NYSE$BNL
Broadstone Net Lease Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Broadstone Net Lease reported solid financial results for Q4 2024, with steady AFFO and net income growth.
Broadstone Net Lease delivered stable financial performance in Q4 2024, reporting net income of $27.6 million and AFFO of $70.5 million. The company maintained strong leasing activity with a 99.2% rent collection rate and continued its strategic investment and disposition efforts.
- Generated net income of $27.6 million, or $0.14 per share.
- AFFO of $70.5 million, or $0.36 per share.
- Collected 99.2% of base rents due for the quarter.
- Invested $23.0 million in build-to-suit developments.
Headline financials
Revenue & EPS history
Broadstone Net Lease · Revenue · Quarterly
$112M
Forward guidance
Broadstone Net Lease expects steady growth in 2025, with AFFO guidance between $1.45 and $1.49 per share, driven by new investments and leasing activity.
Tailwinds
- AFFO guidance set between $1.45 and $1.49 per share.
- Plans for $400 million to $600 million in real estate investments.
- Continued high rent collection rates projected.
- Low leverage with net debt to EBITDAre ratio of 5.0x.
- More than $200 million in build-to-suit developments scheduled for 2025-2026.
Headwinds
- Potential impact from rising interest rates.
- Macroeconomic uncertainties affecting commercial real estate.
- Ongoing lease rollover risks.
- Fluctuations in tenant credit quality.
- Higher general and administrative expenses projected.
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 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 2017 | — | — | — | |
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| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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