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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.90 Bn | 29.42 Bn | 1.01 Bn | 0.45% |
| 2 | Broadstone Net Lease | 4.01 Bn | 4.11 Bn | - | - |
| 3 | American Assets Trust | 1.48 Bn | 1.42 Bn | - | - |
| 4 | Safehold | 1.14 Bn | 1.15 Bn | 109.54 Mn | 2.32% |
| 5 | Empire State Realty Trust | 973.69 Mn | 1.70 Bn | - | -54.94% |
| 6 | JBG SMITH Properties | 887.28 Mn | 1.38 Bn | - | -0.03% |
| 7 | CTO Realty Growth | 676.07 Mn | 676.07 Mn | 31.01 Mn | 0.96% |
| 8 | Gladstone Commercial | 618.88 Mn | 788.92 Mn | - | - |
| 9 | AH Realty Trust | 547.30 Mn | 729.64 Mn | - | - |
| 10 | One Liberty Properties | 515.72 Mn | 495.45 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |