Broadstone Net Lease Q3 revenue and EPS miss estimates
BNL•Broadstone Net Lease reported Q3 revenue of $121.87 million and EPS of $0.14, both below estimates. It raised 2026 investment and disposition guidance and expects AFFO of $1.55-$1.57 per diluted share.
1. Quarterly results
Q3 revenue rose but missed analyst expectations, coming in at $121.87 million versus a $123.63 million consensus. EPS was $0.14, below the $0.17 estimate. FFO was $76.65 million, or $0.38 per share, while AFFO per share grew 5.4% year over year.
2. Raised 2026 guidance
The company raised its 2026 real estate investment guidance to $700 million-$800 million from $600 million-$800 million, and its disposition guidance to $150 million-$200 million from $100 million-$150 million. It expects 2026 AFFO of $1.55-$1.57 per diluted share.
3. Portfolio performance
Broadstone Net Lease said same-store rental revenue growth was driven by contractual rent increases and prior leasing activity. It highlighted a committed $456 million build-to-suit pipeline and collected 99.9% of base rents due for the quarter across properties under lease.
