Broadstone Net Lease (BNL) Gross Profit (2017 - 2024)
Broadstone Net Lease's (BNL) quarterly Gross Profit came in at $102.1 million in Q1 2024, down 13.11% year-on-year from $117.5 million in Q2 2023, and down 5.6% on a QoQ basis from $108.2 million in Q3 2023.
Broadstone Net Lease (BNL) Gross Profit (2017 - 2024) Analysis & Trends
Broadstone Net Lease (BNL) has 8 years of Gross Profit data on file, last reported at $102.1 million in Q1 2024.
- On a quarterly basis, Gross Profit fell 13.11% year-over-year to $102.1 million in Q1 2024; TTM through Mar 2024 was $435.6 million, a 0.98% increase from a year earlier, with the FY2022 full-year figure at $407.5 million, up 6.43% from the prior year.
- Gross Profit for Q1 2024 stood at $102.1 million, down from $108.2 million in the prior quarter.
- Over the last five years, Gross Profit for BNL reached as high as $121.7 million in Q3 2021 and fell as low as $77.0 million in Q1 2020.
- Historically, Gross Profit has averaged $96.7 million across 5 years, with a median of $96.7 million in 2021.
- Across the five-year window, Gross Profit jumped 51.5% in 2021 and declined 15.01% in 2022, its largest moves.
- Year by year, Gross Profit stood at $82.3 million in 2020, then increased by 16.59% to $95.9 million in 2021, then rose by 17.72% to $112.9 million in 2022, then decreased by 4.22% to $108.2 million in 2023, then fell by 5.6% to $102.1 million in 2024.
- Per Business Quant data, the three most recent Gross Profit figures were $102.1 million in Q1 2024, $108.2 million in Q3 2023, and $107.8 million in Q2 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vici Properties | 28.12 Bn | 27.64 Bn | 1.01 Bn |
| 2 | W. P. Carey | 16.60 Bn | 16.61 Bn | 434.82 Mn |
| 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 |
| 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 |
| 10 | Gladstone Commercial | 618.64 Mn | 788.68 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 |