Broadstone Net Lease Q2 FY26 net income more than doubled to $40.3 million; revenue rises 8.2% to $122.31 million
Reuters2026/07/29 20:53- Broadstone Net Lease posted GAAP net income of $40.3 million, more than doubled from a year earlier; diluted EPS rose to $0.21.
- Revenue increased 8.24% to $122.31 million; AFFO, a non-GAAP metric, edged up 2.6% to $78.21 million, or $0.39 per share.
- Same-store rental revenue grew 2.2%; base-rent collections were 99.9%, with in-place annual rent escalators averaging 2.1% across the portfolio.
- BNL invested $91.5 million, sold nine properties for $62 million, and announced a $303 million Colorado build-to-suit for a Fortune 20 investment-grade tenant.
- Raised 2026 AFFO guidance to $1.55-$1.57 per share; CEO John Moragne cited a $645 million committed build-to-suit pipeline and balance-sheet discipline.
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