Broadstone Net Lease (Broadstone Net Lease) Gross Margin % : 94.63% (As of Mar. 2024)

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What is Broadstone Net Lease Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Broadstone Net Lease's Gross Profit for the three months ended in Mar. 2024 was $99.7 Mil. Broadstone Net Lease's Revenue for the three months ended in Mar. 2024 was $105.4 Mil. Therefore, Broadstone Net Lease's Gross Margin % for the quarter that ended in Mar. 2024 was 94.63%.

The historical rank and industry rank for Broadstone Net Lease's Gross Margin % or its related term are showing as below:

BNL' s Gross Margin % Range Over the Past 10 Years
Min: 94.57 Med: 95.18 Max: 97.27
Current: 94.79

During the past 9 years, the highest Gross Margin % of Broadstone Net Lease was 97.27%. The lowest was 94.57%. And the median was 95.18%.

BNL's Gross Margin % is ranked better than
92.83% of 628 companies
in the REITs industry
Industry Median: 68.965 vs BNL: 94.79

Broadstone Net Lease had a gross margin of 94.63% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Broadstone Net Lease was 0.00% per year.

Broadstone Net Lease Gross Margin % Historical Data

The historical data trend for Broadstone Net Lease's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Broadstone Net Lease Gross Margin % Chart

Broadstone Net Lease Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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94.65

94.57

95.18

94.66

94.90

Broadstone Net Lease Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															95.05	95.44	94.79	94.29	94.63

Competitive Comparison of Broadstone Net Lease's Gross Margin %

For the REIT - Diversified subindustry, Broadstone Net Lease's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Broadstone Net Lease's Gross Margin % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Broadstone Net Lease's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Broadstone Net Lease's Gross Margin % falls into.

Broadstone Net Lease Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Broadstone Net Lease's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	420.3	/	442.888
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(442.888 - 22.576)	/	442.888
	=	94.90 %

Broadstone Net Lease's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	99.7	/	105.366
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(105.366 - 5.66)	/	105.366
	=	94.63 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Broadstone Net Lease (NYSE:BNL) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Broadstone Net Lease had a gross margin of 94.63% for the quarter that ended in Mar. 2024 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Broadstone Net Lease Gross Margin % Related Terms

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Broadstone Net Lease (Broadstone Net Lease) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Broadstone Net Lease Inc (NYSE:BNL) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

62XA:Germany 62XA:Germany

Address

800 Clinton Square, Rochester, NY, USA, 14604

Website

https://investors.bnl.broadstone.com

Broadstone Net Lease Inc is an internally-managed real estate investment trust that invests in, owns, and manages single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The company has selectively invested in net leased assets in the industrial, healthcare, restaurant, retail, and office property types. The company focuses on investing in real estate that is operated by creditworthy single tenants in industries characterized by positive business drivers and trends. The company targets properties that are an integral part of the tenants' businesses and are therefore opportunities to secure long-term net leases.

Executives

John David Moragne	officer: See Remarks	800 CLINTON SQUARE, ROCHESTER NY 14604
Ryan M Albano	officer: See Remarks	800 CLINTON SQUARE, ROCHESTER NY 14604
Michael B. Caruso	officer: SVP, Finance	BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Kevin Fennell	officer: SVP - Capital Markets	BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Roderick Pickney	officer: SVP - Acquisitions	BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Michael A Coke	director	TERRENO REALTY CORPORATION, 101 MONTGOMERY STREET, SUITE 200, SAN FRANCISCO CA 94104
Jennie O'brien	officer: SVP - Accounting & Controller	BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Jessica Duran	director	BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Laura L. Felice	director	C/O BJ'S WHOLESALE CLUB, INC., 350 CAMPUS DRIVE, MARLBOROUGH MA 01752
Lessard Laurier J Jr	officer: SVP - Asset Management	BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Molly Wiegel	officer: SVP - Human Resources	BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Denise Brooks-williams	director	BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Andrea T. Wright	officer: SVP, Property Management	BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Kristen Duckles	officer: SVP & Chief Admin. Officer	BROADSTONE NET LEASE, INC., 800 CLINTON SQUARE, ROCHESTER NY 14604
Christopher J Czarnecki	director, officer: Chief Executive Officer	800 CLINTON SQUARE, ROCHESTER NY 14604