NYSE$BNL
Broadstone Net Lease Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Broadstone Net Lease reported its Q3 2023 results, showing strategic capital deployment and healthy portfolio performance.
Broadstone Net Lease announced its Q3 2023 results, highlighting strategic investments in development projects and revenue generating capital expenditures. The company maintained a strong portfolio with high rent collections and occupancy, and opportunistically disposed of assets. BNL affirmed its full-year AFFO per share guidance range.
- Invested $16.5 million in industrial and retail properties, including revenue generating capital expenditures and development fundings.
- Collected 99.9% of base rents due for the third quarter.
- Portfolio was 99.4% leased based on rentable square footage.
- Generated net income of $52.1 million, or $0.26 per share.
Headline financials
Revenue & EPS history
Broadstone Net Lease · Revenue · Quarterly
$110M
Forward guidance
The Company has affirmed its per share guidance range for the 2023 full year and currently expects to report AFFO of between $1.40 and $1.42 per diluted share.
Tailwinds
- Investments in real estate properties up to $250 million.
- Dispositions of real estate properties of approximately $200 million.
- Total cash general and administrative expenses between $31 million and $33 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
-0.6%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+1.2%
Avg return
30 days after
36%
8 / 22 earnings
Positive
+4.7%
Q1 2024
Best reaction
-5.2%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.7% | -0.8% | +1.5% | |
| Q4 2025 | -4.2% | -1.2% | -4.5% | |
| Q3 2025 | -0.9% | +0.3% | -2.0% | |
| Q1 2025 | -2.0% | -1.3% | -1.7% | |
| Q4 2024 | +3.1% | +6.3% | +8.4% | |
| Q3 2024 | -2.3% | -2.6% | -2.7% | |
| Q2 2024 | -3.4% | -4.7% | +0.4% | |
| Q1 2024 | +4.7% | +5.8% | +5.4% | |
| Q4 2023 | -4.0% | -6.1% | -3.2% | |
| Q3 2023 | +1.5% | +4.5% | +16.2% | |
| Q2 2023 | -1.3% | -0.1% | -2.3% | |
| Q1 2023 | +0.1% | +1.5% | +0.4% | |
| Q4 2022 | -0.4% | -0.4% | -6.1% | |
| Q3 2022 | -5.2% | -4.3% | +0.0% | |
| Q2 2022 | -1.4% | -0.6% | -15.5% | |
| Q1 2022 | +2.3% | -0.5% | +6.9% | |
| Q4 2021 | -1.1% | +0.1% | -3.1% | |
| Q3 2021 | +0.7% | +0.0% | -8.1% | |
| Q2 2021 | +3.1% | +5.1% | +9.3% | |
| Q1 2021 | -0.5% | +0.2% | +16.5% | |
| Q4 2020 | -3.4% | -2.6% | -3.4% | |
| Q3 2020 | +1.7% | +4.9% | +13.3% | |
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