v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Assets    
Total accounted for using the operating method $ 5,502,304 $ 5,288,381
Less accumulated depreciation (849,551) (772,589)
Accounted for using the operating method, net 4,652,753 4,515,792
Accounted for using the direct financing method 24,911 25,497
Accounted for using the sales-type method 14,369 14,405
Property under development 484,117 265,812
Investment in rental property, net 5,176,150 4,821,506
Cash and cash equivalents 12,189 30,540
Accrued rental income 189,975 178,880
Tenant and other receivables, net 3,799 4,404
Prepaid expenses and other assets 66,183 55,910
Interest rate swap, assets 36,026 18,248
Goodwill 339,769 339,769
Intangible lease assets, net 248,222 268,010
Total assets 6,072,313 5,717,267
Liabilities and equity    
Unsecured revolving credit facility 555,438 266,036
Mortgages, net 40,262 56,689
Unsecured term loans, net 1,095,298 994,219
Senior unsecured notes, net 1,191,962 1,190,738
Interest rate swap, liabilities 0 1,501
Accounts payable and other liabilities 74,376 60,081
Dividends payable 60,257 59,513
Accrued interest payable 21,136 13,502
Intangible lease liabilities, net 36,346 41,527
Total liabilities 3,075,075 2,683,806
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, 189,216 and 188,626 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 48 48
Additional paid-in capital 3,507,541 3,502,380
Cumulative distributions in excess of retained earnings (677,162) (620,221)
Accumulated other comprehensive income 38,400 19,788
Total Broadstone Net Lease, Inc. equity 2,868,827 2,901,995
Non-controlling interests 128,411 131,466
Total equity 2,997,238 3,033,461
Total liabilities and equity 6,072,313 5,717,267
Land    
Assets    
Total accounted for using the operating method 827,700 781,117
Land improvements    
Assets    
Total accounted for using the operating method 405,038 373,405
Buildings and improvements    
Assets    
Total accounted for using the operating method 4,257,756 4,118,578
Equipment    
Assets    
Total accounted for using the operating method $ 11,810 $ 15,281