BRX
Brixmor Property Group Inc.25.57
-0.50-1.92%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
7.83BP/E (TTM)
23.68Basic EPS (TTM)
1.08Dividend Yield
0.04%Recent Filings
8-K
8-K
Brixmor Q3: Strong leasing, dividend hike
Brixmor Property Group reported solid Q3 2025 results, with net income at $0.31 per diluted share and Nareit FFO up to $0.56 per share on 4.0% same-property NOI growth. The company executed 1.5 million square feet of leases at 17.8% comparable spreads, hit record small shop occupancy of 91.4%, and completed $223 million in acquisitions offset by $81.2 million in dispositions. It boosted its quarterly dividend 7% to $0.3075 per share while narrowing 2025 FFO guidance to $2.23-$2.25. Leadership stays steady under interim CEO Brian Finnegan.
10-Q
Q3 FY2025 results
Brixmor's Q3 revenue climbed 6.3% year-over-year to $340.8M, fueled by 6.4% rental income growth from contractual escalations and 15.7% rent spreads on new and renewal leases, while same-property NOI rose 4.0% to $229.1M amid stable occupancy at 90.4% billed. Net income dipped slightly to $94.2M or $0.31 diluted EPS from $96.8M or $0.32 last year, pressured by a $16.1M impairment on one property tied to hold-period shifts, yet gains from $40.0M in dispositions offset higher depreciation. Acquisitions totaled $229.9M including the 409K sq ft LaCenterra at Cinco Ranch in July for $222.4M, recognizing $45.9M in-place leases amortized over 5.6 years, while operating cash flow hit $479.8M year-to-date. Debt stands at $5.5B net with $1.25B revolver availability and $332M cash; no covenant issues. Tenant financial stability poses a key risk.
8-K
CEO takes medical leave
Brixmor Property Group announced on October 16, 2025, that CEO James M. Taylor Jr. is taking a temporary medical leave of absence, effective immediately. Brian T. Finnegan, the president and COO, steps in as interim CEO until Taylor's return. The board expresses confidence in the seasoned team's ability to execute the business plan amid this transition. No disruptions to operations are anticipated.
8-K
Brixmor issues $400M notes
Brixmor Operating Partnership LP completed a $400 million offering of 4.850% senior notes due 2033 on September 9, 2025, following the September 4 announcement. The unsecured notes, issued via a supplemental indenture with The Bank of New York Mellon, carry semi-annual interest from February 2026 and mature February 15, 2033, with optional redemption starting December 15, 2032 at par. Proceeds fund general corporate needs, including debt repayment. Covenants limit indebtedness while requiring 150% unencumbered assets coverage. Notes rank equally with existing unsecured debt.
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