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Brixmor Property Group Announces Tax Reporting Information For 2020 Distributions

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Brixmor Property Group (NYSE: BRX) announced tax reporting information for its 2020 distributions on common stock. The key details include an ex-dividend date of January 3, 2020, with a record date of January 6, 2020, and a payable date of January 15, 2020. The total distribution amounts to $0.57000 per share, with all distributions classified as ordinary dividends. These distributions are significant for investors tracking tax implications for the year.

Positive
  • Total distribution of $0.57000 per share in ordinary dividends for 2020.
Negative
  • None.

NEW YORK, Jan. 19, 2021 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today the tax reporting information for the 2020 distributions on its common stock.  The tax reporting information as it will be reported on the Form 1099-DIV, on a per share basis, is as follows:

COMMON SHARES (NYSE: BRX); CUSIP # 11120U105

Ex-Dividend
Date

Record Date

Payable Date

Total Distribution

Per Share

Total Ordinary

Dividends

Total Capital
Gain
Distributions

Unrecaptured
Sec.1250 Gain (1)

Return of Capital

Section 199A
Dividends

1/03/20

1/06/20

1/15/20

$0.28500

$0.28500

$0.00000

$0.00000

$0.00000

$0.28500

4/03/20

4/06/20

4/15/20

$0.28500

$0.28500

$0.00000

$0.00000

$0.00000

$0.28500



Totals

$0.57000

$0.57000

$0.00000

$0.00000

$0.00000

$0.57000

(1) Represents additional characterization of amounts included in Total Capital Gain Distributions.

CONNECT WITH BRIXMOR

ABOUT BRIXMOR PROPERTY GROUP
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 395 retail centers comprise approximately 69 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 approximately 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets, Wal-Mart, Ross Stores and L.A. Fitness.

Brixmor announces material information to its investors in SEC filings and press releases and on public conference calls, webcasts and the "Investors" page of its website at www.brixmor.com. The Company also uses social media to communicate with its investors and the public, and the information Brixmor posts on social media may be deemed material information. Therefore, Brixmor encourages investors and others interested in the Company to review the information that it posts on its website and on its social media channels.

SAFE HARBOR LANGUAGE
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  These statements include, but are not limited to, statements related to the Company's expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements.  You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the sections entitled "Forward-Looking Statements" and "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2019 and the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov.  Currently, one of the most significant factors that could cause actual outcomes to differ materially from forward-looking statements is the adverse effect of the current pandemic of the novel coronavirus, or COVID-19, on the financial condition, operating results and cash flows of the Company, the Company's tenants, the real estate market, the global economy and the financial markets. The extent to which the COVID-19 pandemic continues to impact the Company and its tenants will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the speed and effectiveness of vaccine and treatment developments, the direct and indirect economic effects of the pandemic and containment measures, and potential changes in consumer behavior, among others.  Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

Brixmor Property Group Logo. (PRNewsFoto/Brixmor Property Group)

 

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SOURCE Brixmor Property Group Inc.

FAQ

What is the total distribution per share for Brixmor (BRX) for 2020?

Brixmor reported a total distribution of $0.57000 per share for 2020.

When is the ex-dividend date for Brixmor (BRX)?

The ex-dividend date for Brixmor was January 3, 2020.

What are the tax implications of Brixmor's (BRX) 2020 distributions?

The distributions are classified as ordinary dividends, which will be reported on Form 1099-DIV.

What were the record and payable dates for Brixmor's (BRX) 2020 distributions?

The record date was January 6, 2020, and the payable date was January 15, 2020.

BRIXMOR PROPERTY GROUP INC.

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