Brixmor Property Group Price, Forecast, Insider, Ratings, Fundamentals & Signals

- strong operating performance drove record total, anchor, and small shop leased occupancy - - achieved record lease retention rate - - increased nareit ffo and same property noi growth expectations for 2024 - new york , april 29, 2024 /prnewswire/ -- brixmor property group inc. (nyse: brx) ("brixmor" or the "company") announced today its operating results for the three months ended march 31, 2024.  for the three months ended march 31, 2024 and 2023, net income was $0.29 per diluted share and $0.37 per diluted share, respectively.

New york , april 11, 2024 /prnewswire/ -- brixmor property group inc. (nyse: brx) ("brixmor" or the "company") announced today that james m. taylor jr., the company's chief executive officer and president, is taking a temporary medical leave of absence, effective april 11, 2024.

New york , march 27, 2024 /prnewswire/ -- brixmor property group inc. (nyse: brx) today announced that it will release its 2024 first quarter earnings on monday, april 29, 2024 after the market close.  brixmor will host a teleconference on tuesday, april 30, 2024 at 10:00 am et.

New york , feb. 27, 2024 /prnewswire/ -- brixmor property group inc. (nyse: brx) today announced that the company will present at citi's 2024 global property ceo conference monday, march 4, 2024 from 2:55 pm et to 3:30 pm et. event: brixmor property group presentation at citi's 2024 global property ceo conference when: 2:55 pm et, monday, march 4, 2024 live webcast: citi's 2024 global property ceo conference under the investors tab at https://www.brixmor.com a replay of the webcast will be available through march 5, 2024.

- achieved record total and small shop leased occupancy - new york , feb. 12, 2024 /prnewswire/ -- brixmor property group inc. (nyse: brx) ("brixmor" or the "company") announced today its operating results for the three and twelve months ended december 31, 2023.  for the three months ended december 31, 2023 and 2022, net income was $0.24 per diluted share and $0.35 per diluted share, respectively, and for the twelve months ended december 31, 2023 and 2022, net income was $1.01 per diluted share and $1.17 per diluted share, respectively.

U.S. equity markets advanced for a second week while benchmark interest rates retreated from five-month highs after a critical slate of employment data showed a long-awaited cooldown in hiring trends. Foreshadowed by "dovish" remarks from Fed Chair Powell at the FOMC's policy meeting, payrolls data showed that job growth slowed to six-month lows while wage growth cooled to three-year lows. Following its best week since November, the S&P 500 advanced 0.6%, while bonds caught a bid this week across the yield and maturity curve.

Brixmor Property Group increased its NAREIT FFO (+2.7% vs. 2023) and NOI (+3.9%) 2024 growth guidance. The company's improving occupancy, rising net operating income, and attractive market cap rate make its shares look very attractive. Brixmor enjoys a very strong standing with anchor tenants, with anchor releasing spreads a key NOI driver.

Brixmor Property Group Inc. (NYSE:BRX ) Q1 2024 Earnings Call Transcript April 30, 2024 10:00 AM ET Company Participants Stacy Slater - Senior Vice President of Investor Relations Brian Finnegan - Interim CEO and President Steven Gallagher - Interim Chief Financial Officer Mark Horgan - Chief Investment Officer Conference Call Participants Samir Khanal - Evercore ISI Todd Thomas - KeyBanc Capital Markets Inc. Alexander Goldfarb - Piper Sandler Juan Sanabria - BMO Capital Markets Craig Mailman - Citigroup Inc. Haendel St. Juste - Mizuho Securities Dori Kesten - Wells Fargo Securities, LLC Jeff Spector - Bank of America Greg McGinniss - Scotiabank Floris Van Dijkum - Compass Point Tayo Okusanya - Deutsche Bank Caitlin Burrows - Goldman Sachs Anthony Powell - Barclays Mike Mueller - JPMorgan Paulina Rojas - Green Street Advisors Linda Tsai - Jefferies Ki Bin Kim - Truist Securities Operator Greetings, and welcome to the Brixmor Property Group Incorporated...

Although the revenue and EPS for Brixmor (BRX) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

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Brixmor Property Group Inc. (BRX) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Brixmor (BRX) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Brixmor Property (BRX) came out with quarterly funds from operations (FFO) of $0.51 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.49 per share a year ago.

Brixmor Property Group is an appealing pick for income investors seeking exposure to quality real estate with growing fundamentals. BRX owns 364 retail centers, with 74% of its properties being grocery-anchored, making them less susceptible to economic and e-commerce disruptions. BRX has demonstrated strong portfolio fundamentals, with high occupancy rates, rent growth, and a strong balance sheet.