Broadstone Net Lease Reaffirms 2026 AFFO Guidance Following Q3 Earnings Growth
Broadstone Net Lease (BNL) reported third-quarter Adjusted Funds From Operations (AFFO) of $0.39 per diluted share, representing a 5.4% increase compared to the same period last year. During the earnings call, management reaffirmed its long-term financial outlook, maintaining guidance for 2026 AFFO per share in the range of $1.55 to $1.57. The company also provided visibility into its future growth pipeline, projecting approximately $36 million in Adjusted Book Rent (ABR) by the end of 2027. This guidance underscores management's confidence in their scaling strategy and ability to maintain consistent cash flow growth through the mid-term.
Topics: AFFO growth earnings report financial results
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