Brixmor Property Group

Brixmor Property Group, Inc. operates as a real estate investment trust. It owns and operates a wholly owned portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.

Earnings data Q3 2023

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shares of Brixmor Property Group were yielding above the 5% mark based on its quarterly dividend (annualized to $1.04)

Brixmor Property Group Passes Through 5% Yield Mark

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National Retail Properties

Realty Income Corp

Prologis

Rexford Industrial Realty

Sun Communities

Terreno Realty

Vanguard Real Estate ETF

Wheeler Real Estate Investment Trust

W. P. Carey

Many high-quality equity REITs are trading at substantial discounts on price-to-NAV ratios. REITs with good management teams should be able to gain a premium to NAV, but very few are achieving this currently. The amount of new apartment construction poses a risk, but some REITs are trading at unusually cheap price-to-NAV ratios.

6 Stellar REITs At Big Discounts To NAV

NEW YORK , Sept. 19, 2023 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) today announced that it will release its 2023 third quarter earnings on Monday, October 30, 2023 after the market close.

BRIXMOR PROPERTY GROUP ANNOUNCES THIRD QUARTER 2023 EARNINGS RELEASE AND TELECONFERENCE DATES

Grocery anchored centers are a leading retail market segment now. Brixmor's portfolio is broadly diversified, with many investment grade tenants. The company is rebalancing the portfolio to higher-quality properties in denser areas.

Brixmor Property: Well-Positioned Grocery Center Retail REIT, Buy The Dip

NEW YORK , Aug. 29, 2023 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) today announced that the Company will present at the BofA Securities 2023 Global Real Estate Conference on Tuesday, September 12, 2023 from 1:25 PM ET to 2:00 PM ET. Event: Brixmor Property Group Presentation at the BofA Securities 2023 Global Real Estate Conference When: 1:25 PM ET, Tuesday, September 12, 2023 Live Webcast: BofA Securities 2023 Global Real Estate Conference under the Investors tab at www.brixmor.com A replay of the webcast will be available through December 12, 2023.

Brixmor Property Group To Present At BofA Securities 2023 Global Real Estate Conference

STAG Industrial

Vici Properties

Quite a few REITs have cut their dividend recently. But there are also REITs that continue to grow their dividends. I highlight 5 REITs that are likely to hike their dividend in the near term.

5 REITs That Will Likely Hike Their Dividends

Kimco Realty

Kite Realty Group

Urstadt Biddle Properties

Whitestone REIT

Retail REITs have been undervalued due to past weaknesses, but the environment has changed in favor of retail real estate. Negative net supply growth and increasing retail sales create a significant runway for rental rate growth. Within the sector, we identify individual REITs with superior growth potential, superior locations, and superior management.

Retail Real Estate Is Entering A Golden Age

Brixmor Property Group Inc. (NYSE:BRX ) Q2 2023 Earnings Conference Call August 1, 2023 10:00 AM ET Company Participants Stacy Slater - SVP-IR and Capital Markets Jim Taylor - President and CEO Angela Aman - EVP and CFO Brian Finnegan - EVP and Chief Revenue Officer Mark Horgan - EVP and Chief Investment Officer Conference Call Participants Todd Thomas - KeyBanc Capital Markets Juan Sanabria - BMO Capital Markets Ki Bin Kim - Truist Securities Caitlin Burrows - Goldman Sachs Craig Mailman - Citi Greg McGinniss - Scotiabank Jeff Spector - Bank of America Dori Kesten - Wells Fargo Anthony Powell - Barclays Haendel St. Juste - Mizuho Mike Mueller - JPMorgan Floris Van Dijkum - Compass Point Alexander Goldfarb - Piper Sandler Linda Tsai - Jefferies Operator Greetings, and welcome to the Brixmor Property Group Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Brixmor Property Group Inc. (BRX) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for Brixmor (BRX) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Brixmor (BRX) Q2 Earnings: A Look at Key Metrics

Brixmor Property (BRX) came out with quarterly funds from operations (FFO) of $0.52 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to FFO of $0.49 per share a year ago.

Brixmor Property (BRX) Q2 FFO and Revenues Surpass Estimates

NEW YORK , July 31, 2023 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today the appointment of JP Suarez, retired Executive Vice President, Regional Chief Executive Officer and Chief Administration Officer, Walmart International, to the Company's board of directors. Mr. Suarez brings over 30 years of experience in leadership roles in the global retail, environment, and gaming sectors.

