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AI brief of an SEC Form 8-K · Broadstone Net Lease (BNL)

Broadstone Net Lease Q4 net income up to $27.6 million; sets 2025 AFFO outlook

Positive Impact 3 of 5 earnings Written later

Broadstone Net Lease reported fourth quarter and full year 2024 results on February 19, 2025. Fourth quarter net income was $27.6 million, or $0.14 per diluted share, up from $6.8 million a year earlier, and full year 2024 AFFO was $1.43 per diluted share, at the top end of the company's guidance range. The company also projected 2025 AFFO of $1.45 to $1.49 per diluted share.

Key points

  • Q4 2024 net income was $27.6 million, or $0.14 per diluted share, versus $6.8 million, or $0.03, in Q4 2023 and $37.3 million, or $0.19, in Q3 2024.
  • Q4 2024 revenues were $112.1 million, up from $105.0 million in Q4 2023; Q4 AFFO was $70.5 million, or $0.36 per share, the same per-share figure as Q4 2023.
  • Full year 2024 AFFO was $1.43 per diluted share, up from $1.41 in 2023 and at the top of guidance; 2025 AFFO guidance is $1.45 to $1.49 per diluted share.
  • The board declared a quarterly dividend of $0.29 per share, payable on or before April 15, 2025, to holders of record as of March 31, 2025.

The filing

CompanyBroadstone Net Lease (BNL)
Form8-K, current report
Filed with the SECFeb 19, 2025, 4:14 PM ET
Accession number0000950170-25-023179

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 February 19, 2025.

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.