Broadstone Net Lease

Broadstone Net Lease, Inc. engages in acquiring and holding a single-tenant, commercial real estate properties. It operates through a single segment, which includes the acquisition, leasing, and ownership of net leased properties. The company was founded on October 18, 2007 and is headquartered in Rochester, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Broadstone Net Lease (BNL) excels in Q4, eyes tenant partnerships for growth

Broadstone Net Lease (BNL) showcases strong financial performance, a focus on tenant partnerships, and a commitment to disciplined growth. Challenges include managing tenant rent coverage ratios and navigating management transitions. Opportunities exist in strategic acquisitions and capital allocation efficiency.

Broadstone Net Lease (BNL) reports resilient Q1 performance and strategic growth plans

Broadstone Net Lease (BNL) delivered a solid performance in Q1 2023, maintaining high rent collections, strong occupancy, and financial stability amidst market uncertainties.
The company's strategic approach to capital allocation, asset sales, and debt management reflects a commitment to long-term growth and resilience.
BNL's focus on selective investments, partnerships, and portfolio optimization sets the stage for continued success and growth in the coming years.

Broadstone Net Lease (BNL) excels in Q2 2023, poised for strategic growth

Broadstone Net Lease (BNL) showcased strong operational and financial performance in Q2 2023, driven by portfolio strength and capital efficiency.
The company's strategic focus on long-term value creation, consistent dividends, and prudent growth strategies underpin its resilience and growth potential.
While challenges exist in a dynamic market environment, BNL's opportunities lie in strategic investments, portfolio expansion, and meeting investor expectations for sustained growth.

Broadstone Net Lease posts strong Q3 results amidst market challenges

Broadstone Net Lease (BNL) reported a strong quarter with solid financial performance and revised guidance for 2023, emphasizing selective capital allocation and portfolio diversification.
Despite challenges from rising interest rates and market spreads, BNL remains focused on strategic opportunities in industrial and retail assets, balancing dividend growth with retained cash flow.
The company's strong portfolio performance, high rent collections, and occupancy rates position it well to navigate market uncertainties and explore alternative growth avenues.
BNL's disciplined approach to financial management and focus on future growth opportunities underscore its commitment to delivering value to shareholders and investors.

Broadstone Net Lease reports strong Q4 performance and strategic focus

Broadstone Net Lease (BNL) had a strong Q4 performance, focusing on strategic investments and portfolio simplification. The company is well-positioned for future growth, emphasizing long-term shareholder value and disciplined financial management.

Broadstone Net Lease (BNL) boosts AFFO guidance on strategic investments

Broadstone Net Lease (BNL) delivered strong Q1 2024 performance with increased AFFO, robust rent collections, and strategic investments, signaling growth momentum.
Despite market challenges, BNL's operational resilience, strategic focus on portfolio optimization, and creative deal-making highlight its adaptability and agility.
Confidence in future prospects, commitment to portfolio simplification, and focus on diverse investment opportunities position BNL for sustained growth and value creation.
BNL's emphasis on financial strength, operational efficiency, and strategic direction underscores its resilience and potential for long-term success in the real estate sector.

Broadstone Net Lease (BNL) reports strong Q2 earnings and growth opportunities

Broadstone Net Lease (BNL) reported a strong quarter with significant investments and a focus on growth objectives, maintaining financial stability and strategic planning amidst portfolio shifts.
The company's performance reflects progress on healthcare simplification, a growing investment pipeline, and a proactive approach to built-to-suit opportunities, supported by a strong financial position.
Challenges include managing portfolio composition shifts, evaluating new opportunities, and aligning investment strategies with growth objectives, while opportunities lie in capitalizing on the investment pipeline and reducing rate uncertainty.

Broadstone Net Lease (BNL) reports steady Q3 performance and growth prospects

Broadstone Net Lease (BNL) showcased a resilient performance in Q3 2024, driven by strategic initiatives and operational efficiency.
The company's focus on reducing exposure to clinical health care and expanding in high-potential sectors positions it well for future growth.
While facing credit risks and concentration challenges, BNL's emphasis on build-to-suit opportunities and cautious growth strategies bode well for long-term success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Broadstone Net Lease, Inc. is an internally-managed real estate investment trust, which engages in the investment, ownership, and management of single-tenant commercial real estate properties. The company was founded on October 18, 2007 and is headquartered in Victor, NY.

VICTOR, N.Y.--(BUSINESS WIRE)--Broadstone Net Lease Announces Third Quarter 2023 Results.

