Broadstone Net Lease Inc Stock Price, News & Analysis

Broadstone Net Lease, Inc. (NYSE: BNL) announced it will release its financial results for the quarter ending March 31, 2023, post-market on May 3, 2023. The earnings conference call is scheduled for May 4, 2023, at 10:30 a.m. ET. BNL provides real estate investment opportunities by acquiring and managing single-tenant commercial properties. As of December 31, 2022, the company owned a diversified portfolio of 804 properties across various sectors. The company emphasizes strong credit analysis and prudent real estate underwriting in its investment strategy. Investors are cautioned that forward-looking statements may involve risks, including economic conditions and tenant financial health, which could affect future results.

Broadstone Net Lease, Inc. (NYSE: BNL) has published its inaugural environmental, social, and governance (ESG) report, underscoring its commitment to responsible corporate citizenship. CEO John Moragne emphasized the report as an essential part of the company's ongoing ESG initiatives, providing valuable insights into recent achievements. The report is accessible on Broadstone's corporate responsibility webpage. As of December 31, 2022, Broadstone's diversified portfolio includes 804 net leased commercial properties across various sectors in the U.S. and Canada.

Broadstone Net Lease, Inc. (NYSE: BNL) has announced a stock repurchase program, authorizing the repurchase of up to $150 million of its outstanding common stock. This program is set to expire on March 14, 2024. The company plans to execute purchases in the open market, depending on market conditions and stock price, while adhering to legal requirements. As of December 31, 2022, BNL's portfolio included 804 net leased commercial properties across the U.S. and Canada.

Broadstone Net Lease, Inc. (NYSE: BNL) reported its operating results for Q4 and full year 2022, indicating strong investment activity with $310.3 million invested in Q4 at a 6.7% capitalization rate. The portfolio remains robust, with a 99.9% rent collection rate and a 99.4% lease occupancy rate. For the full year, BNL's net income increased by 7.5% to $129.5 million, with adjusted funds from operations (AFFO) rising by 6.9% to $252.2 million. The company declared a quarterly dividend of $0.275 and expects 2023 AFFO per share between $1.40 and $1.42, driven by strategic investments and property dispositions.

Broadstone Net Lease, Inc. (NYSE: BNL) appointed Jessica Duran, CFO of TSG Consumer Partners, and Laura Felice, CFO of BJ’s Wholesale Club, to its Board of Directors. Geoffrey Rosenberger will retire after over 15 years of service. Both new appointees bring significant experience in finance and retail, enhancing the board's expertise and strategic direction. The company plans to release its Q4 2022 earnings on February 22, 2023, with an earnings call on February 23, 2023. As of December 31, 2022, BNL manages a portfolio of 804 net leased commercial properties.

Broadstone Net Lease (NYSE: BNL) announced the income tax allocation for its 2022 common stock dividends. Stockholders are advised to consult with tax advisors regarding their specific dividend tax treatment. Key dividends include a distribution of $0.265 per share, with payment dates ranging from January 14 to October 14, 2022. The ordinary dividends total $0.179593 per share, alongside various capital gain distributions. The company holds a diversified portfolio of 804 net leased properties across the U.S. and Canada as of December 31, 2022.

Broadstone Net Lease (NYSE: BNL) announces a senior executive succession plan, effective February 28, 2023. John Moragne, previously Executive VP and COO, will become CEO, succeeding Chris Czarnecki, who will remain in an advisory role until January 31, 2024. Ryan Albano will transition to President & COO, while Kevin Fennell will be promoted to CFO. In Q4 2022, Broadstone invested $310.3 million and collected 99.9% of base rents, highlighting strong operational performance.