For the year ending 2025-12-31, BNL had $17,649K increase in cash & cash equivalents over the period. $269,790K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 99,416 |
| Depreciation and amortization including intangibles associated with investment in rental property | 159,616 |
| Provision for impairment of investment in rental properties | 39,734 |
| Amortization of debt issuance costs and original issuance discounts charged to interest expense | 5,488 |
| Stock-based compensation expense | 9,597 |
| Settlement of interest rate swaps | 6,712 |
| Straight-line rent, direct financing and sales-type lease adjustments | -17,502 |
| Gain on sale of real estate | 12,601 |
| Other non-cash items | -8,991 |
| Tenant and other receivables | 1,122 |
| Prepaid expenses and other assets | -2,456 |
| Accounts payable and other liabilities | 4,470 |
| Accrued interest payable | 7,665 |
| Net cash provided by operating activities | 299,496 |
| Acquisition of rental property | 434,194 |
| Investment in property under development including capitalized interest of 5,271, 3,871, and 1,469 in 2025, 2024 and 2023, respectively | 303,731 |
| Capital expenditures and improvements | 29,706 |
| Proceeds from disposition of rental property, net | 93,550 |
| Change in deposits on investments in rental property | 1,192 |
| Net cash (used in) provided by investing activities | -675,273 |
| Proceeds from issuance of common stock, net of 870, 996, and 180 of offering costs, discounts, and commissions in 2025, 2024 and 2023, respectively | 37,930 |
| Contributions from non-controlling interests | 4,381 |
| Borrowings on senior unsecured notes and unsecured term loans | 844,841 |
| Principal payments on mortgages and unsecured term loans | 420,195 |
| Borrowings on unsecured revolving credit facility | 803,300 |
| Repayments on unsecured revolving credit facility | 633,800 |
| Cash distributions paid to stockholders | 218,775 |
| Cash distributions paid to non-controlling interests | 10,064 |
| Debt issuance costs paid | 14,192 |
| Net cash provided by (used in) financing activities | 393,426 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 17,649 |
| Cash and cash equivalents and restricted cash at beginning of period | 15,993 |
| Cash and cash equivalents and restricted cash at end of period | 33,642 |
Broadstone Net Lease, Inc. (BNL)
Broadstone Net Lease, Inc. (BNL)