Broadstone Net Lease Q3 revenue $108.4M and EPS $0.19, down from $0.26 a year earlier
Broadstone Net Lease reported third quarter 2024 revenue of $108.4 million, down from $109.5 million a year earlier but up from $105.9 million in the prior quarter. Diluted earnings per share were $0.19, compared with $0.26 a year earlier, while AFFO was $70.2 million, or $0.35 per share. The company kept its 2024 AFFO per share guidance of $1.41 to $1.43 unchanged but lowered its expected real estate investment range to $400 million to $600 million.
Key points
- Q3 2024 revenue $108.4 million, versus $109.5 million in Q3 2023 and $105.9 million in Q2 2024
- Net income $37.3 million, or $0.19 per diluted share, versus $0.26 in Q3 2023
- 2024 AFFO per share guidance of $1.41 to $1.43 unchanged; investment assumption cut to $400 million to $600 million from $400 million to $700 million
- Quarterly dividend of $0.29 declared on October 24, 2024, payable on or before January 15, 2025
The filing
Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.