Broadstone Net Lease Announces Third Quarter 2026 Results
Broadstone Net Lease reported Q3 2026 AFFO of $77.8 million, or $0.39 per diluted share, up 5.4% year-over-year, with net income of $28.1 million and revenue of $121.9 million. The company returned to the equity markets with a $259.3 million public offering (12.65M shares at $20.50) and added a new $300 million delayed-draw term loan, while its build-to-suit pipeline reached $456 million including a $303 million facility for a Fortune 20 investment-grade tenant.
Key figures
- Eps
- 0.14
- Revenue
- 121867000
- Guidance
- 2026 AFFO of $1.55-$1.57 per diluted share; investments revised up to $700-800M (from $600-800M); dispositions revised up to $150-200M (from $100-150M); core G&A $30-31M
- Revenue Yoy
- 6.7%
- Ffo
- 76654000
- Affo
- 77805000
- Affo yoy
- 5.4%
- Core ffo
- 79422000
- Net income
- 28139000
- Total debt
- $2.9 billion
- Bts pipeline
- 456300000
- Ffo per share
- 0.38
- Affo per share
- 0.39
- Core ffo per share
- 0.39
- Dividend per share
- 0.295
- Rent collection rate
- 99.9%
- Dividend increase pct
- 0.9%
- Same store rent growth
- 0.7%
- Investments this quarter
- 236600000
- Equity offering gross proceeds
- $259.3 million
- Pro forma net debt to ebitdare
- 5.4x
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