Portfolio Overview - Brixmor owns 389 shopping centers with 68 million square feet of gross leasable area (GLA)[2, 3] - The portfolio is diversified across approximately 125 Metropolitan Statistical Areas (MSAs) in the US[3] - Approximately 70% of the centers are grocery-anchored[4, 15] - The billed percentage is 88.1% and the leased percentage is 91.1%[2, 27] Leasing and Productivity - New lease spreads for the trailing twelve months (TTM) are 19.3%[9] - In-place Annual Base Rent (ABR) per square foot (PSF) growth year-over-year (YOY) is 3.8%[10] - Over 700,000 square feet of new leases were executed in 2Q21[13, 17] - New lease ABR PSF reached a company record of $19.48 in 2Q21[13, 17] - New lease rent spreads were 19.8% in 2Q21[13, 20] Reinvestment and Capital Allocation - Since 2016, $2 billion of dispositions have been completed, improving the portfolio's 5-mile average household income by 20%[8, 15] - Over $570 million of accretive reinvestment projects have stabilized since year-end 2015[8, 42] - $400 million of acquisitions have been completed since 2016[15, 42] - $195 million of net estimated costs are expected for 2021 stabilizations across 42 projects, with an expected incremental Net Operating Income (NOI) yield of 10% and $130 million of value creation[14] Financial Position - Available liquidity stands at $1.7 billion[8, 16, 65] - Only $250 million of debt maturities are due through 2022[16] - The dividend payout ratio is 46.1% of NAREIT Funds From Operations (FFO) for the three months ended June 30, 2021[65]

Brixmor Property Group Inc. (NYSE:BRX) Q2 2021 Earnings Conference Call August 3, 2021 10:00 AM ET Company Participants Stacy Slater - SVP, IR and Capital Markets Jim Taylor - CEO and President Angela Aman - EVP and CFO Brian Finnegan - EVP and CRO Mark Horgan - EVP and CIO Conference Call Participants Jeffrey Spector - Bank of America Katy McConnell - Citigroup Todd Thomas - KeyBanc Capital Markets Alexander Goldfarb - Piper Sandler Juan Sanabria - BMO Capital Markets Caitlin Burrows - Goldman Sachs Ki ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to_____ Commission File Number: 001-36160 (Brixmor Property Group) Commission File Number: 333-256637-01 (Brixmor Operating Partnership LP) Brixmor Property Group In ...

Financial Data and Key Metrics Changes - NAREIT FFO was $0.44 per share in Q1 2021, reflecting $3 million or $0.01 per share of items impacting FFO comparability [19] - Same property NOI growth was negative 1.5% in Q1 2021, impacted by a 150 basis point year-over-year decline in build occupancy [20][21] - Total revenues deemed uncollectible totaled $4 million in Q1, representing an $8 million sequential improvement [22] Business Line Data and Key Metrics Changes - The company signed 1.4 million square feet of new and renewal leases with cash spreads on new leases of over 20% [11] - Small shop lease occupancy improved by 40 basis points during a typically slow quarter, reflecting strong demand [12] - The forward leasing pipeline stands at over 2.2 million square feet and $41.2 million of ABR [13] Market Data and Key Metrics Changes - The company is seeing demand across all core tenant categories, including specialty, grocery, and health and wellness [12] - The occupancy rate for cash basis tenants improved to 68.7% as of March 31, 2021, with continued improvement into April [24] Company Strategy and Development Direction - The company emphasizes the importance of having an attractive rent basis to enhance cap rates and drive growth [9] - The ongoing reinvestment program has delivered over $500 million at an average incremental return of nearly 10% [15] - The company is focused on leveraging its platform to capitalize on external growth opportunities, as evidenced by the recent acquisition of the Center of Bonita Springs [16][17] Management's Comments on Operating Environment and Future Outlook - Management is encouraged by the strength of new leasing demands and the recovery of small shop tenants [25] - The company updated its 2021 FFO expectations to a range of $1.60 to $1.70 per share, based on improved same property NOI growth [26] - Management remains optimistic about the recovery trajectory and the potential for rent growth as demand increases [62] Other Important Information - The company raised $350 million in the unsecured bond market to repay a term loan, maintaining a strong balance sheet with $1.6 billion in total liquidity [28] - The company has no debt maturities in 2021 and only $250 million remaining in 2022 [28] Q&A Session Summary Question: What should we expect moving throughout the year in terms of deal flow? - Management noted that the investment landscape is competitive, with institutional investors looking for value-add deals, but they remain encouraged by the breadth of opportunities [32] Question: Can you elaborate on the guidance that contemplates additional transactions? - The guidance includes expectations for acquisition and disposition activity, with a dilution range of $0.04 to $0.06 embedded within it [34] Question: What are the latest conversations with credit agencies regarding ratings? - Management expressed hope that the execution over the last year will address concerns related to the pandemic and highlight the stability of cash flow [41] Question: How has leasing activity evolved post-COVID? - Management reported that leasing volumes are significantly higher compared to 2020, with a strong balance between anchor and small shop leasing [48] Question: How are you managing cash basis tenants? - Management is taking a tenant-by-tenant approach, working with those who show potential for recovery while being assertive with those who continue to struggle [82] Question: What is the outlook for market rents? - Management is optimistic about the direction of rents, citing strong demand and competition for leasing space [85]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to_____ Commission File Number: 001-36160 (Brixmor Property Group) Commission File Number: 333-201464-01 (Brixmor Operating Partnership LP) Brixmor Property Group I ...

