v3.25.2
Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Lease revenues, net $ 112,986 $ 105,907 $ 221,677 $ 211,274
Operating expenses        
Depreciation and amortization 42,575 37,404 82,072 75,176
Property and operating expense 5,003 5,303 10,491 10,963
General and administrative 9,571 9,904 19,242 19,336
Provision for impairment of investment in rental properties 11,939 3,852 28,068 30,252
Total operating expenses 69,088 56,463 139,873 135,727
Other income (expenses)        
Interest income 122 649 221 882
Interest expense (21,112) (17,757) (41,186) (36,334)
Gain on sale of real estate 566 3,384 971 62,515
Income taxes (199) (531) (555) (939)
Other (expenses) income (3,445) 748 (3,932) 2,443
Net income 19,830 35,937 37,323 104,114
Net loss (income) attributable to non-controlling interests 330 (608) (420) (3,671)
Net income attributable to Broadstone Net Lease, Inc. $ 20,160 $ 35,329 $ 36,903 $ 100,443
Weighted average number of common shares outstanding        
Basic (in shares) 188,041 187,436 187,953 187,363
Diluted (in shares) 197,138 196,470 196,975 196,379
Net earnings per share attributable to common stockholders        
Basic (in dollars per share) $ 0.11 $ 0.19 $ 0.19 $ 0.53
Diluted (in dollars per share) $ 0.10 $ 0.19 $ 0.19 $ 0.53
Comprehensive income        
Net income $ 19,830 $ 35,937 $ 37,323 $ 104,114
Other comprehensive income (loss)        
Change in fair value of interest rate swaps (10,463) (1,456) (30,355) 10,348
Realized (gain) loss on interest rate swaps (6) 62 (12) 221
Comprehensive income 9,361 34,543 6,956 114,683
Comprehensive loss (income) attributable to non-controlling interests 775 (546) 878 (4,146)
Comprehensive income attributable to Broadstone Net Lease, Inc. $ 10,136 $ 33,997 $ 7,834 $ 110,537