Broadstone Net Lease Q1 AFFO $0.36/share; dividend raised to $0.29; revises 2024 AFFO guidance to $1.41-$1.43

Broadstone Net Lease, Inc.

2024-Q1 EPS reported $0.35 revenue$105,366,000

Q1 revenues $105.4M (down 11% YoY); net income $68.2M ($0.35 EPS) vs $41.4M ($0.21) YoY.
AFFO per share $0.36 vs $0.34 YoY; 2024 AFFO guidance raised to $1.41-$1.43 per diluted share.
Invested $40.1M in Q1; post-quarter closed $162.3M in acquisitions; $121.8M under control.
Sold 39 healthcare properties for $274M; healthcare exposure reduced from 17.6% to 13.4% of ABR.
Quarterly dividend increased 1.8% to $0.29/share; stock repurchase program renewed for $150M through March 2025.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Broadstone Net Lease, Inc. reported the quarter ended March 31, 2024 results: revenue $105,366, net income $68,177, EPS $0.35. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $105,366
Net income: $68,177
EPS: $0.35
Guidance: reaffirmed
Result: reported results

Exact text from the filing

through March 2025. SUMMARIZED FINANCIAL RESULTS For the Three Months Ended (in thousands, except per share data) March 31, 2024 December 31, 2023 March 31, 2023 Revenues $ 105,366 $ 105,000 $ 118,992 Net income, including non-controlling interests $ 68,177 $ 6,797 $ 41,374 Net earnings per share – diluted $ 0.35 $ 0.03 $ 0.21 FFO $ 73,135 $ 69,443 $ 81,177

View on SEC.gov

1436 earnings releases filed in the last 30 days. Browse all earnings releases →

Broadstone Net Lease, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-051278

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.