Broadstone Net Lease (BNL) Gross Margin (2017 - 2024)
Broadstone Net Lease (BNL) reported 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 8 years of Gross Margin data on file, last reported at 96.92% in Q1 2024.
- Gross Margin for Q1 2024 came in at 96.92%, down 185.0% year-over-year; the trailing twelve-month figure through Mar 2024 was 101.48% (up 178.0% YoY), and the FY2022 annual result was 100.0%, changed 0.0% from the prior year.
- Gross Margin slipped to 96.92% in Q1 2024 per BNL's latest filing, from 98.75% in the prior quarter.
- Over five years, Gross Margin peaked at 103.56% in Q4 2021 and troughed at 96.92% in Q1 2024.
- A 5-year average of 99.61% and a median of 99.48% in 2020 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2020 and 2022: Gross Margin jumped 829 bps in 2020, then slumped 284 bps in 2022.
- A 5-year view of Gross Margin shows it stood at 101.44% in 2020, then climbed by 2 bps to 103.56% in 2021, then retreated by 3 bps to 100.72% in 2022, then declined by 2 bps to 98.75% in 2023, then slipped 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 | 29.26 Bn | 28.78 Bn | 1.01 Bn | 99.36% |
| 2 | Broadstone Net Lease | 3.95 Bn | 4.05 Bn | - | - |
| 3 | American Assets Trust | 1.46 Bn | 1.40 Bn | - | - |
| 4 | Safehold | 1.13 Bn | 1.14 Bn | 109.54 Mn | 98.82% |
| 5 | Empire State Realty Trust | 916.51 Mn | 1.65 Bn | - | - |
| 6 | JBG SMITH Properties | 880.19 Mn | 1.38 Bn | - | - |
| 7 | CTO Realty Growth | 672.82 Mn | 672.82 Mn | 31.01 Mn | 75.30% |
| 8 | Gladstone Commercial | 608.72 Mn | 778.76 Mn | - | - |
| 9 | AH Realty Trust | 540.92 Mn | 723.25 Mn | - | - |
| 10 | One Liberty Properties | 510.56 Mn | 490.30 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 | 99.46% |
| Jun 30, 2021 | 98.54% |
| Mar 31, 2021 | 100.00% |
| Dec 31, 2020 | 101.44% |
| Sep 30, 2020 | 99.47% |
| Jun 30, 2020 | 100.00% |
| Mar 31, 2020 | 98.37% |
| Dec 31, 2019 | 93.15% |
| Sep 30, 2019 | 97.25% |
| Jun 30, 2019 | 97.20% |
| Mar 31, 2019 | 92.52% |