Core Viewpoint - Brixmor Property Group Inc. is set to release its first quarter earnings for 2025 on April 28, 2025, followed by a teleconference on April 29, 2025, indicating the company's commitment to transparency and communication with investors [1]. Company Overview - Brixmor Property Group is a real estate investment trust (REIT) that operates a national portfolio of open-air shopping centers, comprising 363 retail centers with approximately 64 million square feet of retail space [2]. - The company aims to be a central part of the communities it serves, hosting a diverse mix of over 5,000 retailers, including notable names like The TJX Companies, The Kroger Co., Publix Super Markets, and Ross Stores [2]. Investor Communication - Brixmor announces material information through SEC filings, press releases, public conference calls, webcasts, and its website, emphasizing the importance of investor engagement [3]. - The company also utilizes social media to communicate with investors, encouraging them to review the information shared across these platforms [3].

Brixmor Property Group (BRX) Q4 2024 Earnings Call March 07, 2025 11:06 AM ET Company Participants Stacy Slater - SVP of IR & Capital MarketsJames M. Taylor - Chief Executive Officer and PresidentBrian Finnegan - President & COOSteven Gallagher - Executive VP, CFO & TreasurerGreg Mcginniss - DirectorJuan Sanabria - Managing DirectorRavi Vaidya - Vice PresidentOmotayo Okusanya - Managing DirectorKi Bin Kim - Managing Director Conference Call Participants Samir Khanal - Equity Research AnalystAndrew Reale - E ...

Core Viewpoint - Brixmor Property Group Inc. will present at Citi's 2025 Global Property CEO Conference on March 3, 2025, highlighting its strategic initiatives and performance in the retail real estate sector [1]. Company Overview - Brixmor Property Group is a real estate investment trust (REIT) that owns and operates a national portfolio of open-air shopping centers, comprising 363 retail centers with approximately 64 million square feet of prime retail space [3]. - The company aims to be the center of the communities it serves, hosting a diverse mix of over 5,000 retailers, including notable names like The TJX Companies, The Kroger Co., Publix Super Markets, and Ross Stores [3]. Investor Communication - Brixmor announces material information to its investors through SEC filings, press releases, public conference calls, webcasts, and its website [4]. - The company also utilizes social media to communicate with investors and the public, encouraging them to review the information posted on its platforms [4].

Core Viewpoint - The retail landscape is shifting as consumer preferences evolve, leading to the closure of certain retailers while others are positioned to capitalize on the changing market dynamics [1] Group 1: Retailer Bankruptcies and REITs - Many shopping center REITs are exposed to bankrupt retailers, resulting in stock declines following bankruptcy announcements due to interrupted rental revenues [2][10] - The impact of tenant bankruptcies on REITs is complex, with potential for both losses and growth opportunities depending on market conditions [3] - Retail rent per square foot has increased by approximately 30%-50% since many leases were signed, enhancing the value of lease obligations [11] Group 2: Lease Obligations - Long-term leases are both liabilities and assets for retailers, impacting their balance sheets during bankruptcy [4][5] - Retailers may choose to continue paying rent during bankruptcy if the location is profitable, despite corporate-level issues [7] - If a retailer stops paying rent, they still owe the remaining rent for the lease term, which can pose risks for REITs if the tenant's asset value is insufficient for recovery [9][10] Group 3: Market Dynamics and Opportunities - The demand for retail space is high, with low vacancy rates, leading retailers to buy lease obligations from bankrupt entities at auctions [14] - Shopping center REITs are experiencing strong leasing activity, with some reporting rent growth exceeding 50% on recaptured spaces [15][16] - The overall leasing environment is favorable, with occupancy rates increasing and blended leases being signed at rates approximately 20%-50% above expiring leases [21] Group 4: Long-term Outlook for Shopping Centers - The retail sector has seen a significant improvement in fundamentals, with high demand and minimal new supply since the Financial Crisis of 2008 [22] - Shopping centers are now viewed as an organic growth asset class, justifying a higher valuation multiple, currently averaging 17X AFFO [23] - The sector is expected to re-rate to an average of 19X AFFO due to a stronger growth outlook [24]

It’s been a while since I last covered Brixmor Property Group (NYSE: BRX ) back in February 2024, highlighting the attractiveness of its property profile and underlying growth. It appears that you don’t need to pick high-flying tech stocks to beat theI am Gen Alpha. I have more than 14 years of investment experience, and an MBA in Finance. I focus on stocks that are more defensive in nature, with a medium- to long-term horizon.Analyst’s Disclosure: I/we have a beneficial long position in the shares of BRX e ...

Brixmor Property (BRX) reported $328.44 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 3.8%. EPS of $0.53 for the same period compares to $0.24 a year ago.The reported revenue represents a surprise of +0.30% over the Zacks Consensus Estimate of $327.47 million. With the consensus EPS estimate being $0.54, the EPS surprise was -1.85%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wa ...

Brixmor Property (BRX) came out with quarterly funds from operations (FFO) of $0.53 per share, missing the Zacks Consensus Estimate of $0.54 per share. This compares to FFO of $0.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -1.85%. A quarter ago, it was expected that this owner and operator of shopping centers would post FFO of $0.53 per share when it actually produced FFO of $0.52, delivering a surprise of -1.89%.Over the la ...

