BRX Stock Recent News

The company's centers are primarily grocery-anchored, making them essential for everyday living, and have a record portfolio leased rate of 94%. BRX is supported by investment-grade credit ratings and a well-covered dividend, with a potential for another dividend increase next year. Its shopping centers have strong leased fundamentals, record occupancy rates, and low new supply, making it an attractive option for income investors.

Brixmor Property (BRX) came out with quarterly funds from operations (FFO) of $0.50 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to FFO of $0.49 per share a year ago.

Grocery-Anchored Real Estate: Brixmor's Discipline Surpasses RPT's Value

Spreads often are the source of opportunity. When a spread is wider or narrower than its natural state, it may be a good time to buy or sell, respectively.

Financial sector and REIT stocks rose in premarket trades on Friday after weekly data on commercial bank borrowing from the U.S. Federal Reserve signaled less stress on the U.S. financial system. Among the gainers, Spirit Realty Capital Inc. SRC, +1.42% , Zions Bancorp N.A.

Two ways REITs can raise cash for investment are by selling stock or by retaining earnings. Each can, in the right circumstances, produce a large rate of growth.

Brixmor Property Group Inc. (NYSE:BRX ) Q4 2022 Earnings Conference Call February 14, 2023 9:30 AM ET Company Participants Stacy Slater - SVP-IR and Capital Markets Jim Taylor - CEO and President Angela Aman - EVP and CFO Mark Horgan - EVP and CIO Brian Finnegan - EVP and CRO Conference Call Participants Craig Schmidt - Bank of America Todd Thomas - KeyBanc Capital Juan Sanabria - BMO Capital Ki Bin Kim - Truist Greg McGinniss - Scotiabank Anthony Powell - Barclays Craig Mailman - Citi Haendel St Juste - Mizuho Alexander Goldfarb - Piper Sandler Floris van Dijkum - Compass Point Mike Mueller - JPMorgan Tayo Okusanya - Credit Suisse Linda Tsai - Jefferies Operator Greetings and welcome to Brixmor Property Group Incorporated Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Brixmor (BRX) delivered FFO and revenue surprises of 0% and 0.91%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Brixmor Property is a large shopping center REIT that flies under the radar for many investors. It's demonstrating very strong operating fundamentals and is positioned for continued meaningful dividend growth.

Brixmor continues to deliver solid results with gains in leasing driving same-store NOI. The company has successfully completed redevelopment projects at attractive yields and has an active redevelopment pipeline which should create additional shareholder value.