Broadstone Net Lease Inc
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
BNL$17.51-1.2%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Accounted for using the operating method: | ||
| Land | $778,826 | $748,529 |
| Land improvements | 357,142 | 328,746 |
| Buildings and improvements | 3,815,521 | 3,803,156 |
| Equipment | 15,843 | 8,265 |
| Total accounted for using the operating method | 4,967,332 | 4,888,696 |
| Less accumulated depreciation | (672,478) | (626,597) |
| Accounted for using the operating method, net | 4,294,854 | 4,262,099 |
| Accounted for using the direct financing method | 26,154 | 26,643 |
| Accounted for using the sales-type method | 571 | 572 |
| Property under development | 18,784 | 94,964 |
| Investment in rental property, net | 4,340,363 | 4,384,278 |
| Cash and cash equivalents | 14,845 | 19,494 |
| Accrued rental income | 162,717 | 152,724 |
| Tenant and other receivables, net | 3,281 | 1,487 |
| Prepaid expenses and other assets | 41,584 | 36,661 |
| Interest rate swap, assets | 46,220 | 46,096 |
| Goodwill | 339,769 | 339,769 |
| Intangible lease assets, net | 267,638 | 288,226 |
| Total assets | $5,216,417 | $5,268,735 |
| Liabilities and equity | ||
| Unsecured revolving credit facility | $93,014 | $90,434 |
| Mortgages, net | 76,846 | 79,068 |
| Unsecured term loans, net | 897,201 | 895,947 |
| Senior unsecured notes, net | 846,064 | 845,309 |
| Accounts payable and other liabilities | 48,983 | 47,534 |
| Dividends payable | 58,317 | 56,869 |
| Accrued interest payable | 5,837 | 5,702 |
| Intangible lease liabilities, net | 48,731 | 53,531 |
| Total liabilities | 2,074,993 | 2,074,394 |
| Commitments and contingencies (Note 17) | ||
| 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, 188,626 and 187,614 shares issued and outstanding at December 31, 2024 and 2023, respectively | 47 | 47 |
| Additional paid-in capital | 3,450,584 | 3,440,639 |
| Cumulative distributions in excess of retained earnings | (496,543) | (440,731) |
| Accumulated other comprehensive income | 49,657 | 49,286 |
| Total Broadstone Net Lease, Inc. equity | 3,003,745 | 3,049,241 |
| Non-controlling interests | 137,679 | 145,100 |
| Total equity | 3,141,424 | 3,194,341 |
| Total liabilities and equity | $5,216,417 | $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.