Brixmor Property Group koupí Slate Grocery REIT v transakci za 2,34 mld. USD. Firma očekává, že obchod bude od uzavření okamžitě zvyšovat FFO na akcii.
Brixmor Property Group NYSE: BRX said it has entered definitive agreements with Everview Partners to acquire Slate Grocery REIT, a Canadian-listed owner of U.S. grocery-anchored shopping centers, in a transaction valued at $2.34 billion.
Under the transaction structure, Brixmor will directly acquire 23 grocery-anchored shopping centers comprising about 3 million square feet for $636 million. A newly formed joint venture between Brixmor and affiliates of Everview will acquire the remaining 92 properties, totaling about 12 million square feet, for $1.71 billion.
Brixmor will hold a 20% interest in the joint venture, while Everview will own 80%. The company will serve as the venture’s asset manager, property manager and leasing representative, creating recurring fee income. Brixmor also plans to make a $174 million preferred-equity investment in the venture carrying a 9% dividend.
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The transaction has been approved by Brixmor’s board and Slate’s board of trustees and is expected to close in the first quarter of 2027, subject to Slate unitholder approval and customary closing conditions.
Portfolio Focused on Grocery-Anchored Retail CEO and President Brian Finnegan said the acquisition fits Brixmor’s strategy of investing in grocery-anchored, open-air retail centers and applying its leasing, redevelopment and operating platform to drive growth.
The 23 properties Brixmor will own outright are 96% leased and located entirely within the company’s current footprint, with concentrations in Florida, Georgia and the Carolinas. The portfolio is fully grocery anchored, with tenants including Publix, Harris Teeter and Kroger.
The joint venture’s 92 properties are 94% grocery anchored, and about 70% are located in markets where Brixmor already operates. Finnegan said the company expects to use its retailer relationships and leasing platform to pursue long-term net operating income growth across both portfolios consistent with Brixmor’s long-term 4% growth expectation.
Management cited several potential value-creation opportunities, including small-shop leasing, merchandising changes, rent growth, redevelopment, improved expense recoveries and specialty income. While the overall acquired portfolio is substantially occupied, Finnegan said small-shop occupancy is 88%, presenting an opportunity for improvement.
In-place rents across the portfolios average more than 30% below Brixmor’s current portfolio, management said, and several legacy anchor leases carry rents below $9 per square foot. Slate also generated mid-teens renewal growth in the past year and new-lease growth near 40%, according to Finnegan.
Redevelopment and Pricing Brixmor identified about $100 million of redevelopment and outparcel-development opportunities in the directly acquired portfolio. Those projects include multiple Publix redevelopments in high-growth Southeastern markets, and Finnegan said the company expects to begin pursuing some opportunities immediately after closing.
The company characterized the overall transaction as priced at a low-7% yield. Finnegan said the directly acquired real estate carries a cap rate in the high-6% range, while the joint venture properties are priced at a low- to mid-7% cap rate. The yield on Brixmor’s overall investment includes the preferred-equity investment and a conservative estimate of recurring fee income, management said.
Chief Investment Officer Mark Horgan said the real estate yields discussed on the call were before fees and that Brixmor views the portfolio as attractively priced relative to current pricing for individual open-air retail assets. Finnegan also cited a purchase price of approximately $155 per square foot, which he said is below replacement cost.
The company said the transaction will be immediately accretive to Nareit funds from operations per share and accretive to adjusted funds from operations and free cash flow from day one. Management said it expects to provide more detailed accretion guidance when it issues 2027 guidance and closes the transaction.
Funding Plan and Joint Venture Leverage Brixmor said it has sized its investment at approximately $1 billion, including its preferred-equity investment, to limit capital-markets dependency. The company has $1 billion in interim financing commitments and reported $1.5 billion of liquidity at the end of the second quarter.
The company expects to fund approximately $300 million with cash on hand, including $115 million of unsettled forward at-the-market proceeds. About $500 million is expected to come from debt, including roughly $95 million of assumed mortgages, while normal capital recycling is expected to fund the remainder. Brixmor said it does not expect to need to issue equity at current trading levels.
