Broadstone Net Lease (BNL) Gross Margin (2017 - 2024)
Broadstone Net Lease (BNL) posted quarterly Gross Margin of 96.92% for Q1 2024, down 185.0% year-over-year from 114.02% in Q2 2023, and down 1.86% quarter-over-quarter from 98.75% in Q3 2023.
Broadstone Net Lease (BNL) Gross Margin (2017 - 2024) Analysis & Trends
Broadstone Net Lease (BNL) has reported Gross Margin for 8 consecutive years, with 96.92% the latest figure, recorded in Q1 2024.
- In Q1 2024, Gross Margin fell 185.0% year-over-year to 96.92%; the TTM figure through Mar 2024 stood at 101.48% (up 178.0% YoY), while the FY2022 annual figure was 100.0%, changed 0.0% from the prior year.
- Gross Margin fell to 96.92% in Q1 2024 per BNL's latest filing, from 98.75% in the prior quarter.
- Across five years, Gross Margin topped out at 103.56% in Q4 2021 and bottomed at 96.85% in Q1 2020.
- Historically, Gross Margin has averaged 99.38% across 5 years, with a median of 99.42% in 2020.
- Annual changes were most pronounced in 2020 — Gross Margin surged 717 bps — and 2022, when it slumped 284 bps.
- Broadstone Net Lease's Gross Margin stood at 100.33% in 2020, then advanced by 3 bps to 103.56% in 2021, then decreased by 3 bps to 100.72% in 2022, then fell by 2 bps to 98.75% in 2023, then dropped by 2 bps to 96.92% in 2024.
- Business Quant data shows BNL's Gross Margin at 96.92% in Q1 2024, 98.75% in Q3 2023, and 98.59% in Q2 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.04 Bn | 28.60 Bn | 1.05 Bn | 99.30% |
| 2 | W. P. Carey | 16.30 Bn | 16.30 Bn | 441.59 Mn | 95.78% |
| 3 | Broadstone Net Lease | 4.04 Bn | 4.03 Bn | - | - |
| 4 | Global Net Lease | 1.92 Bn | 1.77 Bn | - | - |
| 5 | American Assets Trust | 1.39 Bn | 1.39 Bn | - | - |
| 6 | Safehold | 1.10 Bn | -2.59 Bn | 113.88 Mn | 99.33% |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - | - |
| 8 | Empire State Realty Trust | 821.84 Mn | 821.84 Mn | - | - |
| 9 | CTO Realty Growth | 768.00 Mn | 768.00 Mn | 32.71 Mn | 74.62% |
| 10 | JBG SMITH Properties | 721.56 Mn | 721.56 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 96.92% |
| Sep 30, 2023 | 98.75% |
| Jun 30, 2023 | 98.59% |
| Mar 31, 2023 | 98.77% |
| Dec 31, 2022 | 100.72% |
| Sep 30, 2022 | 99.89% |
| Jun 30, 2022 | 99.48% |
| Mar 31, 2022 | 99.80% |
| Dec 31, 2021 | 103.56% |
| Sep 30, 2021 | 99.10% |
| Jun 30, 2021 | 98.54% |
| Mar 31, 2021 | 100.00% |
| Dec 31, 2020 | 100.33% |
| Sep 30, 2020 | 99.47% |
| Jun 30, 2020 | 99.38% |
| Mar 31, 2020 | 96.85% |
| Dec 31, 2019 | 93.15% |
| Sep 30, 2019 | 92.66% |
| Jun 30, 2019 | 92.30% |
| Mar 31, 2019 | 92.52% |