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Dec 31, 2019
Broadstone Net Lease Q4 2019 Earnings Report
Broadstone Net Lease reported fourth-quarter and full-year results for 2019.
Key Takeaways
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.
Revenues increased 34.6% compared to the quarter ended December 31, 2018.
Adjusted funds from operations (AFFO) increased 27.7% compared to the quarter ended December 31, 2018.
AFFO per diluted share increased 7.1% as compared to the quarter ended December 31, 2018.
Closed five real estate acquisitions totaling approximately $38.2 million.
Broadstone Net Lease
Broadstone Net Lease
Forward Guidance
No specific forward guidance provided in the document.