Investor Presentaiton
Q1 2023 AT-A-GLANCE
Our Diversified Portfolio Continues to Generate Consistent Results and Steady Same-Store Growth
PORTFOLIO OVERVIEW
$389 Million
Annualized Base Rent
801
Properties
39.1 Million
Square Footage
KEY OPERATING METRICS
99.4%
Occupancy
100%
Rent Collection
$5.3 billion
Enterprise Value
44 +4
States Canadian
Provinces
$20.0mm
Investments
$51.9mm
Dispositions
221
Tenants
54
Industries
10.8 years
Weighted Average
Remaining Lease Term
94.3%
Tenants providing
Financial Reporting 1,2
%
2.0%
Weighted Average
Rent Escalation
15.6%
% Investment Grade
Credit Rated Tenants¹
($ in thousands, except per share data)
Revenues
Net Income
For Three Months Ended
A
5.1x
Net Debt/ Annualized
Adjusted EBITDAre
SUMMARY FINANCIAL RESULTS
BBB Baa2
S&P
Moody's
Stable Stable
3/31/2023
$118,992
12/31/2022
$112,135
$41,374
$36,773
Earnings Per Share
$0.21
$0.20
Funds From Operations ('FFO')
$81,177
$71,718
FFO Per Share
$0.41
$0.39
19.2%
31.4%
Core Funds From Operations ('Core FFO')
Core FFO Per Share
$74,473
$70,527
$0.38
$0.38
Top 10 Tenant
Concentration1
Top 20 Tenant
Concentration¹
Adjusted Funds From Operations ('AFFO')
AFFO Per Share
Diluted WASO
$67,485
$65,584
$0.34
$0.36
196,176
182,971
Note: Information shown as of March 31, 2023, 1 Percent of ABR 2 Includes 7.9% related to tenants not required to provide financial information under their lease terms, but whose financial statements are available publicly
6
INVESTOR PRESENTATION | MAY 2023
BROADSTONE
NET LEASE, INC.View entire presentation