Brixmor Property Group Inc. (NYSE:BRX) Q4 2020 Earnings Conference Call February 12, 2021 10:00 AM ET Company Participants Stacy Slater - Head of IR Jim Taylor - CEO and President Angela Aman - EVP and CFO Brian Finnegan - EVP and Chief Revenue Officer Mark Horgan - EVP and CIO Conference Call Participants Samir Khanal - Evercore Todd Thomas - KeyBanc Capital Markets Katy McConnell - Citigroup Derek Johnston - Deutsche Bank Juan Sanabria - BMO Capital Markets Caitlin Burrows - Goldman Sachs Haendel St. Just ...

Portfolio Overview - As of December 31, 2020, Brixmor Property Group Inc. owned a portfolio of 393 shopping centers totaling approximately 69 million square feet of gross leasable area (GLA) with a billed occupancy of 88% and a leased occupancy of 91%[23] - BPG's portfolio consists of 393 shopping centers totaling approximately 69 million square feet of GLA as of December 31, 2020[116] - The geographic diversity of BPG's portfolio is significant, with properties located in the top 50 MSAs in the U.S.[116] - Approximately 70% of Brixmor's shopping centers are grocery-anchored, which remained open throughout 2020, supporting the resilience of its portfolio[26] Financial Performance - Total revenues for 2020 were $1,053,266, a decrease of 9.8% from $1,168,258 in 2019[144] - Net income attributable to common stockholders for 2020 was $121,173, a decline of 56.0% compared to $274,773 in 2019[144] - Basic net income per common share for 2020 was $0.41, down from $0.92 in 2019[144] - Cash dividends paid to common stockholders for the years ended December 31, 2020 and 2019 were $170.4 million and $334.9 million, respectively[207] - The company declared cash dividends of $0.500 per common share for the fiscal year ended December 31, 2020[142] Leasing Activity - During 2020, Brixmor executed 419 new leases representing approximately 2.3 million square feet and 1,381 total leases representing approximately 9.6 million square feet, achieving new lease rent spreads of 20.2%[26][28] - The weighted average expiring annualized base rent (ABR) per square foot of lease expirations through 2024 is $13.67, compared to an average ABR PSF of $15.46 for new and renewal leases signed during 2020[28] - Billed and leased occupancy rates as of December 31, 2020 were 87.8% and 90.7%, respectively, down from 89.3% and 92.4% in 2019[173] Capital Expenditures and Investments - The company deferred approximately $130 million in capital expenditures originally planned for 2020[171] - The company has identified a pipeline of future reinvestment projects aggregating approximately $900 million, with expected net operating income (NOI) yields consistent with recent realizations[31] - The company stabilized 25 anchor space repositioning and redevelopment projects with an aggregate anticipated cost of $113.2 million and a weighted average incremental NOI yield of 10%[31] Debt and Liquidity - As of December 31, 2020, Brixmor had $1.2 billion of available liquidity under its $1.25 billion revolving credit facility and $370.1 million of cash and cash equivalents[35] - The company had approximately $5.2 billion in aggregate principal amount of indebtedness outstanding as of December 31, 2020[76] - The company has entered into interest rate swap agreements on $800 million of its variable rate debt to mitigate interest rate risk[77] COVID-19 Impact - The COVID-19 pandemic has resulted in a significant increase in uncollectible revenues and straight-line rent receivable reversals compared to historical levels[59] - The company has provided rent relief to tenants on a case-by-case basis, primarily in the form of rent deferrals, due to increased tenant delinquencies during the pandemic[59] - The company did not engage in layoffs, furloughs, or pay reductions in response to the pandemic[43] Corporate Governance and Compliance - BPG's board of directors can change significant corporate policies without stockholder approval, which could adversely affect financial condition and cash flows[94] - BPG's charter allows the issuance of stock with terms that may discourage third-party acquisitions, potentially impacting stockholder value[95] - The company has established an ESG Steering Committee to oversee its Corporate Responsibility strategy and initiatives[46] Employee Engagement - The company achieved a 98% employee satisfaction rating and 97% participation in annual reviews and talent development surveys, reflecting its commitment to employee engagement and growth[40] Tax and REIT Compliance - BPG is required to distribute at least 90% of its REIT taxable income to stockholders annually, which may include distributions in BPG's own stock[112] - If BPG fails to maintain its REIT qualification, it could face substantial tax liabilities, reducing cash flows available for distribution to stockholders[102]

