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| Date | Value |
|---|---|
| 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 |