Broadstone Net Lease Announces Third Quarter 2026 Results
Key Highlights
- ➤AFFO $77.8 million, or $0.39 per share, increased 5.4% year-over-year
- ➤Public equity offering raised approximately $259.3 million through 12,650,000 shares
- ➤2026 AFFO guidance remains $1.55-$1.57 per diluted share
- ➤Build-to-suit pipeline reached $456.3 million, including a $303 million Colorado facility
- ➤Quarterly dividend increased 0.9% to $0.295 per share
Expert Statements
John Moragne, Chief Executive Officer of Broadstone Net Lease
“We delivered a strong third quarter, generating AFFO growth of 5.4% year-over-year, as our portfolio continued to perform well and our pipeline matured as expected.”
John Moragne, Chief Executive Officer of Broadstone Net Lease
“During the quarter, we were thrilled to return to the public equity markets and complete our $259 million public equity offering - a milestone we are proud of after four years away.”
John Moragne, Chief Executive Officer of Broadstone Net Lease
“Combined with a committed build-to-suit pipeline of $456 million as of today, we have our capital already at work and our path forward clearly defined.”
John Moragne, Chief Executive Officer of Broadstone Net Lease
“With a strengthened balance sheet and the continued confidence of our tenant and developer partners, we believe we remain on track to deliver on our full-year guidance and are energized by what lies ahead.”
Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL”, the “Company”, “we”, “our”, or “us”), today announced its operating results for the quarter ended September 30, 2026.
“We delivered a strong third quarter, generating AFFO growth of 5.4% year-over-year, as our portfolio continued to perform well and our pipeline matured as expected,” said John Moragne, BNL’s Chief Executive Officer. “During the quarter, we were thrilled to return to the public equity markets and complete our $259 million public equity offering - a milestone we are proud of after four years away. Combined with a committed build-to-suit pipeline of $456 million as of today, we have our capital already at work and our path forward clearly defined. With a strengthened balance sheet and the continued confidence of our tenant and developer partners, we believe we remain on track to deliver on our full-year guidance and are energized by what lies ahead.”
Get started
Create a free account to read the full story.