Broadstone Net Lease Inc
For the period ended Jun 30, 2024. Filed Jul 31, 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.
Jun 30, 2024 · Filed Jul 31, 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 Statements of Income and Comprehensive Income (Unaudited)
Condensed Consolidated Statements of Income and Comprehensive Income
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | ||||
| Lease revenues, net | $105,907 | $109,353 | $211,274 | $228,345 |
| Operating expenses | ||||
| Depreciation and amortization | 37,404 | 39,031 | 75,176 | 80,815 |
| Property and operating expense | 5,303 | 4,988 | 10,963 | 10,874 |
| General and administrative | 9,904 | 9,483 | 19,336 | 19,899 |
| Provision for impairment of investment in rental properties | 3,852 | — | 30,252 | 1,473 |
| Total operating expenses | 56,463 | 53,502 | 135,727 | 113,061 |
| Other income (expenses) | ||||
| Interest income | 649 | 82 | 882 | 244 |
| Interest expense | (17,757) | (20,277) | (36,334) | (41,416) |
| Gain on sale of real estate | 3,384 | 29,462 | 62,515 | 32,877 |
| Income taxes | (531) | (448) | (939) | (927) |
| Other income (expenses) | 748 | (1,674) | 2,443 | (1,692) |
| Net income | 35,937 | 62,996 | 104,114 | 104,370 |
| Net income attributable to non-controlling interests | (608) | (2,982) | (3,671) | (5,052) |
| Net income attributable to Broadstone Net Lease, Inc. | $35,329 | $60,014 | $100,443 | $99,318 |
| Weighted average number of common shares outstanding | ||||
| Basic | 187,436 | 186,733 | 187,363 | 186,433 |
| Diluted | 196,470 | 196,228 | 196,379 | 196,148 |
| Net earnings per share attributable to common stockholders | ||||
| Basic and diluted | $0.19 | $0.32 | $0.53 | $0.53 |
| Comprehensive income | ||||
| Net income | $35,937 | $62,996 | $104,114 | $104,370 |
| Other comprehensive income | ||||
| Change in fair value of interest rate swaps | (1,456) | 19,652 | 10,348 | 1,753 |
| Realized loss on interest rate swaps | 62 | 522 | 221 | 1,044 |
| Comprehensive income | 34,543 | 83,170 | 114,683 | 107,167 |
| Comprehensive income attributable to non-controlling interests | (546) | (3,937) | (4,146) | (5,138) |
| Comprehensive income attributable to Broadstone Net Lease, Inc. | $33,997 | $79,233 | $110,537 | $102,029 |
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