Broadstone Net Lease Q2 2024 FFO $0.36, Inline, Sales $105.907M Beat $105.423M Estimate
Portfolio Pulse from Benzinga Newsdesk
Broadstone Net Lease (NYSE:BNL) reported Q2 2024 earnings per share of $0.36, meeting analyst expectations. The company also reported sales of $105.907 million, slightly beating the estimate of $105.423 million. However, this represents a 3.15% decrease compared to the same period last year.
July 30, 2024 | 8:42 pm
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Broadstone Net Lease reported Q2 2024 earnings per share of $0.36, meeting analyst expectations. Sales were $105.907 million, slightly beating the estimate of $105.423 million but down 3.15% year-over-year.
The earnings per share met expectations, which is neutral for the stock price. The slight beat in sales is positive but is offset by the year-over-year decline in revenue, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100