Broadstone Net Lease (BNL) Operating Income (2016 - 2024)
Broadstone Net Lease (BNL) reported Operating Income of $22.9 million for Q1 2024, down 60.57% year-over-year from $58.0 million in Q2 2023, and down 57.51% quarter-over-quarter from $53.8 million in Q3 2023.
Broadstone Net Lease (BNL) Operating Income (2016 - 2024) Analysis & Trends
Broadstone Net Lease (BNL) has 9 years of Operating Income data on file, last reported at $22.9 million in Q1 2024.
- Operating Income for Q1 2024 came in at $22.9 million, down 60.57% year-over-year; the trailing twelve-month figure through Mar 2024 was $188.9 million (down 5.78% YoY), and the FY2022 annual result was $188.0 million, up 12.09% from the prior year.
- Operating Income slipped to $22.9 million in Q1 2024 per BNL's latest filing, from $53.8 million in the prior quarter.
- Over five years, Operating Income peaked at $58.0 million in Q1 2023 and troughed at $22.8 million in Q3 2020.
- A 5-year average of $41.6 million and a median of $44.9 million in 2022 frame the typical range for Operating Income.
- The sharpest annual moves came in 2021 and 2024: Operating Income jumped 101.81% in 2021, then tumbled 60.57% in 2024.
- A 5-year view of Operating Income shows it stood at $37.4 million in 2020, then jumped by 31.79% to $49.3 million in 2021, then gained by 4.73% to $51.6 million in 2022, then climbed by 4.2% to $53.8 million in 2023, then tumbled by 57.51% to $22.9 million in 2024.
- Business Quant data shows BNL's Operating Income at $22.9 million in Q1 2024, $53.8 million in Q3 2023, and $54.3 million in Q2 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.90 Bn | 29.42 Bn | 1.01 Bn | 995.11 Mn |
| 2 | Broadstone Net Lease | 4.01 Bn | 4.11 Bn | - | - |
| 3 | American Assets Trust | 1.48 Bn | 1.42 Bn | - | 23.22 Mn |
| 4 | Safehold | 1.14 Bn | 1.15 Bn | 109.54 Mn | 25.55 Mn |
| 5 | Empire State Realty Trust | 973.69 Mn | 1.70 Bn | - | 29.46 Mn |
| 6 | JBG SMITH Properties | 887.28 Mn | 1.38 Bn | - | - |
| 7 | CTO Realty Growth | 676.07 Mn | 676.07 Mn | 31.01 Mn | 10.29 Mn |
| 8 | Gladstone Commercial | 618.88 Mn | 788.92 Mn | - | - |
| 9 | AH Realty Trust | 547.30 Mn | 729.64 Mn | - | 11.63 Mn |
| 10 | One Liberty Properties | 515.72 Mn | 495.45 Mn | - | 13.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 22.86 Mn |
| Sep 30, 2023 | 53.79 Mn |
| Jun 30, 2023 | 54.30 Mn |
| Mar 31, 2023 | 57.97 Mn |
| Dec 31, 2022 | 51.62 Mn |
| Sep 30, 2022 | 44.28 Mn |
| Jun 30, 2022 | 46.63 Mn |
| Mar 31, 2022 | 45.49 Mn |
| Dec 31, 2021 | 49.29 Mn |
| Sep 30, 2021 | 46.05 Mn |
| Jun 30, 2021 | 39.07 Mn |
| Mar 31, 2021 | 34.74 Mn |
| Dec 31, 2020 | 37.40 Mn |
| Sep 30, 2020 | 22.82 Mn |
| Jun 30, 2020 | 30.03 Mn |
| Mar 31, 2020 | 29.91 Mn |
| Dec 31, 2019 | 33.99 Mn |
| Sep 30, 2019 | 30.60 Mn |
| Jun 30, 2019 | 29.94 Mn |
| Mar 31, 2019 | 25.49 Mn |