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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.

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 5.72%. Currently paying a dividend of $0.31 per share, the company has a dividend yield of 4.44%. In comparison, the REIT and Equity Trust - Retail industry's yield is 4.37%, while the S&P 500's yield is 1.38%.

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 53%, meaning it paid out 53% 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, with earnings expected to increase 4.89% from the year ago period.

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.

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. 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 NYSE: BRX said it has entered definitive agreements with Everview Partners to acquire Slate Grocery REIT, a Canadian-listed owner of U.S. grocery-anchored shopping centers, in a transaction valued at $2.34 billion.

Under the transaction structure, Brixmor will directly acquire 23 grocery-anchored shopping centers comprising about 3 million square feet for $636 million. A newly formed joint venture between Brixmor and affiliates of Everview will acquire the remaining 92 properties, totaling about 12 million square feet, for $1.71 billion.

Brixmor will hold a 20% interest in the joint venture, while Everview will own 80%. The company will serve as the venture’s asset manager, property manager and leasing representative, creating recurring fee income. Brixmor also plans to make a $174 million preferred-equity investment in the venture carrying a 9% dividend.

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The transaction has been approved by Brixmor’s board and Slate’s board of trustees and is expected to close in the first quarter of 2027, subject to Slate unitholder approval and customary closing conditions.

Portfolio Focused on Grocery-Anchored Retail CEO and President Brian Finnegan said the acquisition fits Brixmor’s strategy of investing in grocery-anchored, open-air retail centers and applying its leasing, redevelopment and operating platform to drive growth.

The 23 properties Brixmor will own outright are 96% leased and located entirely within the company’s current footprint, with concentrations in Florida, Georgia and the Carolinas. The portfolio is fully grocery anchored, with tenants including Publix, Harris Teeter and Kroger.

The joint venture’s 92 properties are 94% grocery anchored, and about 70% are located in markets where Brixmor already operates. Finnegan said the company expects to use its retailer relationships and leasing platform to pursue long-term net operating income growth across both portfolios consistent with Brixmor’s long-term 4% growth expectation.

Management cited several potential value-creation opportunities, including small-shop leasing, merchandising changes, rent growth, redevelopment, improved expense recoveries and specialty income. While the overall acquired portfolio is substantially occupied, Finnegan said small-shop occupancy is 88%, presenting an opportunity for improvement.

In-place rents across the portfolios average more than 30% below Brixmor’s current portfolio, management said, and several legacy anchor leases carry rents below $9 per square foot. Slate also generated mid-teens renewal growth in the past year and new-lease growth near 40%, according to Finnegan.

Redevelopment and Pricing Brixmor identified about $100 million of redevelopment and outparcel-development opportunities in the directly acquired portfolio. Those projects include multiple Publix redevelopments in high-growth Southeastern markets, and Finnegan said the company expects to begin pursuing some opportunities immediately after closing.

The company characterized the overall transaction as priced at a low-7% yield. Finnegan said the directly acquired real estate carries a cap rate in the high-6% range, while the joint venture properties are priced at a low- to mid-7% cap rate. The yield on Brixmor’s overall investment includes the preferred-equity investment and a conservative estimate of recurring fee income, management said.

Chief Investment Officer Mark Horgan said the real estate yields discussed on the call were before fees and that Brixmor views the portfolio as attractively priced relative to current pricing for individual open-air retail assets. Finnegan also cited a purchase price of approximately $155 per square foot, which he said is below replacement cost.

The company said the transaction will be immediately accretive to Nareit funds from operations per share and accretive to adjusted funds from operations and free cash flow from day one. Management said it expects to provide more detailed accretion guidance when it issues 2027 guidance and closes the transaction.

Funding Plan and Joint Venture Leverage Brixmor said it has sized its investment at approximately $1 billion, including its preferred-equity investment, to limit capital-markets dependency. The company has $1 billion in interim financing commitments and reported $1.5 billion of liquidity at the end of the second quarter.

The company expects to fund approximately $300 million with cash on hand, including $115 million of unsettled forward at-the-market proceeds. About $500 million is expected to come from debt, including roughly $95 million of assumed mortgages, while normal capital recycling is expected to fund the remainder. Brixmor said it does not expect to need to issue equity at current trading levels.

