Earnings Releases·Oct 28, 2026, 4:13 PM ET

Broadstone Net Lease — Third Quarter 2026 Earnings Summary

Net income remained flat at $0.14 per share year-over-year, while Adjusted Funds From Operations (AFFO) rose 5.4% to $0.39 per share, driven by $121.9 million in quarterly revenue and 0.7% same-store rental growth.
Reaffirmed full-year 2026 AFFO per share guidance of $1.55 to $1.57; simultaneously raised investment guidance to $700–$800 million and disposition guidance to $150–$200 million.
Executed $236.6 million in capital deployment during the quarter, including $63.8 million in new acquisitions and $137.1 million in build-to-suit developments, with a total in-process pipeline of $456.3 million.
Strengthened balance sheet through a $259 million public equity offering in August 2026 and a new $300 million senior unsecured delayed-draw term loan, while raising the quarterly dividend by 0.9% to $0.295 per share.
Maintained strong operational metrics with 99.9% rent collection, a weighted average lease term of 9.3 years, and a Pro Forma Net Debt to Annualized Adjusted EBITDAre ratio of 5.4x.