Broadstone Net Lease Sees FY23 AFFO $1.40-$1.42
Portfolio Pulse from Benzinga Newsdesk
Broadstone Net Lease (BNL) has affirmed its FY23 AFFO guidance of $1.40-$1.42 per share. The guidance is based on key assumptions including investments in real estate properties up to $250 million, dispositions of real estate properties of approximately $200 million, and total cash general and administrative expenses between $31 million and $33 million. The company does not provide guidance for net income due to uncertainties in predicting certain items.
November 01, 2023 | 8:36 pm
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Broadstone Net Lease's affirmation of its FY23 AFFO guidance may provide stability to its stock. However, the reduction in real estate investments and administrative expenses may indicate a cautious approach.
The affirmation of the FY23 AFFO guidance provides a clear outlook for investors, which can stabilize the stock. However, the reduction in real estate investments and administrative expenses may indicate a cautious approach, which could be due to various factors such as market conditions or company strategy. This could potentially impact the stock in the short term.
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IMPORTANCE 75
RELEVANCE 100