Finnegan said Brixmor intends to maintain leverage consistent with recent levels, targeting low- to mid-5-times debt to EBITDA in 2027. The joint venture will carry more leverage than Brixmor’s wholly owned balance sheet assets. Horgan said the venture is expected to assume about $513 million of mortgage debt with maturities into the 2030s and rates in the low-4% range, with overall joint venture leverage expected in the low-60% range.
While Brixmor does not plan to sell any of the 23 wholly owned assets, Finnegan said the joint venture may pursue some strategic dispositions as part of its business plan. He added that Brixmor does not expect adverse tax implications from the transaction.
Management said the joint venture structure enabled Brixmor to preserve financial flexibility while partnering with Everview, whose investment group includes ADIA. Finnegan said the structure also could provide Brixmor with potential future acquisition opportunities from the joint venture portfolio.
About Brixmor Property Group (NYSE:BRX)Brixmor Property Group Inc NYSE: BRX is a real estate investment trust that owns and operates open-air shopping centers in the United States. Its properties are generally anchored by grocery stores and serve communities with a mix of essential retail, dining, service, and other consumer-oriented businesses.
The company's activities include leasing retail space, managing shopping-center operations, and investing in property redevelopment and improvements. Brixmor focuses on maintaining well-located centers and strengthening tenant mixes to support the long-term needs of the communities in which its properties are located.
Brixmor was formed in 2011 and became a publicly traded company in 2013.
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Brixmor Property Group a Everview Partners koupí Slate Grocery REIT za 2,34 miliardy USD. Brixmor získá 23 center za 636 milionů USD a podíl v dalších 92 aktivech prostřednictvím joint venture.
- Brixmor to Acquire 23 Grocery-Anchored Shopping Centers in Existing Markets for $636 Million –
- Capital Efficient Strategic Joint Venture with Everview Partners to Acquire an Additional 92 Centers for $1.71 Billion -
- Provides Immediate Earnings Accretion to Brixmor and Leverages Brixmor's Best-in-Class Operating Platform at Scale –
, /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor") and Everview Partners ("Everview") announced today they have entered into definitive agreements to acquire Slate Grocery REIT in a transaction valued at $2.34 billion. Under the terms of the transaction and joint venture agreements, Brixmor will effectively acquire a portfolio of 23 grocery-anchored shopping centers (the "Brixmor Portfolio") aggregating approximately three million square feet for $636 million, and a newly formed institutional joint venture between Brixmor and affiliates of Everview Partners will acquire the remaining 92 assets (the "Joint Venture Portfolio") for $1.71 billion. Additionally, a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will act as a strategic investor alongside Everview in the transaction. The 23-asset portfolio Brixmor is acquiring is approximately 96% leased and located entirely within Brixmor's existing operating footprint, predominantly across Florida, Georgia, and the Carolinas.
"This immediately accretive transaction is directly aligned with our growth strategy, adding 23 grocery-anchored centers in markets we know well, with long-standing grocer relationships we plan to grow, while further leveraging our operating platform in a capital efficient joint venture with Everview. Across both the wholly owned and joint venture assets, we see meaningful embedded value through below-market rents and a robust pipeline of remerchandising, redevelopment, and outparcel opportunities. We believe our extensive retailer relationships and proven execution capabilities will position us to unlock that value and generate meaningful cash flow growth over time," commented Brian T. Finnegan, Brixmor's Chief Executive Officer and President. "We are pleased to partner with Everview and look forward to leveraging our combined strengths to capitalize on the significant opportunities across this portfolio. We'd also like to thank the Special Committee of Slate Grocery REIT for their diligence throughout this process, which we believe resulted in a strong outcome for all parties involved."
Billy Rahm, Everview's Founder and Chief Executive Officer, stated, "This transaction reflects our conviction in grocery-anchored, open-air retail, which we expect will continue to benefit from limited new supply and durable tenant demand. We believe the portfolio is a high-quality collection of centers in attractive markets with meaningful embedded upside. We are excited to be acquiring it alongside Brixmor, whose strong operating platform, retailer relationships, and redevelopment capability make them a great partner."
