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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. First Quarter 2024 Earnings Conf

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.

REITs have risen a lot in recent weeks. But not all REITs participated in this recent rally. Here are two REITs that remain heavily discounted.

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