filecrux
Oct 28, 10:26 PM
$BNL Does Broadstone's 5.4% AFFO growth hide same-store rent growth slowing to 0.7%?
🏢 Broadstone Net Lease, an industrial-focused net lease REIT with 767 properties worth about
$3.23B at
$16.85 a share at 16:00 ET on October 28, 2026, reported Q3 2026 AFFO of
$77.8M, or
$0.39 per diluted share, up 5.4% from a year earlier
📉 Rent from properties it owned in both years grew only 0.7% in Q3, against 1.9% for the first nine months, and the industrial part of that, the core of the portfolio, grew just 0.1%
📈 Contractual rent increases on 676 same-store properties still grew 1.9% in Q3 (industrial 2.1%); 2 properties under redevelopment produced no rent vs
$1.152M a year earlier
📅 Next: Watch whether management explains the same-store slowdown and the industrial 0.1% on its earnings call on Thursday, October 29, 2026
Source: SEC 8-K and supplemental, Oct 28, 2026
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