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 20 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
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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