Broadstone Net Lease, Inc. provided an update on its recent business activity through December 1, 2025, and initial guidance for fiscal year 2026.
The company maintained its 2025 AFFO guidance and expects approximately 4.0% growth in AFFO for 2026 at the midpoint.
BNL sold 621,487 shares of common stock for gross proceeds of approximately $11.4 million under its ATM Program, with no settlements as of now.
Investment Activity
In 2025, BNL invested $696.7 million, including acquisitions, build-to-suit developments, and capital expenditures, positioning it for strong growth.
AFFO Guidance
Maintains 2025 AFFO guidance and expects 4.0% growth in AFFO for 2026, supported by strategic real estate investments and dispositions.
Investor Day
BNL will host an Investor Day to provide insights into its long-term strategy, disciplined investment approach, and operational execution, enhancing value creation.
- BNL's strong momentum and clear runway for 2026 indicate confidence in delivering on AFFO growth targets despite challenges.
- The company's well-positioned balance sheet and growth strategy suggest a unique position for long-term value creation.
With a robust investment activity in 2025 and positive outlook for 2026, Broadstone Net Lease is strategically positioned for continued growth and value creation in the real estate sector.