Quarterly ResultApr 29, 2026, 05:22 PM
BNL Q1 Revenue $121.4M, Net Income $46.4M, EPS $0.24
AI Summary
Broadstone Net Lease, Inc. reported strong financial results for Q1 2026, with revenue increasing 11.7% year-over-year to $121.4 million and net income soaring 165.2% to $46.4 million. Diluted net earnings per common share rose significantly to $0.24, while FFO and AFFO per diluted share also saw healthy increases. The company also reported positive same store rental revenue growth and substantial investment activity during the quarter.
Key Highlights
- BNL Q1 2026 Revenue increased 11.7% YoY to $121.4 million.
- Net income surged 165.2% YoY to $46.4 million in Q1 2026.
- Diluted net earnings per common share rose 166.7% YoY to $0.24.
- FFO per diluted share increased 8.1% YoY to $0.40.
- AFFO per diluted share grew 5.6% YoY to $0.38.
- Same store rental revenue increased 2.8% for the three months ended March 31, 2026.
- Total investments for Q1 2026 amounted to $171.9 million.
- Distributions declared per diluted share increased to $0.2925.