Broadstone Net Lease Inc Stock Price, News & Analysis

Broadstone Net Lease (NYSE: BNL) reached substantial completion on the first of two MRO hangars at Dayton International Airport supporting Sierra Nevada’s U.S. Air Force work; contractual rent began on Nov 1, 2025 and will scale to stabilized levels as remaining construction finishes.

The company secured land and started construction on two off-market build-to-suit retail developments for Hobby Lobby and Academy Sports, which are expected to deliver in Q3 and Q4 2026. BNL said the second Sierra Nevada MRO targets substantial completion in Q1 2026 and added $21 million to its committed build-to-suit pipeline.

The release includes a portfolio table showing $596.1M estimated total project investment, $363.6M cumulative investment to date, and $221.6M estimated remaining investment across in-process and stabilized developments.

Broadstone Net Lease (NYSE: BNL) reported third-quarter 2025 results on October 29, 2025. The company reported AFFO of $74.3M ($0.37/share), a 5.7% quarterly increase, and net income of $27.1M ($0.14/share), down 26.3% year-over-year. BNL invested $203.9M in the quarter and $552.6M year-to-date (through Oct. 24). Portfolio occupancy remained high at 99.5% leased and 100% of base rents were collected for the quarter. The company completed a $350M 5.00% senior notes offering and ended the quarter with Net Debt $2.3B and a Net Debt/Annualized Adjusted EBITDAre ratio of 5.7x. BNL raised full-year AFFO guidance to $1.49–$1.50 per share.

Broadstone Net Lease (NYSE: BNL) will release third quarter 2025 financial and operating results for the period ended September 30, 2025 after market close on Wednesday, October 29, 2025.

The company will host an earnings conference call and listen-only audio webcast on Thursday, October 30, 2025 at 11:00 a.m. ET. Live webcast access and international dial-in numbers are provided, and a replay will be available approximately one hour after the call and posted on the investor website for one year.

Broadstone Net Lease (NYSE: BNL) has successfully completed a public offering of $350 million in senior unsecured notes through its operating partnership. The notes carry a 5.000% interest rate and will mature on November 1, 2032.

The notes were priced at 99.151% of the principal amount and are guaranteed by BNL. The company plans to use the proceeds to fund potential acquisitions, repay outstanding debt under its $1 billion revolving credit facility and term loans, and for general corporate purposes.

The offering was managed by multiple financial institutions, with J.P. Morgan Securities, Truist Securities, and U.S. Bancorp Investments serving as joint lead book-running managers.

Broadstone Net Lease (NYSE: BNL) has announced the pricing of $350 million in senior unsecured notes due 2032. The notes, priced at 99.151% of principal, will carry a 5.000% interest rate and mature on November 1, 2032.

The offering, expected to close on September 26, 2025, will be managed by multiple financial institutions, with J.P. Morgan Securities, Truist Securities, and U.S. Bancorp Investments acting as joint lead book-running managers. The company plans to use the proceeds to fund acquisitions, repay existing debt including amounts under its $1 billion revolving credit facility, and for general corporate purposes.

Broadstone Net Lease (NYSE: BNL) reported strong Q2 2025 results, with AFFO of $74.3 million ($0.38 per share), representing a 5.6% increase year-over-year. The company's portfolio maintained a 99.1% occupancy rate with impressive rent collection of 99.6%.

BNL invested $140.8 million during Q2, including $63.3M in build-to-suit developments and $54.7M in industrial property acquisition. The company has eight in-process developments with an estimated remaining investment of $268.6 million. Due to strong performance, BNL raised its full-year 2025 AFFO guidance to $1.48-$1.50 per share, representing 4.2% growth at the midpoint.

The company declared a quarterly dividend of $0.29 per share and maintains a diversified portfolio of 766 properties across 44 U.S. states and 4 Canadian provinces.

Broadstone Net Lease (NYSE: BNL) has announced three new build-to-suit development projects with a total investment of $61.4 million. The projects include an industrial distribution warehouse in the Dallas MSA for Palmer Distribution Services, a state-of-the-art industrial warehouse in California's Central Valley for AGCO Corporation, and a new grocery store in the Dallas MSA for Sprouts Farmers Market (NASDAQ: SFM).

The company's development pipeline now includes 8 in-process projects totaling 2,252 rentable square feet with a weighted average lease term of 13.0 years and average annual rent escalations of 2.9%. The total estimated project investment across all developments is $371.2 million, with an estimated cash capitalization rate of 7.5% and straight-line yield of 8.9%.

Broadstone Net Lease (NYSE: BNL) has scheduled its second quarter 2025 financial results release for July 30, 2025, after market close. The company will host its earnings conference call and audio webcast the following day on July 31, 2025, at 1:00 p.m. Eastern Time.

U.S. participants can join via phone using the toll-free number 1-833-470-1428 or local number 1-404-975-4839 with access code 819289. The webcast will be available in listen-only mode, and a replay will be accessible for one year through the company's investor relations website.

Broadstone Net Lease (NYSE: BNL) reported significant investment activity in 2025, with $83.3M invested quarter-to-date ($54.7M in acquisitions, $28.6M in build-to-suit developments) and $171.7M year-to-date. The company has $191.6M of new property acquisitions under control, primarily in industrial ($170.2M) and retail ($21.4M) properties. BNL sold two healthcare assets for $5.5M, reducing Clinical & Surgical healthcare properties to 2.4% of total ABR. The company exercised a $100M draw feature on its term loan, increasing it to $500M, and maintained strong rent collection at 99.1% year-to-date. Currently managing multiple development projects with a total estimated investment of $512.4M, featuring properties for tenants including Sierra Nevada, Southwire, and Fiat Chrysler, with weighted average lease terms of 13.9 years.