Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Brixmor Property (BRX - Free Report) is headquartered in New York, and is in the Finance sector. The stock has seen a price change of 20.67% since the start of the year. Currently paying a dividend of $0.31 per share, the company has a dividend yield of 3.89%. In comparison, the REIT and Equity Trust - Retail industry's yield is 3.88%, while the S&P 500's yield is 1.34%.
Looking at dividend growth, the company's current annualized dividend of $1.23 is up 7% from last year. Over the last 5 years, Brixmor Property has increased its dividend 5 times on a year-over-year basis for an average annual increase of 7.56%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Brixmor's current payout ratio is 54%, meaning it paid out 54% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, BRX expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $2.36 per share, which represents a year-over-year growth rate of 4.89%.
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. But, not every company offers a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, BRX is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
Brixmor Property Group remains a buy for durable income and steady growth, supported by strong tenant demand and leasing momentum. BRX delivers strong same-property NOI growth, driven by rent growth and robust leasing spreads, with a 27% blended cash rent spread. The $67M signed-not-open pipeline and $78M in redevelopment projects, with attractive incremental returns, underpin continued NOI and FFO expansion.
, /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.
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Based in New York, Brixmor Property (BRX - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of 23.76%. The owner and operator of shopping centers is paying out a dividend of $0.31 per share at the moment, with a dividend yield of 3.79% compared to the REIT and Equity Trust - Retail industry's yield of 3.95% and the S&P 500's yield of 1.41%.
Looking at dividend growth, the company's current annualized dividend of $1.23 is up 7% from last year. Over the last 5 years, Brixmor Property has increased its dividend 5 times on a year-over-year basis for an average annual increase of 7.56%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Brixmor's current payout ratio is 54%, meaning it paid out 54% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, BRX expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $2.36 per share, which represents a year-over-year growth rate of 4.89%.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. However, not all companies offer a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, BRX is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
, /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today the release of its eighth annual Corporate Responsibility (CR) Report, which provides a comprehensive overview of the Company's CR strategy, initiatives, and 2025 performance.
"This report highlights how central Corporate Responsibility is to how we operate and grow," stated Brian Finnegan, Chief Executive Officer and President. "From investing in our people and strengthening community connections to advancing environmental stewardship and upholding strong governance, these priorities are embedded in our business. Aligning them with the needs of our stakeholders drives sustained performance and long-term value creation."
Notable achievements in each pillar of Brixmor's Corporate Responsibility strategy for calendar year 2025 included:
Employee Engagement:
Achieved an employee satisfaction rate exceeding 95% for the third consecutive employee survey, demonstrating our commitment to providing an exceptional employee experience. Maintained an annual voluntary turnover rate of 10% or below for the third consecutive year, reflecting our ongoing efforts to foster an engaged and stable workforce. Community Connection:
Sponsored more than 3,400 hours of employee service in Brixmor's communities and donations equivalent to 20,000+ meals to local organizations, reflecting our business's connection to local communities and our team's dedication to purposeful action. Hosted 190 events across the portfolio, including grand openings, family events, fitness classes, concerts, and fundraisers, showcasing the vibrancy of our local communities and tenants. Environmental Stewardship:
Reduced Scope 1 and 2 greenhouse gas emissions by 56% compared to 2018 levels, surpassing our 50% emissions reduction goal and sustaining performance above target ahead of our 2030 goal year. Reduced like-for-like common area water usage by 60% and like-for-like common area electricity usage by 57%, demonstrating our prioritization of resource efficiency and the impact of sustainability initiatives in our portfolio. Ethics & Governance:
Maintained the top corporate governance rating from Green Street for the second consecutive year, demonstrating our continued focus on strong, shareholder-aligned governance practices. Maintained the highest score of "1" from ISS's Governance QualityScore, in recognition of our culture of integrity, accountability, transparency, and oversight. To learn more and read the entire CR report, please visit https://www.brixmor.com/corporate-responsibility.
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; (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.
, /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") today announced with deep sadness the passing of former Chief Executive Officer James M. Taylor Jr., a transformative leader whose vision, integrity, and humanity left an enduring mark on the Company and the broader real estate industry. We extend our deepest condolences to his wife Alice, his daughters Gracie and Mary Lyle, and the many friends and colleagues whose lives he touched.
Jim served as Chief Executive Officer of Brixmor from 2016 until his retirement in December 2025, successfully guiding the Company through a pivotal period of transformation and strategic repositioning. Over the course of his distinguished career, he was recognized as a thoughtful and disciplined leader, known for his strategic clarity, commitment to strong governance, and ability to build high-performing teams. He was deeply committed to the well-being and success of Brixmor's employees, a priority that shaped the culture across the organization. Under his leadership, Brixmor evolved into a premier owner and operator of open-air retail centers, and his influence extended broadly across the REIT and investment communities.
"Jim was an exceptional leader who left a lasting impact on Brixmor and our industry," said Brian T. Finnegan, Chief Executive Officer and President. "He had a unique ability to bring clarity to complex situations, often using simple, memorable analogies that resonated with everyone around him. Even after his retirement, Jim remained one of Brixmor's strongest supporters, always invested in the Company's success. More importantly, Jim was a trusted mentor, a genuine friend, and led with integrity, empathy, and a deep commitment to people. He put people first, not just in principle, but in practice, and he set a standard for leadership grounded in humility. His legacy will be the countless lives he touched and the example he set for all of us. Above all, he was a devoted husband and father and someone who brought out the best in those around him."
"On behalf of the Board, we are deeply grateful to have known Jim and for the impact he had on all of our lives," said Sheryl M. Crosland, the Company's Chair of the Board. "Having known Jim for 30 years in the industry, I have always admired his gift for making people feel valued, bringing warmth, humor, and authenticity to every relationship. Jim's pride in his family always shone through, and in many ways, he treated the Brixmor team as a second family. He was a true partner and source of encouragement to all. He will be sorely missed."