Portfolio Overview - Brixmor owns 395 shopping centers in the US[1], with a total GLA of 69 million square feet[2] - The average shopping center size is 176,000 square feet[2] - The portfolio is 75% community/neighborhood centers, 13% power centers, and 11% grocery-anchored regional centers[3] - Approximately 70% of the centers are grocery-anchored[1,10] Leasing and Collections - In 3Q20, Brixmor executed new leases for approximately 700,000 square feet at an ABR of $16.22 per square foot, with new lease rent spreads of 14%[6] - Brixmor addressed 92.9% of billed base rent for the three months ended September 30, 2020[12] - Brixmor collected 88.2% of billed base rent[12] - Rent deferral and abatement agreements represented 4.7% of billed base rent[12] Financial Position - Brixmor has $1.9 billion in available liquidity, including approximately $611 million in cash and $1.2 billion in revolver capacity[50] - The weighted average stated interest rate on debt is 3.7%, with a weighted average maturity of 5.5 years[51] - The company has no debt maturities until 2022[44] Corporate Responsibility - Over 41% electricity reduction from 2014 baseline for common area, like-for-like usage[66] - Over 47% greenhouse gas emissions reduction from 2014 baseline for common area, like-for-like utility use[66] - 53% of Brixmor's employees are female[64]

Financial Data and Key Metrics Changes - Third quarter cash collections improved to 88.2% compared to 84.5% for the six months ended September 30 [9] - NAREIT FFO for the third quarter was $0.36 per share, with same-property NOI growth at negative 9.3% [27] - Total liquidity improved by over $400 million to $1.9 billion, including over $600 million in cash [31] Business Line Data and Key Metrics Changes - New leasing production accelerated with nearly 700,000 square feet of new leases signed at an average cash spread of 14% [12] - The total leasing pipeline stands at over 2.1 million square feet and $36 million in annual base rent (ABR) [13] - Bad debt reserves decreased, reflecting a proactive management approach [11] Market Data and Key Metrics Changes - Over 97% of tenants are open and operating, with traffic levels trending around 92% of prior year levels [8] - The remaining 7% of ABR not addressed is concentrated in entertainment, small-format fitness, and full-service sit-down restaurants [10] - Rent collections for tenants on cash basis improved from 36% in Q2 to 57% in Q3, and over 58% in October [26] Company Strategy and Development Direction - The company aims to drive value and growth through disciplined spending and proactive tenant management [7] - Focus on community-centered properties and enhancing tenant mix with specialty grocery and quick-service restaurants [12][18] - The company plans to reinvest in its portfolio with a forward reinvestment pipeline of $373 million at an incremental return of 10% [15] Management's Comments on Operating Environment and Future Outlook - Management expects elevated levels of tenant failures due to the pandemic but believes the company can create value through its platform [19] - The reinstatement of the dividend at $0.215 per share reflects confidence in the company's forward plan [20] - Management is optimistic about the recovery of cash collections and tenant performance as the economy stabilizes [56] Other Important Information - The company has completed 120 reinvestment projects over four years, representing over $450 million of investment at an average incremental return of 10% [18] - The company is generating ample free cash flow and has no debt maturities until 2022 [31] Q&A Session Summary Question: What is the expected impact of remaining bankruptcy exposure? - Management estimates that about half of the ABR exposure from tenants in bankruptcy may be lost over time [35] Question: How is the portfolio performing in terms of below-market rents? - The company continues to demonstrate strong spreads on new leases, with expectations for mid-to-upper teen spreads in the coming quarters [37] Question: What is the outlook for tenant demand and leasing activity? - Management is encouraged by robust demand in categories such as specialty grocery and fast-casual restaurants, with leasing activity expected to grow [46][50] Question: How will the company deploy its capital in the near future? - The company plans to evaluate options for early debt repayment and fund redevelopment projects as confidence in the business improves [52] Question: How does the current dividend relate to taxable income? - The reinstated dividend is set conservatively to ensure it aligns with taxable income while allowing for capital retention for reinvestment [58][80]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to_____ Commission File Number: 001-36160 (Brixmor Property Group) Commission File Number: 333-201464-01 (Brixmor Operating Partnership LP) Brixmor Property Gro ...