Finnegan said Brixmor intends to maintain leverage consistent with recent levels, targeting low- to mid-5-times debt to EBITDA in 2027. The joint venture will carry more leverage than Brixmor’s wholly owned balance sheet assets. Horgan said the venture is expected to assume about $513 million of mortgage debt with maturities into the 2030s and rates in the low-4% range, with overall joint venture leverage expected in the low-60% range.

While Brixmor does not plan to sell any of the 23 wholly owned assets, Finnegan said the joint venture may pursue some strategic dispositions as part of its business plan. He added that Brixmor does not expect adverse tax implications from the transaction.

Management said the joint venture structure enabled Brixmor to preserve financial flexibility while partnering with Everview, whose investment group includes ADIA. Finnegan said the structure also could provide Brixmor with potential future acquisition opportunities from the joint venture portfolio.

About Brixmor Property Group (NYSE:BRX)Brixmor Property Group Inc NYSE: BRX is a real estate investment trust that owns and operates open-air shopping centers in the United States. Its properties are generally anchored by grocery stores and serve communities with a mix of essential retail, dining, service, and other consumer-oriented businesses.

The company's activities include leasing retail space, managing shopping-center operations, and investing in property redevelopment and improvements. Brixmor focuses on maintaining well-located centers and strengthening tenant mixes to support the long-term needs of the communities in which its properties are located.

Brixmor was formed in 2011 and became a publicly traded company in 2013.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Brixmor Property Group Inc. (BRX) M&A Call Transcript

- Brixmor to Acquire 23 Grocery-Anchored Shopping Centers in Existing Markets for $636 Million –

- Capital Efficient Strategic Joint Venture with Everview Partners to Acquire an Additional 92 Centers for $1.71 Billion -

- Provides Immediate Earnings Accretion to Brixmor and Leverages Brixmor's Best-in-Class Operating Platform at Scale –

, /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor") and Everview Partners ("Everview") announced today they have entered into definitive agreements to acquire Slate Grocery REIT in a transaction valued at $2.34 billion. Under the terms of the transaction and joint venture agreements, Brixmor will effectively acquire a portfolio of 23 grocery-anchored shopping centers (the "Brixmor Portfolio") aggregating approximately three million square feet for $636 million, and a newly formed institutional joint venture between Brixmor and affiliates of Everview Partners will acquire the remaining 92 assets (the "Joint Venture Portfolio") for $1.71 billion. Additionally, a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will act as a strategic investor alongside Everview in the transaction. The 23-asset portfolio Brixmor is acquiring is approximately 96% leased and located entirely within Brixmor's existing operating footprint, predominantly across Florida, Georgia, and the Carolinas.

"This immediately accretive transaction is directly aligned with our growth strategy, adding 23 grocery-anchored centers in markets we know well, with long-standing grocer relationships we plan to grow, while further leveraging our operating platform in a capital efficient joint venture with Everview. Across both the wholly owned and joint venture assets, we see meaningful embedded value through below-market rents and a robust pipeline of remerchandising, redevelopment, and outparcel opportunities. We believe our extensive retailer relationships and proven execution capabilities will position us to unlock that value and generate meaningful cash flow growth over time," commented Brian T. Finnegan, Brixmor's Chief Executive Officer and President. "We are pleased to partner with Everview and look forward to leveraging our combined strengths to capitalize on the significant opportunities across this portfolio. We'd also like to thank the Special Committee of Slate Grocery REIT for their diligence throughout this process, which we believe resulted in a strong outcome for all parties involved."

Billy Rahm, Everview's Founder and Chief Executive Officer, stated, "This transaction reflects our conviction in grocery-anchored, open-air retail, which we expect will continue to benefit from limited new supply and durable tenant demand. We believe the portfolio is a high-quality collection of centers in attractive markets with meaningful embedded upside. We are excited to be acquiring it alongside Brixmor, whose strong operating platform, retailer relationships, and redevelopment capability make them a great partner."

