Broadstone raises 2026 AFFO guidance to $1.55-$1.57 after Colorado JV adds $303 million to build-to-suit pipeline

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Broadstone Net Lease raised its full-year 2026 adjusted funds from operations per share guidance to a range of $1.55 to $1.57, up from the prior $1.53 to $1.57. The increase follows a post-quarter joint venture to develop an advanced technology facility in Colorado for a Fortune 20 investment-grade company, which added an estimated $303 million to the committed build-to-suit pipeline. Including Colorado, total committed and in-process build-to-suit investments now stand at approximately $645 million, with a weighted average estimated initial cash yield of about 7.9% and a straight-line yield of roughly 9.9%. The company also raised its full-year real estate investment guidance to between $600 million and $800 million, up from $500 million to $625 million, and increased its disposition target to $100 million to $150 million from $75 million to $100 million, while lowering its bad debt assumption to 50 basis points from 75 basis points. Second-quarter adjusted funds from operations reached $78.2 million, or $0.39 per share, supported by same-store rent growth and build-to-suit stabilizations, and the company ended the quarter nearly fully occupied with 99.9% of base rents collected.

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