Broadstone Net Lease (BNL) Gross Margin (2017 - 2024)
Broadstone Net Lease's (BNL) quarterly Gross Margin came in at 96.92% in Q1 2024, down 185.0% year-on-year from 114.02% in Q2 2023, and down 1.86% on a QoQ basis from 98.75% in Q3 2023.
Broadstone Net Lease (BNL) Gross Margin (2017 - 2024) Analysis & Trends
Broadstone Net Lease (BNL) has 8 years of Gross Margin data on file, last reported at 96.92% in Q1 2024.
- On a quarterly basis, Gross Margin fell 185.0% year-over-year to 96.92% in Q1 2024; TTM through Mar 2024 was 101.48%, a 178.0% increase from a year earlier, with the FY2022 full-year figure at 100.0%, changed 0.0% from the prior year.
- Gross Margin for Q1 2024 stood at 96.92%, down from 98.75% in the prior quarter.
- Over the last five years, Gross Margin for BNL reached as high as 103.56% in Q4 2021 and fell as low as 96.92% in Q1 2024.
- Historically, Gross Margin has averaged 99.5% across 5 years, with a median of 99.48% in 2020.
- On a YoY basis, Gross Margin climbed as much as 770 bps in 2020 and fell as far as 917 bps in 2020.
- Year by year, Gross Margin stood at 100.0% in 2020, then climbed by 4 bps to 103.56% in 2021, then dropped by 3 bps to 100.72% in 2022, then decreased by 2 bps to 98.75% in 2023, then fell by 2 bps to 96.92% in 2024.
- Per Business Quant data, the three most recent Gross Margin figures were 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 | 28.12 Bn | 27.64 Bn | 1.01 Bn | 99.36% |
| 2 | W. P. Carey | 16.60 Bn | 16.61 Bn | 434.82 Mn | 95.67% |
| 3 | Broadstone Net Lease | 4.29 Bn | 4.40 Bn | - | - |
| 4 | American Assets Trust | 1.47 Bn | 1.41 Bn | - | - |
| 5 | Safehold | 1.15 Bn | -2.44 Bn | 109.54 Mn | 98.82% |
| 6 | Empire State Realty Trust | 930.17 Mn | 1.66 Bn | - | - |
| 7 | Cim | 917.30 Mn | 735.54 Mn | - | - |
| 8 | JBG SMITH Properties | 855.38 Mn | 1.35 Bn | - | - |
| 9 | CTO Realty Growth | 725.13 Mn | 725.13 Mn | 31.01 Mn | 75.30% |
| 10 | Gladstone Commercial | 618.64 Mn | 788.68 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 | 100.00% |
| Sep 30, 2020 | 99.47% |
| Jun 30, 2020 | 100.00% |
| Mar 31, 2020 | 98.37% |
| Dec 31, 2019 | 109.17% |
| Sep 30, 2019 | 92.66% |
| Jun 30, 2019 | 92.30% |
| Mar 31, 2019 | 92.52% |