For 2024, Broadstone Net Lease Expects To Report AFFO Of $1.41 Per Diluted Share
Portfolio Pulse from Benzinga Newsdesk
Broadstone Net Lease (BNL) projects its 2024 AFFO to be $1.41 per diluted share, based on investments in real estate properties between $350 million and $700 million, dispositions between $300 million and $500 million, and total cash general and administrative expenses between $32 million and $34 million. The company highlights that its per-share results are sensitive to the timing and amount of real estate investments, dispositions, and capital markets activities. BNL does not provide GAAP net income guidance due to the unpredictability of certain items.
February 21, 2024 | 9:12 pm
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Broadstone Net Lease expects its 2024 AFFO to be $1.41 per diluted share, influenced by significant real estate investments and dispositions.
The guidance provided by BNL indicates a positive outlook for 2024, based on planned real estate investments and dispositions. This strategic financial planning could signal strength and growth potential in BNL's operations, likely leading to a positive investor sentiment and potentially an increase in stock price in the short term.
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