Under the terms of the applicable transaction and joint venture agreements:

Brixmor will acquire 23 grocery-anchored shopping centers (representing a 100% interest in 22 centers and a 50% interest in one center) aggregating approximately three million square feet and located entirely within Brixmor's existing operating footprint, predominantly across Florida, Georgia, and the Carolinas. Brixmor will hold a 20% common equity interest and Everview will hold an 80% common equity interest in 92 shopping centers aggregating approximately 12 million square feet. Brixmor will also serve as the asset manager, property manager, and leasing representative for the Joint Venture Portfolio. Brixmor will also make a preferred equity investment of approximately $174 million in the joint venture, which will generate a 9% dividend. The transaction, which is not subject to any financing conditions, has been approved by Brixmor's Board of Directors and Slate's Board of Trustees and is expected to close in the first quarter of 2027, subject to the receipt of approval of Slate unitholders and satisfaction of other customary closing conditions. Concurrent with the issuance of this release, Brixmor filed a Form 8-K with the SEC describing the relevant agreements in more detail.

The transaction strengthens Brixmor's strategic position and long-term growth prospects by:

Adding highly complementary assets to Brixmor's existing portfolio: The Brixmor Portfolio is 100% grocery-anchored, including by Publix, Harris Teeter, and Kroger, increasing Brixmor's exposure to leading operators, and is located entirely within Brixmor's existing footprint, strengthening its position in high-conviction markets. Enhancing Brixmor's visible multi-year growth profile: The portfolios have meaningful occupancy and mark-to-market opportunities, with in-place rents averaging 32 percent less than Brixmor's current portfolio. In addition, Brixmor has identified approximately $100 million of redevelopment and outparcel development opportunities within the Brixmor Portfolio, including several potential Publix redevelopment projects, consistent with one of Brixmor's core value-creation capabilities. The portfolios are projected to generate long-term NOI growth consistent with Brixmor's stated long-term growth expectation of 4%. Growing and leveraging Brixmor's operating platform at scale: The transaction leverages Brixmor's national infrastructure, operating expertise, and retailer relationships to unlock value through leasing and operational initiatives. In addition, the joint venture is expected to generate attractive recurring fee income, including asset management, property management, and leasing fees. The joint venture will also create a potential pipeline of future acquisition opportunities for Brixmor. Generating immediate earnings accretion with balance sheet discipline: The transaction is expected to be immediately accretive to Brixmor's Nareit FFO per share. The capital efficient structure is consistent with Brixmor's commitment to maintaining a strong investment-grade balance sheet, while preserving capacity for future investment opportunities. RBC Capital Markets, LLC is acting as lead financial advisor and Wells Fargo Securities is acting as a financial advisor to Brixmor and to the joint venture entity formed by Brixmor and Everview for purposes of the transaction. Cushman & Wakefield is acting as real estate advisor, and Hogan Lovells Cadwalader US LLP is acting as legal counsel to Brixmor. Simpson Thacher & Bartlett LLP is acting as legal advisor to Everview. Davies Ward Phillips & Vineberg LLP is acting as Canadian counsel for Brixmor and Everview. Royal Bank of Canada has provided Brixmor with a bridge commitment to fully fund Brixmor's required capital for the transaction for both the Brixmor Portfolio and Joint Venture Portfolio. Wells Fargo Bank, N.A., as Administrative Agent, and Royal Bank of Canada have provided a debt commitment to the joint venture. Wells Fargo Securities and Royal Bank of Canada will serve as Joint Bookrunners for the joint venture financing.

CONFERENCE CALL AND PRESENTATION INFORMATION
Brixmor will host a teleconference today, September 28, 2026 at 8:30 AM ET to discuss the transaction. To participate, please dial 877.704.4453 (domestic) or 201.389.0920 (international) within 15 minutes of the scheduled start of the call. The teleconference can also be accessed via a live webcast at https://www.brixmor.com in the Investors section. A replay of the teleconference will be available through October 12, 2026 by dialing 844.512.2921 (domestic) or 412.317.6671 (international) (Passcode: 13762791) or via the web through September 28, 2027 at https://www.brixmor.com in the Investors section.

A Presentation with additional details will be posted at https://www.brixmor.com in the Investors section.

