Broadstone Net Lease (BNL) Cost of Revenue (2017 - 2024)
Broadstone Net Lease (BNL) posted quarterly Cost of Revenue of $3.2 million for Q1 2024, up 121.79% year-over-year from $1.5 million in Q2 2023, and up 137.53% quarter-over-quarter from $1.4 million in Q3 2023.
Broadstone Net Lease (BNL) Cost of Revenue (2017 - 2024) Analysis & Trends
Broadstone Net Lease (BNL) has reported Cost of Revenue for 8 consecutive years, with $3.2 million the latest figure, recorded in Q1 2024.
- In Q1 2024, Cost of Revenue rose 121.79% year-over-year to $3.2 million; the TTM figure through Mar 2024 stood at $7.6 million (up 499.45% YoY), while the FY2020 annual figure was $2.5 million, down 88.74% from the prior year.
- Cost of Revenue improved to $3.2 million in Q1 2024 per BNL's latest filing, from $1.4 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $3.2 million in Q1 2024 and bottomed at -$3.3 million in Q4 2021.
- Historically, Cost of Revenue has averaged $652533.3 across 5 years, with a median of $507000.0 in 2022.
- Annual changes were most pronounced in 2021 — Cost of Revenue plunged 1130.22% — and 2023, when it soared 1154.13%.
- Broadstone Net Lease's Cost of Revenue stood at -$268000.0 in 2020, then slumped by 1130.22% to -$3.3 million in 2021, then surged by 75.49% to -$808000.0 in 2022, then jumped by 269.18% to $1.4 million in 2023, then surged by 137.53% to $3.2 million in 2024.
- Business Quant data shows BNL's Cost of Revenue at $3.2 million in Q1 2024, $1.4 million in Q3 2023, and $1.5 million in Q2 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 28.92 Bn | 28.48 Bn | 1.05 Bn | 7.40 Mn |
| 2 | W. P. Carey | 16.08 Bn | 16.08 Bn | 441.59 Mn | 19.47 Mn |
| 3 | Broadstone Net Lease | 4.01 Bn | 4.00 Bn | - | - |
| 4 | Global Net Lease | 1.91 Bn | 1.76 Bn | - | - |
| 5 | American Assets Trust | 1.38 Bn | 1.38 Bn | - | - |
| 6 | Safehold | 1.10 Bn | -2.59 Bn | 113.88 Mn | 770,000.00 |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - | - |
| 8 | Empire State Realty Trust | 826.12 Mn | 826.12 Mn | - | - |
| 9 | CTO Realty Growth | 764.50 Mn | 764.50 Mn | 32.71 Mn | 11.13 Mn |
| 10 | JBG SMITH Properties | 729.72 Mn | 729.72 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 3.25 Mn |
| Mar 31, 2024 | 3.25 Mn |
| Sep 30, 2023 | 1.37 Mn |
| Sep 30, 2023 | 1.37 Mn |
| Jun 30, 2023 | 1.55 Mn |
| Jun 30, 2023 | 1.55 Mn |
| Mar 31, 2023 | 1.46 Mn |
| Mar 31, 2023 | 1.46 Mn |
| Dec 31, 2022 | -808,000.00 |
| Dec 31, 2022 | -808,000.00 |
| Sep 30, 2022 | 109,000.00 |
| Sep 30, 2022 | 109,000.00 |
| Jun 30, 2022 | 507,000.00 |
| Jun 30, 2022 | 507,000.00 |
| Mar 31, 2022 | 192,000.00 |
| Mar 31, 2022 | 192,000.00 |
| Dec 31, 2021 | -3.30 Mn |
| Dec 31, 2021 | -3.30 Mn |
| Sep 30, 2021 | 1.10 Mn |
| Sep 30, 2021 | 1.10 Mn |