Welcome to our dedicated page for BRIXMOR PROPERTY GROUP news (Ticker: BRX), a resource for investors and traders seeking the latest updates and insights on BRIXMOR PROPERTY GROUP stock.
Brixmor Property Group Inc. (NYSE: BRX) is a prominent real estate investment trust (REIT) that owns and operates a diverse portfolio of open-air shopping centers across the United States. Headquartered in New York City, Brixmor is dedicated to maximizing the value of its properties by focusing on strategic investments, fostering strong relationships, and leveraging growth opportunities. The company owns approximately 500 properties primarily located in top U.S. metro markets, making it one of the nation's largest owners of open-air shopping centers.
Brixmor’s portfolio consists of grocery-anchored community and neighborhood shopping centers that are leased to a variety of tenants, including large department stores, discount retailers, and grocery stores. The company's key tenants include The TJX Companies and The Kroger Company, making Brixmor the largest landlord for these retail giants. The company’s properties feature a mix of retailers, restaurants, entertainment venues, and fitness centers, ensuring a well-rounded shopping experience for consumers.
Recent achievements for Brixmor include strong financial performance, evidenced by its operating results for the three and nine months ended September 30, 2023. During this period, the company reported net income of $0.21 per diluted share for the third quarter. Additionally, the company continues to drive value through its transformative business plan, focusing on rent increases, rising occupancy rates, and redevelopment projects.
Brixmor is actively engaged in the repositioning and redevelopment of its properties to ensure long-term growth and sustainability. The company’s recent projects include various acquisitions and dispositions aimed at enhancing the value of its portfolio. Furthermore, Brixmor is committed to maintaining a robust capital structure and provides regular financial guidance to its investors.
In terms of community engagement, Brixmor operates with a vision “to be the center of the communities we serve,” which is reflected in its management of 364 retail centers comprising approximately 65 million square feet of prime retail space. The company is a proud real estate partner to over 5,000 retailers, including notable names such as Publix Super Markets and Ross Stores.
Brixmor offers a wide range of career opportunities within the commercial real estate sector, including summer internships for college students. The company operates 15 office locations nationwide and seeks leaders who strive for excellence in performance.
Brixmor Property Group announced tax reporting information for its 2022 common stock distributions. Shareholders will receive a total distribution of $0.9600 per share, with $0.2400 distributed quarterly. Key dates include: Ex-Dividend Dates (Jan 4, Apr 4, Jul 1, Oct 3, 2022), Record Dates (Jan 5, Apr 5, Jul 5, Oct 4, 2022), and Payable Dates (Jan 18, Apr 18, Jul 15, Oct 17, 2022). All ordinary dividends will be classified as such, with no capital gain distributions or return of capital. Brixmor, a publicly traded REIT, operates 378 shopping centers across the U.S.
Brixmor Property Group (NYSE: BRX) has announced it will release its 2022 fourth quarter earnings on February 13, 2023, after market close. A teleconference will be held the next day, February 14, 2023, at 9:30 AM ET, to discuss the earnings results. The live webcast will be available on the Brixmor website. Brixmor operates a national portfolio of open-air shopping centers, with 378 retail centers totaling around 67 million square feet.
Brixmor Property Group reported strong operational results for Q3 2022, achieving a net income of $79.7 million ($0.26 per diluted share), up from $46.1 million ($0.15 per diluted share) in Q3 2021. The company executed 1.7 million square feet in new and renewal leases, raising total leased occupancy to a record 93.3%. Nareit FFO rose to $147.7 million ($0.49 per diluted share). An 8.3% quarterly dividend increase to $0.26 was announced, reflecting a 4.9% annualized yield. The company also updated its 2022 NAREIT FFO guidance to $1.94 - $1.97 per diluted share, affirming same property NOI growth expectations of 5.5% - 6.0%.
