Broadstone Net Lease reported second quarter 2026 net income of $40.3 million ($0.21 per diluted share), a 110% increase year-over-year, driven by strong operational performance and asset sales. Adjusted Funds From Operations (AFFO) rose 2.6% to $78.2 million ($0.39 per diluted share). The company raised its full-year 2026 AFFO guidance midpoint to $1.56 per share from $1.53, citing a committed build-to-suit pipeline of $645 million and in-place rent increases of 2.1%. Post-quarter-end, Broadstone announced a $303 million build-to-suit development for a Fortune 20 investment-grade tenant and entered into a new $300 million senior unsecured delayed-draw term loan maturing January 30, 2030. The board declared a quarterly dividend of $0.2925 per share, payable October 15, 2026 to holders of record as of September 30, 2026. Broadstone Net Lease is an industrial-focused net lease REIT investing in single-tenant commercial real estate properties.