Broadstone Net Lease Announces Third Quarter 2023 Results

Broadstone Net Lease is strongly positioned in the net lease REIT sector. Its diversification across geographical locations and sub-sectors makes it resistant to threats such as e-commerce and work from home. Along with that the company's near-perfect occupancy and strong rent escalations are expected to drive FFO growth of at least 4% per year.

Broadstone Net Lease: High Dividend And Good Upside (Rating Upgrade)

Agree Realty

CTO Realty Growth

Hess Midstream Partners

Innovative Industrial Properties

Realty Income Corp

OneMain Hld

Alpine Income Property Trust

W. P. Carey

Dividend growth stocks provide cash flow to investors quarterly or, in some cases, monthly. When share prices are crashing due to a market sell-off, that can provide some comfort as cash continues to flow in.

October's 5 Dividend Growth Stocks With 6.70%+ Yields

VICTOR, N.Y.--(BUSINESS WIRE)--Broadstone Net Lease, Inc. Schedules Third Quarter 2023 Earnings Release and Conference Call.

Broadstone Net Lease, Inc. Schedules Third Quarter 2023 Earnings Release and Conference Call

Broadstone Net Lease (BNL) stock price sold off heavily over the past couple of weeks primarily in sympathy with WPC's dividend cut. The company however is very prudently managed, has no debt maturity at all until 2026, and offers a very high diversification. The sold-off created a great opportunity as the stock trades very cheaply while yielding an astounding 7.8%.

Broadstone Net Lease: 7.8% Yield, Cheap, Safe

BNL has a positive spread of 26 basis points, indicating their ability to create value in the current interest rate environment. The total return that BNL's stock offers to equity investors potentially exceeds the opportunity cost by 245 basis points. Even accounting for the elevated risk posed by three tenants on BNL's watch list, the stock has appeal.

Broadstone Net Lease: A Spread Worth Considering

Spirit Realty Capital

Vanguard Real Estate ETF

Net Lease REITs have sold off this year, creating significant bargains. Several Net Lease REITs offer investors high safe yield at low prices, with strong balance sheets and double-digit upside in share price. This article examines growth, balance sheet, dividend, and valuation metrics for three such companies.

3 Stable High-Yielding Net Lease REITs With Upside

Rising rates, sticky inflation, and weakening economic growth pose challenges for REITs and real estate. Broadstone Net Lease is a young REIT with a well-diversified portfolio and a 7% yield. BNL has high occupancy rates, inflation protection, and a discounted valuation, but higher tenant risk and an 80% payout ratio are considerations.

7% Yield And Undervalued - What To Make Of Broadstone Net Lease?

Shares in Broadstone Net Lease appear undervalued in relation to the market value of their properties. The company is completing dispositions with mid-5% cap rates. Yet shares are trading at an implied cap in the mid-7s. In addition to sizeable upside potential, BNL also provides an attractively yielding dividend payout.

Broadstone Net Lease: Over 20% Upside Potential With 7% Yielding Dividend

Rising interest rates disrupt property markets and make safe income options like CDs more attractive. W. P. Carey's stock is down, but it has a diversified portfolio that gives it multiple levers for long-term growth.

Got $1,000? 2 Stocks to Buy Now While They're on Sale

Broadstone Net Lease is a relatively small net lease REIT. Rising interest rates have upended the acquisition market, which has yet to find an equilibrium.

Rising Rates Are a Problem, but This 6.8% Yielder Is Making the Best of It

Bank of Nova Scotia

BRT Apartments

Cardinal Health

Chimera Investment

Canadian Imperial Bank of Commerce

Cisco Systems

Eastman Chemical

Gap Inc

GlaxoSmithKline

Iron Mountain

Illinois Tool Works

Coca-Cola

Leggett & Platt

Medtronic

MDU Resources Group

Medical Properties Trust

NetApp

Orion Office REIT

Oracle

Paramount Global

Philip Morris

J. M. Smucker

In July, we received a dividend income total of $1,421.13. The $200 dividend from Canada Imperial was reinvested and acquired almost 5 more shares, adding more income. July was probably one of the lowest number of stocks increasing their dividend for me.

Dividend Income Summary: Lanny's July 2023 Summary

Broadstone Net Lease, Inc. (NYSE:BNL ) Q2 2023 Earnings Conference Call August 3, 2023 11:00 AM ET Company Participants Mike Caruso - Senior Vice President, Corporate Strategy and IR John Moragne - Chief Executive Officer Ryan Albano - President and COO Kevin Fennell - Chief Financial Officer Conference Call Participants Ki Bin Kim - Truist Securities Michael Gorman - BTIG John Kim - BMO Capital Markets Ronald Kamdem - Morgan Stanley Operator Hello. And welcome to Broadstone Net Lease's Second Quarter 2023 Earnings Conference Call.

