Broadstone Net Lease Q3 2025 Earnings Release

Broadstone Net Lease, Inc. (BNL) reported its financial results for the third quarter of 2025, highlighting a net income of $27.1 million, or $0.14 per diluted share, a 26.3% decrease compared to the same period in the prior year. The company generated adjusted funds from operations (AFFO) of $74.3 million, or $0.37 per diluted share, representing a 5.7% increase year-over-year. BNL invested $203.9 million in new property acquisitions, build-to-suit developments, and other capital expenditures during the quarter. The company also completed a public offering of $350 million in senior unsecured notes. BNL's portfolio was 99.5% leased, and it collected 100% of base rents due for the quarter. The company raised its full-year AFFO guidance to $1.49 to $1.50 per share.