Broadstone Net Lease Inc. (BNL) Tops Q1 EPS by 17c, provides guidance

Broadstone Net Lease Inc. (NYSE: BNL) reported Q1 EPS of $0.35, $0.17 better than the analyst estimate of $0.18. Revenue for the quarter came in at $105.36 million versus the consensus estimate of $105.78 million.

2024 GUIDANCE

For 2024, BNL expects to report AFFO of between $1.41 and $1.43 per diluted share, which has been revised upward to reflect the timing of redeployment from our healthcare portfolio simplification strategy sales.

The guidance is based on the following key assumptions, which are unchanged:

(i) investments in real estate properties between $350 million and $700 million;

(ii) dispositions of real estate properties between $300 million and $500 million; and

(iii) total cash general and administrative expenses 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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