Broadstone Net Lease reports $121.87M revenue for Q3 2026

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bnl-20260630x10q.htm

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For the quarterly period ended June September 30, 2026

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There were 191,892,971 191,984,139 shares of the Registrant's Common Stock, $0.00025 par value per share, outstanding as of July 24, October 23, 2026.

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Financial statements 153 changes

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Land $ 818,423 $ 781,117

Land improvements 390,778 373,405

Land $ 827,700 $ 781,117

Land improvements 405,038 373,405

Buildings and improvements 4,161,424 4,257,756 4,118,578

1 unchanged paragraph

Total accounted for using the operating method 5,382,435 5,502,304 5,288,381

Less accumulated depreciation (823,101) ( 849,551 ) ( 772,589 )

Accounted for using the operating method, net 4,559,334 4,652,753 4,515,792

Accounted for using the direct financing method 25,117 24,911 25,497

Accounted for using the sales-type method 14,381 14,369 14,405

Property under development 385,067 484,117 265,812

Investment in rental property, net 4,983,899 5,176,150 4,821,506

Cash and cash equivalents 11,095 12,189 30,540

Accrued rental income 187,235 189,975 178,880

Tenant and other receivables, net 6,223 3,799 4,404

Prepaid expenses and other assets 63,259 66,183 55,910

Interest rate swap, assets 23,271 36,026 18,248

1 unchanged paragraph

Total assets $ 5,865,290 $ 5,717,267

Intangible lease assets, net 250,539 248,222 268,010

Total assets $ 6,072,313 $ 5,717,267

1 unchanged paragraph

Unsecured revolving credit facility $ 447,376 555,438 $ 266,036

Mortgages, net 40,640 40,262 56,689

Unsecured term loans, net 995,423 1,095,298 994,219

Senior unsecured notes, net 1,191,552 1,191,962 1,190,738

1 unchanged paragraph

Dividends payable 61,113 59,513

Total liabilities 2,857,183 2,683,806

Accounts payable and other liabilities 72,493 74,376 60,081

Dividends payable 60,257 59,513

Accrued interest payable 10,356 21,136 13,502

Intangible lease liabilities, net 38,230 36,346 41,527

Total liabilities 3,075,075 2,683,806

3 unchanged paragraphs

Total equity 3,008,107 3,033,461

Common stock, $0.00025 $ 0.00025 par value; 500,000 shares authorized, 191,808 191,951 and 191,423 shares issued and outstanding at June September 30, 2026 and December 31, 2025, respectively

Additional paid-in capital 3,504,576 3,507,541 3,502,380

Cumulative distributions in excess of retained earnings (648,741) ( 677,162 ) ( 620,221 )

Accumulated other comprehensive income 25,120 38,400 19,788

Total Broadstone Net Lease, Inc. equity 2,881,003 2,868,827 2,901,995

Non-controlling interests 127,104 128,411 131,466

Total equity 2,997,238 3,033,461

Total liabilities and equity $ 5,865,290 6,072,313 $ 5,717,267

5 unchanged paragraphs

Lease revenues, net $ 122,309 $ 112,986 $ 243,710 $ 221,677

Depreciation and amortization 49,102 42,575 90,628 82,072

Property and operating expense 5,817 5,003 11,997 10,491

General and administrative 11,897 9,571 22,246 19,242

Total operating expenses 70,362 69,088 128,417 139,873

June September 30, For the Six Nine Months Ended

Lease revenues, net $ 121,867 $ 114,167 $ 365,577 $ 335,843

Depreciation and amortization 50,785 40,246 141,413 122,318

Property and operating expense 7,341 6,198 19,339 16,688

General and administrative 10,777 9,974 33,023 29,216

Provision for impairment of investment in rental properties 3,546 11,939 3,546 28,068 1,474 6,999 5,019 35,067

Total operating expenses 70,377 63,417 198,794 203,289

1 unchanged paragraph

Interest income 135 122 186 221

Interest expense (25,785) (21,112) (51,045) (41,186)

Gain on sale of real estate 12,990 566 20,111 971

Income taxes (346) (199) (658) (555)

Other income (expenses) 1,314 (3,445) 2,760 (3,932)

Net income 40,255 19,830 86,647 37,323

Net (income) loss attributable to non-controlling interests (456) 330 (483) (420)

Interest income 118 182 304 403

Interest expense ( 26,738 ) ( 28,230 ) ( 77,783 ) ( 69,416 )

Gain on sale of real estate 3,596 3,259 23,707 4,230

Income taxes ( 256 ) ( 208 ) ( 914 ) ( 763 )

Other income (expenses) ( 71 ) 1,312 2,689 ( 2,620 )

Net income 28,139 27,065 114,786 64,388

Net income attributable to non-controlling interests ( 1,022 ) ( 599 ) ( 1,505 ) ( 1,019 )

Net income attributable to Broadstone Net Lease, Inc. 39,799 20,160 86,164 36,903 $ 27,117 $ 26,466 $ 113,281 $ 63,369

1 unchanged paragraph

Basic 190,692 188,041 190,565 187,953

Diluted 200,261 197,138 200,006 196,975

Basic 190,820 188,099 190,650 188,002

Diluted 201,119 197,632 200,474 197,476

1 unchanged paragraph

Basic $ 0.21 $ 0.11 $ 0.45 $ 0.19

Diluted $ 0.21 $ 0.10 $ 0.45 $ 0.19

Basic $ 0.14 $ 0.14 $ 0.59 $ 0.33

Diluted $ 0.14 $ 0.14 $ 0.58 $ 0.33

1 unchanged paragraph

Net income $ 40,255 $ 19,830 $ 86,647 $ 37,323

Net income $ 28,139 $ 27,065 $ 114,786 $ 64,388

1 unchanged paragraph

Comprehensive income 44,211 9,361 93,225 6,956

Change in fair value of interest rate swaps 3,934 (10,463) 6,525 (30,355) 12,754 ( 4,981 ) 19,279 ( 35,336 )

Realized loss (gain) on interest rate swaps 22 (6) 53 (12) 6,103 75 6,091

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and 73 more changes in the filing

Note 1: Business Description 4 changes

1 unchanged paragraph

The Company is an industrial-focused, diversified net lease REIT that focuses on investing in income-producing, single-tenant net leased commercial properties, primarily in the United States. The Company leases primarily industrial and retail commercial properties under long-term lease agreements. At June September 30, 2026, the Company owned a diversified portfolio of 766 767 individual commercial properties with 759 760 properties located in 44 U.S. states and seven properties located in four Canadian provinces.

