Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2025

Commitments and Contingencies Disclosure [Abstract]

Schedule of Total Lease Costs Associated with Operating and Finance Leases

The following table summarizes the total lease costs associated with operating and finance leases:


(in thousands)	Financial Statement Presentation	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
		2025		2024		2025		2024
Operating lease costs:
Office leases	General and administrative	$	215	$	254	$	755	$	758
Ground leases	Property and operating expense	40		33		106		108
Ground leases - development properties	Property under development	55		—		166		—
Variable lease costs - ground leases	Property and operating expense	17		16		54		44
Financing lease costs:
Amortization of right-of-use assets	Depreciation and amortization	14		—		36		—
Interest expense on lease liabilities	Interest expense	68		—		180		—
Total lease cost		$	409	$	303	$	1,297	$	910

Schedule of Payments Associated with Obligations Under Operating and Finance Leases

The following table summarizes payments associated with obligations under operating and finance leases reported as Net cash provided by operating activities on the accompanying Condensed Consolidated Statements of Cash Flows:


	For the Nine Months Ended September 30,
(in thousands)		2025		2024
Operating lease payments		$	1,054	$	733
Financing lease payments		145		—
Total		$	1,199	$	733

Schedule of Minimum Future Rental Payments due from the Company for Operating Leases

At September 30, 2025, minimum future rental payments due from the Company for operating and finance leases over the next five years and thereafter are as follows:


(in thousands)	Operating Leases		Financing Leases
Remainder of 2025	$	326	$	54
2026	1,306		218
2027	1,251		218
2028	1,134		218
2029	1,174		238
Thereafter	15,834		18,306
Total undiscounted lease payments	21,025		19,252
Present value adjustment for remaining lease payments	(11,290)		(16,537)
Total lease liability	$	9,735	$	2,715

Schedule of Minimum Future Rental Payments due from the Company for Finance Leases

At September 30, 2025, minimum future rental payments due from the Company for operating and finance leases over the next five years and thereafter are as follows:


(in thousands)	Operating Leases		Financing Leases
Remainder of 2025	$	326	$	54
2026	1,306		218
2027	1,251		218
2028	1,134		218
2029	1,174		238
Thereafter	15,834		18,306
Total undiscounted lease payments	21,025		19,252
Present value adjustment for remaining lease payments	(11,290)		(16,537)
Total lease liability	$	9,735	$	2,715

Broadstone Net Lease, Inc. 10-Q