Brixmor Property Group Inc. (BRX)
Market Cap | 8.28B |
Revenue (ttm) | 1.27B |
Net Income (ttm) | 327.94M |
Shares Out | 302.06M |
EPS (ttm) | 1.08 |
PE Ratio | 25.37 |
Forward PE | 28.51 |
Dividend | $1.15 (4.20%) |
Ex-Dividend Date | Jan 3, 2025 |
Volume | 5,334,278 |
Open | 27.30 |
Previous Close | 27.09 |
Day's Range | 27.07 - 27.81 |
52-Week Range | 20.80 - 30.67 |
Beta | 1.57 |
Analysts | Buy |
Price Target | 29.32 (+7.01%) |
Earnings Date | Feb 10, 2025 |
About BRX
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 360 retail centers comprise approximately 63 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to over 5,000 retailers incl... [Read more]
Financial Performance
In 2023, Brixmor Property Group's revenue was $1.25 billion, an increase of 2.21% compared to the previous year's $1.22 billion. Earnings were $304.26 million, a decrease of -13.85%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for BRX stock is "Buy." The 12-month stock price forecast is $29.32, which is an increase of 7.01% from the latest price.
News
MOODY'S INVESTOR SERVICES UPGRADES BRIXMOR PROPERTY GROUP CREDIT RATING TO 'Baa2'
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 rating...
BRIXMOR PROPERTY GROUP ANNOUNCES FOURTH QUARTER 2024 EARNINGS RELEASE AND TELECONFERENCE DATES
NEW YORK , Dec. 10, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) today announced that it will release its 2024 fourth quarter earnings on Monday, February 10, 2025 after the market clo...
Property Type Round-Up From REITworld 2024
REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior h...
It Is SNOing In November For REITs
Real estate activity is rebounding as macroeconomic uncertainties clear, with significant leasing volume in data centers and retail sectors, leading to future revenue visibility. SNO leases in data ce...
Brixmor Property Group: Weighing The Impact Of Non-Essential Retail And Tenant Quality
Brixmor Property Group has delivered over 37% total returns since November 2023, with a current forward yield of 4.16% and a low P/FFO multiple of 12.92x. Looking at BRX stock, I can see a compelling ...
Brixmor Property Group Inc. (BRX) Q3 2024 Earnings Call Transcript
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 ...
BRIXMOR PROPERTY GROUP REPORTS THIRD QUARTER 2024 RESULTS
- Delivered Record Occupancy and ABR PSF - NEW YORK , Oct. 28, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today its operating results for the t...
Hurricane Helene: REIT Property Damage Report
Hurricane Helene caused significant flooding in Ashville, NC, and Atlanta, GA, impacting numerous REIT-owned properties, but the financial impact on REITs is likely less severe than it appears. REITs ...
Best Dividend Stocks For An Autumn Slump
Autumn is historically a challenging season for investors, due to a pattern of heightened volatility, lower returns, and October's reputation for financial crises contributing to weaker investor senti...
Brixmor: A Dividend Growth Stock At A Good Price
Brixmor Property Group offers strong growth potential with attractive dividend increases, manageable debt, and a well-diversified portfolio. The REIT's 100% fixed-rate and unsecured debt as well as it...
If I Was Retiring In 10-20 Years With 10 REITs - Part 1
This series will focus on REITs suitable for pre-retirees, addressing diversification and Buffett's "punch card" rule, emphasizing careful asset selection. Diversification is crucial for most investor...
Shopping Center REITs Are Hot: Pick A Winner
The current environment is favorable for REITs, with normalized prices, falling Treasury yields, and expected prime rate cuts. Shopping Center REITs offer above-average yields (3.88%) and superior gro...
BRIXMOR PROPERTY GROUP ANNOUNCES THIRD QUARTER 2024 EARNINGS RELEASE AND TELECONFERENCE DATES
NEW YORK , Sept. 4, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) today announced that it will release its 2024 third quarter earnings on Monday, October 28, 2024 after the market close...
Brixmor Property Group To Present At BofA Securities 2024 Global Real Estate Conference
NEW YORK , Aug. 29, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) today announced that the Company will present at the BofA Securities 2024 Global Real Estate Conference on Tuesday, Sep...
Brixmor Property Group Inc. (BRX) Q2 2024 Earnings Call Transcript
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 ...
Brixmor Property: Strong Leasing Boosts Q2 Results And Creates Further Upside
Brixmor Property Group shares have risen 8% in the past year despite interest rate pressures, with momentum building on expectations of Federal Reserve rate cuts. Q2 results showed strong leasing acti...
BRIXMOR PROPERTY GROUP REPORTS SECOND QUARTER 2024 RESULTS
- Continued to Deliver Record Operating Metrics - - Increased Nareit FFO and Same Property NOI Growth Expectations For 2024 - - Announced Executive Promotions - NEW YORK , July 29, 2024 /PRNewswire/ -...
Equity REITs: Takeaways From REITWeek 2024
Overall positive outlook for REIT industry with decline in development activity, potential for increased transaction market activity, and well-capitalized REITs poised for growth. Key themes from REIT...
BRIXMOR PROPERTY GROUP ISSUES ANNUAL CORPORATE RESPONSIBILITY REPORT
NEW YORK , July 1, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today the release of its fifth annual Corporate Responsibility (CR) Report, which...
BRIXMOR PROPERTY GROUP ANNOUNCES SECOND QUARTER 2024 EARNINGS RELEASE AND TELECONFERENCE DATES
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. ...
Retail REITs: Near Term Capex Caution Despite Strong Fundamentals
Increased online sales activity during the pandemic highlighted the importance of an omnichannel strategy for retailers. Retail store openings are expected to surpass closings for the third consecutiv...
The Shopping Center Golden Age Has Longevity
Shopping centers have experienced a lack of development in the last 15 years, leading to full occupancy. The feedback mechanisms that usually regulate real estate cycles may not work in shopping cente...
BRIXMOR PROPERTY GROUP PRICES OFFERING OF SENIOR NOTES
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 "Oper...
BRIXMOR PROPERTY GROUP CHIEF EXECUTIVE OFFICER AND PRESIDENT JAMES M. TAYLOR TO RETURN FROM MEDICAL LEAVE OF ABSENCE
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 ...