Broadstone Net Lease (BNL) Net Income (2016 - 2024)
Broadstone Net Lease (BNL) posted quarterly Net Income of $2.8 million for Q1 2024, down 91.87% year-over-year from $34.8 million in Q2 2023, and down 90.97% quarter-over-quarter from $31.3 million in Q3 2023.
Broadstone Net Lease (BNL) Net Income (2016 - 2024) Analysis & Trends
Broadstone Net Lease (BNL) has reported Net Income for 9 consecutive years, with $2.8 million the latest figure, recorded in Q1 2024.
- In Q1 2024, Net Income fell 91.87% year-over-year to $2.8 million; the TTM figure through Dec 2024 stood at $2.8 million (down 97.09% YoY), while the FY2022 annual figure was $108.1 million, up 6.05% from the prior year.
- Net Income declined to $2.8 million in Q1 2024 per BNL's latest filing, from $31.3 million in the prior quarter.
- Across five years, Net Income topped out at $34.8 million in Q1 2023 and bottomed at -$107.3 million in Q1 2020.
- Historically, Net Income has averaged $2.6 million across 5 years, with a median of $21.6 million in 2021.
- Annual changes were most pronounced in 2021 — Net Income surged 1157.4% — and 2024, when it plunged 91.87%.
- Broadstone Net Lease's Net Income stood at -$39.0 million in 2020, then soared by 181.6% to $31.8 million in 2021, then dropped by 12.74% to $27.8 million in 2022, then grew by 12.63% to $31.3 million in 2023, then plunged by 90.97% to $2.8 million in 2024.
- Business Quant data shows BNL's Net Income at $2.8 million in Q1 2024, $31.3 million in Q3 2023, and $31.1 million in Q2 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 28.92 Bn | 28.48 Bn | 1.05 Bn | 535.31 Mn |
| 2 | W. P. Carey | 16.08 Bn | 16.08 Bn | 441.59 Mn | 185.66 Mn |
| 3 | Broadstone Net Lease | 4.01 Bn | 4.00 Bn | - | - |
| 4 | Global Net Lease | 1.91 Bn | 1.76 Bn | - | 3.49 Mn |
| 5 | American Assets Trust | 1.38 Bn | 1.38 Bn | - | 6.37 Mn |
| 6 | Safehold | 1.10 Bn | -2.59 Bn | 113.88 Mn | 30.72 Mn |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - | -25.99 Mn |
| 8 | Empire State Realty Trust | 826.12 Mn | 826.12 Mn | - | -39.55 Mn |
| 9 | CTO Realty Growth | 764.50 Mn | 764.50 Mn | 32.71 Mn | 15.11 Mn |
| 10 | JBG SMITH Properties | 729.72 Mn | 729.72 Mn | - | -72.45 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 2.83 Mn |
| Sep 30, 2023 | 31.29 Mn |
| Jun 30, 2023 | 31.11 Mn |
| Mar 31, 2023 | 34.78 Mn |
| Dec 31, 2022 | 27.78 Mn |
| Sep 30, 2022 | 20.15 Mn |
| Jun 30, 2022 | 23.13 Mn |
| Mar 31, 2022 | 28.18 Mn |
| Dec 31, 2021 | 31.84 Mn |
| Sep 30, 2021 | 23.02 Mn |
| Jun 30, 2021 | 17.05 Mn |
| Mar 31, 2021 | 13.85 Mn |
| Dec 31, 2020 | -39.02 Mn |
| Sep 30, 2020 | 1.83 Mn |
| Jun 30, 2020 | -98.81 Mn |
| Mar 31, 2020 | -107.27 Mn |
| Dec 31, 2019 | -39.67 Mn |
| Sep 30, 2019 | -134.20 Mn |
| Jun 30, 2019 | -109.90 Mn |
| Mar 31, 2019 | -101.62 Mn |