ABOUT BRIXMOR PROPERTY GROUP
Brixmor (NYSE: BRX) owns and operates a high-quality, national portfolio of open-air shopping centers. Brixmor's 346 retail centers comprise approximately 63 million square feet of prime retail space in established trade areas. Brixmor's properties reflect its vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional, and local retailers. Brixmor is a valued partner to a broad range of retailers, including The TJX Companies, The Kroger Co., Publix Super Markets and Ross Stores.

Brixmor announces material information to its investors in SEC filings and press releases and on public conference calls, webcasts and the "Investors" page of its website at https://www.brixmor.com. Brixmor also uses social media to communicate with its investors and the public, and the information Brixmor posts on social media may be deemed material information. Therefore, Brixmor encourages investors and others interested in Brixmor to review the information that it posts on its website and on its social media channels.

ABOUT EVERVIEW PARTNERS
Everview Partners, L.P. is a private investment management firm founded in 2024 on the belief that applying both private equity and credit expertise to real asset investments could yield enduring performance across market cycles. Everview invests across the capital structure in real asset companies and properties and seeks to partner with talented business leaders to drive sustainable growth and profitability. For more information, please visit www.everviewcap.com.

ABOUT ADIA
Established in 1976, the Abu Dhabi Investment Authority (ADIA) is a globally-diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation. For more information: https://www.adia.ae.

SAFE HARBOR LANGUAGE
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, and other non-historical statements. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "projects," "predicts," "intends," "plans," "estimates," "anticipates," or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include, but are not limited to, those described under the sections entitled "Forward-Looking Statements" and "Risk Factors" in our Form 10-K for the year ended December 31, 2025, as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission (the "SEC"), which are accessible on the SEC's website at https://www.sec.gov. These factors include (1) the ability of us and the new joint venture to successfully consummate the Slate Grocery REIT transaction, or to do so in the expected timeframe; (2) the ability of us and the new joint venture to realize the expected benefits of the transaction, including the anticipated Nareit FFO accretion benefits; (3) our ability to integrate the operations of the properties we are acquiring in the transaction and to manage the new joint venture; (4) changes in national, regional, and local economies, due to global events such as international geopolitical conflicts, international trade disputes, a foreign debt crisis, foreign currency volatility, or due to domestic issues, such as government policies and regulations, tariffs, energy prices, market dynamics, general economic contractions, ongoing levels of inflation and interest rates, unemployment, or limited growth in consumer income or spending; (5) local real estate market conditions, including an oversupply of space in, or a reduction in demand for, properties similar to those in our Portfolio (defined hereafter); (6) competition from other available properties and e-commerce; (7) disruption and/or consolidation in the retail sector, the financial stability of our tenants, and the overall financial condition of large retailing companies, including their ability to pay rent and/or expense reimbursements that are due to us; (8) in the case of percentage rents, the sales volumes of our tenants; (9) increases in property operating expenses, including common area expenses, utilities, insurance, and real estate taxes, which are relatively inflexible and generally do not decrease if revenue or occupancy decrease; (10) increases in the costs to repair, renovate, and re-lease space; (11) earthquakes, wildfires, tornadoes, hurricanes, damage from rising sea levels due to climate change, other natural disasters, epidemics and/or pandemics, civil unrest, terrorist acts, or acts of war, any of which may result in uninsured or underinsured losses; (12) changes in laws and governmental regulations, including those governing usage, zoning, the environment, privacy, data security, intellectual property rights, and taxes; and (13) cybersecurity incidents or other disruptions to information technology systems used by us, our tenants, or our vendors, which could compromise data or impair business operations. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our periodic filings. The forward-looking statements speak only as of the date of this press release, and we expressly disclaim any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except to the extent otherwise required by law.

NON-GAAP PERFORMANCE MEASURES
Nareit FFO and same property NOI are non-GAAP performance measures. These measures should not be considered as alternatives to, or more meaningful than, net income (calculated in accordance with GAAP) or other GAAP financial measures, as an indicator of financial performance and are not alternatives to, or more meaningful than, cash flow from operating activities (calculated in accordance with GAAP) as a measure of liquidity. Non-GAAP performance measures have limitations as they do not include all items of income and expense that affect operations, and accordingly, should always be considered as supplemental financial results to those calculated in accordance with GAAP. Brixmor's computation of these non-GAAP performance measures may differ in certain respects from the methodology utilized by other REITs and, therefore, may not be comparable to similarly titled measures presented by such other REITs. Investors are cautioned that items excluded from these non-GAAP performance measures are relevant to understanding and addressing financial performance. Refer to Brixmor's SEC periodic reports for definitions and reconciliations of these measures.

