Brief: Broadstone Net Lease Q2 Adjusted FFO Per Share USD 0.39

Broadstone Net Lease

30/07/2025 21:10

Overview

Broadstone Q2 revenue beat analyst expectations, per LSEG data; AFFO rose 5.6% yr/yr

Net income fell 44.8% due to higher impairment provision of investment in rental properties

Co raised full-year AFFO guidance

Outlook

BNL raises full-year AFFO guidance to $1.48-$1.50 per share

Company increases expectations for 2025 real estate investments to $500-$700 mln

BNL expects 2025 real estate property dispositions of $50-$100 mln

Result Drivers

IMPAIRMENT PROVISION - Net income decreased due to an $8.1 mln increase in provision for impairment of rental properties

HIGH LEASE OCCUPANCY - Portfolio was 99.1% leased, with only two properties vacant, contributing to stable revenue

INVESTMENT ACTIVITY - Invested $140.8 mln in qtr, including build-to-suit developments and industrial property acquisitions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$112.99 mln
$111.20 mln (6 Analysts)
Q2 EPS
$0.1
Q2 Adjusted FFO
$77.15 mln
Q2 FFO
$73.70 mln
Q2 Adjusted FFO Per Share
$0.39
Q2 FFO Per Share
$0.37


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for Broadstone Net Lease Inc is $18.00, about 10.6% above its July 29 closing price of $16.10

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release: ID:nBw4DVp0ca

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)