Under the terms of the applicable transaction and joint venture agreements:
Brixmor will acquire 23 grocery-anchored shopping centers (representing a 100% interest in 22 centers and a 50% interest in one center) aggregating approximately three million square feet and located entirely within Brixmor's existing operating footprint, predominantly across Florida, Georgia, and the Carolinas. Brixmor will hold a 20% common equity interest and Everview will hold an 80% common equity interest in 92 shopping centers aggregating approximately 12 million square feet. Brixmor will also serve as the asset manager, property manager, and leasing representative for the Joint Venture Portfolio. Brixmor will also make a preferred equity investment of approximately $174 million in the joint venture, which will generate a 9% dividend. The transaction, which is not subject to any financing conditions, has been approved by Brixmor's Board of Directors and Slate's Board of Trustees and is expected to close in the first quarter of 2027, subject to the receipt of approval of Slate unitholders and satisfaction of other customary closing conditions. Concurrent with the issuance of this release, Brixmor filed a Form 8-K with the SEC describing the relevant agreements in more detail.
The transaction strengthens Brixmor's strategic position and long-term growth prospects by:
Adding highly complementary assets to Brixmor's existing portfolio: The Brixmor Portfolio is 100% grocery-anchored, including by Publix, Harris Teeter, and Kroger, increasing Brixmor's exposure to leading operators, and is located entirely within Brixmor's existing footprint, strengthening its position in high-conviction markets. Enhancing Brixmor's visible multi-year growth profile: The portfolios have meaningful occupancy and mark-to-market opportunities, with in-place rents averaging 32 percent less than Brixmor's current portfolio. In addition, Brixmor has identified approximately $100 million of redevelopment and outparcel development opportunities within the Brixmor Portfolio, including several potential Publix redevelopment projects, consistent with one of Brixmor's core value-creation capabilities. The portfolios are projected to generate long-term NOI growth consistent with Brixmor's stated long-term growth expectation of 4%. Growing and leveraging Brixmor's operating platform at scale: The transaction leverages Brixmor's national infrastructure, operating expertise, and retailer relationships to unlock value through leasing and operational initiatives. In addition, the joint venture is expected to generate attractive recurring fee income, including asset management, property management, and leasing fees. The joint venture will also create a potential pipeline of future acquisition opportunities for Brixmor. Generating immediate earnings accretion with balance sheet discipline: The transaction is expected to be immediately accretive to Brixmor's Nareit FFO per share. The capital efficient structure is consistent with Brixmor's commitment to maintaining a strong investment-grade balance sheet, while preserving capacity for future investment opportunities. RBC Capital Markets, LLC is acting as lead financial advisor and Wells Fargo Securities is acting as a financial advisor to Brixmor and to the joint venture entity formed by Brixmor and Everview for purposes of the transaction. Cushman & Wakefield is acting as real estate advisor, and Hogan Lovells Cadwalader US LLP is acting as legal counsel to Brixmor. Simpson Thacher & Bartlett LLP is acting as legal advisor to Everview. Davies Ward Phillips & Vineberg LLP is acting as Canadian counsel for Brixmor and Everview. Royal Bank of Canada has provided Brixmor with a bridge commitment to fully fund Brixmor's required capital for the transaction for both the Brixmor Portfolio and Joint Venture Portfolio. Wells Fargo Bank, N.A., as Administrative Agent, and Royal Bank of Canada have provided a debt commitment to the joint venture. Wells Fargo Securities and Royal Bank of Canada will serve as Joint Bookrunners for the joint venture financing.
CONFERENCE CALL AND PRESENTATION INFORMATION
Brixmor will host a teleconference today, September 28, 2026 at 8:30 AM ET to discuss the transaction. To participate, please dial 877.704.4453 (domestic) or 201.389.0920 (international) within 15 minutes of the scheduled start of the call. The teleconference can also be accessed via a live webcast at https://www.brixmor.com in the Investors section. A replay of the teleconference will be available through October 12, 2026 by dialing 844.512.2921 (domestic) or 412.317.6671 (international) (Passcode: 13762791) or via the web through September 28, 2027 at https://www.brixmor.com in the Investors section.
