v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Total accounted for using the operating method $ 5,032,377 $ 4,967,332
Less accumulated depreciation (721,195) (672,478)
Accounted for using the operating method, net 4,311,182 4,294,854
Accounted for using the direct financing method 25,845 26,154
Accounted for using the sales-type method 569 571
Property under development 116,635 18,784
Investment in rental property, net 4,454,231 4,340,363
Cash and cash equivalents 20,784 14,845
Accrued rental income 172,310 162,717
Tenant and other receivables, net 3,605 3,281
Prepaid expenses and other assets 55,815 41,584
Interest rate swap, assets 23,490 46,220
Goodwill 339,769 339,769
Intangible lease assets, net 256,675 267,638
Total assets 5,326,679 5,216,417
Liabilities and equity    
Unsecured revolving credit facility 197,880 93,014
Mortgages, net 75,685 76,846
Unsecured term loans, net 994,028 897,201
Senior unsecured notes, net 846,441 846,064
Interest rate swap, liabilities 7,625 0
Accounts payable and other liabilities 57,409 48,983
Dividends payable 58,451 58,317
Accrued interest payable 8,542 5,837
Intangible lease liabilities, net 44,797 48,731
Total liabilities 2,290,858 2,074,993
Commitments and contingencies (Note 16)
Broadstone Net Lease, Inc. equity:    
Preferred stock, $0.001 par value; 20,000 shares authorized, no shares issued or outstanding 0 0
Common stock, $0.00025 par value; 500,000 shares authorized, 0 and 188,626 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 47 47
Additional paid-in capital 3,459,939 3,450,584
Cumulative distributions in excess of retained earnings (571,302) (496,543)
Accumulated other comprehensive income 18,009 49,657
Total Broadstone Net Lease, Inc. equity 2,906,693 3,003,745
Non-controlling interests 129,128 137,679
Total equity 3,035,821 3,141,424
Total liabilities and equity 5,326,679 5,216,417
Land    
Assets    
Total accounted for using the operating method 784,092 778,826
Land improvements    
Assets    
Total accounted for using the operating method 360,774 357,142
Buildings and improvements    
Assets    
Total accounted for using the operating method 3,871,441 3,815,521
Equipment    
Assets    
Total accounted for using the operating method $ 16,070 $ 15,843