Broadstone Net Lease Reports Q1 2025 Financial Results

Broadstone Net Lease, Inc. ( (BNL) ) has released its Q1 earnings. Here is a breakdown of the information Broadstone Net Lease, Inc. presented to its investors.

Broadstone Net Lease, Inc. is a real estate investment trust (REIT) that specializes in acquiring and managing a diversified portfolio of net leased commercial properties across the industrial, retail, and other sectors in the United States and Canada. The company focuses on long-term leases with a diverse group of tenants, ensuring stable revenue streams.

In its first quarter of 2025, Broadstone Net Lease reported a significant decrease in net income, primarily due to a reduction in gains from the sale of real estate. Despite this, the company maintained stable adjusted funds from operations (AFFO) and continued to execute its growth strategy, focusing on build-to-suit developments and strategic acquisitions.

Key financial highlights include a net income of $17.5 million, a 74.3% decrease from the previous year, and an AFFO of $71.8 million, consistent with the prior year. The company invested $88.3 million in new property acquisitions and developments, with a focus on industrial and retail properties. Additionally, Broadstone Net Lease renewed its stock repurchase program and extended its revolving credit facility, maintaining a strong financial position.

The company’s portfolio remained robust, with a 99.1% lease rate and a diverse tenant base. Broadstone Net Lease’s strategic investments and disciplined financial management position it well to navigate market uncertainties and capitalize on growth opportunities through 2026 and beyond.

Looking ahead, Broadstone Net Lease maintains its AFFO guidance for 2025, with expectations for continued investment in real estate properties and strategic dispositions. The company remains committed to enhancing shareholder value through its disciplined investment approach and strong balance sheet.