8-K
filed November 2, 2022, 7:59 PM ET
ticker BNL
CIK 0001424182
earnings
confidence high
sentiment positive
materiality 0.75
Broadstone Net Lease Q3 AFFO $0.35/sh; dividend raised to $0.275; reaffirms FY22 guidance $1.38-$1.40
Broadstone Net Lease, Inc.
2022-Q3 EPS reported
$0.52
revenue$295,378,000
- Q3 AFFO of $63.4M ($0.35/sh) up from $55.8M ($0.33/sh) YoY; net income $28.7M ($0.16/sh).
- Invested $204.5M in 27 properties at 6.5% initial cap rate; 85.8% industrial; post-Q3 invested $283.1M.
- Dividend raised to $0.275 per share; reaffirmed FY22 AFFO guidance $1.38-$1.40 per diluted share.
- Closed $500M new unsecured term loans; entered $270.7M forward equity; fixed SOFR on $260M swaps at 2.59%.
- Portfolio 99.3% leased; 100% rent collection; Net Debt/Ann. Adj. EBITDAre 5.5x (pro forma 4.8x).
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Broadstone Net Lease, Inc. updated its Full Year 2022 guidance (reaffirmed).
- Period
- Full Year 2022
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
Reaffirmed the guidance range for the 2022 full year and currently expect to report AFFO of between $1.38 and $1.40 per diluted share.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Broadstone Net Lease, Inc. reported quarterly results: revenue $103,524, net income $28,709, EPS $0.16.
- Period
- quarterly
- Revenue
- $103,524
- Net income
- $28,709
- EPS
- $0.16
- Result
- reported results
Exact text from the filing
Revenues $ 103,524 $ 98,013 $ 122,777 $ 295,378 $ 290,234 Net income, including non-controlling interests $ 28,709 $ 35,552 $ 30,522 $ 92,702 $ 77,302 Net earnings per share $ 0.16 $ 0.20 $ 0.18 $ 0.52 $ 0.48
View on SEC.gov
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