The following table summarizes the outstanding equity and economic ownership interest of the Company: (in thousands) June 30, 2026 December 31, 2025

(in thousands) September 30, 2026 December 31, 2025

2 unchanged paragraphs

Ownership interest 191,808 8,296 200,104 191,951 8,154 200,105 191,423 8,296 199,719

2 unchanged paragraphs

Note 2: Summary of Significant Accounting Policies 59 changes

7 unchanged paragraphs

The Company invests in various entities in exchange for ownership interests. Each of these investments is a VIE in which the Company is considered the primary beneficiary as it: (i) has the power to direct the activities that significantly impact the economic performance of the VIE, and (ii) has the obligation to absorb losses and the right to receive benefits of the VIE. As a result, the Company consolidates these VIEs. At June September 30, 2026 and December 31, 2025, the Company had seven and six consolidated VIEs, respectively.

The following table presents a summary of selected financial data of the consolidated VIEs included in the Condensed Consolidated Balance Sheets: (in thousands) June 30,

(in thousands) September 30,

1 unchanged paragraph

Land $ 7,644 $ 7,644

Land improvements 2,707 2,707

Other assets 13,398 17,825

Total assets $ 218,231 $ 182,900

Land $ 11,178 $ 7,644

Land improvements 9,743 2,707

Buildings and improvements 40,664 64,239 40,664

Total accounted for using the operating method 51,015 85,160 51,015

Less accumulated depreciation (2,790) ( 3,255 ) ( 2,131 )

Accounted for using the operating method, net 48,225 81,905 48,884

Property under development 154,996 243,739 114,094

Investment in rental property, net 203,221 325,644 162,978

Intangible lease assets, net 1,612 1,377 2,097

Other assets 14,369 17,825

Total assets $ 341,390 $ 182,900

Intangible lease liabilities, net $ 381 360 $ 425

Other liabilities $ 7,025 $ 7,405 1,925

Total liabilities $ 7,406 7,765 $ 2,350

2 unchanged paragraphs

Capitalized interest 8,331 4,271

The Company capitalizes development, construction, and improvement costs associated with development and redevelopment of properties. Such capitalized costs include all direct and indirect costs related to planning, development, and construction, including interest, real estate taxes, insurance, compensation costs of employees directly contributing to the completion of each construction project, and other miscellaneous costs incurred during the construction period. These costs are recorded as Property under development in the accompanying Condensed Consolidated Balance Sheets Sheet once the project is probable and until the property is substantially complete and ready for its intended use. Deposits on potential development projects are included in Property under development in the accompanying Condensed Consolidated Balance Sheet. When the Company commits to has determined it is probable of redeveloping an existing property and ceases its current use, the remaining carrying value of the property is reclassified to Property under development upon commencement of active redevelopment activities. Once the property is substantially complete, it is placed in service, depreciation commences, and additional capital investments, if any, are capitalized to the cost basis of the property.

During the three and six nine months ended June September 30, 2026, the Company funded capital expenditures on development properties after they reached substantial completion of $7.1 $ 29.6 million and $12.2 $ 41.9 million, respectively. During the three and six nine months ended June September 30, 2025, the Company funded capital expenditures on development properties after they reached substantial completion of $1.2 million and $11.6 $ 11.6 million. respectively. The Company did no t fund capital expenditures on development properties after they reached substantial completion during the three months ended September 30, 2025.

The following tables summarize the Company s investments in property under development: (in thousands) June 30,

(in thousands) September 30,

Development, construction and improvement costs $ 376,736 473,221 $ 261,541

Capitalized interest 10,896 4,271

Property under development $ 385,067 484,117 $ 265,812

1 unchanged paragraph

June September 30, For the Six Nine Months Ended

Investment in properties under development, excluding capitalized costs $ 103,373 173,884 $ 83,001 60,536 $ 213,325 387,208 $ 99,388 159,924

1 unchanged paragraph

The Company reviews long-lived assets to be held and used for possible impairment when events or changes in circumstances indicate that their carrying amounts may not be recoverable. If, and when, such events or changes in circumstances are present, an impairment exists to the extent the carrying value of the long-lived asset or asset group exceeds the sum of the undiscounted cash flows expected to result from the use of the long-lived asset or asset group and its eventual disposition. Such cash flows include expected future operating income, as adjusted for trends and prospects, as well as the effects of demand, competition, and other factors. An impairment loss is measured as the amount by which the carrying amount of the long-lived asset or asset group exceeds its fair value. Significant judgment is made to determine if and when impairment should be taken. The Company s assessment of impairment during the three and six nine months ended June September 30, 2026 and 2025, was based on the most current information available to the Company. Certain of the Company s properties may have fair values less than their carrying amounts. However, based on the Company s plans with respect to each of those properties, the Company believes that their carrying amounts are recoverable and therefore, no impairment charges were recognized other than those described below. If the operating conditions mentioned above deteriorate or if the Company s expected holding period for assets changes, subsequent tests for impairment could result in additional impairment charges in the future.

1 unchanged paragraph

Number of properties 6 8 6 13

Impairment charge $ 3,546 $ 11,939 $ 3,546 $ 28,068

The following table summarizes the Company s impairment charges, resulting primarily from changes in the Company s long-term hold strategy with respect to the individual properties: (in thousands) For the Three Months Ended

(in thousands) For the Three Months Ended

June September 30, For the Six Nine Months Ended

Number of properties 2 7 8 18

Impairment charge $ 1,474 $ 6,999 $ 5,019 $ 35,067

The Company recognized impairment of $3.5 million During the three and six nine months ended June September 30, 2026, the Company recognized impairment of $ 1.5 million and $ 5.0 million, respectively, resulting from changes in the Company s long-term hold strategy with respect to the individual properties. The impairments for the three and six nine months ended June September 30, 2026 were based on actual and expected sales prices of individual properties. During the three and six nine months ended June September 30, 2025, the Company recognized impairment of $11.9 $ 7.0 million and $28.1 $ 35.1 million, respectively, resulting from changes in the Company s long-term hold strategy with respect to the individual properties. The impairments for the six nine months ended June September 30, 2025 were based on actual and expected sales prices of individual properties and includes primarily include a $14.6 $ 14.6 million impairment charge on two healthcare properties.

