Broadstone Net Lease, Inc.
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 19, 2026
BNL$17.84+1.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Equity
| CommonStock | AdditionalPaid-in Capital | CumulativeDistributionsin Excessof RetainedEarnings | AccumulatedOtherComprehensiveIncome | Non-controllingInterests | TotalEquity | |
|---|---|---|---|---|---|---|
| Balance, January 1, 2023 | $47 | $3,419,395 | $(386,049) | $59,525 | $169,587 | $3,262,505 |
| Net income | — | — | 155,478 | — | 7,834 | 163,312 |
| Issuance of 312 shares of common stock under equity incentive plan | — | — | — | — | — | — |
| Offering costs, discounts, and commissions | — | (237) | — | — | — | (237) |
| Stock-based compensation, net of 23 shares of restricted stock forfeited | — | 6,359 | — | — | — | 6,359 |
| Retirement of 66 shares of common stock under equity incentive plan | — | (1,175) | — | — | — | (1,175) |
| Conversion of 1,277 OP Units to 1,277 shares of common stock | — | 21,235 | — | — | (21,235) | — |
| Distributions declared ($1.120 per share and OP Unit) | — | — | (210,160) | — | (10,853) | (221,013) |
| Change in fair value of interest rate swap agreements | — | — | — | (16,439) | (854) | (17,293) |
| Realized loss on interest rate swap agreements | — | — | — | 1,793 | 90 | 1,883 |
| Adjustment to non-controlling interests | — | (4,938) | — | 4,407 | 531 | — |
| Balance, December 31, 2023 | 47 | 3,440,639 | (440,731) | 49,286 | 145,100 | 3,194,341 |
| Net income | — | — | 162,441 | — | 6,548 | 168,989 |
| Issuance of 893 shares of common stock under equity incentive plan | — | 116 | — | — | — | 116 |
| Offering costs, discounts, and commissions | — | (782) | — | — | — | (782) |
| Contributions from non-controlling interests | — | — | — | — | 1,000 | 1,000 |
| Stock-based compensation, net of 92 shares of restricted stock forfeited | — | 7,355 | — | — | — | 7,355 |
| Retirement of 71 shares of common stock under equity incentive plan | — | (1,040) | — | — | — | (1,040) |
| Conversion of 282 OP Units to 282 shares of common stock | — | 4,544 | — | — | (4,544) | — |
| Distributions declared ($1.155 per share and OP Unit) | — | — | (218,253) | — | (10,635) | (228,888) |
| Change in fair value of interest rate swap agreements | — | — | — | 129 | (5) | 124 |
| Realized loss on interest rate swap agreements | — | — | — | 200 | 9 | 209 |
| Adjustment to non-controlling interests | — | (248) | — | 42 | 206 | — |
| Balance, December 31, 2024 | 47 | 3,450,584 | (496,543) | 49,657 | 137,679 | 3,141,424 |
| Net income | — | — | 96,495 | — | 2,921 | 99,416 |
| Issuance of 2,542 shares of common stock | 1 | 38,904 | — | — | — | 38,905 |
| Offering costs, discounts, and commissions | — | (960) | — | — | — | (960) |
| Contributions from non-controlling interests | — | — | — | — | 6,754 | 6,754 |
| Stock-based compensation, net of nine shares of restricted stock forfeited | — | 9,597 | — | — | — | 9,597 |
| Retirement of 86 shares of common stock under equity incentive plan | — | (1,446) | — | — | — | (1,446) |
| Conversion of 350 OP Units to 350 shares of common stock | — | 5,514 | — | — | (5,514) | — |
| Distributions declared ($1.160 per share and OP Unit) | — | — | (220,173) | — | (9,962) | (230,135) |
| Change in fair value of interest rate swap agreements | — | — | — | (34,641) | (1,544) | (36,185) |
| Realized loss on interest rate swap agreements | — | — | — | 5,833 | 258 | 6,091 |
| Adjustment to non-controlling interests | — | 187 | — | (1,061) | 874 | — |
| Balance, December 31, 2025 | $48 | $3,502,380 | $(620,221) | $19,788 | $131,466 | $3,033,461 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.