Broadstone Net Lease Inc Stock Price, News & Analysis

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.

Broadstone Net Lease (BNL) reported its operating results for Q3 2021, highlighting significant investments and financial growth. The company invested $225.9 million in 18 properties, achieving a 6.5% cash cap rate and raising its 2021 acquisition guidance to $600-$700 million. BNL successfully completed a $375 million bond offering at 2.600% and maintained 100% rent collection, improving occupancy to 99.8%. Net income for the quarter was $30.5 million, with AFFO at $55.8 million. A quarterly dividend of $0.265 was declared, up from $0.255. BNL expects AFFO of $1.30-$1.32 for 2021.

Broadstone Net Lease, Inc. (BNL) will release its financial and operating results for the quarter ended September 30, 2021 after market close on November 1, 2021. An earnings conference call is scheduled for November 2, 2021 at 10:00 a.m. ET. As of June 30, 2021, BNL's portfolio consisted of 684 net leased commercial properties across various sectors in 42 U.S. states and Canada. The company emphasizes strong credit analysis and prudent underwriting in its investment strategy.