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
BNL$17.85+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (Unaudited)
| March 31,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Accounted for using the operating method: | ||
| Land | $724,199 | $748,529 |
| Land improvements | 316,170 | 328,746 |
| Buildings and improvements | 3,591,260 | 3,803,156 |
| Equipment | 8,247 | 8,265 |
| Total accounted for using the operating method | 4,639,876 | 4,888,696 |
| Less accumulated depreciation | (606,225) | (626,597) |
| Accounted for using the operating method, net | 4,033,651 | 4,262,099 |
| Accounted for using the direct financing method | 26,522 | 26,643 |
| Accounted for using the sales-type method | 571 | 572 |
| Property under development | 133,064 | 94,964 |
| Investment in rental property, net | 4,193,808 | 4,384,278 |
| Cash and cash equivalents | 221,740 | 19,494 |
| Accrued rental income | 149,203 | 152,724 |
| Tenant and other receivables, net | 836 | 1,487 |
| Prepaid expenses and other assets | 33,149 | 36,661 |
| Interest rate swap, assets | 57,900 | 46,096 |
| Goodwill | 339,769 | 339,769 |
| Intangible lease assets, net | 273,250 | 288,226 |
| Total assets | $5,269,655 | $5,268,735 |
| Liabilities and equity | ||
| Unsecured revolving credit facility | $73,820 | $90,434 |
| Mortgages, net | 78,517 | 79,068 |
| Unsecured term loans, net | 896,260 | 895,947 |
| Senior unsecured notes, net | 845,498 | 845,309 |
| Accounts payable and other liabilities | 40,655 | 47,534 |
| Dividends payable | 56,871 | 56,869 |
| Accrued interest payable | 9,377 | 5,702 |
| Intangible lease liabilities, net | 50,953 | 53,531 |
| Total liabilities | 2,051,951 | 2,074,394 |
| Commitments and contingencies (Note 16) | ||
| Equity | ||
| Broadstone Net Lease, Inc. equity: | ||
| Preferred stock, $0.001 par value; 20,000 shares authorized, no shares issued or outstanding | — | — |
| Common stock, $0.00025 par value; 500,000 shares authorized, 188,435 and 187,614 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 47 | 47 |
| Additional paid-in capital | 3,446,910 | 3,440,639 |
| Cumulative distributions in excess of retained earnings | (430,169) | (440,731) |
| Accumulated other comprehensive income | 56,834 | 49,286 |
| Total Broadstone Net Lease, Inc. equity | 3,073,622 | 3,049,241 |
| Non-controlling interests | 144,082 | 145,100 |
| Total equity | 3,217,704 | 3,194,341 |
| Total liabilities and equity | $5,269,655 | $5,268,735 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.