| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 122.31 | 0.8% | 8.3% |
| Total Income | 122.31 | 0.8% | 8.3% |
| Expenditure | 70.36 | 21.2% | 1.8% |
| PBT | — | ||
| Net Profit | 39.80 | 14.2% | 97.4% |
| OPM | — | ||
| NPM | 32.54% | 5.65pp | 14.70pp |
| EPS | 0.21 | 12.5% | 90.9% |
Broadstone Net Lease Announces Second Quarter 2026 Results
30 Jul 2026 · 30 Jul, 2:04 am
Summary
Broadstone Net Lease announced its operating results for the quarter ended June 30, 2026, highlighting a significant 110.0% increase in net income to $40.3 million, or $0.21 per diluted share, compared to the prior year. Adjusted Funds From Operations (AFFO) saw a 2.6% increase year-over-year, reaching $78.2 million, or $0.39 per diluted share. The company also reported a 2.2% growth in same-store rental revenue. Management expressed confidence in the portfolio's earnings power and investment activity, noting a substantial $303 million build-to-suit development for a Fortune 20 company and raising the full-year AFFO per share guidance midpoint to $1.56.
Key Highlights
- 1
Broadstone Net Lease announced its operating results for the quarter ended June 30, 2026.
- 2
The company generated net income of $40.3 million, or $0.21 per diluted share, a 110.0% increase compared to the same period in the prior year.
- 3
AFFO for the quarter was $78.2 million, or $0.39 per diluted share, representing a 2.6% increase compared to the previous year.
- 4
Same store rental revenue grew by 2.2% compared to the same period in the previous year, driven by strong contractual rent increases and leasing activity.
- 5
The company invested $91.5 million during the second quarter, including $77.3 million in build-to-suit developments.
- 6
Subsequent to quarter-end, Broadstone Net Lease entered into a new $300 million senior unsecured delayed-draw term loan facility.
Management Comments
John Moragne
Our second quarter results underscore the earnings power of our portfolio and the continued strength of our investment activity. The highlight of the quarter, and arguably of our history as a public company, was the announcement of our $303 million build-to-suit development for a Fortune 20 Investment-Grade Company, a transaction that validates everything we have been building toward and demonstrates what is possible when you combine our differentiated strategy with the execution capabilities of our team and the depth of our developer relationships. With 2.1% in-place rent increases across the portfolio, a committed build-to-suit pipeline of $645 million, and sound balance sheet management, we have the visibility and confidence to raise the midpoint of our full-year AFFO per share guidance range to $1.56, and we enter the back half of 2026 with real conviction in what lies ahead.
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