NYSE$BNL
Broadstone Net Lease Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Announced fourth quarter and full year 2020 results.
Broadstone Net Lease reported strong Q4 2020 results, including net income of $17.6 million, or $0.11 per share, and AFFO of $46.9 million, or $0.30 per share. The company invested $100.3 million in 19 properties and collected 98.8% of base rents due for the quarter.
- Invested $100.3 million in 19 properties at a weighted average initial cash cap rate of 6.9%.
- Collected 98.8% of base rents due for the fourth quarter.
- Generated net income of $17.6 million, or $0.11 per share.
- Generated AFFO of $46.9 million, or $0.30 per share.
Headline financials
Revenue & EPS history
Broadstone Net Lease · Revenue · Quarterly
$82.3M
Forward guidance
For 2021, the Company expects to report AFFO of between $1.27 and $1.33 per diluted share, based on key assumptions including investments in real estate properties between $450 million and $550 million, dispositions of real estate properties between $50 million and $100 million, and total cash general and administrative expenses between $32 million and $35 million.
Tailwinds
- Investments in real estate properties between $450 million and $550 million
- Dispositions of real estate properties between $50 million and $100 million
- Total cash general and administrative expenses between $32 million and $35 million
- Company expects to report AFFO of between $1.27 and $1.33 per diluted share
- Continue executing on our growth strategy throughout 2021
Headwinds
- AFFO per share is sensitive to the timing and amount of real estate acquisitions
- AFFO per share is sensitive to property dispositions
- AFFO per share is sensitive to capital markets activities during the year
- Company does not provide guidance on net income
- Difficulty in quantifying and reconciling items such as the gain or loss on sale of real estate and provisions for impairment
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 Q4 2020
-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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