Brixmor Property Group Inc. (BRX)

NYSE: BRX · Real-Time Price · USD
29.63
-0.06 (-0.20%)
Nov 20, 2024, 4:00 PM EST - Market closed
-0.20%
Market Cap 8.95B
Revenue (ttm) 1.27B
Net Income (ttm) 327.94M
Shares Out 302.06M
EPS (ttm) 1.08
PE Ratio 27.43
Forward PE 30.84
Dividend $1.15 (3.88%)
Ex-Dividend Date Jan 3, 2025
Volume 1,551,756
Open 29.57
Previous Close 29.69
Day's Range 29.43 - 29.70
52-Week Range 20.80 - 29.70
Beta 1.55
Analysts Buy
Price Target 28.50 (-3.81%)
Earnings Date Oct 28, 2024

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 64 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]

Industry REIT - Retail
Sector Real Estate
IPO Date Oct 30, 2013
Employees 513
Stock Exchange NYSE
Ticker Symbol BRX
Full Company Profile

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 Statements

Analyst Forecast

According to 13 analysts, the average rating for BRX stock is "Buy." The 12-month stock price forecast is $28.5, which is a decrease of -3.81% from the latest price.

Price Target
$28.5
(-3.81% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

Other symbols: CTODLREGPREG
16 days ago - Seeking Alpha

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 ...

17 days ago - Seeking Alpha

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 ...

22 days ago - Seeking Alpha

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...

23 days ago - PRNewsWire

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 ...

Other symbols: AMHAPLEBXEGPEXRFCPTGNL
7 weeks ago - Seeking Alpha

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...

Other symbols: EBFSLF
2 months ago - Seeking Alpha

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...

2 months ago - Seeking Alpha

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...

Other symbols: AREWPC
2 months ago - Seeking Alpha

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...

Other symbols: AKRALEXBFSCTOFRTIVTKIM
2 months ago - Seeking Alpha

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...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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 ...

4 months ago - Seeking Alpha

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...

4 months ago - Seeking Alpha

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/ -...

4 months ago - 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...

Other symbols: AHRAMHAMTBXPCCICOLDCPT
5 months ago - Seeking Alpha

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...

5 months ago - PRNewsWire

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. ...

5 months ago - PRNewsWire

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...

Other symbols: FRTIVTKIMSPG
5 months ago - Seeking Alpha

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...

Other symbols: KIMKRGPECOWSR
6 months ago - Seeking Alpha

Rally Gets Reality Check

U.S. equity markets snapped a four-week winning streak while benchmark interest rates rebounded as hopes for imminent major central bank monetary easing were curtailed by stubbornly hot U.K. inflation...

6 months ago - Seeking Alpha

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...

6 months ago - PRNewsWire

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 ...

6 months ago - PRNewsWire

The Labor Downshift

U.S. equity markets advanced for a second week while benchmark interest rates retreated from five-month highs after a critical slate of employment data showed a long-awaited cooldown in hiring trends....

7 months ago - Seeking Alpha

Brixmor Property Group: Occupancy And NOI Rising, The Stock Will Follow

Brixmor Property Group increased its NAREIT FFO (+2.7% vs. 2023) and NOI (+3.9%) 2024 growth guidance. The company's improving occupancy, rising net operating income, and attractive market cap rate ma...

7 months ago - Seeking Alpha

Brixmor Property Group Inc. (BRX) Q1 2024 Earnings Call Transcript

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 - Int...

7 months ago - Seeking Alpha