Broadstone Net Lease (BNL) Tax Rate (2019 - 2024)
Broadstone Net Lease (BNL) posted quarterly Tax Rate of 12.61% for Q1 2024, up 1125.0% year-over-year from 1.03% in Q2 2023, and up 3707.63% quarter-over-quarter from 0.33% in Q3 2023.
Broadstone Net Lease (BNL) Tax Rate (2019 - 2024) Analysis & Trends
Broadstone Net Lease (BNL) has reported Tax Rate for 6 consecutive years, with 12.61% the latest figure, recorded in Q1 2024.
- In Q1 2024, Tax Rate rose 1125.0% year-over-year to 12.61%; the TTM figure through Mar 2024 stood at 0.68% (down 57.0% YoY), while the FY2022 annual figure was 1.17%, down 42.0% from the prior year.
- Tax Rate climbed to 12.61% in Q1 2024 per BNL's latest filing, from 0.33% in the prior quarter.
- Across five years, Tax Rate topped out at 12.61% in Q1 2024 and bottomed at 0.51% in Q1 2020.
- Historically, Tax Rate has averaged 2.19% across 5 years, with a median of 1.43% in 2022.
- Annual changes were most pronounced in 2021 — Tax Rate sank 457 bps — and 2024, when it soared 1125 bps.
- Broadstone Net Lease's Tax Rate stood at 0.36% in 2020, then jumped by 293 bps to 1.41% in 2021, then sank by 73 bps to 0.38% in 2022, then dropped by 13 bps to 0.33% in 2023, then surged by 3708 bps to 12.61% in 2024.
- Business Quant data shows BNL's Tax Rate at 12.61% in Q1 2024, 0.33% in Q3 2023, and 1.42% in Q2 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 28.92 Bn | 28.48 Bn | 1.05 Bn | -0.09% |
| 2 | W. P. Carey | 16.08 Bn | 16.08 Bn | 441.59 Mn | 6.59% |
| 3 | Broadstone Net Lease | 4.01 Bn | 4.00 Bn | - | - |
| 4 | Global Net Lease | 1.91 Bn | 1.76 Bn | - | 82.47% |
| 5 | American Assets Trust | 1.38 Bn | 1.38 Bn | - | - |
| 6 | Safehold | 1.10 Bn | -2.59 Bn | 113.88 Mn | 4.34% |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - | -706.39% |
| 8 | Empire State Realty Trust | 826.12 Mn | 826.12 Mn | - | 1.90% |
| 9 | CTO Realty Growth | 764.50 Mn | 764.50 Mn | 32.71 Mn | 6.91% |
| 10 | JBG SMITH Properties | 729.72 Mn | 729.72 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 12.61% |
| Mar 31, 2024 | 12.61% |
| Mar 31, 2024 | 12.61% |
| Sep 30, 2023 | 0.33% |
| Sep 30, 2023 | 0.33% |
| Sep 30, 2023 | 0.33% |
| Jun 30, 2023 | 1.42% |
| Jun 30, 2023 | 1.42% |
| Jun 30, 2023 | 1.42% |
| Mar 31, 2023 | 1.36% |
| Mar 31, 2023 | 1.36% |
| Mar 31, 2023 | 1.36% |
| Dec 31, 2022 | 0.38% |
| Dec 31, 2022 | 0.38% |
| Dec 31, 2022 | 0.38% |
| Sep 30, 2022 | 1.74% |
| Sep 30, 2022 | 1.74% |
| Sep 30, 2022 | 1.74% |
| Jun 30, 2022 | 1.70% |
| Jun 30, 2022 | 1.70% |