Broadstone Net Lease, Inc. ( (BNL) ) has released its Q3 earnings. Here is a breakdown of the information Broadstone Net Lease, Inc. presented to its investors.
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Broadstone Net Lease, Inc. is a real estate investment trust (REIT) that focuses on acquiring and managing single-tenant commercial properties across the industrial, retail, and other sectors, primarily in the United States and Canada. The company is known for its diversified portfolio and long-term net lease agreements.
In its third-quarter earnings report for 2025, Broadstone Net Lease, Inc. reported a robust performance, highlighting strategic acquisitions and developments. The company invested $204 million in new acquisitions and projects, achieved 100% rent collection, and resolved tenant issues without incurring bad debt. As a result, the company raised its full-year guidance for adjusted funds from operations (AFFO) per share.
Key financial metrics for the quarter included a net income of $27.1 million, representing a decrease from the previous year due to increased interest expenses and impairment provisions. However, AFFO increased by 5.7% to $74.3 million. The portfolio remained strong with a 99.5% lease rate, and the company successfully navigated tenant bankruptcies without financial loss.
Investment activities were significant, with $203.9 million invested in property acquisitions and developments, contributing to a year-to-date total of $552.6 million. The company also completed a $350 million public offering of senior unsecured notes to support its investment strategy and manage debt.
Looking forward, Broadstone Net Lease, Inc. remains optimistic about its growth prospects, with plans to continue expanding its portfolio through strategic investments and maintaining strong lease agreements. The management’s outlook reflects confidence in achieving long-term shareholder value through disciplined financial and operational strategies.