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 military 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) risks related to 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 presentation and in our periodic filings. The forward-looking statements speak only as of the date of this presentation, 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.
BRIXMOR PROPERTY GROUP MOURNS THE PASSING OF JAMES M. TAYLOR PR Newswire
NEW YORK, June 15, 2026
, /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") today announced with deep sadness the passing of former Chief Executive Officer James M. Taylor Jr., a transformative leader whose vision, integrity, and humanity left an enduring mark on the Company and the broader real estate industry. We extend our deepest condolences to his wife Alice, his daughters Gracie and Mary Lyle, and the many friends and colleagues whose lives he touched.
Jim served as Chief Executive Officer of Brixmor from 2016 until his retirement in December 2025, successfully guiding the Company through a pivotal period of transformation and strategic repositioning. Over the course of his distinguished career, he was recognized as a thoughtful and disciplined leader, known for his strategic clarity, commitment to strong governance, and ability to build high-performing teams. He was deeply committed to the well-being and success of Brixmor's employees, a priority that shaped the culture across the organization. Under his leadership, Brixmor evolved into a premier owner and operator of open-air retail centers, and his influence extended broadly across the REIT and investment communities.
"Jim was an exceptional leader who left a lasting impact on Brixmor and our industry," said Brian T. Finnegan, Chief Executive Officer and President. "He had a unique ability to bring clarity to complex situations, often using simple, memorable analogies that resonated with everyone around him. Even after his retirement, Jim remained one of Brixmor's strongest supporters, always invested in the Company's success. More importantly, Jim was a trusted mentor, a genuine friend, and led with integrity, empathy, and a deep commitment to people. He put people first, not just in principle, but in practice, and he set a standard for leadership grounded in humility. His legacy will be the countless lives he touched and the example he set for all of us. Above all, he was a devoted husband and father and someone who brought out the best in those around him."
"On behalf of the Board, we are deeply grateful to have known Jim and for the impact he had on all of our lives," said Sheryl M. Crosland, the Company's Chair of the Board. "Having known Jim for 30 years in the industry, I have always admired his gift for making people feel valued, bringing warmth, humor, and authenticity to every relationship. Jim's pride in his family always shone through, and in many ways, he treated the Brixmor team as a second family. He was a true partner and source of encouragement to all. He will be sorely missed."
CONNECT WITH BRIXMOR
For additional information, please visit https://www.brixmor.com;Follow Brixmor on:LinkedIn at https://www.linkedin.com/company/brixmorFacebook at https://www.facebook.com/BrixmorInstagram at https://www.instagram.com/brixmorpropertygroup; andYouTube 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 military 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) risks related to 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 presentation and in our periodic filings. The forward-looking statements speak only as of the date of this presentation, 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.
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All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Brixmor Property (BRX - Free Report) is headquartered in New York, and is in the Finance sector. The stock has seen a price change of 22.73% since the start of the year. The owner and operator of shopping centers is currently shelling out a dividend of $0.31 per share, with a dividend yield of 3.82%. This compares to the REIT and Equity Trust - Retail industry's yield of 3.8% and the S&P 500's yield of 1.44%.
Looking at dividend growth, the company's current annualized dividend of $1.23 is up 7% from last year. Over the last 5 years, Brixmor Property has increased its dividend 5 times on a year-over-year basis for an average annual increase of 7.56%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Brixmor's current payout ratio is 54%, meaning it paid out 54% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for BRX for this fiscal year. The Zacks Consensus Estimate for 2026 is $2.36 per share, which represents a year-over-year growth rate of 4.89%.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. However, not all companies offer a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, BRX is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
Brixmor Property Group is downgraded to 'Hold' as shares approach a fair value of $29–$31 after a strong run. BRX benefits from durable grocery-anchored open-air centers, strong leasing momentum, and a financially sound, diversified tenant base. 2024 FFO guidance of $2.33–$2.37 aligns with expectations; dividend coverage is robust at ~1.9x, supporting continued dividend growth.
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Brixmor Property (BRX - Free Report) is headquartered in New York, and is in the Finance sector. The stock has seen a price change of 12.01% since the start of the year. Currently paying a dividend of $0.62 per share, the company has a dividend yield of 4.19%. In comparison, the REIT and Equity Trust - Retail industry's yield is 4.12%, while the S&P 500's yield is 1.41%.
Looking at dividend growth, the company's current annualized dividend of $1.23 is up 7% from last year. Over the last 5 years, Brixmor Property has increased its dividend 5 times on a year-over-year basis for an average annual increase of 7.56%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Brixmor's current payout ratio is 51%, meaning it paid out 51% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, BRX expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $2.35 per share, representing a year-over-year earnings growth rate of 4.44%.
Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. It's important to keep in mind that not all companies provide a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that BRX is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy).
Massachusetts Financial Services Co. MA reduced its position in shares of Brixmor Property Group Inc. (NYSE:BRX – Free Report) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,691,972 shares of the real estate investment trust’s stock after selling 399,100 shares during the period. Massachusetts Financial Services Co. MA owned 2.51% of Brixmor Property Group worth $201,684,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC boosted its stake in shares of Brixmor Property Group by 17.4% during the 3rd quarter. Parallel Advisors LLC now owns 2,681 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 398 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Brixmor Property Group by 2.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 19,283 shares of the real estate investment trust’s stock worth $534,000 after purchasing an additional 465 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Brixmor Property Group by 1.3% during the 3rd quarter. Park Avenue Securities LLC now owns 36,195 shares of the real estate investment trust’s stock worth $1,002,000 after purchasing an additional 478 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Brixmor Property Group by 7.4% during the 3rd quarter. GAMMA Investing LLC now owns 7,003 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 485 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Brixmor Property Group by 43.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 557 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth Several research firms recently issued reports on BRX. Weiss Ratings reissued a “buy (b-)” rating on shares of Brixmor Property Group in a research report on Monday, December 22nd. Piper Sandler raised their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. UBS Group raised their target price on shares of Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Scotiabank raised their target price on shares of Brixmor Property Group from $29.00 to $33.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, March 24th. Finally, Wells Fargo & Company raised their target price on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 19th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.55.