Restricted cash generally includes escrow funds the Company maintains pursuant to the terms of certain mortgages, lease agreements, and undistributed proceeds from the sale of properties under Section 1031 of the Internal Revenue Code of 1986, as amended (the Code ), and is reported within Prepaid expenses and other assets in the Condensed Consolidated Balance Sheets. Restricted cash consisted of the following: (in thousands) June 30,

(in thousands) September 30,

Escrow funds and other $ 1,822 1,588 $ 3,102

1 unchanged paragraph

Rent received in advance represents tenant rent payments received prior to the contractual due date, and is included in Accounts payable and other liabilities in the Condensed Consolidated Balance Sheets. Rent received in advance consisted of the following: (in thousands) June 30,

(in thousands) September 30,

Rent received in advance $ 21,436 18,367 $ 18,498

4 unchanged paragraphs

(in thousands) June September 30, 2026

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Interest rate swap, assets $ 23,271 36,026 $ $ 23,271 36,026 $

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The following table summarizes the carrying amount reported in the Condensed Consolidated Balance Sheets and the Company s estimate of the fair value of the unsecured revolving credit facility, mortgages, unsecured term loans, and senior unsecured notes which includes the fair value of interest rate swaps: (in thousands) June 30,

(in thousands) September 30,

Carrying amount $ 2,688,016 2,895,700 $ 2,522,753

Fair value 2,727,453 2,948,958 2,564,437

1 unchanged paragraph

The Company s non-recurring fair value measurements at June September 30, 2026 and December 31, 2025 consisted of the fair value of impaired real estate assets that were determined using Level 2 and Level 3 inputs.

1 unchanged paragraph

Right-of-use assets and lease liabilities associated with operating and finance leases were included in the accompanying Condensed Consolidated Balance Sheets as follows: (in thousands) Financial Statement Presentation June 30,

(in thousands) Financial Statement Presentation September 30,

Right-of-use assets Prepaid expenses and other assets $ 9,234 9,058 $ 9,578

Lease liabilities Accounts payable and other liabilities 9,262 9,098 9,580

Right-of-use assets Prepaid expenses and other assets 2,198 2,187 2,221

Lease liabilities Accounts payable and other liabilities 2,758 2,772 2,729

5 unchanged paragraphs

Note 3: Asset Acquisitions 49 changes

The Company closed on the following acquisitions during the six nine months ended June September 30, 2026: (in thousands, except number of properties) Property Type Number of

(in thousands, except number of properties) Property Type Number of

7 unchanged paragraphs

July 9, 2026 Industrial 1 65,000 (c)

August 24, 2026 Retail 2 3,071 (b)

September 24, 2026 Industrial 1 63,800

(a) Acquisition of an option to purchase land to be developed in connection with an industrial property. During July 2026, the Company entered into a corporate guaranty of up to $ 28.8 million in connection with this project (see Note 16).

1 unchanged paragraph

(c) Acquisition of land by a consolidated VIE in connection with a build-to-suit development (see Note 2).

(c) (d) Acquisition price excludes capitalized acquisition and development costs of $6.6 $ 8.4 million.

The Company closed on the following acquisitions during the six nine months ended June September 30, 2025: (in thousands, except number of properties) Property Type Number of

(in thousands, except number of properties) Property Type Number of

2 unchanged paragraphs

February 13, 2025 Retail 1 495 (d) (e)

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April 24, 2025 Industrial 1 8,500 (d) (e)

1 unchanged paragraph

(g) Acquisition price excludes capitalized acquisition costs of $7.1 million.

Land $ 43,311 $ 8,040

Land improvements 2,144 3,947

Buildings and improvements 16,379 93,303

Property under development 68,734 50,326

June 4, 2025 Industrial 1 3,400 (e) (f)

June 5, 2025 Retail 1 1,100 (d) (e)

June 12, 2025 Industrial 1 13,700 (d) (e)

June 13, 2025 Industrial 1 20,334 (f) (g)

July 1, 2025 Retail 1 13,069

July 2, 2025 Retail 1 8,265

August 1, 2025 Industrial 1 18,272 (g)

August 6, 2025 Industrial 1 53,803

September 30, 2025 Industrial 1 64,325

(d) (e) Acquisition of land to be developed in connection with a build-to-suit development.

(e) (f) Acquisition of land to be developed in connection with a build-to-suit development. The Company contributed these assets in exchange for preferred equity in a consolidated VIE (see Note 2).

(f) (g) Acquisition of land by a consolidated VIE in connection with a build-to-suit development (see Note 2).

(h) Acquisition price excludes capitalized acquisition and development costs of $ 9.5 million.

The Company allocated the purchase price of these properties to the fair value of the assets acquired and liabilities assumed. The following table summarizes the purchase price allocation for completed real estate acquisitions: (in thousands) For the Six Months Ended

(in thousands) For the Nine Months Ended

Land $ 53,424 $ 18,917

Land improvements 5,365 7,951

Buildings and improvements 60,732 206,788

Property under development 138,537 68,972

Acquired in-place leases (h) (i)

Acquired above-market leases (j)

Acquired below-market leases (i) (k)

2 unchanged paragraphs

Subsequent to June 30, 2026, the Company closed on the following acquisitions (see Note 17)

(in thousands, except number of properties) Property Type Number of

Properties Real Estate

July 6, 2026 Industrial 1 $ 49,500 (j)

(j) The Company entered into a joint venture with a development partner and acquired land in connection with a build-to-suit development (see Note 17).

Prepaid expenses and other assets 2,834 3,606

(h) (i) The weighted average amortization period for acquired in-place leases is 14 years and 12 years for acquisitions completed during the six nine months ended June September 30, 2026 and 2025, respectively.

(i) (j) There were no acquisitions of below-market above-market leases during the six nine months ended June September 30, 2026. The weighted average amortization period for acquired below-market above-market leases is 14 15 years for acquisitions completed during the six nine months ended June September 30, 2025.

(k) There were no acquisitions of below-market leases during the nine months ended September 30, 2026. The weighted average amortization period for acquired below-market leases is 10 years for acquisitions completed during the nine months ended September 30, 2025.

The above acquisitions were funded using a combination of available cash on hand and unsecured revolving credit facility borrowings. All real estate acquisitions closed during the six nine months ended June September 30, 2026 and 2025 qualified as asset acquisitions and as such, acquisition costs were capitalized.

