Broadstone Net Lease (BNL) Operating Income (2016 - 2024)
Broadstone Net Lease (BNL) posted quarterly 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 reported Operating Income for 9 consecutive years, with $22.9 million the latest figure, recorded in Q1 2024.
- In Q1 2024, Operating Income fell 60.57% year-over-year to $22.9 million; the TTM figure through Mar 2024 stood at $188.9 million (down 5.78% YoY), while the FY2022 annual figure was $188.0 million, up 12.09% from the prior year.
- Operating Income fell to $22.9 million in Q1 2024 per BNL's latest filing, from $53.8 million in the prior quarter.
- Across five years, Operating Income topped out at $58.0 million in Q1 2023 and bottomed at $22.8 million in Q3 2020.
- Historically, Operating Income has averaged $41.5 million across 5 years, with a median of $44.9 million in 2022.
- Annual changes were most pronounced in 2021 — Operating Income surged 99.87% — and 2024, when it tumbled 60.57%.
- Broadstone Net Lease's Operating Income stood at $36.5 million in 2020, then jumped by 35.11% to $49.3 million in 2021, then advanced by 4.73% to $51.6 million in 2022, then grew by 4.2% to $53.8 million in 2023, then plunged 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.04 Bn | 28.60 Bn | 1.05 Bn | 735.50 Mn |
| 2 | W. P. Carey | 16.30 Bn | 16.30 Bn | 441.59 Mn | 144.06 Mn |
| 3 | Broadstone Net Lease | 4.04 Bn | 4.03 Bn | - | - |
| 4 | Global Net Lease | 1.92 Bn | 1.77 Bn | - | 54.73 Mn |
| 5 | American Assets Trust | 1.39 Bn | 1.39 Bn | - | 26.30 Mn |
| 6 | Safehold | 1.10 Bn | -2.59 Bn | 113.88 Mn | 28.26 Mn |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - | - |
| 8 | Empire State Realty Trust | 821.84 Mn | 821.84 Mn | - | -138.71 Mn |
| 9 | CTO Realty Growth | 768.00 Mn | 768.00 Mn | 32.71 Mn | 13.25 Mn |
| 10 | JBG SMITH Properties | 721.56 Mn | 721.56 Mn | - | 61.08 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 | 45.61 Mn |
| Jun 30, 2021 | 39.07 Mn |
| Mar 31, 2021 | 34.74 Mn |
| Dec 31, 2020 | 36.48 Mn |
| Sep 30, 2020 | 22.82 Mn |
| Jun 30, 2020 | 29.53 Mn |
| Mar 31, 2020 | 28.73 Mn |
| Dec 31, 2019 | 33.99 Mn |
| Sep 30, 2019 | 27.09 Mn |
| Jun 30, 2019 | 26.55 Mn |
| Mar 31, 2019 | 25.49 Mn |