Broadstone Net Lease Inc
For the period ended Sep 30, 2024. Filed Oct 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.
Sep 30, 2024 · Filed Oct 31, 2024
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Cash Flows
Cash and cash equivalents and restricted cash totaled $11.2 million and $50.5 million at September 30, 2024 and September 30, 2023, respectively. The table below shows information concerning cash flows for the nine months ended September 30, 2024 and 2023:
| For the Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| (In thousands) | 2024 | 2023 |
| Net cash provided by operating activities | $212,342 | $210,492 |
| Net cash (used in) provided by investing activities | (87,041) | 73,874 |
| Net cash used in financing activities | (134,715) | (293,909) |
| Decrease in cash and cash equivalents and restricted cash | $(9,414) | $(9,543) |
The increase in net cash provided by operating activities was mainly due to a decrease in interest expense during the nine months ended September 30, 2024.
The decrease in cash provided by investing activities was mainly due to increased investment volume, partially offset by an increase in disposition volume during the nine months ended September 30, 2024.
The decrease in net cash used in financing activities during the nine months ended September 30, 2024 as compared to the nine months ended September 30, 2023, mainly reflects a decrease in net repayments on the Revolving Credit Facility and increased distributions paid to shareholders.
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