| 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, 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 |
|
|