Broadstone Net Lease Q1 2024 FFO $0.36, Inline, Sales $105.366M Miss $107.054M Estimate
Portfolio Pulse from Benzinga Newsdesk
Broadstone Net Lease (NYSE:BNL) reported Q1 2024 FFO of $0.36 per share, meeting analyst estimates, with a 5.88% increase over the previous year. However, their sales of $105.366M fell short of the $107.054M estimate, marking an 11.45% decrease from the previous year.
May 01, 2024 | 8:48 pm
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Broadstone Net Lease reported a Q1 2024 FFO of $0.36 per share, aligning with estimates, and a slight sales miss at $105.366M versus the expected $107.054M.
While BNL met FFO estimates, indicating operational efficiency and profitability, the slight miss in sales could raise concerns about revenue growth. However, the close miss suggests a relatively stable financial performance, likely resulting in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100