Brixmor Property Group Inc
NYSE:BRX

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Brixmor Property Group Inc
NYSE:BRX
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Price: 25.86 USD -1.75% Market Closed
Market Cap: 7.8B USD

Brixmor Property Group Inc
Investor Relations

Brixmor Property Group Inc. stands out as a major player in the real estate industry, specializing in owning and operating open-air retail shopping centers. With a portfolio sprawling across various geographic locales in the United States, Brixmor is strategically positioned to attract a diverse mix of tenants, ranging from national retail chains to local businesses. The company's core expertise lies in identifying attractive retail properties and then skillfully managing them to optimize tenant relationships and enhance consumer traffic. By focusing on well-located centers that serve growing communities, Brixmor secures reliable rental income streams and positions itself to benefit from the underlying land value appreciation.

Financially, Brixmor generates revenue primarily through leasing space to tenants, with rental income being its foundational earnings pillar. The company leverages long-term leases that often include provisions for percentage rent, a percentage of sales from some tenants, adding a dynamic revenue stream tied to tenant success. Additionally, Brixmor constantly enhances property appeal and functionality, investing in renovations and modernizations that attract higher-quality tenants and command competitive rents. This comprehensive approach to property management ensures Brixmor maintains high occupancy rates and sustains a steady cash flow, which is further bolstered through strategic leasing practices and redevelopment projects.

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Earnings Calls

2024 Q3
Oct 29, 2024
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Brixmor Property Group: Strong Growth Ahead with Increased NOI and FFO Guidance
2024 Q3
Oct 29, 2024

In its third quarter, Brixmor Property Group reported solid growth, with same-property NOI projected to rise between 4.75% and 5.25%. NAREIT FFO guidance for 2024 is now between $2.13 and $2.15 per share, marking a consistent increase of 5%. The company saw strong tenant demand, reflected in a $59 million signed but not commenced pool of rent, set to commence at 27% higher than current rents. With a focus on enhancing tenant quality, Brixmor is confident about long-term growth, expecting NOI growth to exceed 4% in 2025 as new leases and renovations start yielding returns.

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Management

Mr. James M. Taylor Jr.
CEO & Director
No Bio Available
Mr. Brian T. Finnegan
President & COO
No Bio Available
Mr. Mark T. Horgan
Executive VP & Chief Investment Officer
No Bio Available
Mr. Steven F. Siegel J.D.
Executive VP, General Counsel & Secretary
No Bio Available
Mr. Steven T. Gallagher
Executive VP, CFO & Treasurer
No Bio Available
Mr. Kevin Brydzinski
Senior VP & Chief Accounting Officer
No Bio Available
Ms. Helane G. Stein
Executive VP & Chief Information Officer
No Bio Available
Ms. Stacy Slater
Senior Vice President of Investor Relations & Capital Markets
No Bio Available
Ms. Kristen Moore
Senior Vice President of Marketing
No Bio Available
Ms. Shea Taylor
Executive VP & Chief Talent Officer
No Bio Available

Contacts

Address
NEW YORK
New York City
450 Lexington Ave
Contacts
+12128693000.0
brixmor.com