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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

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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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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.

Contacts  

For Investors:  

[email protected]   

For Media:

[email protected]

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.

, /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.

SOURCE Brixmor Property Group Inc.