Published on 21 Feb 2024 on GuruFocus.com via Yahoo Finance
Annual AFFO: Reported $1.41 per share, consistent with guidance expectations.Investment Activity: Completed investments totaling $165.6 million for the year.Operating Results: Achieved a high rent collection rate of 99.8% and maintained a 99.4% leased portfolio.Capital Markets Activity: Ended the year with a strong balance sheet and a Net Debt to Annualized Adjusted EBITDAre ratio of 5.0x.Dividends: Declared dividends of $1.12 in 2023, marking a 3.7% increase over the prior year.Healthcare Portfolio Strategy: Executed contracts to sell 37 healthcare properties, aiming to focus on core net lease assets.
Warning! GuruFocus has detected 6 Warning Signs with BNL.
Broadstone Net Lease Inc (BNL) Reports Full Year and Q4 2023 Results Amidst Economic Challenges