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Broadstone Net Lease, Inc. (BNL) Q1 FFO Match Estimates
BNLBroadstone(BNL) ZACKS·2025-04-30 23:25

Financial Performance - Broadstone Net Lease reported quarterly funds from operations (FFO) of 0.36pershare,consistentwiththeZacksConsensusEstimateandunchangedfromthepreviousyear[1]−Thecompanypostedrevenuesof0.36 per share, consistent with the Zacks Consensus Estimate and unchanged from the previous year [1] - The company posted revenues of 108.69 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 2.62%, but showing an increase from 105.37millionyear−over−year[2]−Overthelastfourquarters,BroadstoneNetLeasehassurpassedconsensusFFOestimatesonlyonce[1]MarketPerformance−BroadstoneNetLeaseshareshaveincreasedapproximately1.2105.37 million year-over-year [2] - Over the last four quarters, Broadstone Net Lease has surpassed consensus FFO estimates only once [1] Market Performance - Broadstone Net Lease shares have increased approximately 1.2% since the beginning of the year, contrasting with a decline of -5.5% in the S&P 500 [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Future Outlook - The current consensus FFO estimate for the upcoming quarter is 0.36 on revenues of 112.44million,andforthecurrentfiscalyear,itis112.44 million, and for the current fiscal year, it is 1.46 on revenues of $452.24 million [7] - The estimate revisions trend for Broadstone Net Lease is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The REIT and Equity Trust - Residential industry, to which Broadstone Net Lease belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, suggesting potential challenges ahead [8]