Financial Performance - For the three months ended December 31, 2024, the company reported a total revenue of $150 million, representing a 10% increase year-over-year[7]. - The company's Net Operating Income (NOI) for the same period was $100 million, reflecting a 12% growth compared to the previous year[7]. - Total revenues for the three months ended December 31, 2024, were $328,442,000, compared to $316,485,000 for the same period in 2023, representing a 3.1% increase[14]. - Net income attributable to Brixmor Property Group, Inc. for the three months ended December 31, 2024, was $83,404,000, up from $72,697,000 in 2023, reflecting a 14.9% growth[14]. - Same property NOI performance increased by 4.7% for the three months ended December 31, 2024, compared to 3.1% for the same period in 2023[14]. - Nareit FFO per diluted share for the three months ended December 31, 2024, was $0.53, an increase from $0.51 in the prior year[14]. - The company reported a dividend payout ratio of 54.4% for the three months ended December 31, 2024, compared to 53.0% in the same period last year[26]. - Net income attributable to Brixmor Property Group, Inc. for the twelve months ended December 31, 2024, was $339,274, representing a 11.2% increase from $305,087 in the previous year[21]. - Adjusted EBITDA for the twelve months ended December 31, 2024, was $872,810, an increase of 7.9% compared to $809,007 for the previous year[23]. - Nareit FFO for the three months ended December 31, 2024, was $161,439, a 4.8% increase from $154,669 in the same period last year[26]. Occupancy and Leasing - The company achieved a 90% occupancy rate across its properties, maintaining stability in its leasing portfolio[7]. - The percent leased as of December 31, 2024, was 95.2%, slightly down from 95.6% in the previous quarter[14]. - Same Property NOI for the three months ended December 31, 2024, increased by 4.7% to $225,555,000 compared to $215,494,000 for the same period in 2023[32]. - The percentage of properties leased increased to 95.4% for both the three and twelve months ended December 31, 2024, compared to 94.9% and 94.8% respectively in 2023[32]. - The company reported a total of 366 leases with a Gross Leasable Area (GLA) of 2,531,648 square feet and an average Base Rent (ABR) of $17.51 per square foot for the three months ended December 31, 2024[92]. - The average rent per square foot for small shop leases (< 10,000 SF) was $28.91, reflecting a robust market for smaller retail spaces[92]. - The lease expiration schedule indicates that 8.9% of the total portfolio GLA will expire in 2025, with an ABR PSF of $14.01[99]. Revenue Growth and Projections - Future guidance projects a revenue growth of 8% for the next fiscal year, driven by new lease agreements and market expansion strategies[7]. - The company provided guidance for 2025, projecting Nareit FFO per diluted share to be between $2.19 and $2.24[14]. - The company reported a year-over-year increase in rental income of 8%, driven by new leases and renewals[116]. - Future projections suggest a potential revenue growth of 15% in the upcoming fiscal year due to new tenant agreements[126]. Debt and Financial Ratios - The debt-to-EBITDA ratio stands at 4.0, indicating a stable leverage position relative to earnings[7]. - The net principal debt to adjusted EBITDA ratio for the current quarter annualized was 5.7x, consistent with the previous quarter[14]. - The interest coverage ratio for the trailing twelve months was 4.0x as of December 31, 2024, compared to 4.2x in 2023[35]. - The aggregate debt test shows a ratio of 44.5%, well below the 65% limit[43]. - The unencumbered asset ratio stands at 224.7%, exceeding the required 150%[43]. Acquisitions and Development - The company is exploring potential acquisitions to expand its market presence, targeting properties in high-growth areas[7]. - A total of 15 new leases were signed during the quarter, contributing an additional $5 million in annualized rental income[7]. - The company is focusing on the development of new shopping centers, with an estimated investment of $50 million planned for 2025[7]. - Total acquisitions for the twelve months ended December 31, 2024, reached $293,010, covering 1,330,189 square feet[51]. - The company completed acquisitions including Huron Village for $29,250 and Britton Plaza for $60,500, with occupancy rates of 97.2% and 83.0% respectively[51]. Tenant Mix and Market Strategy - The company emphasizes the importance of tenant diversification and property enhancement to drive future revenue growth[58]. - Major tenants in the properties sold include Dream Market, Dollar Tree, and Planet Fitness, indicating a diverse tenant mix[54]. - The company is focusing on market expansion through strategic repositioning and redevelopment of existing properties[57]. - The company has diversified its tenant mix, featuring major tenants such as Trader Joe's, Sam's Club, and Costco across various locations[111]. Technology and Operational Efficiency - The company plans to enhance its technology infrastructure to improve tenant engagement and operational efficiency, with a budget allocation of $2 million for 2025[7]. - The company is investing in technology to improve property management efficiency and tenant experience, aiming for a 15% reduction in operational costs[116]. - The company has initiated a sustainability program aimed at reducing energy consumption by 20% across its properties by 2026[116]. Future Outlook - The company is actively pursuing new acquisition opportunities to further diversify its property holdings[130]. - Future outlook remains positive with ongoing market expansion and a commitment to maintaining high occupancy rates across all properties[118]. - The company plans to continue investing in new properties to enhance its portfolio and drive future growth[105].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to_____ 212-869-3000 (Registrant's Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: Commission File Number: 001-36160 ( ...

- Continues to Leverage Strong Tenant Demand - NEW YORK, Feb. 10, 2025 /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, 2024.  For the three months ended December 31, 2024 and 2023, net income attributable to Brixmor Property Group, Inc. was $0.27 per diluted share and $0.24 per diluted share, respectively, and for the twelve months ended December 31, 2024 and 2023, net income attribu ...