Broadstone Net Lease Announces First Quarter 2024 Results
The gross proceeds represented a $2.1 million gain over original purchase price and a $55.5 million net gain over carrying value.
- The gross proceeds represented a $2.1 million gain over original purchase price and a $55.5 million net gain over carrying value.
- As of March 31, 2024, we had total outstanding debt of $1.9 billion, Net Debt of $1.7 billion, a Net Debt to Annualized Adjusted EBITDAre ratio of 4.8x, and a Pro Forma Net Debt to Annualized Adjusted EBITDAre ratio of 4.6x.
- We did not raise any equity during the quarter, and had approximately $145.4 million of capacity remaining on our ATM Program as of March 31, 2024.
- The company will host its fourth quarter earnings conference call and audio webcast on Thursday, May 2, 2024, at 11:00 a.m. Eastern Time.