Loading...
•
Dec 31, 2025
Broadstone Net Lease Q4 2025 Earnings Report
Broadstone Net Lease reported its fourth quarter and full year 2025 operating results, highlighting consistent execution and a return to growth through its differentiated strategy.
Key Takeaways
Broadstone Net Lease, Inc. announced its operating results for the fourth quarter and full year ended December 31, 2025. The company reported a net income of $35.0 million for the quarter and $99.4 million for the full year. Diluted EPS for the quarter was $0.17, and for the full year, it was $0.50. The company achieved same-store rental revenue growth of 2.9% for the quarter and 2.0% for the full year, driven by strong contractual rent increases and leasing activity. Investment activity for the quarter totaled $315.3 million, including new property acquisitions, build-to-suit developments, and transitional capital.
Net income for Q4 2025 was $35.0 million, with diluted EPS at $0.17.
Achieved same-store rental revenue growth of 2.9% in Q4 2025, driven by strong contractual rent increases and leasing activity.
Invested $315.3 million in Q4 2025, including $176.7 million in new property acquisitions and $78.5 million in build-to-suit developments.
Portfolio was 99.8% leased at quarter-end, with 100.0% of base rents collected for the quarter.
Revenue by Geographic Location
Forward Guidance
For 2026, BNL expects to report AFFO of $1.53 to $1.57 per diluted share, unchanged from previously announced guidance. This guidance is based on anticipated investments in real estate properties, dispositions, and controlled general and administrative expenses.
Positive Outlook
- Expected AFFO of $1.53 to $1.57 per diluted share for 2026, consistent with prior guidance.
- Anticipated investments in real estate properties between $500 million and $625 million.
- Projected dispositions of real estate properties between $75 million and $100 million.
- Total core general and administrative expenses are expected to be between $30 million and $31 million, a slight revision downwards.
- The company maintains momentum and a clear runway ahead entering 2026.
Challenges Ahead
- Per share results are sensitive to the timing and amount of real estate investments.
- Per share results are sensitive to property dispositions.
- Per share results are sensitive to capital markets activities.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...