expected AFFO guidance range for 2021. " 1