A Presentation with additional details will be posted at https://www.brixmor.com in the Investors section.
ABOUT BRIXMOR PROPERTY GROUP
Brixmor (NYSE: BRX) owns and operates a high-quality, national portfolio of open-air shopping centers. Brixmor's 346 retail centers comprise approximately 63 million square feet of prime retail space in established trade areas. Brixmor's properties reflect its vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional, and local retailers. Brixmor is a valued partner to a broad range of retailers, including The TJX Companies, The Kroger Co., Publix Super Markets and Ross Stores.
Brixmor announces material information to its investors in SEC filings and press releases and on public conference calls, webcasts and the "Investors" page of its website at https://www.brixmor.com. Brixmor also uses social media to communicate with its investors and the public, and the information Brixmor posts on social media may be deemed material information. Therefore, Brixmor encourages investors and others interested in Brixmor to review the information that it posts on its website and on its social media channels.
ABOUT EVERVIEW PARTNERS
Everview Partners, L.P. is a private investment management firm founded in 2024 on the belief that applying both private equity and credit expertise to real asset investments could yield enduring performance across market cycles. Everview invests across the capital structure in real asset companies and properties and seeks to partner with talented business leaders to drive sustainable growth and profitability. For more information, please visit www.everviewcap.com.
ABOUT ADIA
Established in 1976, the Abu Dhabi Investment Authority (ADIA) is a globally-diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation. For more information: https://www.adia.ae.
SAFE HARBOR LANGUAGE
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, and other non-historical statements. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "projects," "predicts," "intends," "plans," "estimates," "anticipates," or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include, but are not limited to, those described under the sections entitled "Forward-Looking Statements" and "Risk Factors" in our Form 10-K for the year ended December 31, 2025, as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission (the "SEC"), which are accessible on the SEC's website at https://www.sec.gov. These factors include (1) the ability of us and the new joint venture to successfully consummate the Slate Grocery REIT transaction, or to do so in the expected timeframe; (2) the ability of us and the new joint venture to realize the expected benefits of the transaction, including the anticipated Nareit FFO accretion benefits; (3) our ability to integrate the operations of the properties we are acquiring in the transaction and to manage the new joint venture; (4) changes in national, regional, and local economies, due to global events such as international geopolitical conflicts, international trade disputes, a foreign debt crisis, foreign currency volatility, or due to domestic issues, such as government policies and regulations, tariffs, energy prices, market dynamics, general economic contractions, ongoing levels of inflation and interest rates, unemployment, or limited growth in consumer income or spending; (5) local real estate market conditions, including an oversupply of space in, or a reduction in demand for, properties similar to those in our Portfolio (defined hereafter); (6) competition from other available properties and e-commerce; (7) disruption and/or consolidation in the retail sector, the financial stability of our tenants, and the overall financial condition of large retailing companies, including their ability to pay rent and/or expense reimbursements that are due to us; (8) in the case of percentage rents, the sales volumes of our tenants; (9) increases in property operating expenses, including common area expenses, utilities, insurance, and real estate taxes, which are relatively inflexible and generally do not decrease if revenue or occupancy decrease; (10) increases in the costs to repair, renovate, and re-lease space; (11) earthquakes, wildfires, tornadoes, hurricanes, damage from rising sea levels due to climate change, other natural disasters, epidemics and/or pandemics, civil unrest, terrorist acts, or acts of war, any of which may result in uninsured or underinsured losses; (12) changes in laws and governmental regulations, including those governing usage, zoning, the environment, privacy, data security, intellectual property rights, and taxes; and (13) cybersecurity incidents or other disruptions to information technology systems used by us, our tenants, or our vendors, which could compromise data or impair business operations. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our periodic filings. The forward-looking statements speak only as of the date of this press release, and we expressly disclaim any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except to the extent otherwise required by law.