BRIXMOR PROPERTY GROUP APPOINTS SEASONED RETAIL EXECUTIVE JOHN PETER ("JP") SUAREZ TO BOARD OF DIRECTORS

NEW YORK , July 31, 2023 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today its operating results for the three and six months ended June 30, 2023.  For the three months ended June 30, 2023 and 2022, net income was $0.19 per diluted share and $0.29 per diluted share, respectively.

BRIXMOR PROPERTY GROUP REPORTS SECOND QUARTER 2023 RESULTS

NEW YORK , July 5, 2023 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today the release of its fifth annual Corporate Responsibility (CR) Report, which provides a comprehensive overview of the Company's strategy to improve the environmental, social, and economic well-being of its stakeholders, as well as measurements and case studies that highlight Brixmor's progress with respect to its CR goals. "ESG principles align with our core values, our vision, and our mission, and they inform every decision we make at Brixmor," stated James Taylor, Chief Executive Officer and President.

BRIXMOR PROPERTY GROUP ISSUES ANNUAL CORPORATE RESPONSIBILITY REPORT

The company's centers are primarily grocery-anchored, making them essential for everyday living, and have a record portfolio leased rate of 94%. BRX is supported by investment-grade credit ratings and a well-covered dividend, with a potential for another dividend increase next year. Its shopping centers have strong leased fundamentals, record occupancy rates, and low new supply, making it an attractive option for income investors.

Brixmor Property: Record Occupancy And Great Value

Acadia Realty Trust

JPMorgan BetaBuilders MSCI US REIT ETF

Saul Centers

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

Federal Realty Investment Trust

iShares Cohen & Steers REIT ETF

InvenTrust Properties Corp

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Neuberger Berman Real Estate Securities Income Fund Inc

Phillips Edison & Co Inc

US Diversified Real Estate ETF

Invesco Active US Real Estate

Regency Centers

ALPS Active REIT ETF

ProShares Short Real Estate

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Strip Center REIT fundamentals have improved materially over the past year and continue to be underappreciated in the market as a decade-long “retail apocalypse” narrative has been tough to shake. The combination of near-zero new development and positive net store openings since 2021 has driven occupancy rates to record-highs and allowed Strip Center REITs to enjoy some long-awaited pricing power. These favorable property-level supply/demand fundamentals have translated into impressive double-digit rent growth spreads since mid-2022 and the best earnings “beat rate” of any property sector during that time.

Strip Center REITs: Retail Apocalypse Is Over

NEW YORK , June 15, 2023 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) today announced that it will release its 2023 second quarter earnings on Monday, July 31, 2023 after the market close.  Brixmor will host a teleconference on Tuesday, August 1, 2023 at 10:00 AM ET.

BRIXMOR PROPERTY GROUP ANNOUNCES SECOND QUARTER 2023 EARNINGS RELEASE AND TELECONFERENCE DATES

Brixmor Property Group Inc. (NYSE:BRX ) Q1 2023 Earnings Conference Call May 2, 2023 10:00 AM ET Company Participants Stacy Slater – Senior Vice President-Investor Relations and Capital Markets Jim Taylor – President and Chief Executive Officer Angela Aman – Executive Vice President and Chief Financial Officer Brian Finnegan – Executive Vice President and Chief Revenue Officer Mark Horgan – Executive Vice President and Chief Investment Officer Conference Call Participants Jeff Spector – Bank of America Todd Thomas – KeyBanc Capital Markets Haendel St. Juste – Mizuho Craig Mailman – Citi Greg McGinniss – Scotiabank Juan Sanabria – BMO Capital Markets Connor Mitchell – Piper Sandler Caitlin Burrows – Goldman Sachs Floris van Dijkum – Compass Point Ki Bin Kim – Truist Tayo Okusanya – Credit Suisse Anthony Powell – Barclays Mike Mueller – J.P. Morgan Paulina Rojas – Green Street Linda Tsai – Jefferies Samir Khanal – Evercore Operator Greetings, and welcome to the Brixmor Property Group First Quarter 2023 Earnings Conference Call.

