Broadstone Net Lease Inc. (BNL) Misses Q3 EPS by 1c ; Provides Outlook

Broadstone Net Lease Inc. (NYSE: BNL) reported Q3 EPS of $0.19, $0.01 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $108.4 million versus the consensus estimate of $106.57 million.

2024 GUIDANCE

For 2024, BNL expects to report AFFO of between $1.41 and $1.43 per diluted share, which remains unchanged.

The guidance is based on the following key assumptions:

investments in real estate properties between $400 million and $600 million, revised down from between $400 million and $700 million;
dispositions of real estate properties between $350 million and $450 million, which remains unchanged; and
total cash general and administrative expenses between $31 million and $33 million, revised down from between $31.5 million and $33.5 million.

For earnings history and earnings-related data on Broadstone Net Lease Inc. (BNL) click here.

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