Get Our Latest Research Report on Brixmor Property Group
Brixmor Property Group Trading Down 0.0% Shares of BRX stock opened at $29.70 on Monday. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 2.67 and a beta of 1.06. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.83. Brixmor Property Group Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $30.70. The firm’s 50 day moving average price is $29.22 and its two-hundred day moving average price is $27.39.
Brixmor Property Group (NYSE:BRX – Get Free Report) last announced its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $353.75 million for the quarter, compared to analysts’ expectations of $347.42 million. Brixmor Property Group had a net margin of 28.16% and a return on equity of 13.00%. Brixmor Property Group’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. On average, analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.
Brixmor Property Group Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Brixmor Property Group’s payout ratio is 97.62%.
Insiders Place Their Bets In other Brixmor Property Group news, Director Julie Bowerman sold 8,000 shares of Brixmor Property Group stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $29.03, for a total transaction of $232,240.00. Following the transaction, the director directly owned 18,400 shares of the company’s stock, valued at $534,152. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.91% of the stock is currently owned by company insiders.
About 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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, /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today its operating results for the three months ended March 31, 2026. For the three months ended March 31, 2026 and 2025, net income attributable to Brixmor Property Group Inc. was $0.41 per diluted share and $0.23 per diluted share, respectively.
Key highlights for the three months ended March 31, 2026 include:
Executed 1.3 million square feet of new and renewal leases, with rent spreads on comparable space of 27.0%, including new lease rent spreads on comparable space of 41.8% and record renewal lease rent spreads on comparable space of 21.3% Realized total leased occupancy of 95.1%, anchor leased occupancy of 96.5%, and small shop leased occupancy of 92.1% Commenced $12.0 million of annualized base rent Leased to billed occupancy spread totaled 370 basis points Total signed but not yet commenced new lease population represented 2.8 million square feet and $66.7 million of annualized base rent Reported an increase in same property NOI of 6.4%, including a contribution from base rent of 410 basis points Reported Nareit FFO of $179.6 million, or $0.58 per diluted share Stabilized $77.8 million of reinvestment projects at an average incremental NOI yield of 9%, with the in process reinvestment pipeline totaling $302.4 million at an expected average incremental NOI yield of 10% Completed $107.9 million of dispositions Executed forward sale contracts to issue 3.9 million shares under the Company's at-the-market ("ATM") equity offering program at a weighted-average offering price of $29.85 per share and anticipated proceeds of $116.0 million, before commissions and fees Subsequent events:
Completed $11.3 million of dispositions Updated previously provided Nareit FFO per diluted share expectations for 2026 to $2.34 - $2.37 from $2.33 - $2.37 and same property NOI growth expectations for 2026 to 4.75% - 5.50% from 4.50% - 5.50% "The Brixmor team is off to a strong start to 2026 as demonstrated by sustained leasing demand, record renewal spreads, and continued execution of our accretive reinvestment plan during the first quarter," commented Brian T. Finnegan, Chief Executive Officer and President. "Our increased 2026 outlook reflects the strength of our platform, the durability of our underlying cash flows, and the unparalleled visibility on growth in what continues to be a positive environment for grocery-anchored open-air shopping centers."
FINANCIAL HIGHLIGHTS
The following table summarizes the Company's net income attributable to Brixmor Property Group Inc. and Nareit FFO: (Unaudited, dollars in millions, except per share amounts)
Three Months Ended
3/31/2026
3/31/2025
Net income attributable to Brixmor Property Group Inc.
$127.8
$69.7
Net income attributable to Brixmor Property Group Inc. per diluted
share
$0.41
$0.23
Nareit FFO
$179.6
$171.1
Nareit FFO per diluted share
$0.58
$0.56
Same Property NOI Performance
For the three months ended March 31, 2026, the Company reported an increase in same property NOI of 6.4% versus the comparable 2025 period. Dividend
The Company's Board of Directors declared a quarterly cash dividend of $0.3075 per common share (equivalent to $1.23 per annum). The dividend is payable on July 15, 2026 to stockholders of record on July 2, 2026. PORTFOLIO AND INVESTMENT ACTIVITY
Value Enhancing Reinvestment Opportunities
During the three months ended March 31, 2026, the Company stabilized four value enhancing reinvestment projects with a total aggregate net cost of approximately $77.8 million at an average incremental NOI yield of 9% and added ten new reinvestment projects to its in process pipeline with a total aggregate net estimated cost of approximately $43.7 million at an expected average incremental NOI yield of 10%. The following table summarizes the Company's in process reinvestment pipeline as of March 31, 2026: (Dollars in millions)
Number of Projects
Net Estimated Costs
Expected NOI Yield
Anchor space repositioning
15
$77.0
7% - 14%
Outparcel development
12
21.5
12 %
Redevelopment
12
203.9
11 %
Total
39
$302.4
10 %
An in-depth review of a redevelopment project which highlights the Company's reinvestment capabilities, The Davis Collection (Sacramento-Roseville-Folsom, CA CBSA), can be found at this link: https://www.brixmor.com/blog/davis-community-retailers-city. Follow Brixmor on LinkedIn for video updates on reinvestment projects at https://www.linkedin.com/company/brixmor. Acquisitions
During the three months ended March 31, 2026, the Company did not complete any acquisitions. Dispositions
During the three months ended March 31, 2026, the Company generated $107.9 million of gross proceeds on the disposition of four shopping centers. Subsequent to March 31, 2026, the Company generated approximately $11.3 million of gross proceeds on the disposition of one shopping center. CAPITAL STRUCTURE
During the three months ended March 31, 2026, the Company executed forward sale contracts under its ATM equity offering program through which it is expected to issue 3.9 million shares of common stock at a weighted-average offering price per share of $29.85, before commissions and fees. Anticipated proceeds from the forward sale contracts are approximately $116.0 million, before commissions and fees, and are expected to be used for general corporate purposes. At March 31, 2026, the Company had $1.8 billion in liquidity. At March 31, 2026, the Company's net principal debt to adjusted EBITDA, current quarter annualized was 5.3x and net principal debt to adjusted EBITDA, trailing twelve months was 5.4x. GUIDANCE
The Company has updated its previously provided Nareit FFO per diluted share expectations for 2026 to $2.34 - $2.37 from $2.33 - $2.37 and its same property NOI growth expectations for 2026 to 4.75% - 5.50% from 4.50% - 5.50%. Revenues deemed uncollectible is expected to total 75 - 100 basis points of total expected revenues in 2026. 2026 expectations do not include any additional items that impact FFO comparability, which include gain or loss on extinguishment of debt, net and transaction expenses, net, or any other one-time items. The following table provides a reconciliation of the range of the Company's 2026 estimated net income attributable to Brixmor Property Group Inc. to Nareit FFO: (Unaudited, dollars in millions, except per share amounts)
2026E
2026E Per
Diluted Share
Net income attributable to Brixmor Property Group Inc.
