v3.8.0.1
Condensed Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Rental income from operating leases $ 170,493 $ 133,943 $ 89,875
Earned income from direct financing leases 4,141 4,544 4,075
Operating expenses reimbursed from tenants 6,721 4,173 3,538
Other income from real estate transactions 208 209 598
Total revenues 181,563 142,869 98,086
Operating expenses      
Depreciation and amortization 62,263 46,321 29,387
Asset management fees 14,754 10,955 7,042
Property management fees 4,988 3,939 2,697
Acquisition expenses 0 10,880 9,947
Property and operating expense 6,505 3,900 3,384
General and administrative 4,939 2,790 3,116
State and franchise tax 624 446 130
Provision for impairment of investment in rental properties 2,608 0 0
Total operating expenses 96,681 79,231 55,703
Operating income 84,882 63,638 42,383
Other income (expenses)      
Preferred distribution income 737 713 350
Interest income 467 88 0
Interest expense (34,751) (29,963) (22,605)
(Cost) gain of debt extinguishment (5,151) (133) 1,213
Gain (loss) on sale of real estate 12,992 5,925 (713)
Other gains 379 0 262
Net income 59,555 40,268 20,890
Net income attributable to non-controlling interests (4,756) (3,914) (1,603)
Net income attributable to Broadstone Net Lease, Inc. $ 54,799 $ 36,354 $ 19,287
Weighted average number of common shares outstanding      
Basic 17,084 13,178 8,989
Diluted 18,567 14,597 9,736
Net Earnings per common share      
Basic and diluted $ 3.21 $ 2.76 $ 2.15
Comprehensive income      
Net income $ 59,555 $ 40,268 $ 20,890
Other comprehensive income      
Change in fair value of interest rate swaps 4,166 13,771 (3,362)
Realized loss on interest rate swaps (873) 0 0
Comprehensive income 62,848 54,039 17,528
Comprehensive income attributable to non-controlling interests (5,019) (5,253) (1,345)
Comprehensive income attributable to Broadstone Net Lease, Inc. $ 57,829 $ 48,786 $ 16,183