Broadstone Net Lease (BNL) Interest Coverage Ratio (2016 - 2024)
Broadstone Net Lease's (BNL) quarterly Interest Coverage Ratio came in at 1.23 in Q1 2024, down 55.14% year-over-year from 2.74 in Q2 2023, and down 55.03% quarter-over-quarter from 2.74 in Q3 2023.
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Analysis
Broadstone Net Lease (BNL) Interest Coverage Ratio (2016 - 2024) Analysis & Trends
Broadstone Net Lease (BNL) has reported Interest Coverage Ratio for 9 consecutive years, with 1.23 the latest figure, recorded in Q1 2024.
- On a quarterly basis, Interest Coverage Ratio fell 55.14% year-over-year to 1.23 in Q1 2024; TTM through Mar 2024 was 1.03, a 57.54% decrease from a year earlier, with the FY2022 full-year figure at 2.39, down 8.59% from the prior year.
- Interest Coverage Ratio was 1.23 for Q1 2024 at Broadstone Net Lease, down from 2.74 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 2.92 in Q3 2021 and troughed at 2.71 in Q2 2023.
- A 5-year average of 1.9 and a median of 2.19 in 2022 frame the typical range for Interest Coverage Ratio.
- Across the five-year window, Interest Coverage Ratio jumped 137.0% in 2021 and plunged 204.12% in 2023, its largest moves.
- Over 5 years, Interest Coverage Ratio stood at 2.13 in 2020, then surged by 36.11% to 2.9 in 2021, then dropped by 25.12% to 2.17 in 2022, then rose by 25.97% to 2.74 in 2023, then plunged by 55.03% to 1.23 in 2024.
- The last three Interest Coverage Ratio figures came in at 1.23 (Q1 2024), 2.74 (Q3 2023), and 2.71 (Q2 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Realty Income | 55.53 Bn | 55.53 Bn | - | 2.27 |
| 2 | W. P. Carey | 15.73 Bn | 15.73 Bn | 441.59 Mn | 1.82 |
| 3 | Agree Realty | 8.58 Bn | 8.57 Bn | - | 2.37 |
| 4 | Nnn Reit | 8.34 Bn | 8.34 Bn | - | 2.83 |
| 5 | Essential Properties Realty Trust | 6.30 Bn | 6.30 Bn | - | 3.45 |
| 6 | Broadstone Net Lease | 3.91 Bn | 3.90 Bn | - | - |
| 7 | Four Corners Property Trust | 2.64 Bn | 2.64 Bn | 70.62 Mn | 2.56 |
| 8 | Getty Realty | 1.97 Bn | 1.97 Bn | 58.71 Mn | 2.84 |
| 9 | Netstreit | 1.92 Bn | 1.92 Bn | - | 1.41 |
| 10 | Global Net Lease | 1.92 Bn | 1.76 Bn | - | 1.41 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 1.23 |
| Sep 30, 2023 | 2.74 |
| Jun 30, 2023 | -2.71 |
| Mar 31, 2023 | 2.74 |
| Dec 31, 2022 | 2.17 |
| Sep 30, 2022 | 2.20 |
| Jun 30, 2022 | 2.61 |
| Mar 31, 2022 | 2.69 |
| Dec 31, 2021 | 2.90 |
| Sep 30, 2021 | 2.92 |
| Jun 30, 2021 | 2.53 |
| Mar 31, 2021 | 2.16 |
| Dec 31, 2020 | 2.13 |
| Sep 30, 2020 | 1.23 |
| Jun 30, 2020 | 1.51 |
| Mar 31, 2020 | 1.37 |
| Dec 31, 2019 | 1.58 |
| Sep 30, 2019 | 1.47 |
| Jun 30, 2019 | 1.59 |
| Mar 31, 2019 | 1.61 |