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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Lease revenues, net $ 105,366 $ 118,992 Close
Operating expenses    
Depreciation and amortization 37,772 41,784
Property and operating expense 5,660 5,886
General and administrative 9,432 10,416
Provision for impairment of investment in rental properties 26,400 1,473
Total operating expenses 79,264 59,559 Close
Other income (expenses)    
Interest income 233 162
Interest expense (18,578) (21,139)
Gain on sale of real estate 59,132 3,415 Close
Income taxes (408) (479)
Other income (expenses) 1,696 (18) CloseClose
Net income 68,177 41,374 CloseClose
Net income attributable to non-controlling interests (3,063) (2,070)
Net income attributable to Broadstone Net Lease, Inc. $ 65,114 $ 39,304
Weighted average number of common shares outstanding    
Basic 187,290,000 186,130,000
Diluted 196,417,000 196,176,000
Net earnings per share attributable to common stockholders    
Basic earnings per share $ 0.35 $ 0.21
Diluted earnings per share $ 0.35 $ 0.21
Comprehensive income    
Net income (loss) $ 68,177 $ 41,374
Other comprehensive income    
Change in fair value of interest rate swaps 11,804 (17,899)
Realized loss on interest rate swaps 159 522
Comprehensive income 80,140 23,997
Comprehensive income attributable to non-controlling interests (3,600) (1,200)
Comprehensive income attributable to Broadstone Net Lease, Inc. $ 76,540 $ 22,797