Broadstone Net Lease Q4 revenue beats analyst expectations

Broadstone Net Lease

18/02/2026 21:18

Overview

Industrial-focused REIT's Q4 revenue beat analyst expectations

AFFO for Q4 increased 5.6% yr/yr

Invested $315.3 mln in property acquisitions and developments in Q4

Outlook

Broadstone Net Lease expects 2026 AFFO per share between $1.53 and $1.57

Company plans 2026 real estate investments between $500 mln and $625 mln

Broadstone revises 2026 core general and administrative expenses to $30 mln-$31 mln

Result Drivers

LEASE REVENUE GROWTH - Same-store rental revenue grew 2.9% in Q4 due to contractual rent increases and leasing activity

HIGH OCCUPANCY - Portfolio was 99.8% leased, with only one property vacant, and collected 100% of base rents in Q4

INVESTMENT ACTIVITY - Invested $315.3 mln in Q4, including acquisitions and developments, supporting revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$118.30 mln
$116.72 mln (7 Analysts)
Q4 EPS
Beat
$0.17
$0.15 (2 Analysts)
Q4 FFO
$73.01 mln
Q4 FFO Per Share
$0.37


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "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 $20.00, about 0.8% above its February 17 closing price of $19.85

The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 29 three months ago

Press Release: ID:nBw3HDGDpa

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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.)