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Broadstone Net Lease (BNL)
NYSE:BNL
Earnings Data
Report Date
Aug 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.17Last Year’s EPS
0.19Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 0.00%
|Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment|Neutral
The earnings call demonstrates a robust growth strategy with a strong build-to-suit pipeline and high occupancy rates, balanced by caution due to macroeconomic uncertainties and tenant credit risks. While significant investments and stable financial guidance are positive, tenant-related challenges and broader economic concerns temper the outlook.Company Guidance
During Broadstone Net Lease's first-quarter 2025 earnings call, the company maintained its guidance for adjusted funds from operations (AFFO) at $1.45 to $1.49 per share, projecting approximately 3% growth at the midpoint. The company reported investments of $103.9 million in new property acquisitions, build-to-suit developments, and revenue-generating capital expenditures. Furthermore, they have a committed pipeline of $305.9 million in build-to-suit developments, with an estimated $255.8 million remaining to be funded through the third quarter of 2026. Initial cash cap rates for these projects range from 7% to straight-line yields in the mid-8s to mid-9s. Additionally, Broadstone has secured $132.9 million in acquisitions under control and $4.5 million in commitments for revenue-generating capital expenditures. They also highlighted a new $78.2 million project in partnership with Prologis, contributing to their growth strategy. Despite considering raising the lower end of their guidance range due to positive developments, they decided to maintain it due to macroeconomic uncertainties and will reassess as the year progresses.Strong First Quarter Results
Broadstone Net Lease reported strong first quarter results with disciplined execution, focusing on long-term shareholder value. There was a 5.6% growth in current ABR from committed build-to-suit developments.
Build-to-Suit Pipeline Growth
Year-to-date investments totaled $103.9 million, with a committed pipeline of $305.9 million in build-to-suit developments. Notably, a new $78.2 million project was added with Prologis.
High Occupancy and Rent Collection
The company maintained a 99.1% occupancy rate and 99.1% rent collection for the first quarter.
Stable Financial Outlook
Broadstone maintained its 2025 AFFO guidance range of $1.45 to $1.49 per share, with approximately 3% growth at the midpoint.
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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 |
|---|---|---|---|
| Apr 30, 2025 | $16.18 | ― | ― |
| Feb 19, 2025 | $15.28 | $15.76 | +3.14% |
| Oct 30, 2024 | $17.48 | $16.97 | -2.92% |
| Jul 30, 2024 | $17.07 | $16.54 | -3.10% |
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 Aug 05, 2025, TBA Not Confirmed.
What is Broadstone Net Lease (BNL) earnings time?
Broadstone Net Lease (BNL) earnings time is at Aug 05, 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 (Q2) is 0.17.
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