Broadstone Net Lease, Inc. (BNL)

Broadstone Net Lease Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	424.67	442.89	407.51	382.88	321.64	298.82
Total Revenue	424.67	442.89	407.51	382.88	321.64	298.82
Revenue Growth (YoY	-5.63%	8.68%	6.43%	19.04%	7.64%	25.83%
Property Expenses	23.97	22.58	21.77	18.46	21.21	46.11
Selling, General & Administrative	38.65	39.43	37.38	36.37	27.99	5.46
Depreciation & Amortization	152.47	157.73	146.31	128.3	118.19	108.82
Total Operating Expenses	215.09	219.73	205.46	183.12	167.39	160.38
Operating Income	209.58	223.16	202.06	199.76	154.25	138.43
Interest Expense	-73.48	-80.05	-78.65	-64.15	-76.14	-72.53
Interest & Investment Income	1.09	0.51	0.04	0.02	0.02	0.01
Currency Exchange Gain (Loss)	0.1	-1.7	5.6	0.1	-	-
Other Non-Operating Income	-0.05	0.02	0.09	-0.16	-0.01	-0.01
EBT Excluding Unusual Items	137.25	141.94	129.14	135.56	78.13	65.9
Gain (Loss) on Sale of Assets	71.23	54.31	15.95	13.52	14.99	29.91
Asset Writedown	-61.11	-32.17	-14.04	-32.01	-33.58	-3.45
Other Unusual Items	1.2	-0	-0.31	-5.91	-2.32	-4.83
Pretax Income	148.56	164.08	130.75	111.17	57.22	87.53
Income Tax Expense	0.38	0.76	1.28	1.64	0.94	2.42
Earnings From Continuing Operations	148.18	163.31	129.48	109.53	56.28	85.11
Minority Interest in Earnings	-5.65	-7.83	-7.36	-7.1	-5.1	-5.72
Net Income	142.53	155.48	122.12	102.43	51.18	79.39
Preferred Dividends & Other Adjustments	1.02	0.56	0.42	0.39	0.13	-
Net Income to Common	141.51	154.92	121.7	102.03	51.05	79.39
Net Income Growth	-22.43%	27.32%	19.22%	100.13%	-35.54%	14.44%
Basic Shares Outstanding	187	187	170	153	117	96
Diluted Shares Outstanding	197	196	180	164	129	103
Shares Change (YoY)	1.89%	8.94%	9.90%	27.31%	25.21%	17.37%
EPS (Basic)	0.76	0.83	0.72	0.67	0.44	0.83
EPS (Diluted)	0.75	0.83	0.72	0.67	0.44	0.83
EPS Growth	-24.56%	15.76%	7.60%	52.74%	-47.34%	-3.43%
Dividend Per Share	1.150	1.120	1.080	1.025	0.385	1.317
Dividend Growth	3.60%	3.70%	5.37%	166.23%	-70.78%	2.43%
Operating Margin	49.35%	50.39%	49.58%	52.17%	47.96%	46.33%
Profit Margin	33.32%	34.98%	29.86%	26.65%	15.87%	26.57%
Free Cash Flow Margin	64.27%	61.21%	62.80%	63.97%	55.66%	49.31%
EBITDA	357.62	375.04	343.56	324.84	271.32	243.84
EBITDA Margin	84.21%	84.68%	84.31%	84.84%	84.36%	81.60%
D&A For Ebitda	148.03	151.88	141.5	125.09	117.07	105.41
EBIT	209.58	223.16	202.06	199.76	154.25	138.43
EBIT Margin	49.35%	50.39%	49.58%	52.17%	47.96%	46.33%
Funds From Operations (FFO)	290.12	298.62	273.73	256.21	-	167.47
FFO Per Share	1.47	1.52	1.52	-	-	-
Adjusted Funds From Operations (AFFO)	-	277.73	252.17	215.96	-	149.2
AFFO Per Share	-	1.41	1.40	-	-	-
FFO Payout Ratio	73.91%	69.49%	66.21%	60.29%	-	37.00%
Effective Tax Rate	0.26%	0.47%	0.98%	1.48%	1.64%	2.76%

Source: S&P Capital IQ. Real Estate template. Financial Sources.