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Broadstone Net Lease (Broadstone Net Lease) Operating Margin %

: 49.35% (As of Dec. 2023)
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Operating Margin % is calculated as Operating Income divided by its Revenue. Broadstone Net Lease's Operating Income for the three months ended in Dec. 2023 was $51.8 Mil. Broadstone Net Lease's Revenue for the three months ended in Dec. 2023 was $105.0 Mil. Therefore, Broadstone Net Lease's Operating Margin % for the quarter that ended in Dec. 2023 was 49.35%.

Good Sign:

Broadstone Net Lease Inc operating margin is expanding. Margin expansion is usually a good sign.

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

BNL' s Operating Margin % Range Over the Past 10 Years
Min: 43.45   Med: 48.53   Max: 53.35
Current: 50.19


BNL's Operating Margin % is ranked worse than
53.67% of 695 companies
in the REITs industry
Industry Median: 51.83 vs BNL: 50.19

Broadstone Net Lease's 5-Year Average Operating Margin % Growth Rate was 1.70% per year.

Broadstone Net Lease's Operating Income for the three months ended in Dec. 2023 was $51.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $222.3 Mil.


Broadstone Net Lease Operating Margin % Historical Data

The historical data trend for Broadstone Net Lease's Operating 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 Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only 46.33 43.45 51.18 47.50 50.18

Broadstone Net Lease Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Operating Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 50.25 49.95 51.07 50.35 49.35

Competitive Comparison

For the REIT - Diversified subindustry, Broadstone Net Lease's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % Distribution

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

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



Broadstone Net Lease Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

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

Operating Margin %=Operating Income (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=222.261 / 442.888
=50.18 %

Broadstone Net Lease's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=51.818 / 105.001
=49.35 %

* 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.


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

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Broadstone Net Lease Operating Margin % Related Terms

Thank you for viewing the detailed overview of Broadstone Net Lease's Operating Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Broadstone Net Lease (Broadstone Net Lease) Business Description

Traded in Other Exchanges
Address
800 Clinton Square, Rochester, NY, USA, 14604
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