SOURCE Brixmor Property Group Inc.

, /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) today announced that it will release its 2026 third quarter earnings on Monday, October 26, 2026 after the market close.  Brixmor will host a teleconference on Tuesday, October 27, 2026 at 10:00 AM ET.

Event: Brixmor Property Group's Third Quarter Earnings Results

When: 10:00 AM ET, Tuesday, October 27, 2026

Live Webcast: Brixmor 3Q 2026 Earnings Call under the Investors tab at https://www.brixmor.com 

Dial #: 1.877.704.4453 (International: 1.201.389.0920)

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, November 10, 2026 by dialing 1.844.512.2921 (International: 1.412.317.6671); Passcode: 13762372.

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 346 retail centers comprise approximately 63 million square feet of prime retail space in established trade areas. Brixmor's properties reflect its vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a valued partner to a broad range of retailers, including The TJX Companies, The Kroger Co., Publix Super Markets and Ross Stores.

Brixmor announces material information to its investors in SEC filings and press releases and on public conference calls, webcasts and the "Investors" page of its website at https://www.brixmor.com. The Company also uses social media to communicate with its investors and the public, and the information Brixmor posts on social media may be deemed material information. Therefore, Brixmor encourages investors and others interested in the Company to review the information that it posts on its website and on its social media channels.

SAFE HARBOR LANGUAGE
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, and other non-historical statements. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "projects," "predicts," "intends," "plans," "estimates," "anticipates," or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include, but are not limited to, those described under the sections entitled "Forward-Looking Statements" and "Risk Factors" in our Form 10-K for the year ended December 31, 2025, as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission (the "SEC"), which are accessible on the SEC's website at https://www.sec.gov. These factors include (1) changes in national, regional, and local economies, due to global events such as international geopolitical conflicts, international trade disputes, a foreign debt crisis, foreign currency volatility, or due to domestic issues, such as government policies and regulations, tariffs, energy prices, market dynamics, general economic contractions, ongoing levels of inflation and interest rates, unemployment, or limited growth in consumer income or spending; (2) local real estate market conditions, including an oversupply of space in, or a reduction in demand for, properties similar to those in our Portfolio (defined hereafter); (3) competition from other available properties and e-commerce; (4) disruption and/or consolidation in the retail sector, the financial stability of our tenants, and the overall financial condition of large retailing companies, including their ability to pay rent and/or expense reimbursements that are due to us; (5) in the case of percentage rents, the sales volumes of our tenants; (6) increases in property operating expenses, including common area expenses, utilities, insurance, and real estate taxes, which are relatively inflexible and generally do not decrease if revenue or occupancy decrease; (7) increases in the costs to repair, renovate, and re-lease space; (8) earthquakes, wildfires, tornadoes, hurricanes, damage from rising sea levels due to climate change, other natural disasters, epidemics and/or pandemics, civil unrest, terrorist acts, or acts of war, any of which may result in uninsured or underinsured losses; (9) changes in laws and governmental regulations, including those governing usage, zoning, the environment, privacy, data security, intellectual property rights, and taxes; and (10) cybersecurity incidents or other disruptions to information technology systems used by us, our tenants, or our vendors, which could compromise data or impair business operations. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our periodic filings. The forward-looking statements speak only as of the date of this press release, and we expressly disclaim any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except to the extent otherwise required by law.

SOURCE Brixmor Property Group Inc.

, /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) today announced that the Company will present at the BofA Securities 2026 Global Real Estate Conference on Tuesday, September 15, 2026 from 10:20 AM ET to 10:55 AM ET.

Event: Brixmor Property Group Presentation at the BofA Securities 2026 Global Real Estate Conference

When: 10:20 AM ET, Tuesday, September 15, 2026

Live Webcast: BofA Securities 2026 Global Real Estate Conference under the Investors tab at https://www.brixmor.com

A replay of the webcast will be available through September 15, 2027.

