BNL Reports Q3 2026 Earnings with Increased AFFO and Dividend Hike
BNL reported strong third-quarter 2026 financial results, highlighted by an Adjusted Funds From Operations (AFFO) of $77.8 million, or $0.39 per diluted share, marking a 5.4% year-over-year increase. Revenue reached $121.9 million, supported by robust same-store rental growth and new investments. The company maintained near-perfect portfolio occupancy at approximately 100% and achieved a 99.9% rent collection rate. Looking ahead, management reaffirmed full-year AFFO guidance and increased investment guidance to a range of $700 million to $800 million. To support growth, the company completed a forward equity offering raising approximately $259 million. Additionally, the Board declared a 1% increase in the quarterly dividend to $0.295 per share, reflecting confidence in the company's liquidity and stabilized development pipeline.
Topics: Development Pipeline FFO Industrial Real Estate Portfolio Occupancy Revenue Growth
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