earnings
confidence high
sentiment positive
materiality 0.75
Broadstone Net Lease Q1 AFFO $0.38/share, up 5.6% YoY; net income $46.4M
Broadstone Net Lease, Inc.
2026-Q1 EPS reported
$0.24
revenue$121,401,000
- Net income $46.4M ($0.24 diluted EPS) vs $17.5M in prior-year quarter; AFFO $76.9M ($0.38/share) vs $71.8M.
- Same-store rental revenue growth of 2.8%; collected 100% of base rents; G&A $10.3M (core $7.8M).
- Invested $171.9M in Q1: $61.2M acquisitions, $99.4M build-to-suit; added $30M committed pipeline.
- FY2026 AFFO guidance maintained at $1.53-$1.57 per share; quarterly dividend $0.2925 payable July 15.
- Post-quarter: commenced $30.4M Tesla build-to-suit in Austin, TX; sold three properties for $54.8M.