Broadstone Net Lease Inc Stock Price, News & Analysis

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.

Broadstone Net Lease, Inc. (NYSE: BNL) announced the completion of its public offering of $375 million in senior unsecured notes, with a 2.600% interest rate due by September 15, 2031. The notes were priced at 99.816% of the principal amount. Proceeds will be utilized for acquiring properties, repaying outstanding debts from a $900 million revolving credit facility, and for general corporate expenses. The offering was managed by major financial institutions including J.P. Morgan and Goldman Sachs.

Broadstone Net Lease, Inc. (NYSE: BNL) has announced a public offering of $375 million in senior unsecured notes due September 15, 2031, priced at 99.816% of principal. The expected closing date is also September 15, 2021, subject to customary conditions. Proceeds will fund acquisition opportunities, repay existing debts under BNL's $900 million revolving credit facility, and support general corporate needs. BNL, an internally-managed REIT, manages a diverse portfolio of 684 properties across various sectors as of June 30, 2021.

Broadstone Net Lease, Inc. (BNL) reported strong results for Q2 2021, tightening its AFFO guidance to $1.30-$1.34 per diluted share. The company invested $194 million in 34 properties and collected 100% of base rents, maintaining a 99.7% occupancy rate. Net income reached $22.8 million, while AFFO was $52 million, or $0.33 per share. BNL executed its first public follow-on equity offering, raising $253.5 million to enhance its balance sheet and support future acquisitions. The company also updated its 2021 guidance, anticipating significant investment opportunities.

Broadstone Net Lease (NYSE: BNL) will announce its financial results for Q2 2021 on August 3, 2021, after market close. An earnings conference call is set for August 4, 2021, at 1:30 PM ET. As of March 31, 2021, BNL's portfolio includes 661 commercial properties across the U.S. and Canada. The company emphasizes a strong credit analysis and real estate underwriting strategy. The press release includes cautionary statements about forward-looking risks, particularly related to the COVID-19 pandemic, economic conditions, and tenant financial health.