$355 - $365
$1.16 - $1.19
Depreciation and amortization related to real estate
417
1.35
Gain on sale of real estate assets
(52)
(0.17)
Nareit FFO
$720 - $730
$2.34 - $2.37
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. CONFERENCE CALL AND SUPPLEMENTAL INFORMATION
The Company will host a teleconference on Tuesday, April 28, 2026 at 10:00 AM ET. 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 May 12, 2026 by dialing 844.512.2921 (domestic) or 412.317.6671 (international) (Passcode: 13758788) or via the web through April 28, 2027 at https://www.brixmor.com in the Investors section.
The Company's Supplemental Disclosure will be posted at https://www.brixmor.com in the Investors section. These materials are also available to all interested parties upon request to the Company at [email protected] or 800.468.7526.
NON-GAAP PERFORMANCE MEASURES
The Company presents the non-GAAP performance measures set forth below. 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. The Company'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. A reconciliation of net income to these non-GAAP performance measures is presented in the attached tables.
Nareit FFO
Nareit FFO is a supplemental, non-GAAP performance measure utilized to evaluate the operating and financial performance of real estate companies. Nareit defines FFO as net income (calculated in accordance with GAAP) excluding (i) depreciation and amortization related to real estate, (ii) gains and losses from the sale of certain real estate assets, (iii) gains and losses from change in control, (iv) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity and (v) after adjustments for unconsolidated joint ventures calculated to reflect FFO on the same basis. Considering the nature of its business as a real estate owner and operator, the Company believes that Nareit FFO is useful to investors in measuring its operating and financial performance because the definition excludes items included in net income (calculated in accordance with GAAP) that do not relate to or are not indicative of the Company's operating and financial performance, such as depreciation and amortization related to real estate, and items which can make periodic and peer analyses of operating and financial performance more difficult, such as gains and losses from the sale of certain real estate assets and impairment write-downs of certain real estate assets.
Same Property NOI
Same property NOI is a supplemental, non-GAAP performance measure utilized to evaluate the operating performance of real estate companies. Same property NOI is calculated (using properties owned for the entirety of both periods and excluding properties under development and completed new development properties that have been stabilized for less than one year) as total property revenues (base rent, expense reimbursements, adjustments for revenues deemed uncollectible, ancillary and other rental income, percentage rents, and other revenues) less direct property operating expenses (operating costs and real estate taxes). Same property NOI excludes (i) lease termination fees, (ii) straight-line rental income, net, (iii) accretion of below-market leases, net of amortization of above-market leases and tenant inducements, (iv) straight-line ground rent expense, net, (v) income or expense associated with the Company's captive insurance company, (vi) depreciation and amortization, (vii) impairment of real estate assets, (viii) general and administrative expense, and (ix) other income and expense (including interest expense and gain on sale of real estate assets). Considering the nature of its business as a real estate owner and operator, the Company believes that NOI is useful to investors in measuring the operating performance of its portfolio because the definition excludes various items included in net income that do not relate to, or are not indicative of, the operating performance of the Company's properties, such as lease termination fees, straight-line rental income, net, income or expense associated with the Company's captive insurance company, accretion of below-market leases, net of amortization of above-market leases and tenant inducements, straight-line ground rent expense, net, depreciation and amortization, impairment of real estate assets, general and administrative expense, and other income and expense (including interest expense and gain on sale of real estate assets). The Company believes that same property NOI is also useful to investors because it further eliminates disparities in NOI by only including NOI of properties owned for the entirety of both periods presented and excluding properties under development and completed new development properties that have been stabilized for less than one year and therefore provides a more consistent metric for comparing the operating performance of the Company's real estate between periods.
