v3.21.2

Internalization (Tables)

9 Months Ended

Sep. 30, 2021

Internalization [Abstract]

Summary of Earnout Tranches, Applicable VWAP of REIT Share and Applicable Earnout Periods

As of September 30, 2021, the Company achieved all four VWAP milestones, thereby triggering the payout of all earnout tranches. Below is a summary of the shares of common stock and OP Units issued, and cash paid for each earnout tranche:

(in thousands, except per share amounts)
		Shares of												40-Day
		Common Stock				OP Units								VWAP of a
Tranche		Issued				Issued				Cash Paid				REIT Share				Achievement Date
1			145				248			$	1,926		(a)	$	22.50			June 16, 2021
2			218				371				2,888		(a)		23.75			July 14, 2021
3			363				620				4,117				24.375			September 21, 2021
4			363				620				4,117				25.00			September 21, 2021

(a)Cash payments include amounts earned for dividends.

Schedule of Pro Forma Financial Information

The condensed pro forma financial information is as follows:

		For the Three Months Ended				For the Nine Months Ended
(in thousands)		September 30, 2020				September 30, 2020
Revenues		$	80,744			$	239,346
Net income			11,640				42,982

X

- Definition

Internalization.

+ References

No definition available.

+ Details

Name:	bnl_InternalizationAbstract
Namespace Prefix:	bnl_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

+ Details

Name:	us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionContingentConsiderationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration