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.

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Brixmor Property Group excels in Q4 2022, poised for sustained growth

Brixmor Property Group's Q4 2022 performance reflects strong financial metrics and strategic initiatives positioning the company for continued growth.
While facing challenges such as revenue detraction and market uncertainties, Brixmor leverages its strengths in lease management and capital allocation for value creation.
Opportunities in revenue visibility, tenant diversification, and operational efficiency offer avenues for sustained growth and portfolio enhancement.
Overall, Brixmor's performance, strengths, and strategic focus indicate a positive trajectory for future financial success and value creation.

Brixmor Property Group excels in Q1 with record occupancy and strong leasing spreads

Brixmor Property Group's Q1 2023 earnings call highlighted strong financial performance, strategic leasing initiatives, and a positive outlook for the year. The company's focus on high-traffic tenants, renewal spreads, and proactive portfolio management positions it well for growth and value creation.

Brixmor Property Group posts strong Q2 results amidst strategic growth

Brixmor Property Group's Q2 performance reflects resilience and growth, driven by strong tenant demand and strategic leasing strategies.
While challenges like decelerating FFO and mix issues in lease spreads exist, the company is well-positioned to capitalize on opportunities in pharmacy real estate and redevelopment projects.
By focusing on optimizing centers and driving growth through tailored tenant mixes, Brixmor aims to continue its positive trajectory and enhance shareholder value.

Brixmor Property Group (BRX) excels in Q3 2023 with strong leasing performance and robust financial outlook

Brixmor Property Group (BRX) delivers a strong performance in Q3 2023, driven by robust leasing activity, high occupancy rates, and positive financial outlook, supported by a diverse tenant mix.
While facing challenges such as redevelopment impacts and upcoming interest costs, Brixmor leverages its strengths in attracting quality tenants, maintaining liquidity, and optimizing operational efficiency.
The company is well-positioned to capitalize on opportunities in the market, including lease expansions, financial optimizations, and sustained retailer demand, ensuring continued growth and stability.
Investors can be optimistic about Brixmor's performance, given its solid financial fundamentals, strategic initiatives, and resilience in navigating market dynamics, signaling a promising outlook for future growth.

Brixmor Property Group posts strong earnings, eyes strategic partnerships

BRX delivered a robust performance with record metrics and financial stability in Q4 2023.
While facing challenges like tenant disruptions and lease expirations, the company maintains a positive outlook.
Opportunities lie in strategic partnerships, redevelopment projects, and lease renewal strategies for future growth.

Brixmor Property Group excels in Q1, eyes growth opportunities

Brixmor Property Group's Q1 earnings call reflects a solid performance, emphasizing operational excellence, strategic growth initiatives, and a focus on value creation. The company's strengths lie in strong leasing metrics, retention rates, and a disciplined approach to capital deployment. Challenges include market uncertainties and evolving consumer preferences, while opportunities abound in external growth, tenant demand trends, and strategic acquisitions.

Brixmor Property Group excels in Q2 2024, eyes growth opportunities

Brixmor Property Group delivered a strong performance in Q2 2024, marked by record occupancy, revenue growth, and FFO increase, underpinned by strategic acquisitions and prudent capital allocation.
The company's balance sheet strength, liquidity position, and portfolio transformation success position it well for future growth and value creation, despite potential challenges in tenant management and market dynamics.
Opportunities lie in exploring development projects, refining acquisitions strategy, and optimizing operational efficiency to drive sustained performance and shareholder value.

Brixmor Property Group excels in Q3, raises 2024 guidance

Brixmor Property Group's Q3 2024 performance showcased strength in key operational metrics, supported by strategic initiatives and a healthy financial position. While challenges like restructuring costs and analyst inquiries persist, the company is well-positioned to capitalize on growth opportunities and drive value for shareholders.

