Broadstone Net Lease Inc. (BNL) Tops Q2 EPS by 1c, provides guidance

Broadstone Net Lease Inc. (NYSE: BNL) reported Q2 EPS of $0.19, $0.01 better than the analyst estimate of $0.18. Revenue for the quarter came in at $105.9 million versus the consensus estimate of $104.6 million.

2024 GUIDANCE

For 2024, BNL expects to report AFFO of between $1.41 and $1.43 per diluted share, which remains unchanged.

The guidance is based on the following key assumptions:

investments in real estate properties between $400 million and $700 million, revised up from between $350 million and $700 million;
dispositions of real estate properties between $350 million and $450 million, revised from between $300 million and $500 million; and
total cash general and administrative expenses between $31.5 million and $33.5 million, revised down from between $32 million and $34 million

For earnings history and earnings-related data on Broadstone Net Lease Inc. (BNL) click here.

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