Broadstone Net Lease (BNL) Tax Rate (2019 - 2024)

Broadstone Net Lease (BNL) reported Tax Rate of 9.05% for Q1 2024, up 775.0% year-over-year from 1.03% in Q2 2023, and up 2879.71% quarter-over-quarter from 0.3% in Q3 2023.

Broadstone Net Lease (BNL) Tax Rate (2019 - 2024) Analysis & Trends

Broadstone Net Lease (BNL) has 6 years of Tax Rate data on file, last reported at 9.05% in Q1 2024.

  • Tax Rate for Q1 2024 came in at 9.05%, up 775.0% year-over-year; the trailing twelve-month figure through Mar 2024 was 0.63% (down 51.0% YoY), and the FY2022 annual result was 1.17%, down 42.0% from the prior year.
  • Tax Rate improved to 9.05% in Q1 2024 per BNL's latest filing, from 0.3% in the prior quarter.
  • Over five years, Tax Rate peaked at 9.05% in Q1 2024 and troughed at 0.7% in Q4 2020.
  • A 5-year average of 2.21% and a median of 1.43% in 2021 frame the typical range for Tax Rate.
  • The sharpest annual moves came in 2020 and 2024: Tax Rate tumbled 1080 bps in 2020, then soared 775 bps in 2024.
  • A 5-year view of Tax Rate shows it stood at 0.7% in 2020, then jumped by 304 bps to 1.41% in 2021, then plunged by 73 bps to 0.38% in 2022, then decreased by 20 bps to 0.3% in 2023, then jumped by 2880 bps to 9.05% in 2024.
  • Business Quant data shows BNL's Tax Rate at 9.05% in Q1 2024, 0.3% in Q3 2023, and 1.31% in Q2 2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Vici Properties 29.26 Bn 28.78 Bn 1.01 Bn 0.45%
2 Broadstone Net Lease 3.95 Bn 4.05 Bn - -
3 American Assets Trust 1.46 Bn 1.40 Bn - -
4 Safehold 1.13 Bn 1.14 Bn 109.54 Mn 2.32%
5 Empire State Realty Trust 916.51 Mn 1.65 Bn - -54.94%
6 JBG SMITH Properties 880.19 Mn 1.38 Bn - -0.03%
7 CTO Realty Growth 672.82 Mn 672.82 Mn 31.01 Mn 0.96%
8 Gladstone Commercial 608.72 Mn 778.76 Mn - -
9 AH Realty Trust 540.92 Mn 723.25 Mn - -
10 One Liberty Properties 510.56 Mn 490.30 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2024 9.05%
Mar 31, 2024 9.05%
Sep 30, 2023 0.30%
Sep 30, 2023 0.30%
Jun 30, 2023 1.31%
Jun 30, 2023 1.31%
Mar 31, 2023 1.29%
Mar 31, 2023 1.29%
Dec 31, 2022 0.38%
Dec 31, 2022 0.38%
Sep 30, 2022 1.47%
Sep 30, 2022 1.47%
Jun 30, 2022 1.40%
Jun 30, 2022 1.40%
Mar 31, 2022 1.44%
Mar 31, 2022 1.44%
Dec 31, 2021 1.41%
Dec 31, 2021 1.41%
Sep 30, 2021 1.55%
Sep 30, 2021 1.55%