Broadstone Net Lease Provides First Quarter 2024 Business Update [Yahoo! Finance]
Broadstone Net Lease, Inc. (BNL)
US:NYSE Investor Relations:
bunzl.com/investors.aspx
Company Research
Source: Yahoo! Finance
provided a business update for the quarter ended March 31, 2024. Additionally, the Company announced that it will be participating in the Morgan Stanley Triple Net REIT Day on April 9, 2024. Q1 2024 BUSINESS UPDATE During the first quarter, we invested $40.1 million, including $37.1 million in development fundings and $3.0 million in revenue generating capital expenditures. The development fundings primarily relate to our previously disclosed state-of-the-art one million square foot tri-climate distribution facility in Sarasota, Florida, which is expected to open in the third quarter of 2024. The facility will be leased to UNFI pursuant to a 15-year net lease with multiple renewal options and 2.50% annual rent escalations. The stabilized yield upon completion is estimated to be approximately 7.2%, and together with rent escalations will translate into a GAAP capitalization rate of approximately 8.3%. The revenue generating capital expenditures had a weighted average initial cash c
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News
- Broadstone Net Lease Issues 2023 Sustainability Report [Yahoo! Finance]Yahoo! Finance
- Broadstone Net Lease Issues 2023 Sustainability ReportBusiness Wire
- Broadstone Net Lease: An Industrial REIT Powerhouse With A 7.8% Yield [Seeking Alpha]Seeking Alpha
- Broadstone Net Lease, Inc. (NYSE: BNL) had its "peer perform" rating re-affirmed by analysts at Wolfe Research.MarketBeat
- Broadstone Net Lease Schedules First Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
BNL
Earnings
- 2/21/24 - In-Line
BNL
Sec Filings
- 4/5/24 - Form 8-K
- 4/3/24 - Form 8-K
- 3/22/24 - Form ARS
- BNL's page on the SEC website