v3.19.3.a.u2
Selected Quarterly Results (unaudited)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Data [Abstract]  
Selected Quarterly Results (unaudited)

20. Selected Quarterly Results (unaudited)

Presented below is a summary of the Company’s unaudited quarterly financial information for the years ended December 31, 2019 and 2018:

 

 

 

For the quarters ended

 

(in thousands, except per share)

 

March 31,

2019

 

 

June 30,

2019

 

 

September 30,

2019

 

 

December 31,

2019

 

Lease revenues

 

$

68,430

 

 

$

69,053

 

 

$

76,401

 

 

$

84,931

 

Net income

 

$

15,022

 

 

$

17,342

 

 

$

25,038

 

 

$

27,712

 

Net income attributable to non-controlling interests

 

 

(1,084

)

 

 

(1,208

)

 

 

(1,650

)

 

 

(1,778

)

Net income attributable to Broadstone Net Lease, Inc.

 

$

13,938

 

 

$

16,134

 

 

$

23,388

 

 

$

25,934

 

Net earnings per common share basic and diluted

 

$

0.62

 

 

$

0.70

 

 

$

0.95

 

 

$

1.01

 

Weighted average number of common

   shares outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

22,335

 

 

 

23,204

 

 

 

24,642

 

 

 

25,735

 

Diluted

 

 

24,072

 

 

 

24,941

 

 

 

26,379

 

 

 

27,472

 

 

 

 

For the quarters ended

 

(in thousands, except per share)

 

March 31,

2018

 

 

June 30,

2018

 

 

September 30,

2018

 

 

December 31,

2018

 

Lease revenues

 

$

55,589

 

 

$

57,032

 

 

$

61,764

 

 

$

63,094

 

Net income

 

$

18,995

 

 

$

18,386

 

 

$

23,064

 

 

$

14,660

 

Net income attributable to non-controlling interests

 

 

(1,422

)

 

 

(1,412

)

 

 

(1,797

)

 

 

(1,099

)

Net income attributable to Broadstone Net Lease, Inc.

 

$

17,573

 

 

$

16,974

 

 

$

21,267

 

 

$

13,561

 

Net earnings per common share basic and diluted

 

$

0.92

 

 

$

0.86

 

 

$

1.03

 

 

$

0.63

 

Weighted average number of common

   shares outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

19,167

 

 

 

19,829

 

 

 

20,554

 

 

 

21,416

 

Diluted

 

 

20,719

 

 

 

21,478

 

 

 

22,291

 

 

 

23,154