Broadstone Net Lease (NYSE:BNL) Releases Earnings Results, Beats Expectations By $0.06 EPS

Broadstone Net Lease (NYSE:BNL) posted its earnings results on Wednesday. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06, Zacks reports. The firm had revenue of $121.40 million for the quarter, compared to analyst estimates of $118.23 million. Broadstone Net Lease had a return on equity of 3.17% and a net margin of 21.25%. Broadstone Net Lease updated its FY 2026 guidance to 1.530-1.570 EPS.

Broadstone Net Lease Price Performance

Shares of BNL stock traded down $0.13 during midday trading on Thursday, reaching $19.80. 4,199,174 shares of the company traded hands, compared to its average volume of 2,420,245. The firm’s 50 day simple moving average is $19.29 and its two-hundred day simple moving average is $18.58. Broadstone Net Lease has a 1-year low of $15.28 and a 1-year high of $20.48. The firm has a market cap of $3.79 billion, a PE ratio of 39.60 and a beta of 0.99.

Broadstone Net Lease Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Tuesday, June 30th. Broadstone Net Lease’s dividend payout ratio (DPR) is presently 234.00%.

Broadstone Net Lease News Roundup

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

• Positive Sentiment: Q1 EPS and revenue beat consensus — Broadstone reported EPS of $0.38 (vs. $0.18 consensus) and revenue of $121.4M (vs. $118.23M). This is a clear operational beat that supports the business narrative. Press Release
• Positive Sentiment: FY 2026 EPS guidance raised slightly above consensus — management set guidance of $1.530–$1.570 for FY26 versus the Street at ~$1.510, indicating modest upward guidance that helps EPS visibility. Guidance Details
• Positive Sentiment: Pipeline growth — the company added $30M to its committed build-to-suit development pipeline, supporting future revenue/FFO growth prospects. Business Wire
• Positive Sentiment: Dividend declared — quarterly dividend of $0.2925 (annualized yield ~5.9%); record date June 30 and payable July 15, which supports income-oriented investor demand.
• Neutral Sentiment: FFO in line with expectations — Q1 FFO of $0.38 matched Zacks’ consensus and was up from $0.36 a year ago, showing steady core cash flow but not an upside surprise. Zacks
• Negative Sentiment: Near-term selling pressure despite positives — heavier volume and the stock’s recent run toward a 12‑month high, combined with an elevated P/E (~39.6), make profit-taking or rate-sensitivity the likeliest causes of the intraday weakness rather than any single negative corporate disclosure.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Invesco Ltd. grew its stake in Broadstone Net Lease by 391.1% in the 4th quarter. Invesco Ltd. now owns 4,565,429 shares of the company’s stock worth $79,302,000 after acquiring an additional 3,635,809 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Broadstone Net Lease during the 4th quarter valued at $209,000. NewEdge Advisors LLC purchased a new stake in shares of Broadstone Net Lease during the 4th quarter valued at $414,000. XTX Topco Ltd purchased a new stake in shares of Broadstone Net Lease during the 4th quarter valued at $2,230,000. Finally, VARCOV Co. purchased a new stake in shares of Broadstone Net Lease during the 4th quarter valued at $728,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BNL. Weiss Ratings raised Broadstone Net Lease from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 6th. UBS Group raised their price objective on Broadstone Net Lease from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, March 9th. Wall Street Zen raised Broadstone Net Lease from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Cantor Fitzgerald increased their target price on shares of Broadstone Net Lease from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 24th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Broadstone Net Lease has a consensus rating of “Moderate Buy” and an average price target of $20.22.

Broadstone Net Lease Company Profile

Broadstone Net Lease, Inc (NYSE: BNL) is a publicly traded real estate investment trust focused on owning and operating single-tenant commercial properties under long-term net leases. The company specializes in acquiring properties that are leased to creditworthy tenants, allowing it to generate predictable, stable rental income while transferring most operating expenses and responsibilities to its lessees.

Broadstone Net Lease’s portfolio spans a variety of property types, including industrial facilities, distribution centers, manufacturing plants, life science and office buildings, and essential retail locations.