v3.24.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Total accounted for using the operating method $ 4,991,769 $ 4,888,696
Less accumulated depreciation (644,214) (626,597)
Accounted for using the operating method, net 4,347,555 4,262,099
Accounted for using the direct financing method 26,285 26,643
Accounted for using the sales-type method 572 572
Property under development 0 94,964
Investment in rental property, net 4,374,412 4,384,278
Investment in rental property and intangible lease assets held for sale, net 38,779 0
Cash and cash equivalents 8,999 19,494
Accrued rental income 158,350 152,724
Tenant and other receivables, net 2,124 1,487
Prepaid expenses and other assets 36,230 36,661
Interest rate swap, assets 27,812 46,096
Goodwill 339,769 339,769
Intangible lease assets, net 276,811 288,226
Total assets 5,263,286 5,268,735
Liabilities and equity    
Unsecured revolving credit facility 125,482 90,434
Mortgages, net 77,416 79,068
Unsecured term loans, net 896,887 895,947
Senior unsecured notes, net 845,875 845,309
Interest rate swap, liabilities 13,050 0
Accounts payable and other liabilities 47,651 47,534
Dividends payable 58,163 56,869
Accrued interest payable 9,642 5,702
Intangible lease liabilities, net 50,761 53,531
Total liabilities 2,124,927 2,074,394
Commitments and contingencies (Note 16)
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, $0.00025 par value; 500,000 shares authorized, 188,507 and 187,614 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 47 47
Additional paid-in capital 3,450,116 3,440,639
Cumulative distributions in excess of retained earnings (467,922) (440,731)
Accumulated other comprehensive income 16,833 49,286
Total Broadstone Net Lease, Inc. equity 2,999,074 3,049,241
Non-controlling interests 139,285 145,100
Total equity 3,138,359 3,194,341
Total liabilities and equity 5,263,286 5,268,735
Land    
Assets    
Total accounted for using the operating method 784,545 748,529
Land Improvements    
Assets    
Total accounted for using the operating method 357,090 328,746
Buildings and Improvements    
Assets    
Total accounted for using the operating method 3,834,310 3,803,156
Equipment    
Assets    
Total accounted for using the operating method $ 15,824 $ 8,265