Broadstone Net Lease Q3 net income $52.1M, AFFO $0.36/share, dividend raised to $0.285

Broadstone Net Lease, Inc.

2023-Q3 EPS reported $0.80 revenue$337,887,000

Q3 net income $52.1M ($0.26 diluted EPS); AFFO $70.0M ($0.36/share), up from $0.35 in prior quarter.
Revenue $109.5M vs $103.5M a year ago; portfolio 99.4% leased with 99.9% rent collection.
Quarterly dividend increased to $0.285/share from $0.28, payable Jan 12, 2024 to holders of record Dec 29.
FY 2023 AFFO guidance reaffirmed at $1.40-$1.42/share; investment guidance revised down to up to $250M.
Net Debt to Annualized Adjusted EBITDAre ratio of 4.9x; $925.9M available on revolver; no maturities until 2026.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Broadstone Net Lease, Inc. updated its the quarter ended September 30, 2023 guidance (reaffirmed).

Period: the quarter ended September 30, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On November 1, 2023, Broadstone Net Lease, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2023.

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Broadstone Net Lease, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-057474

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