Broadstone Net Lease (Broadstone Net Lease) EBIT : $268.3 Mil (TTM As of Mar. 2024)

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What is Broadstone Net Lease EBIT?

Broadstone Net Lease's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $87.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $268.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Broadstone Net Lease's annualized ROC % for the quarter that ended in Mar. 2024 was 4.13%. Broadstone Net Lease's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Broadstone Net Lease's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.73%.

Broadstone Net Lease EBIT Historical Data

The historical data trend for Broadstone Net Lease's EBIT 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 EBIT Chart

Broadstone Net Lease Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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160.06

133.35

175.32

209.40

244.13

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
EBIT	Get a 7-Day Free Trial															62.99	83.72	71.91	25.50	87.16

Competitive Comparison of Broadstone Net Lease's EBIT

For the REIT - Diversified subindustry, Broadstone Net Lease's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Broadstone Net Lease's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Broadstone Net Lease's EV-to-EBIT falls into.

Broadstone Net Lease EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT 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 $268.3 Mil.

Broadstone Net Lease (NYSE:BNL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Broadstone Net Lease's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	210.008 * ( 1 - 0.59% )	/	( (5139.136	+	4971.696)	/ 2 )
=	208.7689528	/	5055.416
=	4.13 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	5268.735	-	110.105	-	( 19.494	-	max(0, 110.105	-	173.705	+	19.494	))
=	5139.136

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	5269.655	-	106.903	-	( 221.74	-	max(0, 180.723	-	371.779	+	221.74	))
=	4971.696

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Broadstone Net Lease's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	348.652	/	( ( (0 + max(-108.618, 0))	+	(0 + max(-106.067, 0)) )	/	2 )
=	348.652	/	( ( 0	+	0 )	/	2 )
=	348.652	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.487	+	0	+	0)	-	(110.105	+	0	+	0)
=	-108.618

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.836	+	0	+	0)	-	(106.903	+	0	+	0)
=	-106.067

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Broadstone Net Lease's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	268.3	/	4679.775
	=	5.73 %

Broadstone Net Lease EBIT 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 » EBIT

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