Broadstone Net Lease (STU:62XA) Interest Expense : €-71.6 Mil (TTM As of Mar. 2024)

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What is Broadstone Net Lease Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Broadstone Net Lease's interest expense for the three months ended in Mar. 2024 was € -17.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-71.6 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Broadstone Net Lease's Operating Income for the three months ended in Mar. 2024 was € 48.3 Mil. Broadstone Net Lease's Interest Expense for the three months ended in Mar. 2024 was € -17.1 Mil. Broadstone Net Lease's Interest Coverage for the quarter that ended in Mar. 2024 was 2.83. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Broadstone Net Lease Interest Expense Historical Data

The historical data trend for Broadstone Net Lease's Interest Expense 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.

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Broadstone Net Lease Interest Expense Chart

Broadstone Net Lease Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-65.28

-62.59

-56.77

-74.25

-73.41

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
Interest Expense	Get a 7-Day Free Trial															-19.74	-18.72	-18.43	-17.40	-17.09

Broadstone Net Lease Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-71.6 Mil.

Broadstone Net Lease (STU:62XA) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Broadstone Net Lease's Interest Expense for the three months ended in Mar. 2024 was €-17.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was €48.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €1,721.5 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	48.302	/	-17.092
	=	2.83

The higher the ratio, the stronger the company's financial strength is.

Broadstone Net Lease (STU:62XA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Broadstone Net Lease Inc (STU:62XA) » Definitions » Interest Expense

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Traded in Other Exchanges

BNL:USA 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.

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