Broadstone Net Lease, Inc. (NYSE:BNL) Q1 2022 Earnings Conference Call May 4, 2022 1:00 PM ET

Company Participants

Mike Caruso - Senior Vice President of Corporate Finance and Investor Relations

Christopher Czarnecki - Chief Executive Officer, President, and Director

Ryan Albano - Executive Vice President & Chief Financial Officer

John Moragne - Executive Vice President & Chief Operating Officer

Operator

Hello, and welcome to the Broadstone Net Lease's First Quarter 2022 earnings conference call. My name is Sam, and I will be your operator today. Please note that today's call is being recorded.

I'll now turn the call over to Mike Caruso, Senior Vice President of Corporate Finance and Investor Relations of Broadstone. Mike, please go ahead.

Mike Caruso

Thank you, operator, and thank you, everyone, for joining us today for Broadstone Net Lease's first quarter 2022 earnings call. On today's call, you will hear from our Chief Executive Officer, Chris Czarnecki; our Chief Financial Officer, Ryan Albano; and our Chief Operating Officer, John Moragne, will be available for Q&A.

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, 2021, and for a 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.

I will now turn the call over to our Chief Executive Officer, Chris Czarnecki.

Christopher Czarnecki

Good afternoon and welcome everyone. I'm pleased to report a strong start to 2022 with a first quarter of solid operating results. The first quarter represented several firsts for BNL including the largest first quarter of acquisition volume, and strongest start to a year since we began investing in net lease real estate over 15 years ago.

Additionally, we completed our first targeted acquisition north of the border, which has expanded our footprint into several very attractive new markets all across Canada. I will provide further details on both of these milestones in just a few moments. But first, I'd like to touch on how our diversified strategy has uniquely positioned us to successfully navigate the current market environment and many of the challenges facing the broader Net Lease space.