| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 64,388 | 37,323 |
| Depreciation and amortization including intangibles associated with investment in rental property | 118,865 | 79,817 |
| Provision for impairment of investment in rental properties | 35,067 | 28,068 |
| Amortization of debt issuance costs and original issuance discount charged to interest expense | 3,923 | 2,565 |
| Stock-based compensation expense | 7,106 | 4,618 |
| Settlement of interest rate swaps | 6,712 | - |
| Straight-line rent, direct financing and sales-type lease adjustments | -13,465 | -9,260 |
| Gain on sale of real estate | 4,230 | 971 |
| Other non-cash items | -7,902 | -3,247 |
| Tenant and other receivables | 291 | 323 |
| Prepaid expenses and other assets | 2,579 | 939 |
| Accounts payable and other liabilities | 1,303 | 3,888 |
| Accrued interest payable | 3,652 | 2,706 |
| Net cash provided by operating activities | 214,929 | 150,739 |
| Acquisition of rental property | 255,784 | 115,034 |
| Investment in property under development including capitalized interest of 2,948 and 3,812 in 2025 and 2024, respectively | 165,517 | 102,755 |
| Capital expenditures and improvements | 23,122 | 16,956 |
| Proceeds from disposition of rental property, net | 58,557 | 20,321 |
| Change in deposits on investments in rental property | 4,781 | 2,169 |
| Net cash used in investing activities | -390,647 | -216,593 |
| Offering costs, discounts, and commissions | -215 | -178 |
| Contributions from non-controlling interests | 1,730 | 674 |
| Proceeds from unsecured term loans and senior unsecured notes | 844,841 | 500,000 |
| Principal payments on mortgages and unsecured term loans | 419,707 | 401,180 |
| Borrowings on unsecured revolving credit facility | 514,300 | 333,300 |
| Repayments on unsecured revolving credit facility | 513,800 | 232,000 |
| Cash distributions paid to stockholders | 163,852 | 111,355 |
| Cash distributions paid to non-controlling interests | 7,832 | 5,149 |
| Debt issuance costs paid | 12,420 | 12,275 |
| Net cash provided by (used in) financing activities | 243,045 | 71,837 |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 67,327 | 5,983 |
| Cash and cash equivalents at beginning of period | 15,993 | - |
| Cash and cash equivalents at end of period | 83,320 | - |
Broadstone Net Lease, Inc. (BNL)
Broadstone Net Lease, Inc. (BNL)