Broadstone Net Lease, Inc.
For the period ended Mar 31, 2025. Filed May 1, 2025.
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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, 2025 · Filed May 1, 2025
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Cash Flows
Cash and cash equivalents and restricted cash totaled $11.0 million and $222.8 million at March 31, 2025 and March 31, 2024, respectively. The table below shows information concerning cash flows for the three months ended March 31, 2025 and 2024:
| For the Three Months Ended | ||
|---|---|---|
| March 31, | ||
| (In thousands) | 2025 | 2024 |
| Net cash provided by operating activities | $71,459 | $70,867 |
| Net cash (used in) provided by investing activities | (85,335) | 204,285 |
| Net cash provided by (used in) financing activities | 8,916 | (73,006) |
| (Decrease) increase in cash and cash equivalents and restricted cash | $(4,960) | $202,146 |
The increase in net cash provided by operating activities was primarily due to increased contractual rents related to rent escalations and growth in our real estate portfolio.
The decrease in cash provided by investing activities was primarily due to a decrease in disposition volume and an increase in investment activity during the three months ended March 31, 2025 compared to the three months ended March 31, 2024.
The increase in net cash provided by financing activities during the three months ended March 31, 2025 as compared to the three months ended March 31, 2024, mainly reflects an increase in net borrowings on the Revolving Credit Facility.
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