NYSE$BNL
Broadstone Net Lease Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Broadstone Net Lease reported operating results, invested in new properties and development fundings, and sold properties.
Broadstone Net Lease announced its Q3 2024 operating results, featuring investments of $93.9 million in new property acquisitions and development fundings. The company generated a net income of $37.3 million, or $0.19 per share, and an AFFO of $70.2 million, or $0.35 per share. The portfolio remained strong with 99.0% leased occupancy and 99.1% rent collection.
- Invested $93.9 million, including $69.3 million in new property acquisitions and $24.6 million in development fundings.
- Generated net income of $37.3 million, or $0.19 per share.
- Generated adjusted funds from operations (AFFO) of $70.2 million, or $0.35 per share.
- Collected 99.1% of base rents due for the third quarter for all properties under lease.
Headline financials
Revenue & EPS history
Broadstone Net Lease · Revenue · Quarterly
$108M
Forward guidance
BNL expects to report AFFO of between $1.41 and $1.43 per diluted share for 2024.
Tailwinds
- Investments in real estate properties between $400 million and $600 million.
- Dispositions of real estate properties between $350 million and $450 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 2024
-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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| Q4 2016 | — | — | — | |
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| Q1 2016 | — | — | — |
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