Quarterly ResultJul 29, 2026, 04:34 PM
Broadstone Net Lease Q2 AFFO $0.39; Raises 2026 Guidance
AI Summary
Broadstone Net Lease, Inc. announced strong financial results for the second quarter of 2026, with net income increasing 110.0% to $40.3 million and AFFO rising 2.6% to $78.2 million. The company highlighted a significant $303 million build-to-suit development for a Fortune 20 Investment-Grade Company and subsequently raised the midpoint of its full-year 2026 AFFO per share guidance to $1.56. Investment and disposition guidance for the year were also increased, reflecting robust activity and a positive outlook.
Key Highlights
- Generated net income of $40.3 million, or $0.21 per diluted share, a 110.0% increase year-over-year.
- Achieved AFFO of $78.2 million, or $0.39 per diluted share, a 2.6% increase year-over-year.
- Announced a $303 million build-to-suit development for a Fortune 20 Investment-Grade Company.
- Raised midpoint of full-year 2026 AFFO per share guidance to $1.56, from $1.53-$1.57 to $1.55-$1.57.
- Increased 2026 investment guidance to $600-$800 million and disposition guidance to $100-$150 million.
- Invested $91.5 million in Q2, including $77.3 million in build-to-suit developments.
- Declared a quarterly dividend of $0.2925 per share, unchanged from the prior quarter.
- Entered into a new $300 million senior unsecured delayed-draw term loan and reduced applicable margins on existing debt.
Price Impact
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