Logotype for Broadstone Net Lease Inc

Broadstone Net Lease (BNL) investor relations material

Broadstone Net Lease Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Broadstone Net Lease Inc
Q2 2025 earnings summary31 Jul, 2025

Executive summary

  • Raised full-year 2025 AFFO guidance to $1.48–$1.50 per share, reflecting 4.2% growth at midpoint, following strong Q2 results and robust investment activity.

  • Portfolio comprised 766 properties across 44 U.S. states and 4 Canadian provinces, 99.1% leased with only two properties vacant at quarter end.

  • Focus remains on industrial and retail net lease properties, with strong tenant and geographic diversification; no tenant exceeds 4% of annualized base rent.

  • Strategic priorities include organic rent escalations, capital expenditures, build-to-suit developments, and a diversified acquisition pipeline.

  • Macroeconomic headwinds, including higher interest rates, have slowed acquisition volume and earnings growth compared to prior years.

Financial highlights

  • Q2 2025 AFFO was $74.3M ($0.38 per share), up 5.6% year-over-year; six-month AFFO was $146.1M.

  • Lease revenues for Q2 2025 were $112.99M, up 6.7% year-over-year; net income for Q2 was $19.8M, down 44.8% due to higher impairment charges.

  • Q2 2025 diluted EPS was $0.10, compared to $0.19 in Q2 2024.

  • Core G&A for the quarter was $6.9M; YTD $14.3M, tracking at the low end of full-year expectations.

  • Dividend declared at $0.29 per share for Q3 2025, payable in October.

Outlook and guidance

  • 2025 AFFO per share guidance increased to $1.48–$1.50, with investment volume expected between $500M and $700M.

  • Disposition volume guidance set at $50M–$100M; core G&A expected at $30M–$31M.

  • Bad debt reserve for the year reduced from 125 to 75 basis points due to positive tenant resolutions.

  • No material debt maturities until 2027; $802.1M available under the revolving credit facility as of June 30, 2025.

  • Targeting mid-single-digit AFFO per share growth through 2027.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Broadstone Net Lease earnings date

Logotype for Broadstone Net Lease Inc
Q3 202530 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Broadstone Net Lease earnings date

Logotype for Broadstone Net Lease Inc
Q3 202530 Oct, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Broadstone Net Lease Inc is a real estate investment trust (REIT) that acquires and manages single-tenant commercial properties under long-term net lease agreements. Its portfolio includes industrial, healthcare, restaurant, office, and retail properties across the United States. The company’s strategy focuses on stable cash flows from tenants operating across diverse sectors. Broadstone Net Lease Inc is headquartered in Rochester, New York, and its shares are listed on the NYSE.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage