Broadstone Net Lease, Inc.
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
View on SEC.govAbout this filing
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, 2026 · Filed Oct 28, 2026
BNL$17.85+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Equity (Unaudited)
Condensed Consolidated Statements of Equity
| CommonStock | AdditionalPaid-inCapital | CumulativeDistributionsin Excess ofRetained Earnings | AccumulatedOtherComprehensiveIncome | Non-controllingInterests | TotalEquity | |
|---|---|---|---|---|---|---|
| Balance at January 1, 2026 | $48 | $3,502,380 | $(620,221) | $19,788 | $131,466 | $3,033,461 |
| Net income | — | — | 46,365 | — | 27 | 46,392 |
| Issuance of 619 shares of common stock under equity incentive plan | — | 1,053 | — | — | — | 1,053 |
| Contributions from non-controlling interests | — | — | — | — | 43 | 43 |
| Stock-based compensation | — | 2,566 | — | — | — | 2,566 |
| Retirement of 271 shares of common stock under equity incentive plan | — | (5,183) | — | — | — | (5,183) |
| Distributions declared ($0.2925 per share and OP Unit) | — | — | (57,095) | — | (2,510) | (59,605) |
| Change in fair value of interest rate swap agreements | — | — | — | 2,483 | 108 | 2,591 |
| Realized loss on interest rate swap agreements | — | — | — | 30 | 1 | 31 |
| Adjustment of non-controlling interests | — | 1,649 | — | (1,403) | (246) | — |
| Balance at March 31, 2026 | 48 | 3,502,465 | (630,951) | 20,898 | 128,889 | 3,021,349 |
| Net income | — | — | 39,799 | — | 456 | 40,255 |
| Issuance of 42 shares of common stock under equity incentive plan | — | — | — | — | — | — |
| Offering costs, discounts and commissions | — | (251) | — | — | — | (251) |
| Stock-based compensation, net of five shares of restricted stock forfeited | — | 2,859 | — | — | — | 2,859 |
| Distributions declared ($0.2925 per share and OP Unit) | — | — | (57,589) | — | (2,472) | (60,061) |
| Change in fair value of interest rate swap agreements | — | — | — | 3,771 | 163 | 3,934 |
| Realized loss on interest rate swap agreements | — | — | — | 21 | 1 | 22 |
| Adjustment of non-controlling interests | — | (497) | — | 430 | 67 | — |
| Balance at June 30, 2026 | 48 | 3,504,576 | (648,741) | 25,120 | 127,104 | 3,008,107 |
| Net income | — | — | 27,117 | — | 1,022 | 28,139 |
| Issuance of one share of common stock under equity incentive plan | — | — | — | — | — | — |
| Contributions from non-controlling interests | — | — | — | — | 4,013 | 4,013 |
| Offering costs, discounts and commissions | — | (700) | — | — | — | (700) |
| Stock-based compensation | — | 2,892 | — | — | — | 2,892 |
| Conversion of 142 OP Units to 142 shares of common stock | — | 2,175 | — | — | (2,175) | — |
| Distributions declared ($0.2925 per share and OP Unit) | — | — | (55,538) | — | (2,451) | (57,989) |
| Change in fair value of interest rate swap agreements | — | — | — | 12,232 | 522 | 12,754 |
| Realized loss on interest rate swap agreements | — | — | — | 21 | 1 | 22 |
| Adjustment of non-controlling interests | — | (1,402) | — | 1,027 | 375 | — |
| Balance at September 30, 2026 | $48 | $3,507,541 | $(677,162) | $38,400 | $128,411 | $2,997,238 |
Condensed Consolidated Statements of Equity - Continued
| CommonStock | AdditionalPaid-inCapital | CumulativeDistributionsin Excess ofRetained Earnings | AccumulatedOtherComprehensiveIncome | Non-controllingInterests | TotalEquity | |
|---|---|---|---|---|---|---|
| Balance at January 1, 2025 | $47 | $3,450,584 | $(496,543) | $49,657 | $137,679 | $3,141,424 |
| Net income | — | — | 16,743 | — | 750 | 17,493 |
| Issuance of 292 shares of common stock under equity incentive plan | — | 104 | — | — | — | 104 |
| Offering costs, discounts, and commissions | — | (136) | — | — | — | (136) |
| Stock-based compensation, net of three shares of restricted stock forfeited | — | 2,147 | — | — | — | 2,147 |
| Retirement of 86 shares of common stock under equity incentive plan | — | (1,446) | — | — | — | (1,446) |
| Conversion of 244 OP Units to 244 shares of common stock | — | 3,882 | — | — | (3,882) | — |
| Distributions declared ($0.290 per share and OP Unit) | — | — | (56,274) | — | (2,600) | (58,874) |
| Change in fair value of interest rate swap agreements | — | — | — | (19,039) | (853) | (19,892) |
| Realized gain on interest rate swap agreements | — | — | — | (6) | — | (6) |
| Adjustment of non-controlling interests | — | 906 | — | (892) | (14) | — |
| Balance at March 31, 2025 | 47 | 3,456,041 | (536,074) | 29,720 | 131,080 | 3,080,814 |
| Net income | — | — | 20,160 | — | (330) | 19,830 |
| Issuance of 61 shares of common stock under equity incentive plan | — | — | — | — | — | — |
| Contributions from non-controlling interests | — | — | — | — | 1,173 | 1,173 |
| Offering costs, discounts, and commissions | — | (132) | — | — | — | (132) |
| Stock-based compensation, net of four shares of restricted stock forfeited | — | 2,471 | — | — | — | 2,471 |
| Distributions declared ($0.290 per share and OP Unit) | — | — | (55,388) | — | (2,478) | (57,866) |
| Change in fair value of interest rate swap agreements | — | — | — | (10,018) | (445) | (10,463) |
| Realized gain on interest rate swap agreements | — | — | — | (6) | — | (6) |
| Adjustment of non-controlling interests | — | 1,559 | — | (1,687) | 128 | — |
| Balance at June 30, 2025 | 47 | 3,459,939 | (571,302) | 18,009 | 129,128 | 3,035,821 |
| Net income | — | — | 26,466 | — | 599 | 27,065 |
| Issuance of one share of common stock under equity incentive plan | — | — | — | — | — | — |
| Contributions from non-controlling interests | — | — | — | — | 1,581 | 1,581 |
| Offering costs, discounts, and commissions | — | (175) | — | — | — | (175) |
| Stock-based compensation, net of one share of restricted stock forfeited | — | 2,488 | — | — | — | 2,488 |
| Conversion of 86 OP Units to 86 shares of common stock | — | 1,329 | — | — | (1,329) | — |
| Distributions declared ($0.290 per share and OP Unit) | — | — | (52,735) | — | (2,660) | (55,395) |
| Change in fair value of interest rate swap agreements | — | — | — | (4,770) | (211) | (4,981) |
| Realized loss on interest rate swap agreements | — | — | — | 5,845 | 258 | 6,103 |
| Adjustment of non-controlling interests | — | (571) | — | 88 | 485 | 2 |
| Balance at September 30, 2025 | $47 | $3,463,010 | $(597,571) | $19,172 | $127,851 | $3,012,509 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.