The call highlighted Broadstone Net Lease's strong growth in AFFO and successful strategic repositioning, alongside the expansion of its build-to-suit pipeline. However, it also addressed tenant credit concerns and competitive market pressures, highlighting a balanced view of progress and challenges.

Company Guidance -

Q3 2025

During Broadstone Net Lease's Second Quarter 2025 Earnings Call, the company announced an increase in its full-year AFFO guidance to a range of $1.48 to $1.50 per share, representing a 4.2% growth at the midpoint. The second quarter AFFO per share was $0.38, showing a 5.6% growth compared to 2024. The company highlighted its successful strategic repositioning, reducing clinical healthcare exposure to 2.4% of ABR while maintaining AFFO per share growth. Broadstone Net Lease also addressed tenant credit matters, with specific updates on At Home and Claire's, noting that they have received all owed rent from these tenants and are confident in their positions despite potential bankruptcies. The company's build-to-suit program is set to generate $28 million of new ABR through Q3 2026, with $370 million in build-to-suit investments underway. Additionally, they have already closed approximately $135 million in new property acquisitions this year, with another $234.6 million under control. The management emphasized their ability to fund growth independently of equity capital markets and expressed confidence in delivering mid-single-digit AFFO per share growth into 2026 and beyond.

Increased AFFO Guidance for 2025

Broadstone Net Lease raised its full-year 2025 AFFO guidance to $1.48 to $1.50 per share, representing a 4.2% growth at the midpoint.

Strong Portfolio Performance

The company achieved 5.6% growth in AFFO per share compared to 2024, highlighting the strength of its portfolio and growth strategy.

Successful Strategic Repositioning

BNL successfully reduced its clinical healthcare exposure to 2.4% of its ABR while growing AFFO per share, highlighting effective portfolio management.

Build-to-Suit Pipeline Expansion

BNL has commenced 10 build-to-suit projects, with a total investment of $371.2 million, expected to generate $28 million of new incremental ABR by Q3 2026.

High Portfolio Occupancy and Rent Collection

The portfolio was 99.1% leased at quarter end, with 99.6% of base rents collected, demonstrating strong operational performance.

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)	0.18 / -	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 (BNL) report earnings?

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

What is Broadstone Net Lease (BNL) earnings time?

Broadstone Net Lease (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 0.18.

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