BPG(US:BRX)2020-11-17 19:22Portfolio 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]