Net Principal Debt to Adjusted EBITDA, current quarter annualized & Net Principal Debt to Adjusted EBITDA, trailing twelve months
Net principal debt to adjusted EBITDA, current quarter annualized and net principal debt to adjusted EBITDA, trailing twelve months are supplemental non-GAAP measures utilized to evaluate the performance of real estate companies in relation to outstanding debt. Net principal debt is calculated as Debt obligations, net (calculated in accordance with GAAP) excluding net unamortized premium or discount and deferred financing fees less cash, cash equivalents, and restricted cash. Adjusted EBITDA is calculated as the sum of net income (calculated in accordance with GAAP) before non-controlling interests excluding (i) interest expense, (ii) federal and state taxes, (iii) depreciation and amortization, (iv) gains and losses from the sale of certain real estate assets, (v) gains and losses from change in control, (vi) impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity, (vii) gain (loss) on extinguishment of debt, net, and (viii) other items that the Company believes are not indicative of the Company's operating performance. Net principal debt to adjusted EBITDA, current quarter annualized and net principal debt to adjusted EBITDA, trailing twelve months are calculated as net principal debt divided by quarterly annualized adjusted EBITDA or trailing twelve month adjusted EBITDA, respectively. Considering the nature of its business as a real estate owner and operator, the Company believes that net principal debt to adjusted EBITDA, current quarter annualized and net principal debt to adjusted EBITDA, trailing twelve months are useful to investors in measuring its operating performance because they exclude items included in net income (calculated in accordance with GAAP) that do not relate to or are not indicative of the operating performance of the Company's real estate, are widely known and understood measures of performance, independent of a company's capital structure and items which can make periodic and peer analyses of performance more difficult, and can provide investors with a more consistent basis by which to compare the Company with its peers.
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.
CONSOLIDATED BALANCE SHEETS
Unaudited, dollars in thousands, except share information
As of
As of
3/31/2026
12/31/2025
Assets
Real estate
Land
$ 1,837,739
$ 1,849,779
Buildings and tenant improvements
9,313,530
9,296,849
Construction in progress
55,108
92,129
Lease intangibles
538,888
548,740
11,745,265
11,787,497
Accumulated depreciation and amortization
(3,636,118)
(3,588,646)
Real estate, net
8,109,147
8,198,851
Cash and cash equivalents
323,934
334,422
Restricted cash
100,633
27,108
Marketable securities
20,480
21,283
Receivables, net, including straight-line rent receivables of $244,075 and $237,837, respectively
302,774
315,128
Deferred charges and prepaid expenses, net
170,538
169,326
Real estate assets held for sale
5,290
4,551
Other assets
70,595
62,468
Total assets
$ 9,103,391
$ 9,133,137
Liabilities
Debt obligations, net
$ 5,496,071
$ 5,494,753
Accounts payable, accrued expenses and other liabilities
570,407
628,328
Total liabilities
6,066,478
6,123,081
Equity
Common stock, $0.01 par value; authorized 3,000,000,000 shares;
315,963,609 and 315,231,761 shares issued and 306,836,617 and 306,104,769
shares outstanding
3,068
3,061
Additional paid-in capital
3,424,070
3,437,853
Accumulated other comprehensive income
9,409
1,722
Distributions in excess of net income
(399,883)
(432,822)
Total stockholders' equity
3,036,664
3,009,814
Non-controlling interests
249
242
Total equity
3,036,913
3,010,056
Total liabilities and equity
$ 9,103,391
$ 9,133,137
CONSOLIDATED STATEMENTS OF OPERATIONS
Unaudited, dollars in thousands, except per share amounts
Three Months Ended
3/31/2026
3/31/2025
Revenues
Rental income
$ 354,337
$ 337,241
Other revenues
482
271
Total revenues
354,819
337,512
Operating expenses
Operating costs
41,914
39,211
Real estate taxes
45,403
44,893
Depreciation and amortization
105,202
105,597
General and administrative
28,192
28,173
Total operating expenses
220,711
217,874
Other income (expense)
Dividends and interest
3,205
1,706
Interest expense
(59,392)
(54,084)
Gain on sale of real estate assets
52,097
3,070
Other
(2,261)
(593)
Total other expense
(6,351)
(49,901)
Net income
127,757
69,737
Net income attributable to non-controlling interests
(7)
(8)
Net income attributable to Brixmor Property Group Inc.
$ 127,750
$ 69,729
Net income attributable to Brixmor Property Group Inc. per common share:
Basic
$ 0.42
$ 0.23
Diluted
$ 0.41
$ 0.23
Weighted average shares:
Basic
307,024
306,766
Diluted
307,679
307,252
FUNDS FROM OPERATIONS (FFO)
Unaudited, dollars in thousands, except per share amounts
Three Months Ended
3/31/2026
3/31/2025
Net income attributable to Brixmor Property Group Inc.
$ 127,750
$ 69,729
Depreciation and amortization related to real estate
103,919
104,448
Gain on sale of real estate assets
(52,097)
(3,070)
Nareit FFO
$ 179,572
$ 171,107
Nareit FFO per diluted share
$ 0.58
$ 0.56
Weighted average diluted shares outstanding
307,679
307,252
Items that impact FFO comparability
Transaction expenses, net
$ (49)
$ (21)
Total items that impact FFO comparability
$ (49)
$ (21)
Items that impact FFO comparability, net per share
$ (0.00)
$ (0.00)
Additional Disclosures
Straight-line rental income, net
$ 7,939
$ 7,481
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements
4,109
2,515
Straight-line ground rent expense, net (1)
(160)
(134)
Dividends declared per share
$ 0.3075
$ 0.2875
Dividends declared
$ 94,352
$ 87,991
Dividend payout ratio (as % of Nareit FFO)
52.5 %
51.4 %
(1) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
SAME PROPERTY NOI ANALYSIS
Unaudited, dollars in thousands
Three Months Ended
3/31/2026
3/31/2025
Change
Same Property NOI Analysis
Number of properties
338
338
-
Percent billed
91.3 %
90.0 %
1.3 %
Percent leased
95.0 %
94.3 %
0.7 %
Revenues
Base rent
$ 237,855
$ 228,427
Expense reimbursements
79,138
75,837
Revenues deemed uncollectible
(1,572)
(2,372)
Ancillary and other rental income / Other revenues
8,335
5,592
Percentage rents
4,980
3,943
328,736
311,427
5.6 %
Operating expenses
Operating costs
(39,614)
(37,490)
Real estate taxes
(43,648)
(43,325)
(83,262)
(80,815)
3.0 %
Same property NOI
$ 245,474
$ 230,612
6.4 %
NOI margin
74.7 %
74.1 %
Expense recovery ratio
95.0 %
93.8 %
Percent Contribution to Same Property NOI Performance:
Change
Percent Contribution
Base Rent
$ 9,428
4.1 %
Revenues deemed uncollectible
800
0.3 %
Net expense reimbursements
854
0.4 %
Ancillary and other rental income / Other revenues
2,743
1.2 %
Percentage rents
1,037
0.4 %
6.4 %
Reconciliation of Net income attributable to Brixmor Property Group Inc. to Same Property NOI
Net income attributable to Brixmor Property Group Inc.
