Broadstone Net Lease, Inc.
For the period ended Mar 31, 2026. Filed Apr 30, 2026.
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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, 2026 · Filed Apr 30, 2026
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Cash Flows
Cash and cash equivalents and restricted cash totaled $21.7 million and $11.0 million at March 31, 2026 and March 31, 2025, respectively. The table below shows information concerning cash flows for the three months ended March 31, 2026 and 2025:
| For the Three Months Ended | ||
|---|---|---|
| March 31, | ||
| (In thousands) | 2026 | 2025 |
| Net cash provided by operating activities | $76,092 | $71,459 |
| Net cash used in investing activities | (162,411) | (85,335) |
| Net cash provided by financing activities | 74,356 | 8,916 |
| Net decrease in cash and cash equivalents and restricted cash | $(11,963) | $(4,960) |
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 net cash used in investing activities was primarily due to an increase in build-to-suit development and transitional capital investment during the three months ended March 31, 2026 compared to the three months ended March 31, 2025.
The increase in net cash provided by financing activities during the three months ended March 31, 2026 as compared to the three months ended March 31, 2025, mainly reflects an increase in net proceeds from the Revolving Credit Facility.
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