| Summary of the Company's Unaudited Quarterly Financial Information |
Presented below is a summary of the Company’s unaudited quarterly financial information for the years ended December 31, 2017 and 2016:
|
|
|
For the Quarter Ended |
|
|
(in thousands, except per share) |
|
March 31,
2017 |
|
|
June 30,
2017 |
|
|
September 30,
2017 |
|
|
December 31,
2017 |
|
|
Total revenues |
|
$ |
42,185 |
|
|
$ |
43,671 |
|
|
$ |
46,235 |
|
|
$ |
49,472 |
|
|
Total operating expenses |
|
|
(21,544 |
) |
|
|
(22,026 |
) |
|
|
(26,827 |
) |
|
|
(26,284 |
) |
|
Operating income |
|
$ |
20,641 |
|
|
$ |
21,645 |
|
|
$ |
19,408 |
|
|
$ |
23,188 |
|
|
Net income |
|
$ |
13,747 |
|
|
$ |
15,992 |
|
|
$ |
12,990 |
|
|
$ |
16,826 |
|
|
Net income attributable to non-controlling interests |
|
|
(1,153 |
) |
|
|
(1,265 |
) |
|
|
(1,042 |
) |
|
|
(1,296 |
) |
|
Net income attributable to Broadstone
Net Lease, Inc. |
|
$ |
12,594 |
|
|
$ |
14,727 |
|
|
$ |
11,948 |
|
|
$ |
15,530 |
|
|
Net earnings per common share basic
and diluted |
|
$ |
0.81 |
|
|
$ |
0.89 |
|
|
$ |
0.68 |
|
|
$ |
0.84 |
|
|
Weighted average number of common
shares outstanding |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
15,582 |
|
|
|
16,623 |
|
|
|
17,617 |
|
|
|
18,515 |
|
|
Diluted |
|
|
17,009 |
|
|
|
18,051 |
|
|
|
19,147 |
|
|
|
20,096 |
|
|
|
|
For the Quarter Ended |
|
|
(in thousands, except per share) |
|
March 31,
2016 |
|
|
June 30,
2016 |
|
|
September 30,
2016 |
|
|
December 31,
2016 |
|
|
Total revenues |
|
$ |
31,587 |
|
|
$ |
34,823 |
|
|
$ |
37,010 |
|
|
$ |
39,449 |
|
|
Total operating expenses |
|
|
(16,115 |
) |
|
|
(21,056 |
) |
|
|
(20,133 |
) |
|
|
(21,927 |
) |
|
Operating income |
|
$ |
15,472 |
|
|
$ |
13,767 |
|
|
$ |
16,877 |
|
|
$ |
17,522 |
|
|
Net income |
|
$ |
5,701 |
|
|
$ |
5,356 |
|
|
$ |
15,417 |
|
|
$ |
13,794 |
|
|
Net income attributable to non-controlling interests |
|
|
(603 |
) |
|
|
(538 |
) |
|
|
(1,459 |
) |
|
|
(1,314 |
) |
|
Net income attributable to Broadstone
Net Lease, Inc. |
|
$ |
5,098 |
|
|
$ |
4,818 |
|
|
$ |
13,958 |
|
|
$ |
12,480 |
|
|
Net earnings per common share basic
and diluted |
|
$ |
0.43 |
|
|
$ |
0.38 |
|
|
$ |
1.02 |
|
|
$ |
0.86 |
|
|
Weighted average number of common
shares outstanding |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
11,802 |
|
|
|
12,766 |
|
|
|
13,647 |
|
|
|
14,497 |
|
|
Diluted |
|
|
13,196 |
|
|
|
14,193 |
|
|
|
15,074 |
|
|
|
15,924 |
|
|