Broadstone Net Lease Earnings Reports

Broadstone Net Lease delivered stable financial performance in Q4 2024, reporting net income of $27.6 million and AFFO of $70.5 million. The company maintained strong leasing activity with a 99.2% rent collection rate and continued its strategic investment and disposition efforts.

Broadstone Net Lease announced its Q3 2024 operating results, featuring investments of $93.9 million in new property acquisitions and development fundings. The company generated a net income of $37.3 million, or $0.19 per share, and an AFFO of $70.2 million, or $0.35 per share. The portfolio remained strong with 99.0% leased occupancy and 99.1% rent collection.

Broadstone Net Lease reported a solid second quarter with significant investment activity totaling $247.8 million, including new property acquisitions, transitional capital, and development fundings. The company generated a net income of $35.9 million, or $0.19 per share, and AFFO of $70.4 million, or $0.36 per share. The portfolio remains strong at 99.3% leased with 99.0% rent collection.

Broadstone Net Lease reported a strong first quarter in 2024, marked by strategic investment and disposition activities. The company invested $40.1 million and sold 39 properties for $274.0 million, achieving a net income of $68.2 million, or $0.35 per share, and an AFFO of $70.9 million, or $0.36 per share. With a focus on healthcare portfolio simplification and a resilient balance sheet, Broadstone Net Lease is positioned for sustainable growth.

Broadstone Net Lease reported its Q4 2023 results, highlighting investment activity, operating results, and a healthcare portfolio simplification strategy. The company collected 99.2% of base rents, invested $64.1 million in properties, and sold properties for $16.5 million, achieving a gain over original purchase price.

Broadstone Net Lease announced its Q3 2023 results, highlighting strategic investments in development projects and revenue generating capital expenditures. The company maintained a strong portfolio with high rent collections and occupancy, and opportunistically disposed of assets. BNL affirmed its full-year AFFO per share guidance range.

Broadstone Net Lease reported a solid second quarter with strategic investments of $64.9 million in industrial properties and dispositions of $69.4 million. The company collected 99.9% of base rents, maintained a 99.4% leased portfolio, and generated a net income of $63.0 million, or $0.32 per share, and AFFO of $69.0 million, or $0.35 per share.

Broadstone Net Lease reported a net income of $41.4 million, or $0.21 per share, and AFFO of $67.5 million, or $0.34 per share, for the quarter ended March 31, 2023. The company invested $20.0 million in three properties and sold six properties for gross proceeds of $94.3 million. They collected 100% of base rents and maintained a 99.4% leased portfolio.

Broadstone Net Lease reported strong Q4 2022 results, with significant investment activity, high rent collection rates, and a well-leased portfolio. The company generated net income of $36.8 million and AFFO of $65.6 million, demonstrating growth over the prior year. With a solid leverage profile and ample liquidity, BNL is positioned to selectively pursue attractive investment opportunities in 2023.

Broadstone Net Lease announced its Q3 2022 results, featuring $204.5 million in investment activity, 100% rent collection, and a portfolio that was 99.3% leased. Net income was $28.7 million, or $0.16 per share, and AFFO was $63.4 million, or $0.35 per share.

Broadstone Net Lease announced strong second quarter results, with a focus on diversification through strategic property acquisitions and a solid balance sheet supported by capital markets activity. The company invested $182.4 million in 15 properties and maintained a high portfolio occupancy rate.

Broadstone Net Lease reported a record first quarter with $210 million invested in 27 properties. The company collected 100% of base rents, and occupancy remained consistent at 99.8%. Net income was $28.4 million, or $0.16 per share, and adjusted funds from operations were $60.4 million, or $0.35 per share.

Broadstone Net Lease reported strong Q4 2021 results, with AFFO of $0.34 per share, representing a 9.2% increase over Q4 2020 annualized results.

Broadstone Net Lease announced its Q3 2021 operating results, featuring investments of $225.9 million in 18 properties, a successful $375 million public bond offering, an upgraded credit rating from Moody's, and the establishment of a $400 million ATM program. The company reported net income of $30.5 million, or $0.18 per share, and AFFO of $55.8 million, or $0.33 per share. They also collected 100% of base rents and increased occupancy to 99.8%.

Broadstone Net Lease reported a successful second quarter, marked by $194.0 million invested in 34 properties, 100% rent collection, and consistent occupancy at 99.7%. The company generated net income of $22.8 million, or $0.14 per share, and AFFO of $52.0 million, or $0.33 per share. They also completed a public follow-on equity offering, issuing 11.5 million common shares for net proceeds of $253.5 million.

Broadstone Net Lease announced its Q1 2021 results, reporting a net income of $24.0 million, or $0.15 per share, and AFFO of $49.4 million, or $0.31 per share. The company invested $87.3 million in 28 properties and collected 99.8% of base rents due. Occupancy increased to 99.7%. The company also raised its 2021 AFFO guidance to $1.28 to $1.34 per diluted share and increased its quarterly dividend by 2.0%.

Broadstone Net Lease reported strong Q4 2020 results, including net income of $17.6 million, or $0.11 per share, and AFFO of $46.9 million, or $0.30 per share. The company invested $100.3 million in 19 properties and collected 98.8% of base rents due for the quarter.

Broadstone Net Lease reported strong third-quarter results, with 97.9% rent collection and solid portfolio performance. The company completed its IPO, refinanced its credit facility, and reduced its leverage. Net income was $9.7 million, or $0.08 per diluted share, and AFFO was $47.1 million, or $0.38 per diluted share.

Broadstone Net Lease reported a 16.4% increase in revenues compared to Q2 2019, driven by portfolio growth and strong operating performance. The company collected 93.0% of second quarter base rents and maintained high occupancy rates despite the COVID-19 pandemic. They also reinstated quarterly distributions.

Broadstone Net Lease, Inc. reported a revenue increase of 14.3% and an AFFO increase of 20.2% compared to Q1 2019. The company successfully completed the internalization of its management functions. Rent collection remained strong at approximately 98%, with a portfolio that is greater than 99% leased. However, the COVID-19 pandemic has led to tenant requests for rent relief, which the company is addressing on a case-by-case basis.

Broadstone Net Lease, Inc. reported a revenue increase of 34.6%, an AFFO increase of 27.7%, and an AFFO per diluted share increase of 7.1% compared to Q4 2018. The company closed five real estate acquisitions totaling approximately $38.2 million and sold 24 properties for net proceeds of $78.6 million.