$ 127,750
$ 69,729
Adjustments:
Non-same property NOI
(8,510)
(8,823)
Lease termination fees
(1,630)
(4,111)
Straight-line rental income, net
(7,939)
(7,481)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements
(4,109)
(2,515)
Straight-line ground rent expense, net
160
134
Depreciation and amortization
105,202
105,597
General and administrative
28,192
28,173
Total other expense
6,351
49,901
Net income attributable to non-controlling interests
7
8
Same Property NOI
$ 245,474
$ 230,612
EBITDA & RECONCILIATION OF DEBT OBLIGATIONS, NET TO NET PRINCIPAL DEBT
Unaudited, dollars in thousands
Three Months Ended
3/31/2026
3/31/2025
Net income
$ 127,757
$ 69,737
Interest expense
59,392
54,084
Federal and state taxes
939
707
Depreciation and amortization
105,202
105,597
EBITDA
293,290
230,125
Gain on sale of real estate assets
(52,097)
(3,070)
EBITDAre
$ 241,193
$ 227,055
EBITDAre
$ 241,193
$ 227,055
Transaction expenses, net
49
21
Adjusted EBITDA
$ 241,242
$ 227,076
Adjusted EBITDA
$ 241,242
$ 227,076
Straight-line rental income, net
(7,939)
(7,481)
Accretion of below-market leases, net of amortization of above-market leases and tenant inducements
(4,109)
(2,515)
Straight-line ground rent expense, net (1)
160
134
Total adjustments
(11,888)
(9,862)
Cash Adjusted EBITDA
$ 229,354
$ 217,214
(1) Straight-line ground rent expense, net is included in Operating costs on the Consolidated Statements of Operations.
Reconciliation of Debt Obligations, Net to Net Principal Debt
As of
3/31/2026
Debt obligations, net
$ 5,496,071
Less: Net unamortized premium
(9,613)
Add: Deferred financing fees
31,995
Less: Cash, cash equivalents and restricted cash
(424,567)
Net Principal Debt
$ 5,093,886
Adjusted EBITDA, current quarter annualized
$ 964,968
Net Principal Debt to Adjusted EBITDA, current quarter annualized
5.3x
Adjusted EBITDA, trailing twelve months
$ 940,281
Net Principal Debt to Adjusted EBITDA, trailing twelve months
Brixmor Property (BRX - Free Report) came out with quarterly funds from operations (FFO) of $0.58 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to FFO of $0.56 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of +1.17%. A quarter ago, it was expected that this owner and operator of shopping centers would post FFO of $0.57 per share when it actually produced FFO of $0.58, delivering a surprise of +1.75%.
Over the last four quarters, the company has surpassed consensus FFO estimates three times.
Brixmor, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $354.82 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.91%. This compares to year-ago revenues of $337.51 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Brixmor shares have added about 15.8% since the beginning of the year versus the S&P 500's gain of 4.7%.
What's Next for Brixmor?While Brixmor has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Brixmor was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $0.59 on $351.54 million in revenues for the coming quarter and $2.35 on $1.41 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Retail is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
American Assets Trust (AAT - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on April 28.
This real estate investment trust is expected to post quarterly earnings of $0.51 per share in its upcoming report, which represents a year-over-year change of -1.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
American Assets Trust's revenues are expected to be $108.86 million, up 0.2% from the year-ago quarter.
Brixmor Property (BRX - Free Report) reported $354.82 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 5.1%. EPS of $0.58 for the same period compares to $0.23 a year ago.
The reported revenue represents a surprise of +1.91% over the Zacks Consensus Estimate of $348.18 million. With the consensus EPS estimate being $0.57, the EPS surprise was +1.17%.
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: $0.48 million versus $0.43 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +77.9% change.Revenues- Rental income: $354.34 million versus the four-analyst average estimate of $346.36 million. The reported number represents a year-over-year change of +5.1%.Income (loss) attributable to common stockholders- Diluted: $0.41 versus $0.26 estimated by three analysts on average.View all Key Company Metrics for Brixmor here>>>
Shares of Brixmor have returned +6.9% over the past month versus the Zacks S&P 500 composite's +9.3% 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.
Brixmor Property Group offers compelling value and income, outperforming the S&P 500 with a 17% total return since January. BRX's grocery-anchored, necessity-based retail centers drive resilient NOI growth, with Q1'26 same-property NOI up 6.4% and leasing spreads at record highs. Structural tailwinds, limited new retail supply, and strong tenant demand underpin BRX's forward NOI growth guidance of 4.75%-5.5%.
, /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today that its operating partnership, Brixmor Operating Partnership LP (the "Operating Partnership"), priced an offering of $400 million aggregate principal amount of 5.375% Senior Notes due 2036 (the "Notes"). The Notes will be issued at 99.628% of par value with a coupon of 5.375%. Interest on the Notes is payable semi-annually on June 15 and December 15 of each year, beginning December 15, 2026. The Notes will mature on June 15, 2036. The offering is expected to close on May 5, 2026, subject to the satisfaction of customary closing conditions.
The Operating Partnership intends to use the net proceeds from this offering for general corporate purposes, which may include repayment of outstanding indebtedness, including some or all of the outstanding 4.125% Senior Notes due 2026. J.P. Morgan Securities LLC, PNC Capital Markets LLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC are acting as joint book-running managers for the offering.
