Broadstone Net Lease Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Broadstone Net Lease (NYSE:BNL) Full Year 2024 Results

Key Financial Results

• Revenue: US$431.8m (down 2.5% from FY 2023).
• Net income: US$162.4m (up 4.9% from FY 2023).
• Profit margin: 38% (up from 35% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: US$0.87 (up from US$0.83 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Broadstone Net Lease Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 3.7%.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the REITs industry in the US.

Performance of the American REITs industry.

The company's shares are up 2.6% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Broadstone Net Lease that you need to be mindful of.

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