Note 4: Sale of Real Estate 13 changes

Number of properties disposed 9 8 10 11

Aggregate sale price $ 62,039 $ 13,163 $ 74,133 $ 20,971

Aggregate carrying value (47,959) (12,527) (52,054) (19,911)

Additional sales expenses (1,090) (70) (1,968) (89)

Gain on sale of real estate $ 12,990 $ 566 $ 20,111 $ 971

The Company closed on the following sales of real estate, none of which qualified as discontinued operations: (in thousands, except number of properties) For the Three Months Ended

(in thousands, except number of properties) For the Three Months Ended

June September 30, For the Six Nine Months Ended

Number of properties disposed 3 12 13 23

Aggregate sale price $ 12,529 $ 38,723 $ 86,662 $ 59,694

Aggregate carrying value ( 8,814 ) ( 35,311 ) ( 60,868 ) ( 55,222 )

Additional sales expenses ( 119 ) ( 153 ) ( 2,087 ) ( 242 )

Gain on sale of real estate $ 3,596 $ 3,259 $ 23,707 $ 4,230

Note 5: Investment in Rental Property and Lease Arrangements 34 changes

The Company generally leases its investment rental property to established tenants in the industrial and retail property types. At June September 30, 2026, the Company had 766 767 real estate properties, 744 746 of which were leased under leases that have been classified as operating leases, nine that have been classified as direct financing leases, one that has been classified as a sales-type lease, 11 10 properties under development, and one that was vacant. Of the nine leases classified as direct financing leases, three include land portions which are accounted for as operating leases (see Revenue Recognition within Note 2). Most leases have initial terms of 10 to 20 years. The Company s leases generally provide for limited increases in rent as a result of fixed increases, increases in the Consumer Price Index ( CPI ), or increases in the tenant s sales volume. Generally, tenants are also required to pay all property taxes and assessments, substantially maintain the interior and exterior of the building, and maintain property and liability insurance coverage. The leases also typically provide for one or more multiple-year renewal options, at the election of the tenant, and are subject to generally the same terms and conditions as the initial lease.

3 unchanged paragraphs

June September 30, For the Six Nine Months Ended

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Depreciation $ 39,943 $ 31,660 $ 73,306 $ 63,119

Thereafter 3,074,159

Depreciation $ 42,682 $ 31,933 $ 115,988 $ 95,052

For the three and nine months ended September 30, 2026, depreciation expense includes $ 8.5 million and $ 15.0 million, respectively, of accelerated depreciation resulting from a change in the useful lives of buildings and improvements at two properties being redeveloped. There was no accelerated depreciation for the three and nine months ended September 30, 2025.

Estimated lease payments to be received under non-cancelable operating leases with tenants at June September 30, 2026 are as follows: (in thousands)

Remainder of 2026 $ 223,824 116,720

Thereafter 3,128,079

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The Company s net investment in direct financing leases was comprised of the following: (in thousands) June 30,

(in thousands) September 30,

Undiscounted estimated lease payments to be received $ 27,022 26,182 $ 28,699

1 unchanged paragraph

Unearned revenue (16,380) (17,663)

Unearned revenue ( 15,746 ) ( 17,663 )

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Net investment in direct financing leases $ 25,117 24,911 $ 25,497

Undiscounted estimated lease payments to be received under non-cancelable direct financing leases with tenants at June September 30, 2026 are as follows: (in thousands)

Remainder of 2026 $ 1,680 840

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Contractual rental amounts billed for operating leases $ 109,473 $ 101,014 $ 216,992 $ 200,328

The Company s net investment in a sales-type lease was $14.4 $ 14.4 million at June September 30, 2026 and December 31, 2025, and was comprised of one lease. The lease has $16.0 $ 15.5 million of undiscounted estimated lease payments to be received throughout the remaining lease term, which expires in April 2027.

The following table summarizes amounts reported as Lease revenues, net in the Condensed Consolidated Statements of Income and Comprehensive Income: (in thousands) For the Three Months Ended June 30, For the Six Months Ended June 30,

(in thousands) For the Three Months Ended September 30, For the Nine Months Ended September 30,

Contractual rental amounts billed for operating leases $ 110,191 $ 102,270 $ 327,183 $ 302,598

1 unchanged paragraph

Variable rental amounts earned 816 718 1,574 1,398

Earned income from direct financing leases 662 679 1,329 1,361

Operating expenses billed to tenants 5,012 4,795 10,712 9,739

Total lease revenues, net $ 122,309 $ 112,986 $ 243,710 $ 221,677

Net write-offs of accrued rental income (2,228) ( 2,881 ) ( 755 ) ( 2,881 ) ( 2,983 )

Variable rental amounts earned 716 732 2,290 2,130

Earned income from direct financing leases 657 675 1,986 2,036

Interest income from sales-type leases 473 14 947 29 326 1,420 354

Operating expenses billed to tenants 6,435 5,752 17,146 15,491

Other income from real estate transactions 4 63 36 139 722 43 759 183

Adjustment to revenue recognized for uncollectible rental amounts billed, net ( 118 ) ( 10 ) 352 ( 917 )

Total lease revenues, net $ 121,867 $ 114,167 $ 365,577 $ 335,844

Note 6: Intangible Assets and Liabilities, and Leasing Fees 25 changes

Leasing fees $ 29,257 $ 22,643

Ended June 30, For the Six Months

The following is a summary of intangible assets and liabilities, and leasing fees, and related accumulated amortization: (in thousands) June 30,

(in thousands) September 30,

Acquired above-market leases $ 40,645 40,134 $ 41,082

Less accumulated amortization (21,370) ( 21,479 ) ( 20,574 )

Acquired above-market leases, net 19,275 18,655 20,508

Acquired in-place leases 416,170 418,512 423,920

Less accumulated amortization (184,906) ( 188,945 ) ( 176,418 )

Acquired in-place leases, net 231,264 229,567 247,502

Total intangible lease assets, net $ 250,539 248,222 $ 268,010

Acquired below-market leases $ 91,159 90,240 $ 91,670

Less accumulated amortization (52,929) ( 53,894 ) ( 50,143 )

Intangible lease liabilities, net $ 38,230 36,346 $ 41,527

Leasing fees $ 31,563 $ 22,643

Less accumulated amortization (8,649) ( 9,123 ) ( 7,760 )

Leasing fees, net $ 20,608 22,440 $ 14,883

Amortization of intangible lease assets and liabilities, and leasing fees was as follows: (in thousands) Financial Statement Presentation For the Three Months

(in thousands) Financial Statement Presentation For the Three Months

Ended September 30, For the Nine Months

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Acquired in-place leases and leasing fees Depreciation and amortization $ 9,066 8,010 $ 10,820 8,220 $ 17,134 25,145 $ 18,764 26,984

Above-market and below-market leases Lease revenues, net 1,018 1,192 2,034 2,257 1,015 1,199 3,049 3,456

For the three and six nine months ended June September 30, 2026, amortization of all intangible i ntangible assets and liabilities includes $1.0 $ 1.0 million of accelerated amortization resulting from an early lease termination. terminations. For the three and six nine months ended June September 30, 2025, amortization of all intangible assets and liabilities includes $4.7 $ 0.3 million and $5.0 $ 5.3 million, respectively, of accelerated amortization resulting from early lease terminations.

