Broadstone Net Lease, Inc. (NYSE:BNL) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET
Company Participants
Mike Caruso - Senior Vice President, Corporate Strategy & Investor Relations
John Moragne - Chief Executive Officer
Ryan Albano - President & Chief Operating Officer
Kevin Fennell - Chief Financial Officer
Conference Call Participants
Mitch Germain - JMP Securities
Eric Borden - BMO Capital Markets
Spenser Allaway - Green Street
Ki Bin Kim - Truist
Michael Gorman - BTIG
Ki Bin Kim - Truist
Operator
Hello, and welcome to Broadstone Net Lease's Third Quarter 2023 Earnings Conference Call. My name is Cole and I'll be the moderator for today's call. Please note that today's call is being recorded.
I will now turn the call over to Mike Caruso,. Senior Vice President of Corporate Strategy and Investor Relations at Broadstone. Please go ahead.
Mike Caruso
Thank you, operator. And thank you everyone for joining us today for Broadstone Net Lease's third quarter 2023 earnings call. On today’s call, you will hear prepared remarks from CEO, John Moragne; President and COO, Ryan Albano; and CFO, Kevin Fennell. All three will be available for the Q&A portion of this call.
Before we begin, I would like to remind everyone that the following presentation contains forward-looking statements, which are subject to risks and uncertainties that could cause actual results to differ materially due to a variety of factors.
We caution you not to place undue reliance on these forward-looking statements and refer you to our SEC filings including our Form 10-K for the year ended December 31, 2022, for a more detailed discussion of the risk factors that may cause such differences. Any forward-looking statements provided during this conference call are only made as of the date of this call.
I will now turn the call over to John.
John Moragne
Thank you, Mike. And good morning, everyone. From what continues to be a challenging and dynamic net lease and capital markets environment, I am pleased to report another strong quarter of results. As you have heard us say consistently throughout 2023, we believe our prudent and highly selective approach to capital allocation is the best path forward in our mission to maximize long-term shareholder value; and our third quarter results and slightly revised guidance for 2023 reflect that. While we are maintaining our AFFO guidance range of $1.40 to $1.42 per share for the year, we are slightly adjusting our investments, dispositions and G&A guidance. More to come from Kevin on this.