Broadstone Net Lease Q2 EPS beats estimates, raises FY AFFO outlook

Broadstone Net Lease

29/07/2026 21:50

Overview
U.S. net lease REIT's Q2 revenue was in line with analyst expectations
EPS for Q2 beat analyst expectations
Company raised full-year AFFO per share guidance midpoint to $1.56

Outlook
Broadstone Net Lease raises 2026 AFFO per share guidance midpoint to $1.56, range $1.55-$1.57
Company expects 2026 real estate investments between $600 mln and $800 mln, up from prior forecast
Company expects 2026 property dispositions between $100 mln and $150 mln, up from prior forecast

Result Drivers
RENT INCREASES - Same store rental revenue grew 2.2% from prior year, driven by contractual rent increases and prior leasing activity
INVESTMENT ACTIVITY - Q2 investments totaled $91.5 mln, mainly in build-to-suit developments, supporting future earnings
HIGH OCCUPANCY - Portfolio remained nearly fully leased, with 99.9% of base rents collected in the quarter

Company press release: ID:nBwbv7sTsa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Meet
$122.31 mln
$122.31 mln (7 Analysts)
Q2 EPS
Beat
$0.21
$0.18 (3 Analysts)
Q2 FFO
 
$79.83 mln
 
Q2 FFO Per Share
 
$0.40
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "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 $22.00, about 1.8% below its July 28 closing price of $22.40
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 27 three months ago

Reuters Recommended Reads
July 28 - WP Carey Q2 revenue beats estimates on higher leases; AFFO outlook raised
July 28 - CTO Realty Growth Q2 core FFO rises; lifts 2026 outlook
July 29 - LXP Industrial Q2 revenue rises on property acquisitions; suspends dividend

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(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.)