Broadstone Net Lease Inc
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
View on SEC.govAbout this filing
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
BNL$17.85+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Equity (Unaudited)
Condensed Consolidated Statem ents of Equity
| CommonStock | AdditionalPaid-inCapital | CumulativeDistributionsin Excess ofRetained Earnings | AccumulatedOtherComprehensiveIncome | Non-controllingInterests | TotalEquity | |
|---|---|---|---|---|---|---|
| Balance, January 1, 2024 | $47 | $3,440,639 | $(440,731) | $49,286 | $145,100 | $3,194,341 |
| Net income | — | — | 65,114 | — | 3,063 | 68,177 |
| Issuance of 822 shares of common stock under equity incentive plan | — | 116 | — | — | — | 116 |
| Offering costs, discounts, and commissions | — | (36) | — | — | — | (36) |
| Stock-based compensation, net of 25 shares of restricted stock forfeited | — | 1,475 | — | — | — | 1,475 |
| Retirement of 71 shares of common stock under equity incentive plan | — | (1,040) | — | — | — | (1,040) |
| Conversion of 95 OP units to 95 shares of common stock | — | 1,536 | — | — | (1,536) | — |
| Distributions declared ($0.285 per share and OP Unit) | — | — | (54,552) | — | (2,740) | (57,292) |
| Change in fair value of interest rate swap agreements | — | — | — | 11,274 | 530 | 11,804 |
| Realized loss on interest rate swap agreements | — | — | — | 152 | 7 | 159 |
| Adjustment to non-controlling interests | — | 4,220 | — | (3,878) | (342) | — |
| Balance, March 31, 2024 | $47 | $3,446,910 | $(430,169) | $56,834 | $144,082 | $3,217,704 |
| Net income | — | — | 35,329 | — | 608 | 35,937 |
| Issuance of 55 shares of common stock under equity incentive plan | — | — | — | — | — | — |
| Offering costs, discounts, and commissions | — | (200) | — | — | — | (200) |
| Contributions from non-controlling interests | — | — | — | — | 1,000 | 1,000 |
| Stock-based compensation, net of five shares of restricted stock forfeited | — | 2,073 | — | — | — | 2,073 |
| Conversion of 32 OP units to 32 shares of common stock | — | 532 | — | — | (532) | — |
| Distributions declared ($0.290 per share and OP Unit) | — | — | (55,053) | — | (2,657) | (57,710) |
| Change in fair value of interest rate swap agreements | — | — | — | (1,391) | (65) | (1,456) |
| Realized loss on interest rate swap agreements | — | — | — | 59 | 3 | 62 |
| Adjustment to non-controlling interests | — | (5,050) | — | 4,881 | 169 | — |
| Balance, June 30, 2024 | $47 | $3,444,265 | $(449,893) | $60,383 | $142,608 | $3,197,410 |
| Net income | — | — | 35,608 | — | 1,660 | 37,268 |
| Issuance of one share of common stock under equity incentive plan | — | — | — | — | — | — |
| Offering costs, discounts, and commissions | — | (107) | — | — | — | (107) |
| Stock-based compensation, net of 57 shares of restricted stock forfeited | — | 1,829 | — | — | — | 1,829 |
| Conversion of 46 OP units to 46 shares of common stock | — | 744 | — | — | (744) | — |
| Distributions declared ($0.290 per share and OP Unit) | — | — | (53,637) | — | (2,717) | (56,354) |
| Change in fair value of interest rate swap agreements | — | — | — | (39,826) | (1,856) | (41,682) |
| Realized gain on interest rate swap agreements | — | — | — | (5) | — | (5) |
| Adjustment to non-controlling interests | — | 3,385 | — | (3,719) | 334 | — |
| Balance, September 30, 2024 | $47 | $3,450,116 | $(467,922) | $16,833 | $139,285 | $3,138,359 |
Condensed Consolidated Statements of Equity - Continued
| CommonStock | AdditionalPaid-inCapital | CumulativeDistributionsin Excess ofRetained Earnings | AccumulatedOtherComprehensive Income | Non-controllingInterests | TotalEquity | |
|---|---|---|---|---|---|---|
| Balance, January 1, 2023 | $47 | $3,419,395 | $(386,049) | $59,525 | $169,587 | $3,262,505 |
| Net income | — | — | 39,304 | — | 2,070 | 41,374 |
| Issuance of 259 shares of common stock under equity incentive plan | — | — | — | — | — | — |
| Offering costs, discounts, and commissions | — | (2) | — | — | — | (2) |
| Stock-based compensation, net of zero shares of restricted stock forfeited | — | 1,879 | — | — | — | 1,879 |
| Retirement of 66 shares of common stock under equity incentive plan | — | (1,175) | — | — | — | (1,175) |
| Conversion of 896 OP units to 896 shares of common stock | — | 14,897 | — | — | (14,897) | — |
| Distributions declared ($0.275 per share and OP Unit) | — | — | (52,145) | — | (2,742) | (54,887) |
| Change in fair value of interest rate swap agreements | — | — | — | (17,003) | (896) | (17,899) |
| Realized loss on interest rate swap agreements | — | — | — | 496 | 26 | 522 |
| Adjustment to non-controlling interests | — | (460) | — | 498 | (38) | — |
| Balance, March 31, 2023 | $47 | $3,434,534 | $(398,890) | $43,516 | $153,110 | $3,232,317 |
| Net income | — | — | 60,014 | — | 2,982 | 62,996 |
| Issuance of 51 shares of common stock under equity incentive plan | — | — | — | — | — | — |
| Offering costs, discounts, and commissions | — | (10) | — | — | — | (10) |
| Stock-based compensation, net of six shares of restricted stock forfeited | — | 1,539 | — | — | — | 1,539 |
| Conversion of 25 OP units to 25 shares of common stock | — | 398 | — | — | (398) | — |
| Distributions declared ($0.280 per share and OP Unit) | — | — | (52,755) | — | (2,664) | (55,419) |
| Change in fair value of interest rate swap agreements | — | — | — | 18,722 | 930 | 19,652 |
| Realized loss on interest rate swap agreements | — | — | — | 496 | 26 | 522 |
| Adjustment to non-controlling interests | — | (5,769) | — | 5,694 | 75 | — |
| Balance, June 30, 2023 | $47 | $3,430,692 | $(391,631) | $68,428 | $154,061 | $3,261,597 |
| Net income | — | — | 49,682 | — | 2,463 | 52,145 |
| Stock-based compensation, net of two shares of restricted stock forfeited | — | 1,540 | — | — | — | 1,540 |
| Conversion of one OP unit to one share of common stock | — | 21 | — | — | (21) | — |
| Distributions declared ($0.280 per share and OP Unit) | — | — | (51,622) | — | (2,652) | (54,274) |
| Change in fair value of interest rate swap agreements | — | — | — | 13,284 | 659 | 13,943 |
| Realized loss on interest rate swap agreements | — | — | — | 497 | 25 | 522 |
| Adjustment to non-controlling interests | — | (1,528) | — | 1,366 | 162 | — |
| Balance, September 30, 2023 | $47 | $3,430,725 | $(393,571) | $83,575 | $154,697 | $3,275,473 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.