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Condensed Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Lease revenues, net $ 98,013 $ 84,759 $ 191,854 $ 167,457
Operating expenses        
Depreciation and amortization 35,511 31,225 69,801 61,938
Property and operating expense 4,696 4,572 9,740 9,177
General and administrative 9,288 8,655 18,116 19,288
Provision for impairment of investment in rental properties 1,380 1,380 2,012
Total operating expenses 50,875 44,452 99,037 92,415
Other income (expenses)        
Interest income 6 11
Interest expense (17,888) (15,430) (34,784) (31,538)
Cost of debt extinguishment (126)
Gain on sale of real estate 4,071 3,838 5,267 8,571
Income taxes (401) (301) (813) (714)
Change in fair value of earnout liability (5,604) (4,480)
Other income 2,632 4 1,506 14
Net income 35,552 22,820 63,993 46,780
Net income attributable to non-controlling interests (2,036) (1,606) (3,719) (3,343)
Net income attributable to Broadstone Net Lease, Inc. $ 33,516 $ 21,214 $ 60,274 $ 43,437
Weighted average number of common shares outstanding        
Weighted average number of common shares outstanding-Basic 169,555 146,119 166,698 145,728
Weighted average number of common shares outstanding-Diluted 180,256 157,430 177,346 157,115
Net earnings per share attributable to common stockholders        
Earnings Per Share, Basic $ 0.20 $ 0.14 $ 0.36 $ 0.30
Earnings Per Share, Diluted $ 0.20 $ 0.14 $ 0.36 $ 0.30
Comprehensive income        
Net income $ 35,552 $ 22,820 $ 63,993 $ 46,780
Other comprehensive income        
Change in fair value of interest rate swaps 18,772 (2,911) 53,733 25,769
Realized loss (gain) on interest rate swaps 695 (42) 1,354 (83)
Comprehensive income 55,019 19,867 119,080 72,466
Comprehensive income attributable to non-controlling interests (3,151) (1,399) (6,941) (5,212)
Comprehensive income attributable to Broadstone Net Lease, Inc. $ 51,868 $ 18,468 $ 112,139 $ 67,254