Broadstone Net Lease, Inc. (NYSE:BNL) Q4 2022 Results Conference Call February 23, 2023 10:00 AM ET

Company Participants

Mike Caruso - SVP, Corporate Finance & IR

Chris Czarnecki - CEO

John Moragne - EVP & COO

Ryan Albano - EVP & CFO

Conference Call Participants

Ronald Kamdem - Morgan Stanley

Ki Bin Kim - Truist

Eric Borden - BMO Capital Markets

Operator

Hello and welcome to the Broadstone Net Lease Fourth Quarter 2022 Earnings Conference Call. My name is Bruno and I will be the operator of today's call. Please note this call is being recorded.

I will now turn the call over to Mike Caruso, Senior Vice President of Corporate Finance, Investors Relations at Broadstone.

Mike Caruso

Thank you everyone for joining us today for Broadstone Net Lease's fourth quarter 2022 earnings call. On today's call, you will hear prepared remarks from Chris Czarnecki, John Moragne and Ryan Albano. Kevin Fennell will also be available for the Q&A portion of this call.

Before we begin, I would like to remind everyone that the following presentation contains forward-looking statements, which are subject to risks and uncertainties that can cause actual results to differ materially due to a variety of factors. We caution you not to place undue reliance on these forward-looking statements and refer you to our SEC filings, including our form 10-K for the year ended December 31, 2022, for more detailed discussion of the risk factors that may cause such differences. Any forward-looking statements provided during this conference call are only made as of the date of this call.

With that, I will turn the call over to Chris Czarnecki.

Chris Czarnecki

Thank you, Mike and good morning, everyone. As this will be my last earnings call before stepping down from my role as CEO at the end of the month, I want to open the call by acknowledging and sincerely thanking all of the BNL employees, directors and capital providers for their support during my leadership tenure. I am incredibly grateful to have had the opportunity to serve BNL's stakeholders for the past 13 plus years, and to have served as CEO since 2017.

I am also very pleased with our board's decision to elevate our current Chief Operating Officer, John Moragne to the role of CEO upon my departure. Having worked closely with John for more than a decade, I am extremely confident that there is nobody better-suited to lead BNL into its next chapter. John knows our business inside and out and is beloved by our employees for his service-oriented leadership mentality. He serves all with grace, humility and intelligence. John is an exceptional leader of the Company already and he will make a phenomenal Chief Executive. I would also like to congratulate Ryan Albano and Kevin Fennell on their new roles as President and Chief Financial Officer, respectively. Both are highly deserving of these new roles and responsibilities and are excited for what is to come.