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 346 retail centers comprise approximately 63 million square feet of prime retail space in established trade areas. Brixmor's properties reflect its vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a valued partner to a broad range of retailers, including The TJX Companies, The Kroger Co., Publix Super Markets and Ross Stores.

Brixmor announces material information to its investors in SEC filings and press releases and on public conference calls, webcasts and the "Investors" page of its website at https://www.brixmor.com. 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 geopolitical conflicts, international trade disputes, a foreign debt crisis, foreign currency volatility, or due to domestic issues, such as government policies and regulations, tariffs, energy prices, market dynamics, general economic contractions, ongoing levels of inflation and interest rates, unemployment, or limited growth in consumer income or spending; (2) local real estate market conditions, including an oversupply of space in, or a reduction in demand for, properties similar to those in our Portfolio (defined hereafter); (3) competition from other available properties and e-commerce; (4) disruption and/or consolidation in the retail sector, the financial stability of our tenants, and the overall financial condition of large retailing companies, including their ability to pay rent and/or expense reimbursements that are due to us; (5) in the case of percentage rents, the sales volumes of our tenants; (6) increases in property operating expenses, including common area expenses, utilities, insurance, and real estate taxes, which are relatively inflexible and generally do not decrease if revenue or occupancy decrease; (7) increases in the costs to repair, renovate, and re-lease space; (8) earthquakes, wildfires, tornadoes, hurricanes, damage from rising sea levels due to climate change, other natural disasters, epidemics and/or pandemics, civil unrest, terrorist acts, or acts of war, any of which may result in uninsured or underinsured losses; (9) changes in laws and governmental regulations, including those governing usage, zoning, the environment, privacy, data security, intellectual property rights, and taxes; and (10) cybersecurity incidents or other disruptions to information technology systems used by us, our tenants, or our vendors, which could compromise data or impair business operations. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our periodic filings. The forward-looking statements speak only as of the date of this press release, and we expressly disclaim any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except to the extent otherwise required by law.

SOURCE Brixmor Property Group Inc.

Bank of New York Mellon Corp bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,485,030 shares of the real estate investment trust’s stock, valued at approximately $78,353,000. Bank of New York Mellon Corp owned approximately 0.81% of Brixmor Property Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Royal Bank of Canada grew its stake in Brixmor Property Group by 39.9% in the 1st quarter. Royal Bank of Canada now owns 203,615 shares of the real estate investment trust’s stock worth $5,405,000 after buying an additional 58,058 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Brixmor Property Group by 5.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,703,625 shares of the real estate investment trust’s stock worth $45,231,000 after buying an additional 89,827 shares during the last quarter. EverSource Wealth Advisors LLC raised its position 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 valued at $48,000 after buying an additional 557 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Brixmor Property Group during the 2nd quarter worth $6,048,000. Finally, Gamco Investors INC. ET AL bought a new stake in shares of Brixmor Property Group during the 2nd quarter worth $435,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades Several brokerages recently issued reports on BRX. KeyCorp upped their target price on shares of Brixmor Property Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Citigroup raised their price target on Brixmor Property Group from $31.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brixmor Property Group in a research note on Friday, July 31st. UBS Group upped their price objective on Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Piper Sandler increased their price objective on Brixmor Property Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $34.33.

Get Our Latest Analysis on BRX Brixmor Property Group Trading Down 0.2% BRX stock opened at $29.52 on Wednesday. The company has a market capitalization of $9.06 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.82 and a current ratio of 0.82. Brixmor Property Group Inc. has a one year low of $24.66 and a one year high of $32.86. The company’s 50 day moving average price is $31.10 and its two-hundred day moving average price is $30.35.

Brixmor Property Group (NYSE:BRX – Get Free Report) last released its earnings results on Monday, July 27th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.34). The business had revenue of $354.20 million for the quarter, compared to the consensus estimate of $354.39 million. Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. Brixmor Property Group’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. As a group, analysts predict that Brixmor Property Group Inc. will post 2.36 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, October 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is 87.86%.

Brixmor Property Group Company Profile (Free Report)

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.

