MarsBars Investing doesn't have to be a popularity contest, and in reality, buying quality names that are temporarily beaten down in price can produce terrific results, especially if they pay a high dividend yield. Such may be the case these days with REITs and income stocks in general, which continue to trade near their 52-week lows despite the broader market indices flying near all-time highs. This brings me to Broadstone Net Lease (NYSE:BNL), which I last covered in May of last year, noting the attractiv ...

kieferpix I can’t say I enjoy talking about my past failures, like how I’ve lost money. But I figure that: It’s the mark of a healthy adult It could keep you from similar failures. If it were completely up to me, of course, I wouldn’t be writing this article at all. Because, if it were completely up to me, I wouldn’t make any mistakes at all. Reality being reality though, I’ve made my fair share of bad calls. Some of them have been innocent, with me making the best possible decision based on the infor ...

RonFullHD We recently bought some Broadstone Net Lease, Inc. (NYSE:BNL). This was a trade by selling Universal Health Realty Income Trust (UHT), another real estate play where we felt the risk-reward had become unattractive. We were looking for defensive plays that would withstand the pricing out of rate cuts from the 2024 roster. At the time, we considered the option of going into Realty Income (O). We last downgraded he monthly dividend company to a hold following a blockbuster rally. It had also pull ...

While making income investments, finding avenues that offer stable inflow even against market fluctuations is similar to discovering hidden treasures. For the perfect blend of reliability and growth, dividend stocks stand tall as fundamental pillars of financial security.Here, the seven dividend stocks listed across diverse sectors present solid prospects for the long term. From the robust real estate ventures of the first one and the second one to the pharmaceutical prowess of the fourth one, these stocks ...

RichHobson/E+ via Getty Images Introduction Count me as one of the people who also think interest rates will be cut sometime soon. When to be exact? No one knows, but I do think we'll get one sometime this year. There's also a chance we can get another increase before cuts as seen by the latest CPI report. So, which one is it? A raise or decrease? Either way rates will eventually decline and when they do, I think investors should be invested in REITs to benefit from their share price appreciation potent ...

