Broadstone Net Lease (BNL) Gross Profit (2017 - 2024)
Broadstone Net Lease (BNL) posted quarterly Gross Profit of $102.1 million for Q1 2024, down 13.11% year-over-year from $117.5 million in Q2 2023, and down 5.6% quarter-over-quarter from $108.2 million in Q3 2023.
Broadstone Net Lease (BNL) Gross Profit (2017 - 2024) Analysis & Trends
Broadstone Net Lease (BNL) has reported Gross Profit for 8 consecutive years, with $102.1 million the latest figure, recorded in Q1 2024.
- In Q1 2024, Gross Profit fell 13.11% year-over-year to $102.1 million; the TTM figure through Mar 2024 stood at $435.6 million (up 0.98% YoY), while the FY2022 annual figure was $407.5 million, up 6.43% from the prior year.
- Gross Profit fell to $102.1 million in Q1 2024 per BNL's latest filing, from $108.2 million in the prior quarter.
- Across five years, Gross Profit topped out at $121.7 million in Q3 2021 and bottomed at $75.8 million in Q1 2020.
- Historically, Gross Profit has averaged $96.6 million across 5 years, with a median of $96.7 million in 2021.
- Annual changes were most pronounced in 2021 — Gross Profit soared 51.5% — and 2022, when it retreated 15.01%.
- Broadstone Net Lease's Gross Profit stood at $82.6 million in 2020, then increased by 16.21% to $95.9 million in 2021, then grew by 17.72% to $112.9 million in 2022, then fell by 4.22% to $108.2 million in 2023, then dropped by 5.6% to $102.1 million in 2024.
- Business Quant data shows BNL's Gross Profit at $102.1 million in Q1 2024, $108.2 million in Q3 2023, and $107.8 million in Q2 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vici Properties | 28.92 Bn | 28.48 Bn | 1.05 Bn |
| 2 | W. P. Carey | 16.08 Bn | 16.08 Bn | 441.59 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 |
| 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 |
| 10 | JBG SMITH Properties | 729.72 Mn | 729.72 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 102.12 Mn |
| Mar 31, 2024 | 102.12 Mn |
| Sep 30, 2023 | 108.18 Mn |
| Sep 30, 2023 | 108.18 Mn |
| Jun 30, 2023 | 107.81 Mn |
| Jun 30, 2023 | 107.81 Mn |
| Mar 31, 2023 | 117.53 Mn |
| Mar 31, 2023 | 117.53 Mn |
| Dec 31, 2022 | 112.94 Mn |
| Dec 31, 2022 | 112.94 Mn |
| Sep 30, 2022 | 103.42 Mn |
| Sep 30, 2022 | 103.42 Mn |
| Jun 30, 2022 | 97.51 Mn |
| Jun 30, 2022 | 97.51 Mn |
| Mar 31, 2022 | 93.65 Mn |
| Mar 31, 2022 | 93.65 Mn |
| Dec 31, 2021 | 95.94 Mn |
| Dec 31, 2021 | 95.94 Mn |
| Sep 30, 2021 | 121.67 Mn |
| Sep 30, 2021 | 121.67 Mn |