Featured Articles Five stocks we like better than Brixmor Property Group Pathward’s Credit Scare Tests Its Comeback Story Wiring the AI Boom: Rumble’s $13.7B Pivot StoneX: Too Far Too Fast? DICK’s Sporting Goods Faces Pain Now for a Bigger Prize Want to see what other hedge funds are holding BRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brixmor Property Group Inc. (NYSE:BRX – Free Report).

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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 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.

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 14.34%. 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 4.1% compared to the REIT and Equity Trust - Retail industry's yield of 3.98% and the S&P 500's yield of 1.33%.

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 53%, meaning it paid out 53% 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. 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. 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).

Posted by Defense World Staff on Aug 6th, 2026

Amundi raised its position in Brixmor Property Group Inc. (NYSE:BRX – Free Report) by 24.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 226,148 shares of the real estate investment trust’s stock after buying an additional 44,965 shares during the quarter. Amundi owned about 0.07% of Brixmor Property Group worth $6,513,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Brixmor Property Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 44,986,376 shares of the real estate investment trust’s stock valued at $1,179,543,000 after buying an additional 198,567 shares in the last quarter. State Street Corp grew its stake in shares of Brixmor Property Group by 0.5% during the second quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock worth $408,813,000 after buying an additional 81,497 shares during the last quarter. Centersquare Investment Management LLC increased its holdings in shares of Brixmor Property Group by 22.5% during the fourth quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock worth $324,722,000 after buying an additional 2,275,242 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Brixmor Property Group by 6.8% during the third quarter. Invesco Ltd. now owns 8,036,728 shares of the real estate investment trust’s stock worth $222,457,000 after buying an additional 511,976 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Brixmor Property Group by 49.6% in the 3rd quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock valued at $177,041,000 after acquiring an additional 2,119,890 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Performance NYSE:BRX opened at $30.91 on Thursday. The company has a fifty day moving average of $31.49 and a 200-day moving average of $30.03. The firm has a market capitalization of $9.48 billion, a P/E ratio of 22.08, a P/E/G ratio of 2.36 and a beta of 0.98. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.76. Brixmor Property Group Inc. has a twelve month low of $24.66 and a twelve month high of $32.86.

Brixmor Property Group (NYSE:BRX – Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.34). The company had revenue of $354.20 million during the quarter, compared to the consensus estimate of $354.39 million. Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. As a group, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.36 EPS for the current year.

Brixmor Property Group Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be issued a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, October 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 87.86%.

Analyst Ratings Changes A number of analysts have recently commented on BRX shares. Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a research note on Friday, July 31st. Evercore raised Brixmor Property Group to a “strong-buy” rating in a research note on Wednesday, April 29th. Citigroup raised their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a “neutral” rating in a report on Monday. UBS Group lifted their target price on shares of Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Truist Financial upped their price target on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brixmor Property Group has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Read Our Latest Stock Analysis on BRX

Brixmor Property Group Company Profile (Free Report)

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.

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LOS ANGELES, Aug. 03, 2026 (GLOBE NEWSWIRE) -- EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation’s largest public fast charging networks for electric vehicles (EVs), and Brixmor Property Group Inc. (NYSE: BRX) are expanding their partnership to add more than 500 new EVgo fast charging stalls in the U.S. Once complete, at least 90 Brixmor shopping centers — more than 25% of their portfolio — will feature EVgo fast chargers, building upon the companies’ long-standing partnership.

New locations for the EVgo chargers include Florida, Illinois, Minnesota, New Jersey, Pennsylvania, and Texas. Deployment will begin later this year with the first site of the expanded partnership expected in Barn Plaza, a Philadelphia suburb.

“Drivers across the U.S. want infrastructure options that integrate seamlessly into their routines, and shopping centers are an ideal place to get groceries, grab a bite or shop while charging,” said Scott Levitan, Executive Vice President, Growth at EVgo. “Expanding our partnership with Brixmor will help make EV charging even more accessible for drivers across the country while supporting the growing demand for public charging in everyday, convenient locations.”

