BNL Broadstone Net Lease (BNL) Q1 FY26 earnings call
Broadstone Net Lease delivered strong first-quarter results, driven by robust AFFO growth and strategic investments in its build-to-suit platform, including significant new development projects and a creatively structured acquisition. The company is actively advancing its Project Triboro data center opportunity while maintaining financial flexibility and disciplined capital allocation. Management remains confident in its long-term growth strategy despite ongoing market dynamics.
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BNL operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Capital expenditures Build-to-suit developments | $99.4MIn total, we deployed $171.9 million during the quarter, including $61.2 million in new property acquisitions, $99.4 million in build-to-suit developments and $10.4 million in incremental investments in existing transitional capital projects.Source: earnings call transcript | $77.3MDuring the second quarter, we invested $91.5 million, comprised primarily of $77.3 million in build-to-suit developments and $13.5 million in transitional capital.Source: earnings call transcript | -22.2% |
| Capital expenditures Transitional capital projects | $10.4MIn total, we deployed $171.9 million during the quarter, including $61.2 million in new property acquisitions, $99.4 million in build-to-suit developments and $10.4 million in incremental investments in existing transitional capital projects.Source: earnings call transcript | $13.5MDuring the second quarter, we invested $91.5 million, comprised primarily of $77.3 million in build-to-suit developments and $13.5 million in transitional capital.Source: earnings call transcript | +29.8% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.