The Operating Partnership has filed an effective registration statement (including a prospectus supplement and accompanying base prospectus) with the Securities and Exchange Commission (the "SEC") relating to the offering to which this communication relates. Before making an investment in the Notes, potential investors should read the prospectus supplement, the accompanying prospectus and the other documents that the Company and the Operating Partnership have filed with the SEC for more complete information about us and the offering. Potential investors may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies may be obtained from: J.P. Morgan Securities LLC by calling 1-212-834-4533, PNC Capital Markets LLC by calling 1-855-881-0697, Scotia Capital (USA) Inc. by calling 1-800-372-3930 and TD Securities (USA) LLC by calling 1-855-495-9846.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these Notes in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer or sale of the Notes will be made only by means of a prospectus supplement relating to the offering of the Notes and the accompanying prospectus.
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; (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.
Brick-and-mortar retail REITs are fundamentally strong as E-commerce market share plateaus near 16.4%, with omnichannel strategies driving coexistence. Rising shipping and return costs, reduced subsidies, and a pivot to service-oriented tenants have increased the value of physical retail space. Shopping center REITs like BRX and KIM benefit from limited new supply, strong leasing spreads, and landlord-favored negotiations.
Founded in 1869, Goldman Sachs is the world’s second-largest investment bank by revenue and is ranked 82nd on the Fortune 500 list of the largest U.S. corporations by total revenue. The Wall Street white-glove firm offers financing, advisory services, risk distribution, and hedging for the firm’s institutional and corporate clients. In addition, they produce some of Wall Street’s most coveted research and serve as a bellwether for the financial industry. Goldman Sachs maintains its status as Wall Street’s premier firm through its undisputed leadership across virtually every major category. Over the 15 years we have covered the firm, it has remained the go-to Wall Street bank for almost every financial need.
The Goldman Sachs Conviction List is a curated list of stocks that the firm’s research team believes are highly likely to outperform the market. It’s a tool for investors to identify stocks with strong growth potential and is frequently updated to reflect changes in market conditions and company performance. The list aims to identify stocks where Goldman Sachs analysts have the “highest level of conviction” in their outperformance.
With the stock market once again posting new all-time highs despite a very dicey geopolitical state around the world, inflation on the rise, and the potential for no interest rate cuts until 2027, it makes sense to follow the safest Goldman Sachs Conviction List ideas from the May list. Five top companies are standouts in their sectors, pay reliable dividends, and have double-digit upside to the Goldman Sachs targets.
Why we recommend Goldman Sachs stocks
Goldman Sachs Research ranks among the best for its unmatched breadth—covering over 3,000 securities, 45+ economies, and all major markets—and rigorous, data-driven analysis. The team delivers thousands of proprietary forecasts, models, and unique indicators, backed by top-tier global analysts and innovative thought leadership on macro, industries, and trends, earning consistent recognition as a trusted resource for institutional and high-net-worth investors.
Brixmor Property This quality real estate investment trust (REIT) offers steady, reliable income, a portfolio of outstanding properties, and a rich 3.95% dividend. Brixmor Property Group (NYSE: BRX | BRX Price Prediction) is an internally managed real estate investment trust (REIT). The company conducts its operations primarily through Brixmor Operating Partnership and subsidiaries.
The company owns and operates open-air retail portfolios by gross leasable area (GLA) in the United States, comprised primarily of community and neighborhood shopping centers. The company’s portfolio consists of approximately 360 retail centers totaling over 64 million square feet of GLA.
Brixmor Property’s projects include:
Dickson City Crossings East Port Plaza Fox Run Gateway Plaza Old Bridge Gateway Pointe Orlando Shops at Palm Lakes Stewart Plaza Tinley Park Plaza Tyrone Gardens Vail Ranch Center Venice Village Village at Mira Mesa Westminster City Center The company’s national portfolio is primarily located within established trade areas in the top 50 Core-Based Statistical Areas in the United States.
Goldman Sachs has a $35 target price for the stock, representing 16% upside.
Duke Energy This American electric power and natural gas holding company is headquartered in Charlotte, North Carolina. Duke Energy (NYSE: DUK) is located in a growing part of the country and pays a hefty 3.26% dividend. It operates as an energy company in the United States through two segments.
The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest. To develop electricity, Duke Energy uses the following:
Coal Hydroelectric Natural gas Oil Solar and wind sources Renewables Nuclear fuel This segment also sells electricity to municipalities, electric cooperative utilities, and load-serving entities.
The Gas Utilities and Infrastructure segment distributes natural gas to
Residential Commercial Industrial Power generation natural gas customers The segment also invests in pipeline transmission projects, renewable natural gas projects, and natural gas storage facilities.
The $142 Goldman Sachs price target represents an 11% gain from current trading levels.
ConocoPhillips The big always gets bigger, and this company completed a $22.5 billion purchase of Marathon Oil in late 2024. This deal added high-quality assets, particularly in the Eagle Ford and Bakken shales, to the company’s portfolio. ConocoPhillips (NYSE: COP) is an exploration and production company with a dividend yield of 1.91%.
Its Alaska segment primarily explores for, produces, transports, and markets crude oil, natural gas, and natural gas liquids. The Lower 48 segment comprises operations in the 48 contiguous U.S. states and the Gulf of America. Canadian operations consist of the Surmont oil sands development in Alberta, the liquids-rich Montney unconventional play in British Columbia, and commercial operations.
The Europe, Middle East, and North Africa segment consists of operations principally located in:
The Norwegian sector of the North Sea and the Norwegian Sea Qatar Libya Equatorial Guinea Commercial and terminalling operations in the United Kingdom The Asia Pacific segment has exploration and production operations in China, Malaysia, and Australia, as well as commercial operations in China, Singapore, and Japan. The Other International segment includes interests in Colombia as well as contingencies associated with prior operations in other countries.
