Brixmor Property Group Inc. (NYSE:BRX) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Stacy Slater – Senior Vice President-Investor Relations and Capital Markets Jim Taylor – Chief Executive Officer Brian Finnegan – President and Chief Operating Officer Steve Gallagher – Executive Vice President and Chief Financial Officer Mark Horgan – Executive Vice President and Chief Investment Officer Conference Call Participants Todd Thomas – KeyBanc Capital Markets Dori Kesten – Wells ...

and and any 17 r f ff // J. Michael Jones Shares of Brixmor Property Group (NYSE:BRX) have been a modest performer over the past year, rising about 8%. Elevated interest rates have weighed on real estate valuations, though shares have seen some momentum recently as expectations around Federal Reserve rat cuts have risen. I last covered BRX in November, rating shares a buy, and since then, they have performed in line with the market, gaining 19%. With BRX just reporting Q2 results and rate cut hopes rising, ...

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. The reported revenue compares to the Zacks Conse ...

Brixmor Property (BRX) came out with quarterly funds from operations (FFO) of $0.54 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to FFO of $0.52 per share a year ago. These figures are adjusted for non-recurring items. The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call. There are no easy answers to this key question, but one reliab ...

Three Months Ended June 30, 2024 Note: Financial and operational information is unaudited. For additional information, please visit https://www.brixmor.com; follow Brixmor on LinkedIn at https://www.linkedin.com/company/brixmor, Facebook at https://www.facebook.com/Brixmor, Instagram at https://www.instagram.com/brixmorpropertygroup, and Youtube at https://www.youtube.com/user/Brixmor. This Supplemental Disclosure may contain forward-looking statements within the meaning of Section 27A of the Securities Act ...

Pursuant to the terms of the Company's unsecured debt agreements, the Company, among other things, is subject to the maintenance of various financial covenants. The Company was in compliance with these covenants as of June 30, 2024. As of June 30, 2024 and December 31, 2023, the Company had accrued interest of $58.2 million and $47.1 million outstanding, respectively. As of June 30, 2024, scheduled maturities of the Company's outstanding debt obligations were as follows: | --- | --- | --- | |--------------- ...

- Continued to Deliver Record Operating Metrics - - Announced Executive Promotions - Announced the following executive promotions, effective as of July 24, 2024: Brian T. Finnegan, the Company's Senior Executive Vice President, Chief Operating Officer has been promoted to President, Chief Operating Officer Steven T. Gallagher, the Company's Senior Vice President, Chief Accounting Officer and Interim Chief Financial Officer and Treasurer has been promoted to Executive Vice President, Chief Financial Officer ...

Brixmor Property (BRX) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analyst ...

Brixmor Property in Focus Looking at this fiscal year, BRX expects solid earnings growth. The Zacks Consensus Estimate for 2024 is $2.11 per share, which represents a year-over-year growth rate of 3.43%. High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during ...

Continued progress in support of Diversity and Inclusion initiatives, with an emphasis on inclusive recruitment and early career development; employee engagement, mentorship, and education; and enhanced transparency and accountability An average gender pay gap of zero for the fourth consecutive year Executive bonuses linked directly to the achievement of individual ESG goals Maintaining the highest score of "1" from ISS's Governance QualityScore, which reviews corporate governance quality and risk across fo ...