BNL Broadstone Net Lease (BNL) Q2 FY26 earnings call
Broadstone Net Lease delivered a strong second quarter, highlighted by a significant build-to-suit joint venture and an increase in full-year AFFO per share guidance. The company's differentiated growth strategy, particularly its build-to-suit platform, is yielding substantial results, providing clear visibility into future earnings growth. Management is also actively managing its portfolio through strategic dispositions and redevelopments, while maintaining financial discipline and a strong liquidity position.
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BNL operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call 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.