Broadstone Net Lease Inc
For the period ended Mar 31, 2024. Filed May 2, 2024.
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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, 2024 · Filed May 2, 2024
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Cash Flows
Cash and cash equivalents and restricted cash totaled $222.8 million and $19.3 million at March 31, 2024 and March 31, 2023, respectively. The table below shows information concerning cash flows for the three months ended March 31, 2024 and 2023:
| For the Three Months Ended | ||
|---|---|---|
| March 31, | ||
| (In thousands) | 2024 | 2023 |
| Net cash provided by operating activities | $70,867 | $74,376 |
| Net cash provided by investing activities | 204,285 | 29,633 |
| Net cash used in financing activities | (73,006) | (144,739) |
| Increase (decrease) in cash and cash equivalents and restricted cash | $202,146 | $(40,730) |
The decrease in net cash provided by operating activities was mainly due to the increase in disposition volume during the three months ended March 31, 2024.
The increase in cash provided by investing activities was mainly due to decreased investment volume and increased disposition volume during the three months ended March 31, 2024.
The decrease in net cash used in financing activities mainly reflects a decrease in net repayments on the Revolving Credit Facility.
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