NON-GAAP PERFORMANCE MEASURES
Nareit FFO and same property NOI are non-GAAP performance measures. These measures should not be considered as alternatives to, or more meaningful than, net income (calculated in accordance with GAAP) or other GAAP financial measures, as an indicator of financial performance and are not alternatives to, or more meaningful than, cash flow from operating activities (calculated in accordance with GAAP) as a measure of liquidity. Non-GAAP performance measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should always be considered as supplemental financial results to those calculated in accordance with GAAP. Brixmor's computation of these non-GAAP performance measures may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to similarly titled measures presented by such other REITs. Investors are cautioned that items excluded from these non-GAAP performance measures are relevant to understanding and addressing financial performance. Refer to Brixmor's SEC periodic reports for definitions and reconciliations of these measures.
Adelante Capital Management ve 2. čtvrtletí koupila nový podíl v Brixmor Property Group za 36,219 milionu USD a drží 1 148 695 akcií. Brixmor zároveň vyplatila čtvrtletní dividendu 0,3075 USD na akcii.
Adelante Capital Management LLC purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,148,695 shares of the real estate investment trust’s stock, valued at approximately $36,219,000. Brixmor Property Group accounts for 2.4% of Adelante Capital Management LLC’s portfolio, making the stock its 12th largest position. Adelante Capital Management LLC owned 0.37% of Brixmor Property Group as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRX. Cassaday & Co Wealth Management LLC bought a new position in shares of Brixmor Property Group during the first quarter worth approximately $26,000. Jones Financial Companies Lllp bought a new position in Brixmor Property Group during the 2nd quarter worth $29,000. Allworth Financial LP acquired a new position in Brixmor Property Group in the 2nd quarter valued at $29,000. Clearstead Advisors LLC lifted its position in shares of Brixmor Property Group by 96.9% during the 4th quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 495 shares during the period. Finally, Loomis Sayles & Co. L P increased its position in shares of Brixmor Property Group by 1,215.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 1,130 shares during the period. 98.43% of the stock is owned by institutional investors.
Brixmor Property Group Trading Down 0.3% Shares of Brixmor Property Group stock opened at $29.40 on Thursday. The company has a market capitalization of $9.02 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98. The stock has a fifty day simple moving average of $31.07 and a 200 day simple moving average of $30.36. Brixmor Property Group Inc. has a 12-month low of $24.66 and a 12-month high of $32.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76.
Brixmor Property Group (NYSE:BRX – Get Free Report) last released its earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.34). Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The business had revenue of $354.20 million during the quarter, compared to the consensus estimate of $354.39 million. During the same period in the prior year, the company earned $0.56 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. On average, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.36 earnings per share for the current fiscal year. Brixmor Property Group Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be given a $0.3075 dividend. This represents a $1.23 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, October 2nd. Brixmor Property Group’s payout ratio is currently 87.86%.
Wall Street Analyst Weigh In Several equities research analysts have weighed in on the company. Evercore upgraded Brixmor Property Group to a “strong-buy” rating in a research note on Wednesday, April 29th. Stifel Nicolaus upped their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, July 28th. UBS Group increased their target price on Brixmor Property Group from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Jefferies Financial Group upgraded shares of Brixmor Property Group to a “strong-buy” rating in a report on Friday, June 26th. Finally, Citigroup boosted their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.
View Our Latest Stock Report on Brixmor Property Group
(Free Report)
Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.
The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.
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Amundi raised its position in Brixmor Property Group Inc. (NYSE:BRX – Free Report) by 24.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 226,148 shares of the real estate investment trust’s stock after buying an additional 44,965 shares during the quarter. Amundi owned about 0.07% of Brixmor Property Group worth $6,513,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Brixmor Property Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 44,986,376 shares of the real estate investment trust’s stock valued at $1,179,543,000 after buying an additional 198,567 shares in the last quarter. State Street Corp grew its stake in shares of Brixmor Property Group by 0.5% during the second quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock worth $408,813,000 after buying an additional 81,497 shares during the last quarter. Centersquare Investment Management LLC increased its holdings in shares of Brixmor Property Group by 22.5% during the fourth quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock worth $324,722,000 after buying an additional 2,275,242 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Brixmor Property Group by 6.8% during the third quarter. Invesco Ltd. now owns 8,036,728 shares of the real estate investment trust’s stock worth $222,457,000 after buying an additional 511,976 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Brixmor Property Group by 49.6% in the 3rd quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock valued at $177,041,000 after acquiring an additional 2,119,890 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.
Brixmor Property Group Stock Performance NYSE:BRX opened at $30.91 on Thursday. The company has a fifty day moving average of $31.49 and a 200-day moving average of $30.03. The firm has a market capitalization of $9.48 billion, a P/E ratio of 22.08, a P/E/G ratio of 2.36 and a beta of 0.98. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.76. Brixmor Property Group Inc. has a twelve month low of $24.66 and a twelve month high of $32.86.
Brixmor Property Group (NYSE:BRX – Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.34). The company had revenue of $354.20 million during the quarter, compared to the consensus estimate of $354.39 million. Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. As a group, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.36 EPS for the current year.
Brixmor Property Group Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be issued a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, October 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 87.86%.
Analyst Ratings Changes A number of analysts have recently commented on BRX shares. Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a research note on Friday, July 31st. Evercore raised Brixmor Property Group to a “strong-buy” rating in a research note on Wednesday, April 29th. Citigroup raised their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a “neutral” rating in a report on Monday. UBS Group lifted their target price on shares of Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Truist Financial upped their price target on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brixmor Property Group has a consensus rating of “Moderate Buy” and an average price target of $34.00.
Read Our Latest Stock Analysis on BRX
Brixmor Property Group Company Profile (Free Report)
Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.
The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.
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EVgo a Brixmor rozšiřují partnerství o více než 500 nových rychlonabíjecích stanic v USA. Po dokončení bude EVgo přítomno v nejméně 90 nákupních centrech Brixmor.
LOS ANGELES, Aug. 03, 2026 (GLOBE NEWSWIRE) -- EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), and Brixmor Property Group Inc. (NYSE: BRX) are expanding their partnership to add more than 500 new EVgo fast charging stalls in the U.S. Once complete, at least 90 Brixmor shopping centers — more than 25% of their portfolio — will feature EVgo fast chargers, building upon the companies’ long-standing partnership.
New locations for the EVgo chargers include Florida, Illinois, Minnesota, New Jersey, Pennsylvania, and Texas. Deployment will begin later this year with the first site of the expanded partnership expected in Barn Plaza, a Philadelphia suburb.
“Drivers across the U.S. want infrastructure options that integrate seamlessly into their routines, and shopping centers are an ideal place to get groceries, grab a bite or shop while charging,” said Scott Levitan, Executive Vice President, Growth at EVgo. “Expanding our partnership with Brixmor will help make EV charging even more accessible for drivers across the country while supporting the growing demand for public charging in everyday, convenient locations.”
The new Brixmor sites will feature up to 12 high-power EVgo chargers, an ideal fit for grocery store locations that the average American household visits 2-3 times per week.1 Installing EV infrastructure not only provides convenience for drivers, but it also directly benefits nearby businesses by delivering increased foot traffic and customer spending.2
“At Brixmor, we're committed to ensuring our shopping centers continue to meet the evolving needs of our customers and communities,” said Laura McLaughlin, VP, Specialty Leasing, Brixmor Property Group. “Expanding EV charging infrastructure across our portfolio enhances convenience, supports growing consumer demand and reinforces our focus on creating vibrant destinations where people can seamlessly shop, dine and access everyday services.”
EVgo deployed its first charger with Brixmor in 2016 at a shopping center in Pleasanton, California.
1 FMI
2 Consumer Reports
About EVgo
EVgo (NASDAQ: EVGO) is one of the nation’s leading public fast charging providers. With more than 1,200 fast charging stations across 47 states, EVgo strategically deploys localized and accessible charging infrastructure by partnering with leading businesses across the U.S., including retailers, grocery stores, restaurants, shopping centers, gas stations, rideshare operators and autonomous vehicle companies. At its dedicated Innovation Lab, EVgo performs extensive interoperability testing and has ongoing technical collaborations with leading automakers and industry partners to advance the EV charging industry and deliver a seamless charging experience.
Forward Looking Statement
This press release contains forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to: EVgo’s plans, projections, and expectations regarding its partnership with Brixmor; EVgo’s product capabilities, features, availability, performance, and expected benefits, including for EVgo’s customers; and the speed and scope of EVgo’s infrastructure deployment at Brixmor properties. Forward-looking statements are based on EVgo’s management’s current assumptions, expectations, and beliefs and are not guarantees of future performance. These statements are subject to a number of risks, uncertainties, and assumptions, including those described under the heading “Risk Factors” and elsewhere in our most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K filed with the Securities and Exchange Commission. In light of these risks, uncertainties, and assumptions, actual results could differ materially and adversely from those anticipated or implied by the forward-looking statements. You should not rely on forward-looking statements as predictors of future results. Any forward-looking statements in this release are based on the limited information currently available to EVgo as of the date hereof, which is subject to change, and EVgo does not undertake any obligation to update these statements, even if new information becomes available in the future.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e94cf205-dc07-437c-8aa5-f659e7c0f2c0
EVgo and Brixmor Expand Partnership to Provide More Fast Charging Choices for American Shoppers More than 500 new EVgo stalls to be added at Brixmor shopping centers across the U.S.
Brixmor Property vykázala za čtvrtletí výnosy 354,2 mil. USD, o 4,3 % meziročně více, a EPS 0,58 USD oproti 0,28 USD loni. Výnosy také mírně překonaly odhad Wall Street.
Brixmor Property (BRX - Free Report) reported $354.2 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 4.3%. EPS of $0.58 for the same period compares to $0.28 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $351.93 million, representing a surprise of +0.65%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.58.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Brixmor performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Other revenues: $0.31 million compared to the $0.32 million average estimate based on four analysts. The reported number represents a change of +223.2% year over year.Revenues- Rental income: $353.89 million compared to the $353.07 million average estimate based on four analysts. The reported number represents a change of +4.3% year over year.Income (loss) attributable to common stockholders- Diluted: $0.24 compared to the $0.25 average estimate based on two analysts.View all Key Company Metrics for Brixmor here>>>
Shares of Brixmor have remained unchanged over the past month versus the Zacks S&P 500 composite's +0.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
, /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today investment activity for the three and six months ended June 30, 2026. This activity reflects Brixmor's disciplined strategy of clustering its portfolio in attractive markets where the Company can leverage its platform to deliver long-term value and earnings growth, while harvesting assets where value has been maximized.
"We've remained focused on putting capital to work in markets we know best, buying assets where we have conviction in both near-term opportunity and long-term upside," commented Mark T. Horgan, Executive Vice President and Chief Investment Officer. "These acquisitions build on our clustering strategy and provide us additional pathways to create value over time through leasing, reinvestment, and densification. Notably, the Mayfair Shopping Center transaction was a milestone for the Company as we issued OP units to fund an acquisition for the first time in our history, expanding our capital toolkit in a meaningful way."
INVESTMENT ACTIVITY
Acquisitions
During the three and six months ended June 30, 2026, the Company acquired four shopping centers for a combined purchase price of $164.3 including: Mayfair Shopping Center, an approximately 221,000 square foot grocery-anchored community center located in the affluent Long Island suburb of Commack, New York, for $70.0 million, including approximately $30.5 million of partnership units ("OP units") of the Company's operating partnership, Brixmor Operating Partnership LP, and the assumption of approximately $30.5 million of indebtedness on the property. Mayfair Shopping Center is anchored by Lidl, J.Crew Factory, PGA Tour Superstore, Planet Fitness, and Sephora, and complements Brixmor's 13 other assets on Long Island. The center has significant value creation and remerchandising opportunities, including below-market lease expirations over the next few years, densification opportunities, and reinvestment potential to capture outsized tenant demand. Jones Crossing, an approximately 163,000 square foot grocery-anchored community center located in the high-growth market of College Station, Texas, home to Texas A&M University, for $46.5 million. Jones Crossing is anchored by a market dominant H-E-B and has significant value creation potential including compelling densification and reinvestment opportunities from approximately 15 acres of undeveloped land at the center. The acquisition strengthens