NYSE$BNL

Broadstone Net Lease Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Broadstone Net Lease reported fourth-quarter and full-year results for 2019.

Broadstone Net Lease, Inc. reported a revenue increase of 34.6%, an AFFO increase of 27.7%, and an AFFO per diluted share increase of 7.1% compared to Q4 2018. The company closed five real estate acquisitions totaling approximately $38.2 million and sold 24 properties for net proceeds of $78.6 million.

  • Revenues increased 34.6% compared to the quarter ended December 31, 2018.
  • Adjusted funds from operations (AFFO) increased 27.7% compared to the quarter ended December 31, 2018.
  • AFFO per diluted share increased 7.1% as compared to the quarter ended December 31, 2018.
  • Closed five real estate acquisitions totaling approximately $38.2 million.

Headline financials

Total Revenue

$84.9M

Previous: $63.1M+34.6%
EPS (adj)

$0.26

Previous: $0.86-69.8%
Base Rents Collected

99.0%

No prior period
Portfolio Leased Rate

99.0%

No prior period
Total Investment Activity

$38.2M

No prior period
Gross Proceeds from Dispositions

$78.6M

No prior period
Capital Expenditures

$1.01M

Previous: $778K+29.4%
Free Cash Flow

$35.4M

Previous: $33.7M+5.0%
Net Income

$27.7M

Previous: $13.9M+98.8%
Operating Income

$39.8M

No prior period
Gross Profit

$80.4M

Previous: $64M+25.6%
Cash & Equivalents

$12.5M

Previous: $18.6M-33.1%
Total Assets

$3.92B

Previous: $3.1B+26.5%

Revenue & EPS history

Broadstone Net Lease · Revenue · Quarterly

$84.9M

Q4 2019+34.6%vs Q4 2018
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

Forward guidance

No specific forward guidance provided in the document.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
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%
Q2 2020———
Q1 2020———
Q4 2019———
Q3 2019———
Q2 2019———
Q1 2019———
Q4 2018———
Q3 2018———
Q2 2018———
Q1 2018———
Q4 2017———
Q3 2017———
Q2 2017———
Q1 2017———
Q4 2016———
Q3 2016———
Q2 2016———
Q1 2016———

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