Estimated future amortization of intangible assets and liabilities, and leasing fees at June September 30, 2026 is as follows: (in thousands)

Remainder of 2026 $ 13,865 7,096

Note 7: Unsecured Credit Agreements and Unsecured Notes 28 changes

The following table summarizes the Company s unsecured credit agreements and unsecured notes: (in thousands, except interest rates) June 30,

(in thousands, except interest rates) September 30,

1 unchanged paragraph

Unsecured revolving credit facility $ 447,376 555,438 $ 266,036 applicable reference rate + 0.85% 0.80 % (a)

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2027 Unsecured Term Loan 200,000 200,000 daily simple SOFR + 0.95% (c) 0.90 % (b)

2028 Unsecured Term Loan 500,000 500,000 one-month SOFR + 0.95% (b) 0.90 % (c)

2029 Unsecured Term Loan 300,000 300,000 daily simple SOFR + 0.95% (c) 0.90 % (b)

2030 Unsecured Term Loan 100,000 one-month SOFR + 0.90 % (c)

Total unsecured term loans 1,000,000 1,100,000 1,000,000

Unamortized debt issuance costs, net (4,577) ( 4,702 ) ( 5,781 )

Total unsecured term loans, net 995,423 1,095,298 994,219

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Unamortized debt issuance costs and original issuance discounts, net (8,448) ( 8,038 ) ( 9,262 )

Total senior unsecured notes, net 1,191,552 1,191,962 1,190,738

Total unsecured debt, net $ 2,634,351 2,842,698 $ 2,450,993

(a) At June September 30, 2026 and December 31, 2025, a balance of $377.0 $ 485.0 million and $193.0 $ 193.0 million, respectively, was subject to daily simple SOFR. The remaining balance of $100.0 $ 100.0 million Canadian Dollars ( CAD ) borrowings remeasured to $70.4 $ 70.4 million United States Dollars ( USD ) and $73.0 $ 73.0 million USD, at June September 30, 2026 and December 31, 2025, respectively, and was subject to daily simple CORRA of 2.34% 2.31 % and 2.30% 2.30 % at June September 30, 2026 and December 31, 2025, respectively. At June September 30, 2026, we had $542.1 $ 428.8 million of available capacity under our unsecured revolving credit facility, inclusive of $ 15.7 million of standby letter of credits outstanding, as noted below.

(c) (b) At June September 30, 2026 and December 31, 2025, overnight SOFR was 3.68% 3.90 % and 3.87%, 3.87 %, respectively.

(b) (c) At June September 30, 2026 and December 31, 2025, one-month SOFR was 3.65% 3.91 % and 3.69%, 3.69 %, respectively.

3 unchanged paragraphs

The Company did not incur debt issuance costs during the three and six months ended June 30, 2026, or during the three months ended June 30, 2025 . For the six months ended June 30, 2025, the Company incurred $12.3 million in debt issuance costs associated with the amended and restated unsecured revolving credit facility and 2028 Unsecured Term Loan, which have been deferred and are being amortized over the term of the associated debt.

(g) The 2030 Unsecured Term Loan contains two twelve-month extension options subject to certain conditions, including the payment of an extension fee equal to 0.125 % of the aggregate principal amount of the loans outstanding under the 2030 term loan facility.

At June September 30, 2026, the weighted average interest rate on all outstanding borrowings was 4.49% 4.52 % exclusive of interest rate swap agreements, and 4.12% 4.19 % inclusive of interest rate swap agreements.

The Company is subject to various financial and operational covenants and financial reporting requirements pursuant to its unsecured credit agreements. These covenants require the Company to maintain certain financial ratios. As of June September 30, 2026, and for all periods presented, the Company believes it was in compliance with all of its loan covenants. Failure to comply with the covenants would result in a default which, if the Company were unable to cure or obtain a waiver from the lenders, could accelerate the repayment of the obligations. Further, in the event of default, the Company may be restricted from paying dividends to its stockholders in excess of dividends required to maintain its REIT qualification. Accordingly, an event of default could have a material effect on the Company.

On July 28, 2026, the Company amended the unsecured revolving credit agreement, which also governs the 2028 Unsecured Term Loan, to provide a new $ 300.0 million senior unsecured delayed draw term loan maturing on January 30, 2030 (the 2030 Unsecured Term Loan ). The 2030 Unsecured Term Loan is available to be drawn during the twelve month period following the effective date of the amendment. In September 2026, the Company drew $ 100.0 million, and $ 200.0 million remained available to be drawn at September 30, 2026. Borrowings are subject to interest only payments at variable rates equal to one-month SOFR plus a margin based on the Company's credit rating, ranging between 0.750 % and

1.550 % per annum. Based on the Company s current credit rating, the applicable margin was 0.900 % as of September 30, 2026. The Company expects to use proceeds from the 2030 Unsecured Term Loan for investment activity and general corporate purposes. The amendment also reduced the applicable SOFR-based margin on the 2028 Unsecured Term Loan to 0.900 % from 0.950 %, and on borrowings under the unsecured revolving credit facility to 0.800 % from 0.850 %, based on the Company s current credit rating. The Company may issue letters of credit up to $ 50.0 million under the unsecured revolving credit facility (increased from $ 20.0 million by the July 28, 2026 amendment). At September 30, 2026, the Company had $ 15.7 million of standby letters of credit outstanding, which reduce the borrowing capacity under the facility. The letters of credit primarily support the Company's build-to-suit transactions. No draws were outstanding on the standby letters of credit as of September 30, 2026.

On July 28, 2026, the Company also amended the term loan credit agreement governing the 2027 Unsecured Term Loan and the 2029 Unsecured Term Loan to reduce the applicable SOFR-based margin to 0.900 % from 0.950 % based on the Company s current credit rating. All remaining terms of the term loan credit agreement remained the same.

