v3.20.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Accounted for using the operating method, net of accumulated depreciation $ 3,346,792 $ 3,415,400
Accounted for using the direct financing method 30,953 41,890
Investment in rental property, net 3,377,745 3,457,290
Cash and cash equivalents 9,241 12,455
Accrued rental income 90,545 84,534
Tenant and other receivables, net 5,045 934
Prepaid expenses and other assets 9,819 12,613
Interest rate swap, assets 0 2,911
Goodwill 339,769 0
Intangible lease assets, net 298,741 331,894
Debt issuance costs – unsecured revolving credit facility, net 1,782 2,380
Leasing fees, net 11,368 12,847
Total assets 4,144,055 3,917,858
Liabilities, mezzanine equity and equity    
Unsecured revolving credit facility 248,300 197,300
Mortgages and notes payable, net 109,512 111,793
Unsecured term notes, net 1,673,092 1,672,081
Interest rate swap, liabilities 85,678 24,471
Earnout liability 37,975 0
Accounts payable and other liabilities 25,550 37,377
Accrued interest payable 4,144 3,594
Intangible lease liabilities, net 83,157 92,222
Total liabilities 2,267,408 2,138,838
Commitments and contingencies (See Note 16)
Mezzanine equity    
Common stock, 781 shares issued and outstanding at June 30, 2020 66,376 0
Non-controlling interests 112,159 0
Total mezzanine equity 178,535 0
Broadstone Net Lease, Inc. stockholders' equity:    
Preferred stock, $0.001 par value; 20,000 shares authorized, no shares issued or outstanding 0 0
Common stock, $0.001 par value; 80,000 shares authorized, 26,077 and 26,001 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 26 26
Additional paid-in capital 1,899,751 1,895,935
Cumulative distributions in excess of retained earnings (229,531) (208,261)
Accumulated other comprehensive loss (78,613) (20,086)
Total Broadstone Net Lease, Inc. stockholders’ equity 1,591,633 1,667,614
Non-controlling interests 106,479 111,406
Total equity 1,698,112 1,779,020
Total liabilities, mezzanine equity and equity $ 4,144,055 $ 3,917,858