The Goldman Sachs $144 target price represents a 14% gain from current levels.
McDonald’s This American multinational fast-food chain is a solid pick when the economy goes south or north. McDonald’s (NYSE: MCD) is among the safest large-cap restaurant ideas and pays a solid 2.47% dividend. It operates and franchises McDonald’s restaurants in the United States and internationally. Approximately 95% of McDonald’s 13,500 U.S. restaurants are owned and operated by independent business owners. McDonald’s is approaching the 50-year mark and is widely seen as a likely entrant to the prestigious Dividend Kings, given its consistent dividend growth and durable business model.
The company’s restaurants offer:
Hamburgers and cheeseburgers Chicken sandwiches and nuggets Fries Salads Shakes Frozen desserts Sundaes Soft serve cones Bakery items Soft drinks Coffee Muffins Sausages Biscuit and bagel sandwiches Oatmeal Hash browns Breakfast burritos Hotcakes The $370 Goldman Sachs target price would be a 26% gain from current levels.
United Healthcare This company has rallied back from a tragedy and pays a solid 1.87% dividend. UnitedHealth Group (NYSE: UNH) is a healthcare and well-being company.
Its segments include:
Employer & Individual, which provides health benefit plans to nearly 27 million people. Medicare & Retirement is focused on the health and well-being needs of seniors and other Medicare beneficiaries. Community & State focuses on economically disadvantaged and medically underserved populations. Its Optum Health platform provides comprehensive, patient-centered care that addresses physical, mental, and social well-being, delivers primary, specialty, and surgical care, and helps patients and providers navigate and address complex, chronic, and behavioral health needs.
The Optum Insight platform connects the healthcare system through services, analytics, and platforms that simplify and improve the efficiency of clinical, administrative, and financial processes for all participants.
Optum Rx offers a range of pharmacy care services through retail pharmacies, home delivery, and specialty and community health pharmacies, as well as the provision of in-home and community-based infusion services.
Goldman Sachs has a $435 target price, representing a 17% gain from current levels.
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.
Brixmor Property (BRX - Free Report) is headquartered in New York, and is in the Finance sector. The stock has seen a price change of 13.81% since the start of the year. The owner and operator of shopping centers is paying out a dividend of $0.31 per share at the moment, with a dividend yield of 4.12% compared to the REIT and Equity Trust - Retail industry's yield of 3.94% and the S&P 500's yield of 1.41%.
Looking at dividend growth, the company's current annualized dividend of $1.23 is up 7% from last year. Over the last 5 years, Brixmor Property has increased its dividend 5 times on a year-over-year basis for an average annual increase of 7.56%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Brixmor's current payout ratio is 54%, meaning it paid out 54% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for BRX for this fiscal year. The Zacks Consensus Estimate for 2026 is $2.36 per share, with earnings expected to increase 4.89% from the year ago period.
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. However, not all companies offer a quarterly payout.
For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, BRX is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
, /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) today announced that the Company will host an interactive panel with management, analysts, and investors following ICSC 2026 Las Vegas on Wednesday, May 27, 2026 from 10:00 AM ET to 11:00 AM ET. To attend this webinar, please register in advance at: https://brixmor.zoom.us/webinar/register/WN_p6w36_G1RpmqFPrCwlg8iQ. A replay of the webinar will be available on the Brixmor website at https://www.brixmor.com.
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
The presentation referenced in 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 military 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) risks related to 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.
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
Brixmor Property (BRX - Free Report) is headquartered in New York, and is in the Finance sector. The stock has seen a price change of 18.8% since the start of the year. The owner and operator of shopping centers is currently shelling out a dividend of $0.31 per share, with a dividend yield of 3.95%. This compares to the REIT and Equity Trust - Retail industry's yield of 3.82% and the S&P 500's yield of 1.42%.
Looking at dividend growth, the company's current annualized dividend of $1.23 is up 7% from last year. Over the last 5 years, Brixmor Property has increased its dividend 5 times on a year-over-year basis for an average annual increase of 7.56%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Brixmor's current payout ratio is 54%, meaning it paid out 54% of its trailing 12-month EPS as dividend.
Earnings growth looks solid for BRX for this fiscal year. The Zacks Consensus Estimate for 2026 is $2.36 per share, representing a year-over-year earnings growth rate of 4.89%.
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. But, not every company offers a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it's fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, BRX is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of #3 (Hold).
Investors in Brixmor Property Group Inc. (BRX - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 18, 2026 $20 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for Brixmor Property shares, but what is the fundamental picture for the company? Currently, Brixmor Property is a Zacks Rank #3 (Hold) in the REIT and Equity Trust – Retail industry that ranks in the Top 43% of our Zacks Industry Rank. Over the last 30 days, no analysts have increased their earnings estimates for the current quarter, while two analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 59 cents per share to 58 cents in that period.
Given the way analysts feel about Brixmor Property right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
, /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) today announced that it will release its 2026 second quarter earnings on Monday, July 27, 2026 after the market close. Brixmor will host a teleconference on Tuesday, July 28, 2026 at 10:00 AM ET.
Event: Brixmor Property Group's Second Quarter Earnings Results
When: 10:00 AM ET, Tuesday, July 28, 2026
Live Webcast: Brixmor 2Q 2026 Earnings Call under the Investors tab at https://www.brixmor.com
A replay of the webcast will be available on the Brixmor website at https://www.brixmor.com. A replay of the call can be accessed until midnight ET on Tuesday, August 11, 2026 by dialing 1.844.512.2921 (International: 1.412.317.6671); Passcode: 13760501.
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 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
The presentation referenced in this 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 military 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) risks related to 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 presentation and in our periodic filings. The forward-looking statements speak only as of the date of this presentation, 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.