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

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

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

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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

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

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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

NEW YORK , April 10, 2023 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) announced today that its operating partnership, Brixmor Operating Partnership LP (the "Operating Partnership"), commenced a cash tender offer (the "Tender Offer") to purchase up to $150 million aggregate principal amount (the "Tender Cap") of its outstanding 3.650% Senior Notes due 2024 (the "Notes").

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

Brixmor owns a sizable collection of strip malls, many of which have redevelopment opportunities. Federal Realty owns a modest collection of strip malls and mixed-use developments, in which it invests in redevelopment.

3 Simple Reasons Federal Realty Is a Better Dividend Investment Than Brixmor

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NEW YORK , March 22, 2023 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) today announced that it will release its 2023 first quarter earnings on Monday, May 1, 2023 after the market close.  Brixmor will host a teleconference on Tuesday, May 2, 2023 at 10:00 AM ET.

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

NEW YORK , March 15, 2023 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today the promotion of Greg Finley, an experienced real estate professional and respected leader, to Executive Vice President - President, West, effective March 20, 2023. In this role, he will oversee the development and execution of long-term business plans for more than 14 million square feet of open-air retail properties, including leasing, reinvestment, and specialty leasing activities.

BRIXMOR PROPERTY GROUP PROMOTES GREG FINLEY TO LEAD WEST REGION

Brixmor Property Group has an interest in a large portfolio of open-air shopping centers leased to a large, diversified tenant base. The company posted stellar results in 2022, including record occupancy levels, notably within their smaller class of tenants.

Brixmor: Internal Growth Opportunities Provide Attractive Tailwinds

NEW YORK , Feb. 22, 2023 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) today announced that the Company will present at Citi's 2023 Global Property CEO Conference Tuesday, March 7, 2023 from 2:20 PM ET to 2:55 PM ET. Event: Brixmor Property Group Presentation at Citi's 2023 Global Property CEO Conference When: 2:20 PM ET, Tuesday, March 7, 2023 Live Webcast: Citi's 2023 Global Property CEO Conference under the Investors tab at https://www.brixmor.com A replay of the webcast will be available through March 7, 2024.

BRIXMOR PROPERTY GROUP TO PRESENT AT CITI's 2023 GLOBAL PROPERTY CEO CONFERENCE

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Risks Of 'No Landing'

Brixmor Property Group Inc. (NYSE:BRX ) Q4 2022 Earnings Conference Call February 14, 2023 9:30 AM ET Company Participants Stacy Slater - SVP-IR and Capital Markets Jim Taylor - CEO and President Angela Aman - EVP and CFO Mark Horgan - EVP and CIO Brian Finnegan - EVP and CRO Conference Call Participants Craig Schmidt - Bank of America Todd Thomas - KeyBanc Capital Juan Sanabria - BMO Capital Ki Bin Kim - Truist Greg McGinniss - Scotiabank Anthony Powell - Barclays Craig Mailman - Citi Haendel St Juste - Mizuho Alexander Goldfarb - Piper Sandler Floris van Dijkum - Compass Point Mike Mueller - JPMorgan Tayo Okusanya - Credit Suisse Linda Tsai - Jefferies Operator Greetings and welcome to Brixmor Property Group Incorporated Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Brixmor Property Group Inc. (BRX) Q4 2022 Earnings Call Transcript

Brixmor (BRX) delivered FFO and revenue surprises of 0% and 0.91%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Brixmor Property (BRX) Meets Q4 FFO Estimates

- Delivered Record Total and Small Shop Leased Occupancy - NEW YORK , Feb. 13, 2023 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today its operating results for the three and twelve months ended December 31, 2022.  For the three months ended December 31, 2022 and 2021, net income was $0.35 per diluted share and $0.27 per diluted share, respectively, and for the twelve months ended December 31, 2022 and 2021, net income was $1.17 per diluted share and $0.90 per diluted share, respectively.

BRIXMOR PROPERTY GROUP REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS

News for Brixmor Property Group Stock (BRX)