John Marrano
President and Chief Executive Officer
Replay available
Broadstone Net Lease, Inc. (BNL) Q2 2025 Earnings Call
Broadstone Net Lease, Inc. (NYSE: BNL) Q2 2025 earnings conference call, held 2025-07-31. Replay captured from the company's public earnings webcast.
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:03.495 All three will be available for the Q&A portion of this call. 00:00:03.495 -- 00:00:07.940 As a reminder, the following discussion and answers to your questions contain forward-looking 00:00:07.940 -- 00:00:12.846 statements, which are subject to risks and uncertainties that can cause actual results 00:00:12.846 -- 00:00:16.010 to differ materially due to a variety of factors. 00:00:16.010 -- 00:00:20.275 We caution you not to place under-reliance on these forward-looking statements and refer 00:00:20.275 -- 00:00:26.423 you to our SEC filings, including our Form 10-K for the year ended December 31, 2024, 00:00:26.423 -- 00:00:31.471 in our form 10Q for the quarter ended March 31st, 2025, for a 00:00:31.471 -- 00:00:35.477 more detailed discussion of the risk factors that may cause such differences. 00:00:35.477 -- 00:00:40.205 And note that such risk factors may be updated in our quarterly SEC filings. 00:00:40.205 -- 00:00:44.411 Any forward-looking statements provided during this conference call are only made as 00:00:44.411 -- 00:00:48.795 the date of this call. With that, I'll turn the call over to John. 00:00:48.958 -- 00:00:51.582 Thank you, Brent. Good afternoon, everyone. 00:00:51.582 -- 00:00:55.667 As we announced in our earnings release last night, We have raised our full year 2025 00:00:55.667 -- 00:01:00.774 AFFO guidance to $1.48 to $1.50 per share, or 4.2% 00:01:00.774 -- 00:01:06.181 growth at our midpoint, with a 38 cents of AFFO per share for our second quarter, representing 00:01:06.181 -- 00:01:10.065 5.6% growth compared to 2024. We 00:01:10.065 -- 00:01:14.070 are incredibly proud of another outstanding quarter, underscoring the strength of this 00:01:14.070 -- 00:01:17.114 portfolio and our differentiated gr...