The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commercial REITs peer group is "buy"
Wall Street's median 12-month price target for Broadstone Net Lease Inc is $22.00, about 1.8% below its July 28 closing price of $22.40
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 27 three months ago
Outlook and guidance
Broadstone Net Lease raises 2026 AFFO per share guidance midpoint to $1.56, range $1.55-$1.57
Company expects 2026 real estate investments between $600 mln and $800 mln, up from prior forecast
Company expects 2026 property dispositions between $100 mln and $150 mln, up from prior forecast
Quarterly results and overview
U.S. net lease REIT's Q2 revenue was in line with analyst expectations
EPS for Q2 beat analyst expectations
Company raised full-year AFFO per share guidance midpoint to $1.56
Result drivers and key details
- Same store rental revenue grew 2.2% from prior year, driven by contractual rent increases and prior leasing activity
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