Broadstone NetLease generated third-quarter AFFO of $77.8 million, or $0.39 per diluted share, representing a 5.4% increase over the third quarter of 2025, and reaffirmed full-year 2026 AFFO guidance of $1.55 to $1.57 per diluted share.
BNL · Broadstone Net Lease, Inc.
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Broadstone Net Lease, Inc. invested $499,985 during the nine months ended September 30, 2026, including $314,766 in development projects, while its 767-property portfolio was approximately 100.0% leased.
Broadstone Net Lease reported net income of $28.1 million, or $0.14 per diluted share, and AFFO of $77.8 million, or $0.39 per diluted share, for the quarter ended September 30, 2026. It invested $236.6 million and raised its quarterly dividend to $0.295 per share.
Broadstone Net Lease will release financial and operating results for the quarter ended September 30, 2026 after market close on October 28, 2026, followed by an earnings call on October 29, 2026 at 11:00 a.m. Eastern Time.
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Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Jul 30, 2026TL;DR. BNL raised its full-year 2026 AFFO per share guidance midpoint to $1.56 (from $1.53–$1.57), lifted full-year investment guidance by more than $100 million to $600–$800 million, lowered its full-year bad debt assumption to 50 bps from 75 bps, and announced a $303 million build-to-suit development with a Fortune 20 investment-grade tenant in Colorado.
- + Raised full-year investment guidance by more than $100 million to a range of $600–$800 million.
- + Lowered full-year bad debt assumption to 50 basis points from 75 basis points.
- + Announced a $303 million build-to-suit development with a Fortune 20 investment-grade tenant in Colorado, expected to be meaningfully accretive to 2027 and 2028 earnings.
- + Committed build-to-suit pipeline totals approximately $645 million with a weighted-average estimated initial cash yield of ~7.9% and straight-line yield of ~9.9%.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
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Versus peers
REIT - Diversified — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
BNL
this stock
Broadstone Net Lease, Inc.
|
$3.38B | +1.3% | +5.2% | 23.2 | 10.6% |
|
VICI
Vici Properties Inc.
|
$27.54B | -11.1% | +4.1% | 11.5 | 2.7% |
|
WPC
W. P. Carey Inc.
|
$15.11B | +2.0% | +8.4% | 23.2 | 3.9% |
|
GNL
Global Net Lease, Inc.
|
$1.47B | -23.5% | -13.1% | — | 6.5% |
|
AAT
American Assets Trust, Inc.
|
$1.33B | +14.6% | -4.7% | 62.0 | 2.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
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- Oct 28, 2026
- This year
- 24
Broadstone Net Lease, Inc. invested $499,985 during the nine months ended September 30, 2026, including $314,766 in development projects, while its 767-property portfolio was approximately 100.0% leased.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| BNL | +0.5% | -2.9% | -14.7% | +2.9% | +1.3% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -2.1% | -1.8% | -15.2% | +3.1% | -9.3% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.