Broadstone Net Lease, Inc.
For the period ended Sep 30, 2025. Filed Oct 29, 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.
Sep 30, 2025 · Filed Oct 29, 2025
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Cash Flows
Cash and cash equivalents and restricted cash totaled $83.3 million and $11.2 million at September 30, 2025 and September 30, 2024, respectively. The table below shows information concerning cash flows for the nine months ended September 30, 2025 and 2024:
| For the Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| (In thousands) | 2025 | 2024 |
| Net cash provided by operating activities | $214,929 | $212,342 |
| Net cash used in investing activities | (390,647) | (87,041) |
| Net cash provided by (used in) financing activities | 243,045 | (134,715) |
| Net increase (decrease) in cash and cash equivalents and restricted cash | $67,327 | $(9,414) |
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 increase in cash used in investing activities was primarily due to a decrease in disposition volume and proceeds and an increase in build-to-suit development investment, partially offset by a decrease in acquisition investment activity during the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024.
The increase in net cash provided by financing activities during the nine months ended September 30, 2025 as compared to the nine months ended September 30, 2024, mainly reflects an increase in net proceeds from unsecured term loans and senior unsecured notes.
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