Broadstone Net Lease, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:10 pm EDT
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Broadstone Net Lease, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 109.54 million compared to USD 109.35 million a year ago. Net income was USD 49.68 million compared to USD 60.01 million a year ago. Basic earnings per share from continuing operations was USD 0.27. Diluted earnings per share from continuing operations was USD 0.26 compared to USD 0.16 a year ago.
For the nine months, sales was USD 337.89 million compared to USD 295.38 million a year ago. Net income was USD 149 million compared to USD 87.38 million a year ago. Basic earnings per share from continuing operations was USD 0.8 compared to USD 0.52 a year ago. Diluted earnings per share from continuing operations was USD 0.8 compared to USD 0.52 a year ago.
Broadstone Net Lease, Inc. is an industrial-focused, diversified net lease real estate investment trust (REIT). The Company invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The Company leases industrial, healthcare, restaurant, retail, and commercial office properties under long-term lease agreements. It is focused on investing in real estate that is operated by single tenants in industries. It owns a portfolio of approximately 796 individual commercial properties with 789 properties located in 44 U.S. states and seven properties located in four Canadian provinces. Its portfolio comprises approximately 38.3 million rentable square feet of operational space and is diversified based on property type, geography, tenant, and industry. Its properties are occupied by over 220 different commercial tenants who operate 208 different brands that are diversified across 53 differing industries.
BROADSTONE NET LEASE, INC. 
