The earnings call highlighted BNL's strong AFFO growth, successful portfolio repositioning, and robust build-to-suit pipeline. However, challenges remain with tenant credit events and a competitive acquisition environment. The company's ability to manage these challenges and maintain growth indicates a positive outlook.

Company Guidance

During the second quarter 2025 earnings call, Broadstone Net Lease raised its full-year 2025 AFFO guidance to $1.48 to $1.50 per share, reflecting 4.2% growth at the midpoint. The company reported a 5.6% increase in AFFO per share for the second quarter, reaching $0.38. Key achievements included reducing clinical healthcare exposure to 2.4% of ABR and maintaining high occupancy at 99.1%. The management highlighted its build-to-suit pipeline, comprising $371.2 million in projects with a 7.5% initial yield, expected to generate $28 million in new ABR by the third quarter of 2026. Additionally, Broadstone has $234.6 million in acquisitions under control, with a total investment volume target of $500 million to $700 million for the year. The company reduced its bad debt reserve for the year to 75 basis points, signaling improved tenant credit situations.

Increased AFFO Guidance

The company raised its full-year 2025 AFFO guidance to $1.48 to $1.50 per share, reflecting a 4.2% growth at the midpoint, with the second quarter showing 5.6% growth compared to 2024.

Strong Build-to-Suit Pipeline

BNL has committed to 8 build-to-suit projects totaling $371.2 million, expected to generate $28 million in new ABR by Q3 2026, representing a 6.9% growth in current ABR.

Successful Portfolio Repositioning

BNL successfully reduced its clinical health care exposure to 2.4% of ABR while still growing AFFO per share, demonstrating effective strategic repositioning.

High Occupancy and Rent Collection

The company maintained a 99.1% lease rate with 99.6% of base rents collected, showing strong portfolio performance.

Robust Acquisition Activity

BNL closed on $135 million in new property acquisitions and has another $234.6 million under control, reflecting a strong acquisition pipeline.

Reduced Bad Debt Reserve

Due to positive resolutions of tenant matters, BNL reduced its bad debt reserve from 125 basis points to 75 basis points for the remainder of the year.

Broadstone Net Lease (BNL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BNL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.16 / -	0.19	―	―	―
Jul 30, 2025	2025 (Q2)	0.18 / 0.10	0.19	-47.37% (-0.09)	―
Apr 30, 2025	2025 (Q1)	0.17 / 0.09	0.35	-74.29% (-0.26)
Feb 19, 2025	2024 (Q4)	0.19 / 0.14	0.03	366.67% (+0.11)
Oct 30, 2024	2024 (Q3)	0.20 / 0.19	0.26	-26.92% (-0.07)
Jul 30, 2024	2024 (Q2)	0.18 / 0.19	0.32	-40.63% (-0.13)	―
May 01, 2024	2024 (Q1)	0.18 / 0.35	0.21	66.67% (+0.14)
Feb 21, 2024	2023 (Q4)	0.19 / 0.03	0.2	-85.00% (-0.17)
Nov 01, 2023	2023 (Q3)	0.18 / 0.26	0.16	62.50% (+0.10)
Aug 02, 2023	2023 (Q2)	0.17 / 0.32	0.2	60.00% (+0.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BNL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$15.91	$16.24	+2.07%
Apr 30, 2025	$15.89	$15.58	-1.95%
Feb 19, 2025	$15.01	$15.47	+3.06%
Oct 30, 2024	$17.16	$16.67	-2.86%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Broadstone Net Lease, Inc. (BNL) report earnings?

Broadstone Net Lease, Inc. (BNL) is schdueled to report earning on Oct 29, 2025, TBA (Not Confirmed).

What is Broadstone Net Lease, Inc. (BNL) earnings time?

Broadstone Net Lease, Inc. (BNL) earnings time is at Oct 29, 2025, TBA (Not Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is BNL EPS forecast?

BNL EPS forecast for the fiscal quarter 2025 (Q3) is 0.16.

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