Broadstone Net Lease, Inc. ( (BNL) ) has released its Q2 earnings. Here is a breakdown of the information Broadstone Net Lease, Inc. presented to its investors.
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Broadstone Net Lease, Inc. is a real estate investment trust (REIT) focused on acquiring and managing single-tenant commercial properties in the industrial and retail sectors across the United States and Canada. The company employs a diversified investment strategy to maintain a robust portfolio.
In its second quarter of 2025, Broadstone Net Lease reported a decrease in net income but an increase in adjusted funds from operations (AFFO). The company has also revised its full-year guidance upwards, reflecting confidence in its growth strategy and investment activities.
Key financial highlights include a net income of $19.8 million, a 44.8% decrease from the previous year, primarily due to increased impairment provisions. However, AFFO rose by 5.6% to $74.3 million, indicating strong operational performance. The company maintained a high occupancy rate of 99.1% and successfully collected 99.6% of base rents. Investment activities were robust, with $140.8 million invested in new acquisitions and developments, primarily in industrial properties.
Broadstone Net Lease’s capital markets activity showed a stable financial position with a total outstanding debt of $2.1 billion and significant liquidity available through its credit facility. The company declared a quarterly dividend of $0.29 per share, underscoring its commitment to returning value to shareholders.
Looking ahead, Broadstone Net Lease remains optimistic about its growth prospects, with plans to invest between $500 million and $700 million in real estate properties for the year. The company’s strategic focus on disciplined investment and asset management is expected to drive sustainable growth and shareholder value.