Broadstone Net Lease, Inc. (BNL) Q2 2023 Earnings Call Transcript

Essential Properties Realty Trust Inc

Major real estate investment trusts across the U.S. are up by approximately 2.5% quarter over quarter, suggesting that investors have started testing the waters. Although most REITs have lagged behind other risk-on assets since the turn of the year, key indicators suggest a shift in sentiment is on the horizon.

REITs Are Looking Up; Here Are 2 to Consider

Broadstone Net Lease, Inc. (BNL) came out with quarterly funds from operations (FFO) of $0.35 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.35 per share a year ago.

Broadstone Net Lease, Inc. (BNL) Matches Q2 FFO Estimates

ROCHESTER, N.Y.--(BUSINESS WIRE)--Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL,” the “Company,” “we,” “our,” or “us”), today announced its operating results for the quarter ended June 30, 2023. SECOND QUARTER 2023 HIGHLIGHTS INVESTMENT ACTIVITY During the second quarter, we invested $64.9 million in five industrial properties, including $20.4 million in new property acquisitions, $7.0 million in revenue generating capital expenditures, and $37.5 million in development fundings. The new property.

Broadstone Net Lease Announces Second Quarter 2023 Results

Broadstone came public during the height of the coronavirus pandemic in late 2020. The stock rose dramatically in 2021, when industrial assets were hot, but the shares are back down to where they started.

Here's How Broadstone Net Lease Can Afford Its 6.6% Dividend Yield

Both quality and valuation matter for triple net investment. BNL appears to be superior to Realty Income in both regards. Analysis is about looking forward and those looking in the rear view mirror are bound to miss key changes.

Replace Realty Income With Broadstone Net Lease

Broadstone Net Lease, Inc., a real estate investment trust, is trading at a discount compared to the REIT sector while yielding an attractive 6.71%. The company has a diversified tenant base, near-perfect occupancy rate, and very long-term contracts. Stability is the name of the game. Despite the challenging macro environment, the company's prudent approach to capital allocation and good debt management makes it a promising investment.

Broadstone Net Lease: Safe, High Yield From This Diversified REIT

Aemetis

Bar Harbor Bankshares

AMTX, BHB and BNL have been added to the Zacks Rank #5 (Strong Sell) List on July 21, 2023.

New Strong Sell Stocks for July 21th

Bridge Investment Group Holdings

BGC Partners

BGC, BRDG and BNL have been added to the Zacks Rank #5 (Strong Sell) List on July 14, 2023.

New Strong Sell Stocks for July 14th

ROCHESTER, N.Y.--(BUSINESS WIRE)--Broadstone Net Lease, Inc. Schedules Second Quarter 2023 Earnings Release and Conference Call.

Broadstone Net Lease, Inc. Schedules Second Quarter 2023 Earnings Release and Conference Call

Armada Hoffler Properties

Alexandria Real Estate Equities

Farmland Partners

Gladstone Land

Prologis

Plymouth Industrial REIT

SL Green Realty

STAG Industrial

While the market is bearish on REITs, those who buy actual real estate don't share the sentiment. While REITs normally trade in-line with the value of their properties, a gap has opened up. We discuss how to take advantage of this gap.

Buy The REIT - Sell The Real Estate

Broadstone Net Lease offers a high dividend yield of approximately 7.2%, making it an attractive opportunity for income investors. The REIT has good tenant and sector diversification, with a high occupancy rate of 99.4% and an average lease term of 10.8 years. Despite concerns about real estate prices and rising interest rates, Broadstone Net Lease's strict capital management and favorable debt maturities make it a buying opportunity for investors.

Broadstone Net Lease: Enjoy A High Dividend Yield

Given the wide discounts today in REIT-dom, I believe it's a perfect storm for M&A activities, especially within the Net Lease sector. I would not be surprised to see Broadstone Net Lease, Alpine Net Lease, or Spirit Realty being sold to either public or private REITs. Agree Realty, Realty Income, and W.P. Carey have terrific platforms in which they can use their scale and cost of capital advantages to generate solid accretion and long-term shareholder value.

3 Net Lease REITs That May Not Be Around A Year From Now

News for Broadstone Net Lease Stock (BNL)