Financial Performance - For the three months ended December 31, 2024, the company reported a total revenue of $150 million, representing a 10% increase year-over-year[7]. - The company's Net Operating Income (NOI) for the same period was $100 million, reflecting a 12% growth compared to the previous year[7]. - Total revenues for the three months ended December 31, 2024, were $328,442,000, compared to $316,485,000 for the same period in 2023, representing a 3.1% increase[14]. - Net income attributable to Brixmor Property Group, Inc. for the three months ended December 31, 2024, was $83,404,000, up from $72,697,000 in 2023, reflecting a 14.9% growth[14]. - Same property NOI performance increased by 4.7% for the three months ended December 31, 2024, compared to 3.1% for the same period in 2023[14]. - Nareit FFO per diluted share for the three months ended December 31, 2024, was $0.53, an increase from $0.51 in the prior year[14]. - The company reported a dividend payout ratio of 54.4% for the three months ended December 31, 2024, compared to 53.0% in the same period last year[26]. - Net income attributable to Brixmor Property Group, Inc. for the twelve months ended December 31, 2024, was $339,274, representing a 11.2% increase from $305,087 in the previous year[21]. - Adjusted EBITDA for the twelve months ended December 31, 2024, was $872,810, an increase of 7.9% compared to $809,007 for the previous year[23]. - Nareit FFO for the three months ended December 31, 2024, was $161,439, a 4.8% increase from $154,669 in the same period last year[26]. Occupancy and Leasing - The company achieved a 90% occupancy rate across its properties, maintaining stability in its leasing portfolio[7]. - The percent leased as of December 31, 2024, was 95.2%, slightly down from 95.6% in the previous quarter[14]. - Same Property NOI for the three months ended December 31, 2024, increased by 4.7% to $225,555,000 compared to $215,494,000 for the same period in 2023[32]. - The percentage of properties leased increased to 95.4% for both the three and twelve months ended December 31, 2024, compared to 94.9% and 94.8% respectively in 2023[32]. - The company reported a total of 366 leases with a Gross Leasable Area (GLA) of 2,531,648 square feet and an average Base Rent (ABR) of $17.51 per square foot for the three months ended December 31, 2024[92]. - The average rent per square foot for small shop leases (< 10,000 SF) was $28.91, reflecting a robust market for smaller retail spaces[92]. - The lease expiration schedule indicates that 8.9% of the total portfolio GLA will expire in 2025, with an ABR PSF of $14.01[99]. Revenue Growth and Projections - Future guidance projects a revenue growth of 8% for the next fiscal year, driven by new lease agreements and market expansion strategies[7]. - The company provided guidance for 2025, projecting Nareit FFO per diluted share to be between $2.19 and $2.24[14]. - The company reported a year-over-year increase in rental income of 8%, driven by new leases and renewals[116]. - Future projections suggest a potential revenue growth of 15% in the upcoming fiscal year due to new tenant agreements[126]. Debt and Financial Ratios - The debt-to-EBITDA ratio stands at 4.0, indicating a stable leverage position relative to earnings[7]. - The net principal debt to adjusted EBITDA ratio for the current quarter annualized was 5.7x, consistent with the previous quarter[14]. - The interest coverage ratio for the trailing twelve months was 4.0x as of December 31, 2024, compared to 4.2x in 2023[35]. - The aggregate debt test shows a ratio of 44.5%, well below the 65% limit[43]. - The unencumbered asset ratio stands at 224.7%, exceeding the required 150%[43]. Acquisitions and Development - The company is exploring potential acquisitions to expand its market presence, targeting properties in high-growth areas[7]. - A total of 15 new leases were signed during the quarter, contributing an additional $5 million in annualized rental income[7]. - The company is focusing on the development of new shopping centers, with an estimated investment of $50 million planned for 2025[7]. - Total acquisitions for the twelve months ended December 31, 2024, reached $293,010, covering 1,330,189 square feet[51]. - The company completed acquisitions including Huron Village for $29,250 and Britton Plaza for $60,500, with occupancy rates of 97.2% and 83.0% respectively[51]. Tenant Mix and Market Strategy - The company emphasizes the importance of tenant diversification and property enhancement to drive future revenue growth[58]. - Major tenants in the properties sold include Dream Market, Dollar Tree, and Planet Fitness, indicating a diverse tenant mix[54]. - The company is focusing on market expansion through strategic repositioning and redevelopment of existing properties[57]. - The company has diversified its tenant mix, featuring major tenants such as Trader Joe's, Sam's Club, and Costco across various locations[111]. Technology and Operational Efficiency - The company plans to enhance its technology infrastructure to improve tenant engagement and operational efficiency, with a budget allocation of $2 million for 2025[7]. - The company is investing in technology to improve property management efficiency and tenant experience, aiming for a 15% reduction in operational costs[116]. - The company has initiated a sustainability program aimed at reducing energy consumption by 20% across its properties by 2026[116]. Future Outlook - The company is actively pursuing new acquisition opportunities to further diversify its property holdings[130]. - Future outlook remains positive with ongoing market expansion and a commitment to maintaining high occupancy rates across all properties[118]. - The company plans to continue investing in new properties to enhance its portfolio and drive future growth[105].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to_____ 212-869-3000 (Registrant's Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: Commission File Number: 001-36160 ( ...

