Broadstone Net Lease Raises 2026 AFFO Midpoint to $1.56, Sets $600–$800M Capex Plan
BNL sits 34% above its 52-week low of $16.045.
Summary
Broadstone Net Lease raised its 2026 AFFO midpoint to $1.56, signaling confidence in cash flow growth. The company also laid out a $600–$800M investment plan and $100–$150M in dispositions, giving a clear capital allocation roadmap. The $303M Colorado build-to-suit JV with a Fortune 20 tenant now has specifics: a 100MW powered shell on a 15-year triple-net lease with escalations, due around March 2027. This follows last week's Q2 beat and the initial JV announcement, adding concrete forward numbers that improve visibility. The raised guidance and large committed development pipeline strengthen the growth narrative for this net-lease REIT.
At the time of this announcement, BNL was trading at $21.58 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $4.1B. The 52-week trading range was $16.05 to $23.10. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.