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
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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited)
Condensed Consolidated Statements of Income and Comprehensive Income
| For the Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | ||
| Lease revenues, net | $105,366 | $118,992 |
| Operating expenses | ||
| Depreciation and amortization | 37,772 | 41,784 |
| Property and operating expense | 5,660 | 5,886 |
| General and administrative | 9,432 | 10,416 |
| Provision for impairment of investment in rental properties | 26,400 | 1,473 |
| Total operating expenses | 79,264 | 59,559 |
| Other income (expenses) | ||
| Interest income | 233 | 162 |
| Interest expense | (18,578) | (21,139) |
| Gain on sale of real estate | 59,132 | 3,415 |
| Income taxes | (408) | (479) |
| Other income (expenses) | 1,696 | (18) |
| Net income | 68,177 | 41,374 |
| Net income attributable to non-controlling interests | (3,063) | (2,070) |
| Net income attributable to Broadstone Net Lease, Inc. | $65,114 | $39,304 |
| Weighted average number of common shares outstanding | ||
| Basic | 187,290 | 186,130 |
| Diluted | 196,417 | 196,176 |
| Net earnings per share attributable to common stockholders | ||
| Basic and Diluted | $0.35 | $0.21 |
| Comprehensive income | ||
| Net income | $68,177 | $41,374 |
| Other comprehensive income | ||
| Change in fair value of interest rate swaps | 11,804 | (17,899) |
| Realized loss on interest rate swaps | 159 | 522 |
| Comprehensive income | 80,140 | 23,997 |
| Comprehensive income attributable to non-controlling interests | (3,600) | (1,200) |
| Comprehensive income attributable to Broadstone Net Lease, Inc. | $76,540 | $22,797 |
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