The new Brixmor sites will feature up to 12 high-power EVgo chargers, an ideal fit for grocery store locations that the average American household visits 2-3 times per week.1 Installing EV infrastructure not only provides convenience for drivers, but it also directly benefits nearby businesses by delivering increased foot traffic and customer spending.2   

“At Brixmor, we're committed to ensuring our shopping centers continue to meet the evolving needs of our customers and communities,” said Laura McLaughlin, VP, Specialty Leasing, Brixmor Property Group. “Expanding EV charging infrastructure across our portfolio enhances convenience, supports growing consumer demand and reinforces our focus on creating vibrant destinations where people can seamlessly shop, dine and access everyday services.”

EVgo deployed its first charger with Brixmor in 2016 at a shopping center in Pleasanton, California.

1 FMI

2 Consumer Reports 

About EVgo 

EVgo (NASDAQ: EVGO) is one of the nation’s leading public fast charging providers. With more than 1,200 fast charging stations across 47 states, EVgo strategically deploys localized and accessible charging infrastructure by partnering with leading businesses across the U.S., including retailers, grocery stores, restaurants, shopping centers, gas stations, rideshare operators and autonomous vehicle companies. At its dedicated Innovation Lab, EVgo performs extensive interoperability testing and has ongoing technical collaborations with leading automakers and industry partners to advance the EV charging industry and deliver a seamless charging experience.

Forward Looking Statement

This press release contains forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to: EVgo’s plans, projections, and expectations regarding its partnership with Brixmor; EVgo’s product capabilities, features, availability, performance, and expected benefits, including for EVgo’s customers; and the speed and scope of EVgo’s infrastructure deployment at Brixmor properties. Forward-looking statements are based on EVgo’s management’s current assumptions, expectations, and beliefs and are not guarantees of future performance. These statements are subject to a number of risks, uncertainties, and assumptions, including those described under the heading “Risk Factors” and elsewhere in our most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K filed with the Securities and Exchange Commission. In light of these risks, uncertainties, and assumptions, actual results could differ materially and adversely from those anticipated or implied by the forward-looking statements. You should not rely on forward-looking statements as predictors of future results. Any forward-looking statements in this release are based on the limited information currently available to EVgo as of the date hereof, which is subject to change, and EVgo does not undertake any obligation to update these statements, even if new information becomes available in the future.

Contacts  

For Investors:  

[email protected]   

For Media:

[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e94cf205-dc07-437c-8aa5-f659e7c0f2c0

EVgo and Brixmor Expand Partnership to Provide More Fast Charging Choices for American Shoppers More than 500 new EVgo stalls to be added at Brixmor shopping centers across the U.S.

Brixmor Property Group Inc. (BRX) Q2 2026 Earnings Call Transcript

Brixmor Property Group (NYSE:BRX) reported upbeat sales for the second quarter on Monday.

The company posted quarterly FFO of $0.58 per share which met the analyst consensus estimate. The company reported quarterly sales of $353.892 million which beat the analyst consensus estimate of $353.221 million.

Brixmor Property Group raised its FY2026 FFO guidance from $2.34-$2.37 to $2.35-$2.37.

Brixmor Property shares fell 0.4% to trade at $32.22 on Tuesday.

These analysts made changes to their price targets on Brixmor Property following earnings announcement.

Evercore ISI Group analyst Samir Khanal maintained the stock with an Outperform rating and raised the price target from $35 to $36. Stifel analyst Simon Yarmak maintained the stock with a Hold and raised the price target from $31 to $34. Considering buying BRX stock? Here’s what analysts think:

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Brixmor Property (BRX - Free Report) came out with quarterly funds from operations (FFO) of $0.58 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $0.56 per share a year ago. These figures are adjusted for non-recurring items.

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 two times.

Brixmor, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $354.2 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.65%. This compares to year-ago revenues of $339.49 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 23.7% since the beginning of the year versus the S&P 500's gain of 8.3%.

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 $355.53 million in revenues for the coming quarter and $2.36 on $1.42 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 32% 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.

Simon Property (SPG - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 10.

This shopping mall real estate investment trust is expected to post quarterly earnings of $3.18 per share in its upcoming report, which represents a year-over-year change of +4.3%. The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level.

Simon Property's revenues are expected to be $1.71 billion, up 14.4% from the year-ago quarter.

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.

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") 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.

SOURCE Brixmor Property Group Inc.

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).

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).

, /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

5.4x

SOURCE Brixmor Property Group Inc.

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%.

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.

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).

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.