Broadstone Net Lease (BNL) Net Margin (2016 - 2024)
Broadstone Net Lease (BNL) posted quarterly Net Margin of 2.68% for Q1 2024, down 2654.0% year-over-year from 0.11% in Q2 2023, and down 90.61% quarter-over-quarter from 28.57% in Q3 2023.
Broadstone Net Lease (BNL) Net Margin (2016 - 2024) Analysis & Trends
Broadstone Net Lease (BNL) has reported Net Margin for 9 consecutive years, with 2.68% the latest figure, recorded in Q1 2024.
- In Q1 2024, Net Margin fell 2654.0% year-over-year to 2.68%; the TTM figure through Dec 2024 stood at 0.65% (down 2129.0% YoY), while the FY2022 annual figure was 26.54%, down 10.0% from the prior year.
- Net Margin eased to 2.68% in Q1 2024 per BNL's latest filing, from 28.57% in the prior quarter.
- Across five years, Net Margin topped out at 34.37% in Q4 2021 and bottomed at 137.12% in Q1 2020.
- Historically, Net Margin has averaged 1.78% across 5 years, with a median of 19.79% in 2021.
- Annual changes were most pronounced in 2020 — Net Margin jumped 17792 bps — and 2024, when it slumped 2654 bps.
- Broadstone Net Lease's Net Margin stood at 47.42% in 2020, then surged by 172 bps to 34.37% in 2021, then fell by 28 bps to 24.78% in 2022, then grew by 15 bps to 28.57% in 2023, then plunged by 91 bps to 2.68% in 2024.
- Business Quant data shows BNL's Net Margin at 2.68% in Q1 2024, 28.57% in Q3 2023, and 28.45% in Q2 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.04 Bn | 28.60 Bn | 1.05 Bn | 49.97% |
| 2 | W. P. Carey | 16.30 Bn | 16.30 Bn | 441.59 Mn | 40.27% |
| 3 | Broadstone Net Lease | 4.04 Bn | 4.03 Bn | - | - |
| 4 | Global Net Lease | 1.92 Bn | 1.77 Bn | - | -6.62% |
| 5 | American Assets Trust | 1.39 Bn | 1.39 Bn | - | 4.73% |
| 6 | Safehold | 1.10 Bn | -2.59 Bn | 113.88 Mn | 26.30% |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - | -23.41% |
| 8 | Empire State Realty Trust | 821.84 Mn | 821.84 Mn | - | -13.11% |
| 9 | CTO Realty Growth | 768.00 Mn | 768.00 Mn | 32.71 Mn | 30.19% |
| 10 | JBG SMITH Properties | 721.56 Mn | 721.56 Mn | - | -46.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 2.68% |
| Sep 30, 2023 | 28.57% |
| Jun 30, 2023 | 28.45% |
| Mar 31, 2023 | 29.23% |
| Dec 31, 2022 | 24.78% |
| Sep 30, 2022 | 19.46% |
| Jun 30, 2022 | 23.59% |
| Mar 31, 2022 | 30.03% |
| Dec 31, 2021 | 34.37% |
| Sep 30, 2021 | 18.75% |
| Jun 30, 2021 | 20.12% |
| Mar 31, 2021 | 16.75% |
| Dec 31, 2020 | -47.42% |
| Sep 30, 2020 | 2.27% |
| Jun 30, 2020 | -122.94% |
| Mar 31, 2020 | -137.12% |
| Dec 31, 2019 | -46.71% |
| Sep 30, 2019 | -175.65% |
| Jun 30, 2019 | -159.15% |
| Mar 31, 2019 | -148.50% |