Broadstone Net Lease (BNL) Net Income (2016 - 2024)
Broadstone Net Lease's (BNL) quarterly Net Income came in at $2.8 million in Q1 2024, down 91.87% year-on-year from $34.8 million in Q2 2023, and down 90.97% on a QoQ basis from $31.3 million in Q3 2023.
Broadstone Net Lease (BNL) Net Income (2016 - 2024) Analysis & Trends
Broadstone Net Lease (BNL) has 9 years of Net Income data on file, last reported at $2.8 million in Q1 2024.
- On a quarterly basis, Net Income fell 91.87% year-over-year to $2.8 million in Q1 2024; TTM through Dec 2024 was $2.8 million, a 97.09% decrease from a year earlier, with the FY2022 full-year figure at $108.1 million, up 6.05% from the prior year.
- Net Income for Q1 2024 stood at $2.8 million, down from $31.3 million in the prior quarter.
- Over the last five years, Net Income for BNL reached as high as $95.6 million in Q4 2021 and fell as low as -$39.3 million in Q4 2020.
- Historically, Net Income has averaged $20.4 million across 5 years, with a median of $21.6 million in 2021.
- Across the five-year window, Net Income soared 1157.4% in 2021 and slumped 91.87% in 2024, its largest moves.
- Year by year, Net Income stood at -$39.3 million in 2020, then soared by 343.29% to $95.6 million in 2021, then tumbled by 70.93% to $27.8 million in 2022, then rose by 12.63% to $31.3 million in 2023, then plunged by 90.97% to $2.8 million in 2024.
- Per Business Quant data, the three most recent Net Income figures were $2.8 million in Q1 2024, $31.3 million in Q3 2023, and $31.1 million in Q2 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 28.12 Bn | 27.64 Bn | 1.01 Bn | 885.95 Mn |
| 2 | W. P. Carey | 16.60 Bn | 16.61 Bn | 434.82 Mn | 176.50 Mn |
| 3 | Broadstone Net Lease | 4.29 Bn | 4.40 Bn | - | - |
| 4 | American Assets Trust | 1.47 Bn | 1.41 Bn | - | 16.61 Mn |
| 5 | Safehold | 1.15 Bn | -2.44 Bn | 109.54 Mn | 28.90 Mn |
| 6 | Empire State Realty Trust | 930.17 Mn | 1.66 Bn | - | 3.00 Mn |
| 7 | Cim | 917.30 Mn | 735.54 Mn | - | - |
| 8 | JBG SMITH Properties | 855.38 Mn | 1.35 Bn | - | -23.05 Mn |
| 9 | CTO Realty Growth | 725.13 Mn | 725.13 Mn | 31.01 Mn | 6.21 Mn |
| 10 | Gladstone Commercial | 618.64 Mn | 788.68 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 | 95.59 Mn |
| Sep 30, 2021 | 23.02 Mn |
| Jun 30, 2021 | 17.05 Mn |
| Mar 31, 2021 | 13.85 Mn |
| Dec 31, 2020 | -39.29 Mn |
| Sep 30, 2020 | 1.83 Mn |
| Jun 30, 2020 | 7.86 Mn |
| Mar 31, 2020 | 6.96 Mn |
| Dec 31, 2019 | -26.07 Mn |
| Sep 30, 2019 | -134.20 Mn |
| Jun 30, 2019 | -109.90 Mn |
| Mar 31, 2019 | -101.62 Mn |