Brixmor Property Group Inc. (NYSE: BRX) announced it will release its 2022 third quarter earnings on November 1, 2022, after market close. A teleconference is scheduled for November 2, 2022, at 10:00 AM ET. Investors can access the live webcast on the company's website and a replay will be available until November 16, 2022. Brixmor owns and operates a portfolio of 379 shopping centers across the U.S., totaling approximately 67 million square feet, serving over 5,000 retailers.
Brixmor Property Group Inc. (NYSE: BRX) announced its participation in the BofA Securities 2022 Global Real Estate Conference. The presentation is scheduled for September 14, 2022, from 11:05 AM ET to 11:40 AM ET. Investors can access a live webcast of the presentation on Brixmor's website. A replay will also be available until December 13, 2022. Brixmor operates a portfolio of 379 retail centers totaling approximately 67 million square feet of retail space across the U.S., serving around 5,000 retailers.
Brixmor Property Group reported operating results for Q2 2022, with net income of $87.8 million, or $0.29 per diluted share, compared to $90.4 million in Q2 2021. Notable highlights include executing 2.0 million square feet of leases with rent spreads of 14.6% and increasing total leased occupancy to 92.5%. The company saw a 6.7% increase in same property NOI and reported Nareit FFO of $148.9 million, or $0.49 per diluted share. Brixmor also amended its credit facilities, increasing available funds by $200 million to $1.75 billion and received a credit rating upgrade to 'BBB'.
WeWork Inc. (NYSE: WE) appointed Daniel Hurwitz, co-founder and CEO of Raider Hill Advisors, to its Board of Directors effective June 23, 2022. He succeeds Jeffrey Sine, who has served since October 2019. Hurwitz brings over 30 years of experience in retail real estate, including leadership roles at SITE Centers (NYSE: SITC) and interim CEO of Brixmor Property Group (NYSE: BRX). Hurwitz will also chair WeWork's Audit Committee. CEO Sandeep Mathrani expressed confidence in Hurwitz's ability to drive innovation and profitability at WeWork.
Brixmor Property Group (NYSE: BRX) released its fourth annual Corporate Responsibility Report, highlighting its commitment to environmental, social, and governance (ESG) initiatives. Key achievements from 2021 include formalized Human Rights and Climate Change policies, a 38% reduction in greenhouse gas emissions from 2018, and integration of climate change risk assessments in acquisitions. The Company also signed the CEO Action for Diversity and Inclusion pledge and achieved gender pay equity for two consecutive years. Brixmor aims to enhance community engagement and sustainability through various programs.
Brixmor Property Group Inc. (NYSE: BRX) will release its 2022 second quarter earnings on August 1, 2022, after market close. A teleconference is scheduled for August 2, 2022, at 10:00 AM ET to discuss the earnings results. A live webcast will be available on Brixmor's website under the Investors tab. The call replay will be accessible until August 16, 2022. Brixmor operates a national portfolio of open-air shopping centers, comprising around 67 million square feet of retail space.
Brixmor Property Group reported strong Q1 2022 results with net income of $79.5 million, or $0.26 per diluted share, up from $52.4 million, or $0.18 the previous year. Key metrics include 1.4 million square feet of leases executed, a total leased occupancy rate of 92.1%, and a same property NOI increase of 8.4%. Nareit FFO reached $145.4 million, or $0.49 per diluted share. The company raised its 2022 Nareit FFO per diluted share expectations to $1.88-$1.95 and same property NOI growth to 3.0%-4.5%. Brixmor also received credit upgrades from Fitch and S&P, enhancing its financial standing.
FAQ
What is the current stock price of BRIXMOR PROPERTY GROUP (BRX)?
What is the market cap of BRIXMOR PROPERTY GROUP (BRX)?
What is Brixmor Property Group Inc.?
Where is Brixmor Property Group headquartered?
What types of properties does Brixmor own?
Who are some of Brixmor’s key tenants?
What recent achievements has Brixmor reported?
What is Brixmor’s vision?
Does Brixmor offer career opportunities?
How can investors access Brixmor's financial information?
What is Nareit FFO?
What regions do Brixmor's properties cover?
