Broadstone Net Lease (BNL) Interest Coverage Ratio (2016 - 2024)

Broadstone Net Lease's (BNL) quarterly Interest Coverage Ratio came in at 1.15 in Q1 2024, down 54.57% year-on-year from 2.53 in Q2 2023, and down 51.8% on a QoQ basis from 2.39 in Q3 2023.

Broadstone Net Lease (BNL) Interest Coverage Ratio (2016 - 2024) Analysis & Trends

Broadstone Net Lease (BNL) has 9 years of Interest Coverage Ratio data on file, last reported at 1.15 in Q1 2024.

  • On a quarterly basis, Interest Coverage Ratio fell 54.57% year-over-year to 1.15 in Q1 2024; TTM through Mar 2024 was 9.52, a 8.57% increase from a year earlier, with the FY2022 full-year figure at 2.39, down 8.59% from the prior year.
  • Interest Coverage Ratio for Q1 2024 stood at 1.15, down from 2.39 in the prior quarter.
  • Over the last five years, Interest Coverage Ratio for BNL reached as high as 2.69 in Q1 2022 and fell as low as 1.05 in Q4 2021.
  • Historically, Interest Coverage Ratio has averaged 1.62 across 5 years, with a median of 1.83 in 2021.
  • Across the five-year window, Interest Coverage Ratio jumped 607.07% in 2020 and slumped 320.25% in 2021, its largest moves.
  • Year by year, Interest Coverage Ratio stood at 0.48 in 2020, then slumped by 320.25% to 1.05 in 2021, then surged by 305.96% to 2.17 in 2022, then rose by 9.99% to 2.39 in 2023, then plunged by 51.8% to 1.15 in 2024.
  • Per Business Quant data, the three most recent Interest Coverage Ratio figures were 1.15 in Q1 2024, 2.39 in Q3 2023, and 2.38 in Q2 2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 Vici Properties 28.12 Bn 27.64 Bn 1.01 Bn 4.16
2 W. P. Carey 16.60 Bn 16.61 Bn 434.82 Mn 2.29
3 Broadstone Net Lease 4.29 Bn 4.40 Bn - -
4 American Assets Trust 1.47 Bn 1.41 Bn - 3.51
5 Safehold 1.15 Bn -2.44 Bn 109.54 Mn 0.48
6 Empire State Realty Trust 930.17 Mn 1.66 Bn - 1.05
7 Cim 917.30 Mn 735.54 Mn - -
8 JBG SMITH Properties 855.38 Mn 1.35 Bn - 1.71
9 CTO Realty Growth 725.13 Mn 725.13 Mn 31.01 Mn 0.93
10 Gladstone Commercial 618.64 Mn 788.68 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2024 1.15
Sep 30, 2023 2.39
Jun 30, 2023 2.38
Mar 31, 2023 2.53
Dec 31, 2022 2.17
Sep 30, 2022 1.86
Jun 30, 2022 2.02
Mar 31, 2022 2.69
Dec 31, 2021 -1.05
Sep 30, 2021 2.06
Jun 30, 2021 1.80
Mar 31, 2021 1.70
Dec 31, 2020 0.48
Sep 30, 2020 1.09
Jun 30, 2020 1.38
Mar 31, 2020 1.33
Dec 31, 2019 0.66
Sep 30, 2019 0.17
Jun 30, 2019 0.20
Mar 31, 2019 0.20