Brixmor Property Group Inc. (BRX) Q1 2023 Earnings Call Transcript

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Essex Property Trust

We're now at the halfway point of real estate earnings season with roughly 60 equity REITs and 14 mortgage REITs representing 50% of the total market capitalization having reported first-quarter. Results thus far have been better than the prevailing narrative would suggest. Of the 49 REITs that provide guidance, 23 (47%) raised their full-year earnings outlook while 5 (10%) lowered.

REIT Earnings Halftime Report

Brixmor Property (BRX) came out with quarterly funds from operations (FFO) of $0.50 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to FFO of $0.49 per share a year ago.

Brixmor Property (BRX) Surpasses Q1 FFO and Revenue Estimates

- Continues to Deliver Strong Operating Metrics - NEW YORK , May 1, 2023 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today its operating results for the three months ended March 31, 2023.  For the three months ended March 31, 2023 and 2022, net income was $0.37 per diluted share and $0.26 per diluted share, respectively.

BRIXMOR PROPERTY GROUP REPORTS FIRST QUARTER 2023 RESULTS

NEW YORK , April 24, 2023 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) announced today the consideration payable in connection with the previously announced cash tender offer (the "Tender Offer") by its operating partnership, Brixmor Operating Partnership LP (the "Operating Partnership"), to purchase up to $199,648,000 (the "Tender Cap") aggregate principal amount of its outstanding 3.650% Senior Notes due 2024 (the "Notes"), as described in the table below. Title of Security CUSIP / ISIN Number Principal Amount Outstanding Tender Cap (Principal Amount) Reference U.S. Treasury Security Reference Yield Fixed Spread Early Tender Premium (per $1,000) Total Consideration (per $1,000) 3.650% Senior Notes due 2024 11120VAF0 / US11120VAF04 $500,000,000 $199,648,000 0.375% UST due April 15, 2024 4.787 % 135 bps $30 $972.98 The Tender Offer was made on the terms and conditions described in the Offer to Purchase, dated April 10, 2023 (as amended and as may be further amended or supplemented from time to time, the "Offer to Purchase").

BRIXMOR PROPERTY GROUP ANNOUNCES PRICING OF THE TENDER OFFER FOR 3.650% SENIOR NOTES DUE 2024

NEW YORK , April 24, 2023 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) announced today the early tender results for the previously announced cash tender offer (the "Tender Offer") by its operating partnership, Brixmor Operating Partnership LP (the "Operating Partnership"), to purchase up to $150,000,000 aggregate principal amount of its outstanding 3.650% Senior Notes due 2024 (the "Notes") and that the Operating Partnership has amended the Tender Offer by increasing the maximum aggregate principal amount of Notes that may be purchased in the Tender Offer to $199,648,000 (as amended, the "Tender Cap"). The following table sets forth some of the terms of the Tender Offer: Title of Security CUSIP / ISIN Number Principal Amount Outstanding Tender Cap (Principal Amount) Reference U.S. Treasury Security Bloomberg Reference Page(1) Fixed Spread Early Tender Premium (per $1,000) Principal Amount Tendered at Early Tender Deadline 3.650% Senior Notes due 2024 11120VAF0 / US11120VAF04 $500,000,000 $199,648,000 0.375% UST due April 15, 2024 FIT4 135 bps $30 $199,648,000   (1) The applicable page on Bloomberg from which the Dealer Manager named below will quote the bid side price of the Reference U.S. Treasury Security.

BRIXMOR PROPERTY GROUP ANNOUNCES EARLY TENDER RESULTS AND INCREASE IN TENDER CAP FOR TENDER OFFER FOR 3.650% SENIOR NOTES DUE 2024

Retail Opportunity Investments

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Media pundits frequently and sloppily equate office buildings with "commercial real estate," but the two are not equal. There's a lot more to CRE than half-empty downtown office towers. I am staying far, far away from office REITs, even if they seem like deep values right now.

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Grocery-Anchored Real Estate: Brixmor's Discipline Surpasses RPT's Value

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Spreads often are the source of opportunity. When a spread is wider or narrower than its natural state, it may be a good time to buy or sell, respectively.

Real Estate Spreads Are Out Of Whack: How To Take Advantage

News for Brixmor Property Group Stock (BRX)