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Broadstone Net Lease (BNL)
NYSE:BNL
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.19Last Year’s EPS
0.35Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 2.64%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a balanced view with significant achievements in AFFO growth, portfolio simplification, and strategic planning for 2025, contrasted by challenges in tenant credit risks and specific bankruptcies affecting revenue. The company's robust development strategy and strong leasing performance are countered by uncertainties in the disposition market and ongoing tenant risks.Company Guidance
During Broadstone Net Lease's (BNL) Fourth Quarter 2024 Earnings Call, the company provided guidance for the fiscal year 2025, projecting adjusted funds from operations (AFFO) to range between $1.45 and $1.49 per share, indicating approximately 3% growth at the midpoint. The company plans to invest between $400 million and $600 million, with a focus on build-to-suit developments and regular acquisitions, and set disposition volume guidance between $50 million and $100 million. BNL aims to add at least $500 million in new build-to-suit developments, which are expected to stabilize and commence rent payments in 2026 and 2027, contributing to their long-term growth strategy. The company's operating portfolio remains strong, with a 99% lease rate and over 99% rent collection, while managing a low pro forma leverage of 4.9x. BNL emphasized its industrial-focused strategy, with industrial properties making up approximately 70% of their investments and retail, including restaurants and medtail assets, comprising the remaining 30%. The guidance reflects a focus on derisked growth strategies, ensuring robust performance through a solid pipeline of investments and strategic asset dispositions.AFFO Per Share Achievement
Achieved $1.43 of AFFO per share at the top end of guidance with a 1.4% increase compared to 2023, despite substantial portfolio repositioning efforts.
High Occupancy and Rent Collection
Portfolio is more than 99% leased with more than 99% rent collection.
Successful Portfolio Simplification
Reduced clinical and surgical assets to 3.2% of ABR from 9.7% at the end of 2023, substantially completing the clinical healthcare portfolio simplification strategy.
Strong Build-to-Suit Development Strategy
Secured $227.3 million in build-to-suit developments with attractive initial cash yields and straight-line yields, enhancing future AFFO growth.
Strategic Board Appointments
Welcomed Rick Imperiale and Joe Saffire to the Board, bringing extensive experience in REITs and asset management.
2025 Guidance and Growth Strategy
Initiated 2025 AFFO guidance range of $1.45 to $1.49 per share, representing 3% growth at midpoint, with ambitious goals for build-to-suit developments and acquisitions.
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BNL Earnings History
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
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BNL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $15.55 | $16.03 | +3.09% |
| Oct 30, 2024 | $17.78 | $17.27 | -2.87% |
| Jul 30, 2024 | $17.37 | $16.83 | -3.11% |
| May 01, 2024 | $13.87 | $14.46 | +4.25% |
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.
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FAQ
When does Broadstone Net Lease (BNL) report earnings?
Broadstone Net Lease (BNL) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Broadstone Net Lease (BNL) earnings time?
Broadstone Net Lease (BNL) earnings time is at Apr 30, 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 (Q1) is 0.19.
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