财务数据和关键指标变化 - 公司在2023年第四季度和全年实现了稳健的财务业绩,第四季度AFFO为7100万美元,同比增长1.6%,全年AFFO为2.78亿美元,同比增长1.1%,符合公司指引 [8][14] - 公司2023年全年投资额为1.66亿美元,加权平均初始收益率为7.2% [11] - 公司2023年全年出售资产2亿美元,加权平均现金收益率为6% [11] - 公司2023年第四季度资本开支中包括1620万美元的收益性资本支出 [11] - 公司2023年第四季度末净债务/EBITDA为5倍,略高于上一季度的4.9倍 [14] - 公司2024年AFFO指引为1.41美元/股,与2023年持平 [15] 各条业务线数据和关键指标变化 - 公司工业和防御性零售餐饮资产组合表现出色,2023年第四季度租金回收率为99.2%,12月31日时的出租率为99.4% [10] - 公司正在出售Green Valley医疗中心资产,该资产自2023年10月起无法支付租金,公司已对其计提约2600万美元的减值 [10] - 公司之前租赁给Shutterfly的资产重新租赁情况有所改善,预计将在2024年第四季度找到新租户 [13] - 公司关注对家具行业等受消费者支出影响较大的行业保持谨慎,最近有一家家具行业租户申请破产重组 [13] 各个市场数据和关键指标变化 - 公司2023年第四季度投资额为6410万美元,加权平均初始收益率为7.5% [11] - 公司2024年投资额指引为3.5亿-7亿美元,出售额指引为3亿-5亿美元 [15] - 公司正在积极寻找与开发商合作的独特投资机会,以应对商业地产融资环境的限制 [12][38] 公司战略和发展方向及行业竞争 - 公司决定出售75处临床、手术和传统医疗办公楼资产,以简化资产组合,专注于工业、零售和餐饮资产 [4][5][6][7] - 出售这些资产后,公司医疗资产占比将从17.6%降至7.5% [7] - 公司认为这些医疗资产不适合公司作为上市净租赁REIT的业务模式,存在较短租期、较高业主责任等特点 [6] - 公司将专注于工业、零售和餐饮资产的增长,并积极寻找与开发商合作的独特投资机会 [9][12][38] - 公司认为这一战略调整将有利于公司长期价值创造和估值提升 [6][7] 管理层对经营环境和未来前景的评论 - 2023年宏观环境波动剧烈,利率大幅波动,交易活动明显放缓,公司保持了谨慎和纪律性 [8] - 尽管2024年初交易环境有所改善,但公司仍将保持高度选择性和谨慎性 [8][12] - 公司对2024年的投资和出售计划保持谨慎乐观,预计将在2024年实现大部分医疗资产出售和资金再部署 [9][15] - 公司认为2025年及以后将是收获这些努力的时期,届时公司将实现AFFO增长和估值提升 [33][55] 问答环节重要的提问和回答 问题1 **Spenser Allaway提问** 对于正在出售的医疗资产,公司了解买家的情况如何?这些资产未来是否会被改变用途? [18][19][20] **John Moragne回答** 买家包括专注于医疗地产的公众和私人投资者,这些资产未来将继续用作医疗用途,不会被改变用途。公司不希望以低价出售这些资产,而是寻求中高7%左右的收益率。 [18][19] 问题2 **Anthony Paolone提问** 公司出售医疗资产的NOI是多少?出售剩余资产的预期收益率如何? [26][29][30][31] **John Moragne回答** 医疗资产的NOI约为4300万美元。公司预计出售剩余资产的收益率将在中高7%左右,不会以高收益率急于出售。公司将根据市场情况适当延长出售时间,以获得最佳价格。 [26][29][30][31] 问题3 **Mitch Germain提问** 除了医疗资产,公司是否还计划进行其他资产出售?出售医疗资产后,公司的收益率水平如何? [44][46][47][48] **John Moragne回答** 除医疗资产外,公司仅会进行少量的风险缓释性出售。出售医疗资产后,公司的再投资收益率预计将保持在7%左右,公司不会为了短期收益而以低价出售资产。公司可能会将部分医疗资产推迟至2025年出售,以获得更佳的价格。 [44][46][47][48]

Broadstone Net Lease, Inc. (BNL) came out with quarterly funds from operations (FFO) of $0.36 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.36 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post FFO of $0.35 per share when it actually produced FFO of $0.36, delivering a surprise of 2.86%.Over the last four quarters, the company has surpassed consensus FFO estimates just once.Broadstone Net Lea ...

VICTOR, N.Y.--(BUSINESS WIRE)--Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL”, the “Company”, “we”, “our”, or “us”), today announced its operating results for the year and quarter ended December 31, 2023, and its healthcare portfolio simplification strategy. MANAGEMENT COMMENTARY “ I am incredibly proud of our 2023 results, which we were able to deliver despite significant economic headwinds and capital market volatility through the year. We thoughtfully navigated a challenging environment by intentionally ...

If a tenant, or the guarantor of a lease of a tenant, commences, or has commenced against it, any legal or equitable proceeding under any bankruptcy, insolvency, receivership, or other debtor's relief statute or law (collectively, a "bankruptcy proceeding"), we may be unable to collect all sums due to us under that tenant's lease or be forced to "take back" a property as a result of a default or a rejection of a lease by a tenant in a bankruptcy proceeding. In addition, an actual or anticipated tenant bankr ...

Exhibit 99.2 NET LEASE, INC. Q4 2023 QUARTERLY SUPPLEMENTAL INFORMATION www.broadstone.com | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------|-------| | Section | Page | | About the Data | 3 | | Company Overview | 4 | | Quarterly Financial Summary | 5 | | Balance Sheet | 6 | | Income Statement Summary | 7 | | Funds From Operations (FFO), Core Funds From Operations (Core FFO), and Adjusted Funds From Operati ...