For each separate debt instrument, on a lender by lender basis, in accordance with ASC 470-50, Debt Modifications and Extinguishment , the Company performed an assessment of whether the transaction was deemed to be new debt, a modification of existing debt, or an extinguishment of existing debt. Debt issuance costs are either deferred and amortized over the term of the associated debt or expensed as incurred. The 2030 Unsecured Term Loan was deemed to be new debt. The 2026 amendments to the unsecured revolving credit agreement and term loan credit agreement were deemed to be modifications of existing debt.

During the three and nine months ended September 30, 2026, the Company incurred debt issuance costs of $ 2.2 million, associated with the 2030 Unsecured Term Loan. These costs were initially recorded in Prepaid expenses and other assets and are not amortized until the related borrowings are drawn. Upon the $ 100.0 million draw, $ 0.7 million of these costs, proportionate to the amount drawn, were reclassified as a reduction of the carrying amount of the debt and is being amortized over the term of the 2030 Unsecured Term Loan. The remaining $ 1.5 million is included in Prepaid expenses and other assets and will be reclassified as the remaining commitments are drawn.

During the three and nine months ended September 30, 2025, the Company incurred debt issuance costs of $ 6.3 million and $ 18.6 million, respectively, associated with the unsecured credit agreement and 2032 Senior Unsecured Public Notes. With respect to the 2025 amendments to the unsecured credit agreement, the transactions were deemed to be modifications of debt, and therefore the associated debt issuance costs were deferred and are being amortized over the terms of the associated debt. With respect to the 2032 Senior Unsecured Public Notes, the transaction was determined to be new debt and the associated debt issuance costs were deferred and are being amortized over the term of the associated debt.

1 unchanged paragraph

For the Three Months Ended June September 30, For the Six Nine Months Ended June September 30, (in thousands) 2026 2025 2026 2025

Debt issuance costs and original issuance discount amortization $ 1,641 1,629 $ 1,328 1,358 $ 3,268 4,897 $ 2,565 3,923

Note 8: Mortgages 8 changes

2 unchanged paragraphs

2026 December 31, 2025

Wilmington Trust National Association Apr. 2019 Feb. 2028 4.92% 4.92 % $ 40,640 40,262 $ 41,393 (a) (b) (c) (d)

1 unchanged paragraph

Total mortgages 40,640 40,262 56,717

1 unchanged paragraph

Mortgages, net $ 40,640 40,262 $ 56,689

5 unchanged paragraphs

At June September 30, 2026, investment in rental property with a net book value of $55.7 $ 55.2 million was pledged as collateral against the Company s mortgages. mortgage.

Estimated future principal payments to be made under the above mortgages and the Company s unsecured credit agreements (see Note 7) at June September 30, 2026 are as follows: (in thousands)

Remainder of 2026 $ 766 388

Certain of The Company s mortgages provide mortgage provides for prepayment fees and can be terminated under certain events of default as defined under the related agreements. agreement. These prepayment fees are not reflected as part of the table above.

Note 9: Interest Rate Swaps 42 changes

The following is a summary of the Company s outstanding interest rate swap agreements: (in thousands, except interest rates) June 30, 2026 December 31, 2025

(in thousands, except interest rates) September 30, 2026 December 31, 2025

2 unchanged paragraphs

Capital One, National Association July 2026 1.32% daily compounded SOFR $ 35,000 $ $ 35,000 $ 410

Bank of Montreal December 2026 2.33% 2.33 % daily compounded SOFR $ 10,000 79 $ 43 $ 10,000 $ 116

Bank of Montreal December 2026 1.99% 1.99 % daily compounded SOFR 25,000 241 129 25,000 373

Toronto-Dominion Bank March 2027 2.46% 2.46 % daily compounded CORRA 14,075 14,088 (a)

Wells Fargo Bank, N.A. April 2027 2.72% 2.72 % daily compounded SOFR 25,000 243 198 25,000 224

Bank of Montreal December 2027 2.37% 2.37 % daily compounded SOFR 25,000 622 687 25,000 494

Capital One, National Association December 2027 2.37% 2.37 % daily compounded SOFR 25,000 621 686 25,000 493

Wells Fargo Bank, N.A. January 2028 2.37% 2.37 % daily compounded SOFR 75,000 1,878 2,086 75,000 1,485

Bank of Montreal May 2029 2.09% 2.09 % daily compounded SOFR 25,000 1,320 1,696 25,000 1,084

Regions Bank May 2029 2.11% 2.11 % daily compounded SOFR 25,000 1,304 1,681 25,000 1,067

Regions Bank June 2029 2.03% 2.03 % daily compounded SOFR 25,000 1,365 1,740 25,000 1,136

U.S. Bank National Association June 2029 2.03% 2.03 % daily compounded SOFR 25,000 1,365 1,741 25,000 1,135

Regions Bank August 2029 2.58% 2.58 % one-month SOFR 100,000 3,766 5,583 100,000 2,501

Toronto-Dominion Bank August 2029 2.58% 2.58 % one-month SOFR 45,000 1,712 2,531 45,000 1,145

U.S. Bank National Association August 2029 2.65% 2.65 % one-month SOFR 15,000 539 815 15,000 345

U.S. Bank National Association August 2029 2.58% 2.58 % one-month SOFR 100,000 3,775 5,597 100,000 2,508

U.S. Bank National Association August 2029 1.35% 1.35 % daily compounded SOFR 25,000 1,951 2,328 25,000 1,793

Toronto-Dominion Bank December 2030 3.66% 3.66 % daily simple SOFR 70,000 505 2,702 70,000 ( 835 )

Regions Bank December 2030 3.66% 3.66 % daily simple SOFR 55,000 387 2,108 55,000 ( 666 )

Regions Bank March 2032 2.69% 2.69 % daily compounded CORRA 14,075 14,088 (a)

U.S. Bank National Association March 2032 2.70% 2.70 % daily compounded CORRA 14,075 14,088 (a)

Bank of Montreal March 2034 2.81% 2.81 % daily compounded CORRA 28,151 28,174 (b)

5 unchanged paragraphs

Total Swaps $ 800,376 $ 23,271 $ 943,035 $ 16,747

Capital One, National Association July 2026 1.32 % daily compounded SOFR 35,000 410

Total Swaps $ 765,438 $ 36,026 $ 943,035 $ 16,747

2 unchanged paragraphs

At June September 30, 2026, the weighted average interest rate on all outstanding borrowings was 4.12%, 4.19 %, inclusive of a weighted average fixed rate on effective interest rate swaps of 2.55%. 2.61 %.

