Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Broadstone Net Lease (BNL)
NYSE:BNL
RESEARCH TOOLSreports
Holding BNL?
Track your performance easily
Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.2Last Year’s EPS
$0.03Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -11.26%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call highlights significant achievements in strategic repositioning and a strong development pipeline that promises future growth. However, there are challenges with increased operating expenses due to vacancies and some credit risks in specific industries. Despite these issues, the company maintains a positive outlook with reaffirmed AFFO guidance.Company Guidance
During Broadstone Net Lease's Q3 2024 earnings call, the company maintained its AFFO guidance range of $1.41 to $1.43 per share, highlighting its strategic focus on repositioning its portfolio and pursuing sustainable growth. The guidance reflects Broadstone's decision to strategically exit clinical healthcare assets, reducing the exposure to approximately 4% of ABR. The company has committed $405 million to build-to-suit developments, expecting an initial cash yield in the mid- to high 7% range and straight-line yields exceeding 9%. These projects, including a significant 1 million square foot UNFI distribution center, contribute to a pipeline that is projected to add approximately $33 million of incremental ABR by Q4 2025 and into 2026, supporting growth despite challenges in the broader net lease market.Clinical Health Care Simplification Strategy Success
Successfully reduced health care exposure below 10%, with clinical assets now only 4% of ABR. Completed sales of 10 clinical health care assets.
UNFI Build-to-Suit Project Completion
Completed a 1 million sq ft Tri-Climate food distribution asset in Sarasota, Florida, ahead of schedule. It contributes to earnings with a 7.2% initial cash yield and 15-year lease term.
Strong Build-to-Suit Development Pipeline
$405 million in committed developments with cash yields in the mid- to high 7% range and straight-line yields exceeding 9%.
Lease Extensions and Renewals
Secured 6 lease extensions or tenant renewals year-to-date, all at or above 100% recapture rates with minimal tenant improvements.
AFFO Guidance Reaffirmed
Reaffirmed AFFO guidance range of $1.41 to $1.43 per share for 2024.
---
BNL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
BNL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $18.11 | $17.59 | -2.87% |
| Jul 30, 2024 | $17.69 | $17.14 | -3.11% |
| May 01, 2024 | $14.13 | $14.73 | +4.25% |
| Feb 21, 2024 | $14.86 | $14.12 | -4.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Broadstone Net Lease (BNL) report earnings?
Broadstone Net Lease (BNL) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Broadstone Net Lease (BNL) earnings time?
Broadstone Net Lease (BNL) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BNL EPS forecast?
BNL EPS forecast for the fiscal quarter 2024 (Q4) is $0.2.
---