the Company's footprint in the college town with Brixmor's two other properties and the main campus within approximately two miles of Jones Crossing. Vintage Marketplace, an approximately 72,000 square foot grocery-anchored neighborhood center serving a high-traffic retail corridor in the northwest suburbs of Houston, Texas, for $32.7 million. Vintage Marketplace is anchored by a highly productive Whole Foods Market and complements Brixmor's 26 other assets in the Houston, Texas market. The center has significant value creation opportunities, including near-term leasing of vacancies, as well as below-market in-place rents. Stanford Station, an approximately 97,000 square foot neighborhood center located immediately adjacent to the Company's Publix anchored 23rd Street Station and Walmart anchored Panama City Square properties in Panama City, Florida, for $15.1 million. Dispositions
During the three months ended June 30, 2026, the Company generated approximately $15.1 million of gross proceeds on the disposition of two shopping centers. During the six months ended June 30, 2026, the Company generated approximately $123.0 million of gross proceeds on the disposition of six shopping centers. CONNECT WITH BRIXMOR
For additional information, please visit https://www.brixmor.com; Follow Brixmor on: LinkedIn at https://www.linkedin.com/company/brixmor Facebook at https://www.facebook.com/Brixmor Instagram at https://www.instagram.com/brixmorpropertygroup; and YouTube at https://www.youtube.com/user/Brixmor. ABOUT BRIXMOR PROPERTY GROUP
Brixmor (NYSE: BRX) owns and operates a high-quality, national portfolio of open-air shopping centers. The Company's 344 retail centers comprise approximately 62 million square feet of prime retail space in established trade areas. Brixmor's properties reflect its vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a valued partner to a broad range of retailers, including The TJX Companies, The Kroger Co., Publix Super Markets and Ross Stores.
Brixmor announces material information to its investors in SEC filings and press releases and on public conference calls, webcasts and the "Investors" page of its website at https://www.brixmor.com. The Company also uses social media to communicate with its investors and the public, and the information Brixmor posts on social media may be deemed material information. Therefore, Brixmor encourages investors and others interested in the Company to review the information that it posts on its website and on its social media channels.
SAFE HARBOR LANGUAGE
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, and other non-historical statements. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "projects," "predicts," "intends," "plans," "estimates," "anticipates," or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include, but are not limited to, those described under the sections entitled "Forward-Looking Statements" and "Risk Factors" in our Form 10-K for the year ended December 31, 2025, as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission (the "SEC"), which are accessible on the SEC's website at https://www.sec.gov. These factors include (1) changes in national, regional, and local economies, due to global events such as international geopolitical conflicts, international trade disputes, a foreign debt crisis, foreign currency volatility, or due to domestic issues, such as government policies and regulations, tariffs, energy prices, market dynamics, general economic contractions, ongoing levels of inflation and interest rates, unemployment, or limited growth in consumer income or spending; (2) local real estate market conditions, including an oversupply of space in, or a reduction in demand for, properties similar to those in our Portfolio (defined hereafter); (3) competition from other available properties and e-commerce; (4) disruption and/or consolidation in the retail sector, the financial stability of our tenants, and the overall financial condition of large retailing companies, including their ability to pay rent and/or expense reimbursements that are due to us; (5) in the case of percentage rents, the sales volumes of our tenants; (6) increases in property operating expenses, including common area expenses, utilities, insurance, and real estate taxes, which are relatively inflexible and generally do not decrease if revenue or occupancy decrease; (7) increases in the costs to repair, renovate, and re-lease space; (8) earthquakes, wildfires, tornadoes, hurricanes, damage from rising sea levels due to climate change, other natural disasters, epidemics and/or pandemics, civil unrest, terrorist acts, or acts of war, any of which may result in uninsured or underinsured losses; (9) changes in laws and governmental regulations, including those governing usage, zoning, the environment, privacy, data security, intellectual property rights, and taxes; and (10) cybersecurity incidents or other disruptions to information technology systems used by us, our tenants, or our vendors, which could compromise data or impair business operations. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our periodic filings. The forward-looking statements speak only as of the date of this press release, and we expressly disclaim any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except to the extent otherwise required by law.