In connection with the issuance of the 2032 Senior Unsecured Public Notes in September 2025 and repayment of outstanding borrowings of variable rate debt indexed to the daily simple SOFR rate, the Company terminated interest rate swap agreements with an aggregate termination value of $ 6.7 million. The Company determined it is not probable the hedged forecasted transactions will occur during the original periods, and therefore the $ 6.1 million of accumulated losses held in other comprehensive income (loss) were reclassified to interest expense during the three and nine months ended September 30, 2025. Additionally, in September 2025, the Company entered into interest rate swap agreements indexed to the 7-year U.S. Treasury for an aggregate notional amount of $ 300.0 million in connection with the issuance of the 2032 Senior Unsecured Public Notes. These interest rate swaps were terminated upon issuance of the 2032 Senior Unsecured Public Notes. The Company determined it is probable the hedged forecasted transaction will occur during the original periods, and therefore $ 0.6 million of accumulated losses held in other comprehensive income (loss) are being amortized over the original term of the swap agreement, which ends in August 2032.

7 unchanged paragraphs

2026 $ 3,934 Interest expense $ 2,067 $ 25,785

2025 (10,463) Interest expense 4,737 21,112

(in thousands) Location Amount of Gain (Loss)

For the Three Months Ended June September 30,

2026 $ 12,754 Interest expense $ 1,939 $ 26,738

2025 ( 4,981 ) Interest expense ( 1,419 ) 28,230

7 unchanged paragraphs

For the Six Months Ended June 30,

2026 $ 6,525 Interest expense $ 4,227 $ 51,045

2025 (30,355) Interest expense 9,470 41,186

For the Nine Months Ended September 30,

2026 $ 19,279 Interest expense $ 6,166 $ 77,783

2025 ( 35,336 ) Interest expense 8,051 69,416

Amounts related to the interest rate swaps expected to be reclassified out of Accumulated other comprehensive income to Interest expense during the next twelve months are estimated to be a gain of $9.0 $ 12.1 million.

Note 10: Non-Controlling Interests 5 changes

The Company has seven eight entities with non-controlling interests that are consolidated: the OP and interests in six seven consolidated VIEs not wholly-owned by the Company (See Principles of Consolidation within Note 2).

2 unchanged paragraphs

June September 30, For the Six Nine Months Ended

1 unchanged paragraph

Value of units exchanged $ $ $ $ 3,882

OP Units exchanged for shares of common stock 244 142 86 142 330

Value of units exchanged $ 2,175 $ 1,329 $ 2,175 $ 5,211

Note 11: Credit Risk Concentrations 2 changes

The Company maintained bank balances that, at times, exceeded the federally insured limit during the six nine months ended June September 30, 2026. The Company has not experienced losses relating to these deposits and management does not believe that the Company is exposed to any significant credit risk with respect to these amounts based on the financial position and capitalization of the applicable banks.

For the six nine months ended June September 30, 2026 and 2025, the Company had no individual tenants or common franchises that accounted for more than 10% of Lease revenues, net, excluding lease termination fees.

Note 12: Equity 11 changes

Forward Equity Offering

In August 2026, the Company completed a public offering to sell 11,000,000 shares of common stock at a price of $ 20.50 per share, subject to certain adjustments, in connection with forward sale agreements. The underwriters exercised in full their option to purchase an additional 1,650,000 shares, for an aggregate of 12,650,000 shares. The Company expects to settle the forward sale agreements by the September 2027 maturity date. As of September 30, 2026, the Company anticipates the forward sale agreements will provide net proceeds of approximately $ 247.7 million. The Company has not settled any part of the forward sale agreements as of September 30, 2026.

2 unchanged paragraphs

The following table presents information about the Company s ATM Programs that were in place during 2025 and 2026 (in thousands) Program Size Total Shares Sold Total Shares Settled Total Shares Unsettled as of June 30, 2026 Total Net Proceeds Anticipated or Received from Shares Sold and 2025:

(in thousands) Program Size Total Shares Sold Total Shares Settled Total Shares Unsettled as of September 30, 2026 Total Net Proceeds Anticipated or Received from Shares Sold

(a) After considering the shares of common stock sold subject to forward sale agreements, the Company has $237.3 $ 200.0 million of capacity remaining under the ATM Program at June September 30, 2026.

(b) The Company has the option to settle all outstanding shares of common stock from forward sale agreements at any time before contracted settlement dates that are commonly structured as approximately twelve-months from each respective sale date for net proceeds of approximately $124.3 $ 161.6 million.

2 unchanged paragraphs

June September 30, For the Six Nine Months Ended

1 unchanged paragraph

Shares of common stock sold 2,190 5,908 1,814 7,722

Weighted average gross sales price $ 20.77 21.43 $ $ 19.74 20.13 $

2 unchanged paragraphs

Inclusive of the forward equity offering, the total outstanding net proceeds from forward sale agreements, if settled as of September 30, 2026, are approximately $ 409.3 million.

1 unchanged paragraph

The Company has a stock repurchase program (the Repurchase Program ), which authorizes the Company to repurchase up to $150.0 $ 150.0 million of the Company s common stock. On February 13, 2026, the Company s Board of Directors re-authorized the Repurchase Program for a twelve-month period ending on March 14, 2027. The Repurchase Program may be extended, suspended, or discontinued at any time. Under the Repurchase Program, repurchases of the Company s stock can be made in the open market or through private transactions from time to time over the twelve-month period, depending on prevailing market conditions and compliance with applicable legal and regulatory requirements. The timing, manner, price, and amount of any repurchases of common stock under the Repurchase Program will be determined at the Company s discretion, using available cash resources. During the six nine months ended June September 30, 2026 and 2025, no shares of the Company s common stock were repurchased under the Repurchase Program.

