Broadstone Net Lease, Inc.
For the period ended Mar 31, 2025. Filed May 1, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 1, 2025
BNL$17.69-0.9%Stored close · as of Nov 11, 2026
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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited)
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Condensed Consolidated Statements of Income and Comprehensive (Loss) Income
| For the Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenues | ||
| Lease revenues, net | $108,690 | $105,366 |
| Operating expenses | ||
| Depreciation and amortization | 39,497 | 37,772 |
| Property and operating expense | 5,488 | 5,660 |
| General and administrative | 9,672 | 9,432 |
| Provision for impairment of investment in rental properties | 16,128 | 26,400 |
| Total operating expenses | 70,785 | 79,264 |
| Other income (expenses) | ||
| Interest income | 99 | 233 |
| Interest expense | (20,074) | (18,578) |
| Gain on sale of real estate | 405 | 59,132 |
| Income taxes | (355) | (408) |
| Other (expenses) income | (487) | 1,696 |
| Net income | 17,493 | 68,177 |
| Net income attributable to non-controlling interests | (750) | (3,063) |
| Net income attributable to Broadstone Net Lease, Inc. | $16,743 | $65,114 |
| Weighted average number of common shares outstanding | ||
| Basic | 187,865 | 187,290 |
| Diluted | 196,898 | 196,417 |
| Net earnings per share attributable to common stockholders | ||
| Basic and diluted | $0.09 | $0.35 |
| Comprehensive (loss) income | ||
| Net income | $17,493 | $68,177 |
| Other comprehensive (loss) income | ||
| Change in fair value of interest rate swaps | (19,892) | 11,804 |
| Realized (gain) loss on interest rate swaps | (6) | 159 |
| Comprehensive (loss) income | (2,405) | 80,140 |
| Comprehensive loss (income) attributable to non-controlling interests | 103 | (3,600) |
| Comprehensive (loss) income attributable to Broadstone Net Lease, Inc. | $(2,302) | $76,540 |
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