Broadstone Net Lease (BNL) Operating Margin (2016 - 2024)
Broadstone Net Lease's (BNL) quarterly Operating Margin came in at 21.69% in Q1 2024, down 2703.0% year-on-year from 0.83% in Q2 2023, and down 55.83% on a QoQ basis from 49.11% in Q3 2023.
Broadstone Net Lease (BNL) Operating Margin (2016 - 2024) Analysis & Trends
Broadstone Net Lease (BNL) has 9 years of Operating Margin data on file, last reported at 21.69% in Q1 2024.
- On a quarterly basis, Operating Margin fell 2703.0% year-over-year to 21.69% in Q1 2024; TTM through Mar 2024 was 44.01%, a 233.0% decrease from a year earlier, with the FY2022 full-year figure at 46.14%, up 233.0% from the prior year.
- Operating Margin for Q1 2024 stood at 21.69%, down from 49.11% in the prior quarter.
- Over the last five years, Operating Margin for BNL reached as high as 53.2% in Q4 2021 and fell as low as 21.69% in Q1 2024.
- Historically, Operating Margin has averaged 42.52% across 5 years, with a median of 45.02% in 2020.
- Across the five-year window, Operating Margin surged 920 bps in 2021 and plunged 2703 bps in 2024, its largest moves.
- Year by year, Operating Margin stood at 44.01% in 2020, then increased by 21 bps to 53.2% in 2021, then slipped by 13 bps to 46.04% in 2022, then gained by 7 bps to 49.11% in 2023, then plunged by 56 bps to 21.69% in 2024.
- Per Business Quant data, the three most recent Operating Margin figures were 21.69% in Q1 2024, 49.11% in Q3 2023, and 49.66% in Q2 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 28.12 Bn | 27.64 Bn | 1.01 Bn | 97.80% |
| 2 | W. P. Carey | 16.60 Bn | 16.61 Bn | 434.82 Mn | 39.54% |
| 3 | Broadstone Net Lease | 4.29 Bn | 4.40 Bn | - | - |
| 4 | American Assets Trust | 1.47 Bn | 1.41 Bn | - | 21.09% |
| 5 | Safehold | 1.15 Bn | -2.44 Bn | 109.54 Mn | 23.05% |
| 6 | Empire State Realty Trust | 930.17 Mn | 1.66 Bn | - | 15.48% |
| 7 | Cim | 917.30 Mn | 735.54 Mn | - | - |
| 8 | JBG SMITH Properties | 855.38 Mn | 1.35 Bn | - | 47.74% |
| 9 | CTO Realty Growth | 725.13 Mn | 725.13 Mn | 31.01 Mn | 25.00% |
| 10 | Gladstone Commercial | 618.64 Mn | 788.68 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 21.69% |
| Sep 30, 2023 | 49.11% |
| Jun 30, 2023 | 49.66% |
| Mar 31, 2023 | 48.72% |
| Dec 31, 2022 | 46.04% |
| Sep 30, 2022 | 42.77% |
| Jun 30, 2022 | 47.58% |
| Mar 31, 2022 | 48.47% |
| Dec 31, 2021 | 53.20% |
| Sep 30, 2021 | 37.15% |
| Jun 30, 2021 | 46.10% |
| Mar 31, 2021 | 42.00% |
| Dec 31, 2020 | 44.01% |
| Sep 30, 2020 | 28.26% |
| Jun 30, 2020 | 37.36% |
| Mar 31, 2020 | 38.23% |
| Dec 31, 2019 | 56.04% |
| Sep 30, 2019 | 35.45% |
| Jun 30, 2019 | 38.45% |
| Mar 31, 2019 | 37.24% |