Broadstone Net Lease (NYSE:BNL) Posts Earnings Results, Misses Expectations By $0.02 EPS

Broadstone Net Lease (NYSE:BNL) released its quarterly earnings results on Wednesday. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02), FiscalAI reports. The firm had revenue of $121.87 million for the quarter, compared to analysts’ expectations of $122.19 million. Broadstone Net Lease had a net margin of 30.26% and a return on equity of 4.85%.

Broadstone Net Lease Stock Down 0.7%

Shares of NYSE BNL traded down $0.12 during midday trading on Friday, hitting $17.29. The company had a trading volume of 894,988 shares, compared to its average volume of 2,222,245. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 22.78 and a beta of 0.91. The business has a 50-day simple moving average of $19.22 and a two-hundred day simple moving average of $19.86. Broadstone Net Lease has a twelve month low of $16.70 and a twelve month high of $23.10.

Broadstone Net Lease Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be issued a dividend of $0.2950 per share. This is an increase from Broadstone Net Lease’s previous quarterly dividend of $0.2925. This represents a $1.18 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Thursday, December 31st. Broadstone Net Lease’s dividend payout ratio is currently 153.95%.

Analysts Set New Price Targets

A number of analysts recently commented on BNL shares. KeyCorp reaffirmed an “overweight” rating on shares of Broadstone Net Lease in a research note on Tuesday, September 15th. Truist Financial raised Broadstone Net Lease from a “hold” rating to a “buy” rating and cut their price target for the company from $22.00 to $21.00 in a report on Thursday, October 1st. The Goldman Sachs Group increased their target price on Broadstone Net Lease from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings downgraded shares of Broadstone Net Lease from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, BMO Capital Markets increased their price target on Broadstone Net Lease from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Broadstone Net Lease presently has a consensus rating of “Moderate Buy” and an average target price of $22.33.

Insider Activity

In other Broadstone Net Lease news, Director Richard Imperiale purchased 5,000 shares of Broadstone Net Lease stock in a transaction on Thursday, August 20th. The shares were bought at an average price of $21.22 per share, with a total value of $106,100.00. Following the purchase, the director directly owned 26,250 shares in the company, valued at $557,025. This trade represents a 23.53% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.02% of the company’s stock.

Broadstone Net Lease News Summary

Here are the key news stories impacting Broadstone Net Lease this week:

• Positive Sentiment: Broadstone Net Lease raised its FY 2026 EPS guidance to $1.55–$1.57, above the $1.51 analyst consensus. The increase suggests management expects improved operating performance and supports the company’s earnings outlook.
• Positive Sentiment: Third-quarter FFO was $0.39 per share, matching expectations and increasing from $0.37 a year earlier. FFO is a key performance measure for REIT investors. Broadstone Net Lease Q3 FFO Meet Estimates
• Positive Sentiment: The company declared a quarterly dividend of $0.295 per share, up 0.9% from the prior payout. The annualized dividend is $1.18, representing an approximately 7% yield based on the referenced share price, which may appeal to income-focused investors. Broadstone Net Lease Declares Quarterly Dividend
• Neutral Sentiment: Management’s third-quarter earnings call focused on the company’s operating results and build-to-suit strategy, which could support longer-term portfolio growth, but the available transcript details do not indicate a major new catalyst. Broadstone Net Lease Q3 2026 Earnings Call Transcript
• Negative Sentiment: Reported EPS of $0.14 fell short of the $0.16 consensus, while revenue of $121.87 million was slightly below the $122.19 million estimate. The earnings shortfall likely offsets some of the benefit from the higher guidance. Broadstone Net Lease Reports Third-Quarter Results
• Negative Sentiment: Cantor Fitzgerald lowered its price target from $24 to $21, although it maintained an “overweight” rating. The cut signals more limited near-term upside expectations despite the still-bullish recommendation.

Broadstone Net Lease Company Profile

Broadstone Net Lease, Inc (NYSE: BNL) is a real estate investment trust (REIT) that owns and manages a diversified portfolio of primarily single-tenant commercial properties. The company generally leases its properties under long-term, triple-net agreements, under which tenants are typically responsible for property taxes, insurance and maintenance expenses.

Broadstone’s portfolio includes properties used by healthcare providers, industrial and manufacturing companies, office-based businesses, restaurants and retail operators.