Broadstone Net Lease Inc. (BNL) Tops Q1 EPS by 1c

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Go back to Broadstone Net Lease Inc. (BNL) Tops Q1 EPS by 1c

Broadstone Net Lease Announces First Quarter 2021 Results

May 4, 2021 4:05 PM EDT

ROCHESTER, N.Y.--(BUSINESS WIRE)-- Broadstone Net Lease, Inc. (NYSE: BNL), an internally-managed real estate investment trust (BNL, the Company, we, our, or us), today announced its operating results for the quarter ended March 31, 2021.

FIRST QUARTER 2021 HIGHLIGHTS

2021 AFFO guidance range raised to $1.28 to $1.34 per diluted share. Invested $87.3 million in 28 properties at a weighted average initial cash cap rate of 6.4% with an additional $206.5 million of acquisitions under control. Collected 99.8% of base rents due for the first quarter. Occupancy increased 50 basis points to 99.7%. Incurred $10.6 million of general and administrative... More