Broadstone Net Lease, Inc. (BNL) Q3 2026 Earnings Call Transcript

Broadstone Net Lease, Inc. ( BNL ) Q3 2026 Earnings Call October 29, 2026 11:00 AM EDT Company Participants Brent Maedl - Director of Corporate Finance & Investor Relations John Moragne - CEO & Director Ryan Albano - President & COO Kevin Fennell - Executive VP, CFO & Treasurer Conference Call Participants Eric Borden - BMO Capital Markets Equity Research Anthony Paolone - JPMorgan Chase & Co, Research Division Jay Kornreich - Cantor Fitzgerald & Co., Research Division Caitlin Burrows - Goldman Sachs Group, Inc., Research Division Upal Rana - KeyBanc Capital Markets Inc., Research Division Linda Tsai - Truist Securities, Inc., Research Division Michael Goldsmith - UBS Investment Bank, Research Division Ryan Caviola - Green Street Advisors, LLC, Research Division Ronald Kamdem - Morgan Stanley, Research Division Michael Gorman - BTIG, LLC, Research Division Presentation Operator Hello, and welcome to Broadstone Net Lease's Third Quarter 2026 Earnings Conference Call. My name is Matthew, and I will be your operator today.

Seeking Alpha • 3 hours ago

Broadstone Net Lease Announces Third Quarter 2026 Results

VICTOR, N.Y.--(BUSINESS WIRE)-- #acquisitions--Broadstone Net Lease Announces Third Quarter 2026 Results.

Business Wire • Oct 28, 2026

Broadstone Net Lease, Inc. (BNL) Q3 FFO Meet Estimates

Broadstone Net Lease, Inc. (BNL) came out with quarterly funds from operations (FFO) of $0.39 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $0.37 per share a year ago.

Zacks Investment Research • Oct 29, 2026

Buy Any Of 23 LoPrice/HiYield Dividend Dogs For October

Dividend-paying stocks, especially 'LoPrice/HiYield Dividend Dogs,' are positioned for strong total returns as market sentiment shifts from growth to income. Top ten LoPrice/HiYield Dogs are projected to deliver average net gains of 51.9% by October 2027, with some individual names like BXMT estimated at 76.17%. Twenty-nine of forty-two featured stocks show 'safer' dividends, supported by positive free cash flow, but thirteen rely on borrowed funds for payouts.

Seeking Alpha • Oct 28, 2026

Broadstone Net Lease: A Covered Dividend At A Fair Price With Less Growth Than The Pipeline Suggests

Broadstone Net Lease is rated a BUY at $17.23, targeting $20.19 for a 17.2% margin and a 6.8% dividend yield. BNL's investment thesis centers on stable AFFO growth, disciplined capital deployment, and a base case AFFO multiple of 13x, supporting a $20.30 valuation. Key risks include project delays, tenant credit quality, and refinancing exposure, with leverage and payout ratios closely monitored for downside triggers.

Seeking Alpha • Oct 27, 2026

Broadstone Net Lease Schedules Third Quarter 2026 Earnings Release and Conference Call

VICTOR, N.Y.--(BUSINESS WIRE)-- #acquisitions--Broadstone Net Lease Schedules Third Quarter 2026 Earnings Release and Conference Call.

Business Wire • Oct 5, 2026

The Ultimate SWAN Investment: Why Retirees Should Own Net Lease REITs

Realty Income, Essential Properties, and Agree Realty are my top SWAN net lease REITs for dependable, growing retirement income. O, EPRT, and ADC offer sector-leading AFFO-per-share growth, conservative payout ratios, and attractive yields, trading below historical AFFO multiples. Scale, cost of capital, and disciplined underwriting are critical; sector consolidation favors larger REITs with diversified portfolios and capital access.

Seeking Alpha • Sep 7, 2026

Broadstone Net Lease: The Opportunity Window Has Closed (Rating Downgrade)

BNL is downgraded to Hold after a strong rally and multiple expansions. BNL's portfolio shift toward industrial properties enhances lease terms and rent escalators, supporting long-term fundamentals. The balance sheet remains solid with manageable debt maturities and improved credit facilities, reducing near-term refinancing risks.

Seeking Alpha • Sep 2, 2026

Broadstone Net Lease: The Dilution Looks Worse Than The Economics

Broadstone Net Lease is rated Buy, supported by a 13.3x forward AFFO and 5.6% yield, with a credible development-driven growth story. BNL's $249.7M forward equity offering aligns with $46M ABR growth already contracted through 2027, minimizing dilution risk and supporting AFFO/share. The Colorado development offers superior economics, starting at an 8.5% yield, and will become BNL's largest tenant by ABR, enhancing portfolio quality.

Seeking Alpha • Sep 2, 2026

Broadstone Net Lease Adds $23 Million to its Committed Pipeline of Build-to-Suit Developments

VICTOR, N.Y.--(BUSINESS WIRE)-- #acquisitions--Broadstone Net Lease Adds $23 Million to its Committed Pipeline of Build-to-Suit Developments.

Business Wire • Aug 25, 2026