v3.19.3.a.u2
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Lease revenues $ 298,815 $ 237,479 $ 181,563
Operating expenses      
Depreciation and amortization 108,818 83,994 62,263
Property and operating expense 15,990 11,157 6,505
General and administrative 5,456 6,162 4,939
Provision for impairment of investment in rental properties 3,452 2,061 2,608
Total operating expenses 163,835 128,076 96,057
Other income (expenses)      
Preferred distribution income   440 737
Interest income 9 179 467
Interest expense (72,534) (52,855) (34,751)
Cost of debt extinguishment (1,176) (101) (5,151)
Gain on sale of real estate 29,914 10,496 12,992
Income taxes (2,415) (857) (624)
Gain on sale of investment in related party   8,500  
Internalization expenses (3,658)    
Other (losses) gains (6) (100) 379
Net income 85,114 75,105 59,555
Net income attributable to non-controlling interests (5,720) (5,730) (4,756)
Net income attributable to Broadstone Net Lease, Inc. $ 79,394 $ 69,375 $ 54,799
Weighted average number of common shares outstanding      
Basic 23,979 20,242 17,084
Diluted 25,716 21,910 18,567
Net earnings per common share      
Basic and diluted $ 3.31 $ 3.43 $ 3.21
Comprehensive income      
Net income $ 85,114 $ 75,105 $ 59,555
Other comprehensive income      
Change in fair value of interest rate swaps (37,372) 10,584 4,166
Realized gain on interest rate swaps (205) (84) (873)
Comprehensive income 47,537 85,605 62,848
Comprehensive income attributable to non-controlling interests (3,036) (6,546) (5,019)
Comprehensive income attributable to Broadstone Net Lease, Inc. 44,501 79,059 57,829
Asset Management Fees      
Operating expenses      
Operating expenses 21,863 18,173 14,754
Property Management Fees      
Operating expenses      
Operating expenses $ 8,256 $ 6,529 $ 4,988