Broadstone Net Lease Inc Stock Price, News & Analysis

Broadstone Net Lease, Inc. (NYSE: BNL) announced a public offering of 13,000,000 shares of its Common Stock, with an option for underwriters to purchase an additional 1,950,000 shares. The offering is associated with forward sale agreements involving major financial institutions, including Goldman Sachs and J.P. Morgan. Although BNL won't receive immediate proceeds from the offering, it plans to use future proceeds for acquisitions, debt repayment, and working capital. The offering follows a shelf registration statement filed with the SEC on June 23, 2021.

Broadstone Net Lease, Inc. (NYSE: BNL) has reported an acquisition update, revealing an additional $80.2 million in acquisitions since the end of Q2 2022. Currently, BNL has $367.8 million of properties under control, which includes two industrial sale-leaseback transactions worth over $290 million. BNL focuses on industrial, healthcare, restaurant, and retail asset classes and aims to enhance its portfolio through strategic, long-term net leases with varied tenants across North America.

Broadstone Net Lease reported Q2 2022 results, achieving a net income of $35.6 million or $0.20 per share, up from $28.4 million in Q1. The company invested $182.4 million in acquisitions with a 6.4% initial cash cap rate and maintained a 99.8% leased portfolio. BNL also raised $68.3 million by selling 3.2 million shares. A dividend of $0.27 per share was declared for Q3 2022. The AFFO guidance was narrowed to $1.38-$1.40 per diluted share, reflecting increased interest expenses from new loans. Total debt stands at $1.9 billion with a Net Debt to Adjusted EBITDAre ratio of 5.3x.

Broadstone Net Lease (NYSE: BNL) will release its financial results for Q2 2022 on August 3, 2022, after market close. An earnings conference call is scheduled for August 4, 2022, at 10:00 a.m. ET. BNL, a real estate investment trust, focuses on net leased commercial properties, currently managing a diversified portfolio of 752 properties across the U.S. and Canada. The company emphasizes strong credit analysis and prudent underwriting in its investment strategy.

Broadstone Net Lease (NYSE: BNL) announced operating results for Q1 2022, reporting a record $210 million in property investments across 27 properties at a 5.7% cash capitalization rate. They achieved 100% rent collection with occupancy at 99.8%. Net income reached $28.4 million ($0.16/share) while adjusted funds from operations (AFFO) totaled $60.4 million ($0.35/share). The company sold shares for $134.3 million and amended its credit facility to $1 billion. The board declared a dividend of $0.270 per share. Guidance for 2022 AFFO remains between $1.38 and $1.42 per diluted share.

Broadstone Net Lease, Inc. (NYSE: BNL) plans to release its financial and operating results for Q1 2022 after market close on May 3, 2022. An earnings conference call will take place on May 4, 2022, at 1:00 p.m. ET. BNL, a real estate investment trust, manages a diversified portfolio of 726 commercial properties across various sectors, including industrial and healthcare. The company emphasizes its robust credit analysis and real estate underwriting strategies. Investors are advised to review the risks associated with forward-looking statements in the press release.

Broadstone Net Lease (NYSE: BNL) reported robust results for the year and fourth quarter ended December 31, 2021. The company invested $654.7 million in acquisitions, achieving a 100% rent collection rate with an occupancy of 99.8%. Adjusted Funds From Operations (AFFO) grew to $1.31 per share, up 9.2% from Q4 2020. Significant credit ratings upgrades from S&P and Moody’s have strengthened its balance sheet. For 2022, BNL expects AFFO guidance of $1.38 to $1.42 per share, representing a growth rate of 6.9% year-over-year.

Broadstone Net Lease, Inc. (NYSE: BNL) announced the income tax allocation for its 2021 common stock dividends. Shareholders received a distribution of $0.25 per share on record dates of 12/31/2020, 03/31/2021, 06/30/2021, and 09/30/2021, with payment dates on 01/15/2021, 04/15/2021, 07/15/2021, and 10/15/2021, respectively. The ordinary dividend totaled $0.1526399 per share. Investors are encouraged to consult tax advisors for specific tax implications of these dividends.

Broadstone Net Lease, Inc. (NYSE: BNL) will release its financial and operating results for Q4 2021 on February 22, 2022, after market close. An earnings conference call will follow on February 23, 2022, at 1:00 PM ET. As of September 30, 2021, BNL owned a diversified portfolio of 696 net leased commercial properties across 42 US states and Canada, focusing on industrial, healthcare, restaurant, retail, and office sectors. The company emphasizes strong credit analysis and prudent real estate underwriting in its investment strategy.