- Continues to Leverage Strong Tenant Demand - NEW YORK, Feb. 10, 2025 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today its operating results for the three and twelve months ended December 31, 2024.  For the three months ended December 31, 2024 and 2023, net income attributable to Brixmor Property Group, Inc. was $0.27 per diluted share and $0.24 per diluted share, respectively, and for the twelve months ended December 31, 2024 and 2023, net income attribu ...

NEW YORK, Jan. 15, 2025 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today the tax reporting information for the 2024 distributions on its common stock. The tax reporting information as it will be reported on the Form 1099-DIV, on a per share basis, is as follows:COMMON SHARES (NYSE: BRX); CUSIP # 11120U105 Record Date Payable Date Total Distribution Per Share Total Ordinary Dividends Total Capital Gain Distributions Unrecaptured Sec.1250 Gain (1) Re ...

Core Insights - Brixmor Property Group Inc. announced its investment activity for the three and twelve months ended December 31, 2024, highlighting a disciplined strategy focused on clustering its portfolio in attractive markets for long-term value and earnings growth [1][2] Investment Activity - During Q4 2024, the company acquired four shopping centers and one land parcel for a total of $211.8 million [4] - For the full year 2024, Brixmor acquired seven shopping centers and two land parcels for a total of $293.0 million [4] - Notable acquisitions in Q4 2024 include: - The Plaza at Buckland Hills for $67.5 million, a 308,000 square foot grocery-anchored center in Manchester, Connecticut [4] - Britton Plaza for $60.5 million, a 466,000 square foot center in South Tampa, Florida, with significant redevelopment potential [4] - North Ridge Shopping Center for $54.6 million, a 171,000 square foot center in Raleigh, North Carolina, offering substantial value creation opportunities [4] - Huron Village for $29.3 million, a 118,000 square foot center in Ann Arbor, Michigan, with near-term remerchandising opportunities [4] Dispositions - In Q4 2024, Brixmor generated approximately $69.3 million from the disposition of one shopping center and two partial properties [4] - For the full year 2024, the company generated approximately $212.4 million from the sale of six shopping centers and eight partial properties [4] Capital Structure - In Q4 2024, Brixmor raised approximately $96.6 million from the sale of about 3.4 million shares of common stock at an average price of $28.77 per share [4] - For the full year 2024, the company raised approximately $116.6 million from the sale of about 4.1 million shares at an average price of $28.62 per share [4] Company Overview - Brixmor is a real estate investment trust (REIT) that operates a national portfolio of open-air shopping centers, comprising approximately 63 million square feet of retail space [6] - The company partners with over 5,000 retailers, including major brands like The TJX Companies and Publix Super Markets [6]

NEW YORK, Dec. 20, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today that Moody's Investor Services ("Moody's") raised its issuer credit ratings on Brixmor Property Group Inc. and the Company's operating partnership, Brixmor Operating Partnership LP, to 'Baa2' from 'Baa3', with a stable outlook. Moody's indicated in their announcement that this upgrade reflects the Company's consistently strong operating results, strong asset quality, and improved leve ...

Real estate activity has been very low for the last two years as macroeconomic uncertainty encouraged would-be participants to take a wait and see approach. During this time, demand was not shut off, it was just delayed, creating a large backlog. A slew of factors has been creating uncertainty: Fed activity Presidential election Recession or soft landing Many companies, perhaps wisely, have waited for more clarity in the face of such uncertainty before pulling the trigger on new activity. These factors ar ...

Full time trader and investor. Instead of lengthy and boring articles, I prefer writing concise arguments about value stocks. My goal is to identify great entry levels. Prices that you can remember years later and say "it was a great time to buy". My focus is on quality US large caps but may invest in mid caps occasionally. Dividends are good, but capital appreciation matters. Finding a balance between both is an art. I like to apply famous Warren Buffet principles. Investing is simple but not easy. Unlike ...

Brixmor Property Group Inc. (NYSE:BRX) Q3 2024 Earnings Conference Call October 29, 2024 10:00 AM ET Company Participants Samantha Strong - VP, IR Jim Taylor - CEO Brian Finnegan - President and COO Steve Gallagher - EVP and CFO Mark Horgan - EVP and CIO Conference Call Participants Juan Sanabria - BMO Capital Markets Viktor Fediv - Scotiabank Todd Thomas - KeyBanc Capital Markets Jeff Spector - Bank of America Floris van Dijkum - Compass Point Ki Bin Kim - Truist Securities Craig Mailman - Citi Alexander G ...

For the quarter ended September 2024, Brixmor Property (BRX) reported revenue of $320.68 million, up 4.4% over the same period last year. EPS came in at $0.52, compared to $0.21 in the year-ago quarter. The reported revenue represents a surprise of -0.12% over the Zacks Consensus Estimate of $321.07 million. With the consensus EPS estimate being $0.53, the EPS surprise was -1.89%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...