Broadstone Net Lease Declares $0.2925 Quarterly Dividend

Broadstone Net Lease, Inc. (NYSE: BNL), a diversified net lease real estate investment trust, declared a quarterly cash dividend of $0.2925 per common share at its February 13, 2026 board meeting. The dividend will be paid to holders of common shares and operating partnership units. Read more dividend announcements.

The dividend is payable on or before April 15, 2026 to shareholders of record as of March 31, 2026. An ex-dividend date was not specified in the announcement.

2026 Guidance Reaffirmed

The company maintained its 2026 adjusted funds from operations guidance of $1.53 to $1.57 per diluted share, unchanged from prior guidance. Broadstone expects to invest between $500 million and $625 million in real estate properties during 2026, while disposing of properties valued between $75 million and $100 million.

The REIT revised its core general and administrative expense forecast downward to a range of $30 million to $31 million, from the previous estimate of $30.5 million to $31.5 million. Management noted that per-share results remain sensitive to the timing and magnitude of real estate investments, dispositions, and capital markets activities throughout the year.

Recent Investment Activity

Broadstone disclosed recent stabilized acquisitions including a $200.9 million UNFI property in Sarasota, Florida with a 7.2% investment yield and a $58.6 million Sierra Nevada facility in Dayton, Ohio with a 7.5% yield. The company also completed three 7Brew retail locations in North Carolina, South Carolina, and Florida with investment yields around 8.0%.

The REIT's development and redevelopment pipeline totaled $610.6 million as of the reporting date, with $435.8 million already invested and $174.8 million remaining. The weighted average investment yield across the pipeline is 7.4%, with a projected stabilized yield of 8.7%.