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 ...

Brixmor Property (BRX) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. 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 analysts, as thes ...

NEW YORK, June 11, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) today announced that it will release its 2024 second quarter earnings on Monday, July 29, 2024 after the market close. Brixmor will host a teleconference on Tuesday, July 30, 2024 at 10:00 AM ET. Event: Brixmor Property Group's Second Quarter Earnings Results When: 10:00 AM ET, Tuesday, July 30, 2024 Live Webcast: Brixmor 2Q 2024 Earnings Call under the Investors tab at https://www.brixmor.com Dial #: 1.877.704.4453 (Internation ...

E-commerce Impact on Retail - E-commerce has significantly influenced commercial real estate, shifting the narrative from the "death of brick-and-mortar" to the importance of an omnichannel strategy [1][2] - Retail sales in the U.S. have grown at an average rate of approximately 4% since 2001, with e-commerce growing at 17.1% annually, leading to e-commerce sales comprising over 15% of total retail sales in 2023 [2] Retail Development Trends - 2024 is projected to be the third consecutive year with more physical retail store openings than closings, marking a shift from the previous decade's retail apocalypse [1] - New retail development has been minimal over the past decade, with construction and financing costs suppressing activity, resulting in a strong demand-supply imbalance in commercial real estate [1][12] Rental Growth and AFFO Challenges - Despite strong rental growth, factors such as increased interest expenses and elevated recurring capital expenditures are hindering adjusted funds from operations (AFFO) per share growth [1] - Retail REITs often highlight impressive leasing metrics without adequately addressing the associated costs, which can obscure the true economic gains from leasing activities [1] Tenant Retention Strategies - Increasing tenant retention is crucial for reducing recurring capital expenditures and enhancing long-term AFFO growth, even if renewal rental increases are lower than new leases [1][15] - The focus on retaining existing tenants can minimize downtime and associated costs, ultimately driving stronger cash flow growth [15] Market Dynamics and Future Outlook - The retail leasing environment is currently strong, with double-digit re-leasing spreads observed last year, but higher rents have not consistently translated to improved bottom lines due to various costs [4][18] - The potential for a ramp in retail activity is anticipated around late 2025, but current analysis does not support a significant overweight in the sector [1][18] Case Studies and Examples - Target's online sales increased from approximately 9% in 2019 to 18% in 2023, highlighting the importance of physical stores for fulfillment and profitability [2] - Brixmor Property Group (BRX) has successfully repositioned its portfolio, resulting in a 34% increase in average rents since 2015, although the stock price has not reflected this improvement [13]

Luis Alvarez We have already discussed how strong shopping center fundamentals are, given the lack of development in the last 15 years and demand approaching a point of full occupancy. The question I want to address today is – How long can it last? To address this question, let us first explore the mechanisms that govern the length of a real estate cycle. The length of a real estate cycle Real estate is inherently cyclical, as it has internal feedback mechanisms that keep it in check. When a given property ...

NEW YORK, May 22, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today that its operating partnership, Brixmor Operating Partnership LP (the "Operating Partnership"), priced an offering of $400 million aggregate principal amount of 5.750% Senior Notes due 2035 (the "Notes"). The Notes will be issued at 99.222% of par value with a coupon of 5.750%. Interest on the Notes is payable semi-annually on February 15 and August 15 of each year, beginning August 15 ...

NEW YORK, May 10, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today that James M. Taylor Jr. will return from his medical leave of absence and reassume his duties as the Company's Chief Executive Officer and President, effective May 20, 2024. Brian T. Finnegan, who has served as interim Chief Executive Officer and President, will continue in his position as Senior Executive Vice President and Chief Operating Officer. CONNECT WITH BRIXMOR For additiona ...

Brixmor Property Group Inc. (NYSE:BRX) Q1 2024 Earnings Call Transcript April 30, 2024 10:00 AM ET Company Participants Stacy Slater - Senior Vice President of Investor Relations Brian Finnegan - Interim CEO and President Steven Gallagher - Interim Chief Financial Officer Mark Horgan - Chief Investment Officer Conference Call Participants Samir Khanal - Evercore ISI Todd Thomas - KeyBanc Capital Markets Inc. Alexander Goldfarb - Piper Sandler Juan Sanabria - BMO Capital Markets Craig Mailman - Citigroup Inc ...

Adjacent to the Orange County Convention Center on International Drive, Live! at The Pointe Orlando Will Bring an Unmatched Dining, Entertainment, Nightlife and Social Experience to Orlando's Tourism CorridorLive! is Now Hiring Over 300 Team Members for a Variety of Part-Time and Full-Time Positions in Orlando ORLANDO, Fla., April 30, 2024 /PRNewswire/ -- The Cordish Companies announced today that their 73,000-square-foot dining and entertainment destination at Pointe Orlando will take on the Company's nati ...