Broadstone Net Lease Inc Stock Price, News & Analysis

Broadstone Net Lease, Inc. (NYSE: BNL) will announce its financial results for Q3 2022 on November 2, 2022, after market hours. An earnings conference call will follow on November 3 at 11:00 a.m. ET, accessible via a live webcast or by phone. As of September 30, 2022, BNL's portfolio includes 790 net leased commercial properties across the U.S. and Canada, emphasizing a diverse investment strategy. The company acknowledges potential risks in their forward-looking statements, including economic trends and tenant financial health.

Broadstone Net Lease, Inc. (NYSE: BNL) reported significant investment activity for Q3 2022, allocating $204.5 million across 28 properties with a cash cap rate of 6.5%. Year-to-date investments reached $596.9 million, and the company currently holds $368.5 million in investment opportunities. With a portfolio occupancy of 99.3%, BNL reaffirmed its 2022 AFFO guidance between $1.38 and $1.40 per diluted share, reflecting strong operational performance despite potential market risks.

Broadstone Net Lease, Inc. (NYSE: BNL) reported a remarkable 100% base rent collection for Q3 2022. The company has three vacant properties not currently leased. BNL's CEO, Chris Czarnecki, emphasized the strength and resilience of their diversified portfolio amid economic pressures. A business update will be provided before market opening on October 4, 2022, detailing Q3 performance and acquisition activities. As of June 30, 2022, BNL owned 764 net-leased commercial properties across the U.S. and Canada.

Broadstone Net Lease, Inc. (NYSE: BNL) has priced a public offering of 13,000,000 shares of its common stock at $21.35 per share, with a potential additional 1,950,000 shares available to underwriters. Closing is anticipated on August 12, 2022. No immediate proceeds will be received; funds will support acquisitions, repay debts, and cover general corporate purposes. The SEC shelf registration was effective from June 23, 2021.

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.