| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 46,392 | 35,028 | 27,065 | 37,323 |
| Depreciation and amortization including intangibles associated with investment in rental property | 40,511 | 40,751 | 39,048 | 79,817 |
| Provision for impairment of investment in rental properties | 0 | 4,667 | 6,999 | 28,068 |
| Amortization of debt issuance costs and original issuance discounts charged to interest expense | 1,627 | 1,565 | 1,358 | 2,565 |
| Stock-based compensation expense | 2,566 | 2,491 | 2,488 | 4,618 |
| Settlement of interest rate swaps | NaN | 0 | 6,712 | NaN |
| Straight-line rent, direct financing and sales-type lease adjustments | -5,630 | -4,037 | -4,205 | -9,260 |
| Gain on sale of real estate | 7,122 | 8,371 | 3,259 | 971 |
| Other non-cash items | 2,488 | -1,089 | -4,655 | -3,247 |
| Tenant and other receivables | -771 | 831 | -32 | 323 |
| Prepaid expenses and other assets | 4,667 | -5,035 | 1,640 | 939 |
| Accounts payable and other liabilities | -4,125 | 3,167 | -2,585 | 3,888 |
| Accrued interest payable | 8,257 | 4,013 | 946 | 2,706 |
| Net cash provided by operating activities | 76,092 | 84,567 | 64,190 | 150,739 |
| Acquisition of rental property | 59,014 | 178,410 | 140,750 | 115,034 |
| Investment in property under development including capitalized interest of 3,016 and 322 in 2026 and 2025, respectively | 112,927 | 138,214 | 62,762 | 102,755 |
| Capital expenditures and improvements | 1,364 | 6,584 | 6,166 | 16,956 |
| Proceeds from disposition of rental property, net | 11,216 | 34,993 | 38,236 | 20,321 |
| Change in deposits on investments in rental property | 322 | -3,589 | 2,612 | 2,169 |
| Net cash used in investing activities | -162,411 | -284,626 | -174,054 | -216,593 |
| Proceeds from issuance of common stock, net of 870, 996, and 180 of offering costs, discounts, and commissions in 2025, 2024 and 2023, respectively | NaN | 38,145 | -37 | -178 |
| Offering costs, discounts, and commissions | 0 | NaN | NaN | NaN |
| Contributions from non-controlling interests | 43 | 2,651 | 1,056 | 674 |
| Proceeds from unsecured term loans | 0 | 0 | 344,841 | 500,000 |
| Principal payments on mortgages and unsecured term loans | 501 | 488 | 18,527 | 401,180 |
| Borrowings on unsecured revolving credit facility | 212,500 | 289,000 | 181,000 | 333,300 |
| Repayments on unsecured revolving credit facility | 79,500 | 120,000 | 281,800 | 232,000 |
| Cash distributions paid to stockholders | 55,692 | 54,923 | 52,497 | 111,355 |
| Cash distributions paid to non-controlling interests | 2,489 | 2,232 | 2,683 | 5,149 |
| Debt issuance costs paid | 5 | 1,772 | 145 | 12,275 |
| Net cash provided by financing activities | 74,356 | 150,381 | 171,208 | 71,837 |
| Net decrease in cash and cash equivalents and restricted cash | -11,963 | -49,678 | 61,344 | 5,983 |
| Cash and cash equivalents and restricted cash at beginning of period | 33,642 | 83,320 | 15,993 | NaN |
| Cash and cash equivalents and restricted cash at end of period | 21,679 | 33,642 | 83,320 | NaN |
Broadstone Net Lease, Inc. (BNL)
Broadstone Net Lease, Inc. (BNL)