BRX Stock Recent News

- Continued to Deliver Record Operating Metrics - - Increased Nareit FFO and Same Property NOI Growth Expectations For 2024 - - Announced Executive Promotions - NEW YORK , July 29, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today its operating results for the three and six months ended June 30, 2024.  For the three months ended June 30, 2024 and 2023, net income was $0.23 per diluted share and $0.19 per diluted share, respectively, and for the six months ended June 30, 2024 and 2023, net income was $0.52 per diluted share and $0.56 per diluted share, respectively.

Brixmor (BRX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

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NEW YORK , July 1, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today the release of its fifth annual Corporate Responsibility (CR) Report, which provides a comprehensive overview of the Company's strategy to improve the environmental, social, and economic well-being of its stakeholders, as well as measurements and case studies that highlight Brixmor's progress with respect to its CR goals. "Our CR principles align with our core values, our vision, and our mission," stated James Taylor, Chief Executive Officer and President.

Brixmor (BRX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

NEW YORK , June 11, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) today announced that it will release its 2024 second quarter earnings on Monday, July 29, 2024 after the market close. Brixmor will host a teleconference on Tuesday, July 30, 2024 at 10:00 AM ET.

Increased online sales activity during the pandemic highlighted the importance of an omnichannel strategy for retailers. Retail store openings are expected to surpass closings for the third consecutive year in 2024, signaling a shift from the "retail apocalypse" narrative. The lack of new retail development and the surge in demand are driving strong rental growth, but recurring capital expenditures and interest expenses are limiting bottom-line growth.

Shopping centers have experienced a lack of development in the last 15 years, leading to full occupancy. The feedback mechanisms that usually regulate real estate cycles may not work in shopping centers, allowing for a prolonged period of outsized growth. Rental rates in shopping centers are still below the level needed for development to become viable, indicating a potential golden age for the sector.

NEW YORK , May 22, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today that its operating partnership, Brixmor Operating Partnership LP (the "Operating Partnership"), priced an offering of $400 million aggregate principal amount of 5.750% Senior Notes due 2035 (the "Notes"). The Notes will be issued at 99.222% of par value with a coupon of 5.750%.

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.