- Broadstone Net Lease (BNL, Financial) reported first-quarter FFO of $0.36, missing estimates by $0.02.
- Revenue increased by 3.2% year-over-year but fell short of expectations by $1.11 million.
- Analysts maintain a positive outlook with a "Outperform" rating and an average price target suggesting a 16.55% upside.
Broadstone Net Lease Inc. (BNL) recently announced its financial results for the first quarter, reporting a funds from operations (FFO) of $0.36, which slightly underperformed expectations by $0.02. The company's revenue climbed to $108.69 million, marking a 3.2% increase compared to the previous year. However, this figure fell short of analysts' forecasts by $1.11 million. Despite these results, Broadstone Net Lease is steadfast in its projected range for its 2025 annualized funds from operations (AFFO) per share, which remains between $1.45 and $1.49, against a consensus estimate of $1.53.
Wall Street Analysts Forecast
Wall Street analysts remain optimistic about Broadstone Net Lease's future, offering a one-year average price target of $18.86 from seven analysts. This target includes a high estimate of $22.00 and a low of $15.00, translating to a potential upside of 16.55% from the current stock price of $16.18. Investors seeking more detailed projections can explore the Broadstone Net Lease Inc (BNL, Financial) Forecast page.
The consensus among ten brokerage firms classifies Broadstone Net Lease Inc. (BNL, Financial) with an average brokerage recommendation of 2.4, indicating an "Outperform" status. This rating falls on a scale from 1 to 5, where 1 signifies a Strong Buy and 5 represents a Sell recommendation.
According to GuruFocus estimates, the GF Value of Broadstone Net Lease Inc. (BNL, Financial) is projected to be $17.22 in one year, suggesting a potential 6.43% upside from the current price of $16.18. The GF Value is GuruFocus's assessment of the fair value at which the stock should trade, derived from historical multiples, past business growth, and future performance estimates. For a comprehensive view, visit the Broadstone Net Lease Inc (BNL) Summary page.