Note 13: Stock-Based Compensation 37 changes

1 unchanged paragraph

During the three and six nine months ended June September 30, 2026, the Company awarded 41,770 592 and 300,449 301,041 shares of restricted stock awards ( RSAs ), respectively, to officers, employees, and non-employee directors under the Company s equity incentive plan. During the three and six nine months ended June September 30, 2025, the Company awarded 50,104 1,180 and 315,976 317,156 shares of RSAs, respectively, to officers, employees, and non-employee directors under the Company s equity incentive plan. The holder of RSAs is generally entitled at all times on and after the date of issuance of the restricted common shares to exercise the rights of a stockholder of the Company, including the right to vote the shares and the right to receive dividends on the shares. The RSAs vest over a one -, three -, four -, or five-year period from the date of the grant and are subject to the holder s continued service through the applicable vesting dates and in accordance with the terms of the individual award agreements. The weighted average value of awards granted per share during the three and six nine months ended June September 30, 2026, were $19.65 $ 22.40 and $19.37, $ 19.37 , respectively, which were based on the market price per share of the Company s common stock on the grant dates. The weighted average value of awards granted per share during the three and six nine months ended June September 30, 2025, were $16.20 $ 16.24 and $16.75, $ 16.75 , respectively.

2 unchanged paragraphs

June September 30, For the Six Nine Months Ended

1 unchanged paragraph

Compensation cost $ 1,625 $ 1,460 $ 3,122 $ 2,802

Compensation cost $ 1,644 $ 1,466 $ 4,766 $ 4,268

Dividends declared on unvested RSAs 322 311 648 624 969 934

Fair value of shares vested during the period 984 892 5,175 3,779

As of June September 30, 2026, there was $13.2 $ 11.6 million of unrecognized compensation costs cost related to the unvested restricted shares, which is expected to be recognized over a weighted average period of 2.6 2.5 years.

1 unchanged paragraph

For the Three Months Ended June September 30,

2 unchanged paragraphs

Unvested at beginning of period 1,113 $ 16.32 1,080 $ 15.64

Granted 42 19.65 50 16.20

Vested (51) 16.20 (55) 15.23

Forfeited (5) 16.25 (4) 16.85

For the Six Months Ended June 30,

Unvested at end beginning of period 1,099 $ 16.44 1,071 $ 15.69

Granted 1 22.40 1 16.24

Forfeited ( 1 ) 16.85

Unvested at end of period 1,100 $ 16.45 1,071 $ 15.69

For the Nine Months Ended September 30,

3 unchanged paragraphs

Granted 300 19.37 316 16.75

Granted 301 19.37 317 16.75

1 unchanged paragraph

Forfeited (5) 16.48 (7) 16.54

Forfeited ( 5 ) 16.62 ( 8 ) 16.60

Unvested at end of period 1,099 16.44 1,100 $ 16.45 1,071 $ 15.69

1 unchanged paragraph

During the six nine months ended June September 30, 2026 and 2025, the Company issued target grants of 260,729 and 246,967 of performance-based restricted stock units ( PRSUs ), respectively, under the Company s equity incentive plan to the executive officers of the Company. The awards are non-vested restricted stock units where the vesting percentages and the ultimate number of units vesting will be measured 50% 50 % based on the relative total shareholder return ( rTSR ) of the

Company s common stock as compared to the rTSR of peer companies, as identified in the grant agreements, over a three-year period, and 50% 50 % based on the rTSR of the Company s common stock as compared to the rTSR of the MSCI US REIT Index over a three-year measurement period. Vesting percentages range from 0% 0 % to 200% 200 % with a target of 100%. 100 %. rTSR means the percentage appreciation in the fair market value of one share over the three-year measurement period beginning on the date of grant, assuming the reinvestment of dividends on the ex-dividend date. The target number of units is based on achieving a rTSR equal to the 55 th percentile of the peer companies and MSCI US REIT Index. For PRSUs issued during the six nine months ended June September 30, 2026 and 2025 that achieve a percentile rank of at least the 55 th percentile, and the absolute rTSR of the Company is negative for the performance period, the awards will be reduced by 25%, 25 %, not to result in a reduction less than target. Recipients of PRSU awards issued during the three nine months ended June September 30, 2026 are eligible to receive additional PRSUs equal to additional 25% 25 % of their respective target awards if the absolute rTSR reaches 24%, 24 %, and an additional 50% 50 % vesting if the rTSR reaches 36%, 36 %, with linear interpolation if the rTSR is between 24% 24 % and 36% 36 % . Dividends accrue during the measurement period and will be paid on the PRSUs ultimately earned at the end of the measurement period in either cash or common stock, at the discretion of the Compensation Committee of the Board of Directors. The grant date fair value of the PRSUs was measured using a Monte Carlo simulation model based on assumptions including share price volatility.

2 unchanged paragraphs

June September 30, For the Six Nine Months Ended

1 unchanged paragraph

Compensation cost $ 1,234 $ 1,011 $ 2,303 $ 1,816

Compensation cost $ 1,248 $ 1,022 $ 3,551 $ 2,838

As of June September 30, 2026, there was $9.4 $ 8.2 million of unrecognized compensation costs cost related to the unvested PRSUs, which is expected to be recognized over a weighted average period of 2.2 2.0 years.

1 unchanged paragraph

For the Three Months Ended June September 30,

2 unchanged paragraphs

For the Six Months Ended June 30,

Unvested at beginning of period 704 $ 20.13 21.12 606 $ 20.13

Unvested at end of period 704 20.13 $ 21.12 606 $ 20.13

For the Nine Months Ended September 30,

5 unchanged paragraphs

Unvested at end of period 704 20.13 $ 21.12 606 $ 20.13

Non-Employee Director Stock Compensation

In July 2026, the Board of Directors amended the Company s Non-Employee Director Compensation Policy to permit each non-employee director to elect to receive all or a portion of their annual cash retainers in the form of fully vested shares of the Company s common stock, in lieu of cash, issued under the Company s equity incentive plan. Retainers are paid quarterly in arrears, and share settlements will begin with the third quarter 2026 retainers, which will be paid in the fourth quarter of 2026. No shares had been issued under the policy as of September 30, 2026.

Note 14: Earnings per Share 20 changes

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and 20 more changes in the filing

Note 15: Supplemental Cash Flow Disclosures 11 changes

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and 11 more changes in the filing

Note 16: Commitments and Contingencies 29 changes

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and 29 more changes in the filing

Note 17: Subsequent Events 9 changes

and 9 more changes in the filing

Forward-looking statements 440 changes

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and 440 more changes in the filing

Market risk 2 changes

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and 2 more changes in the filing

Controls and procedures 2 changes

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and 2 more changes in the filing

Other information 6 changes

and 6 more changes in the filing

Exhibits 10 changes

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and 10 more changes in the filing