Welcome to our dedicated page for Brixmor Ppty Group news (Ticker: BRX), a resource for investors and traders seeking the latest updates and insights on Brixmor Ppty Group stock.
Brixmor Property Group Inc (NYSE: BRX), a leading owner/operator of open-air shopping centers, provides this centralized hub for all corporate news and press releases. Investors and industry stakeholders will find timely updates on strategic initiatives, financial performance, and portfolio developments within the retail REIT sector.
This resource offers verified updates including quarterly earnings reports, property acquisitions, tenant lease agreements, and redevelopment projects. Content is organized to help users efficiently track BRX's operational milestones, market positioning, and value-creation strategies in the competitive retail real estate landscape.
Key updates cover three focus areas: financial disclosures (earnings calls, dividend announcements), portfolio enhancements (property repositioning, anchor tenant renewals), and strategic investments (acquisitions, joint ventures). All content maintains strict editorial standards to ensure relevance and accuracy for informed decision-making.
Bookmark this page for direct access to BRX's official communications, supplemented with contextual analysis of material developments affecting the company's market position. Regular updates ensure stakeholders remain informed about this retail REIT's progress in optimizing its nationwide portfolio of community shopping centers.
Brixmor Property Group (NYSE: BRX) announced the appointment of Sandra A.J. Lawrence to its Board of Directors, filling the position left by Gabrielle E. Sulzberger, who resigned on December 24, 2021. Lawrence brings over 30 years of experience in healthcare, real estate, and financial services. Previously, she served as Executive Vice President and Chief Administrative Officer of The Children's Mercy Hospital from 2016 to 2019. CEO James Taylor emphasized her expertise in corporate governance and sustainability as vital for the company's strategic goals.
Brixmor Property Group reported Q3 2021 results with net income increasing to $46.1 million ($0.15 per diluted share), up from $27.9 million ($0.09 per diluted share) in Q3 2020. The company executed 1.7 million square feet of new and renewal leases, achieving an average rent spread of 12.3%. Occupancy rates rose, with total leased occupancy hitting 91.5%. NAREIT FFO also increased to $115.8 million ($0.39 per diluted share). A 12% dividend increase to $0.24 per share was announced, reflecting solid operational performance and confidence in future stability.
Brixmor Property Group (NYSE: BRX) will present at the BofA Securities 2021 Global Real Estate Conference on September 22, 2021. The event begins at 9:45 AM ET and concludes at 10:20 AM ET. Interested parties can access a live webcast of the presentation here. A replay will be available until December 22, 2021. Brixmor operates a high-quality portfolio of retail centers across the U.S., engaging with major retailers like TJX Companies and Kroger.
Brixmor Property Group (NYSE: BRX) will release its 2021 third quarter earnings on November 1, 2021, after market close. A teleconference is scheduled for November 2, 2021, at 10:00 AM ET. Investors can access the live webcast of the earnings call through the Brixmor website. A replay will also be available until November 16, 2021. Brixmor operates a national portfolio of open-air shopping centers, comprising 389 centers and approximately 68 million square feet of retail space.
Brixmor Property Group (NYSE: BRX) announced the completion of its redemption of $500 million in 3.250% Senior Notes due 2023 on September 2, 2021. The Senior Notes were redeemed at 105.1% of their principal value, totaling $533 million, which includes $7.5 million in interest. This was financed through cash on hand and the proceeds from new 2.500% Senior Notes due 2031. Brixmor will incur a $27.1 million loss on debt extinguishment, equating to $0.09 per diluted share, in Q3 2021.
Brixmor Property Group (NYSE: BRX) will redeem $500 million of its 3.250% Senior Notes due 2023 on September 2, 2021. The redemption will include a make-whole premium and accrued interest. Record holders of the Senior Notes were notified on August 18, 2021. The Company, known for its portfolio of open-air shopping centers, aims to enhance liquidity and financial flexibility through this redemption.
Brixmor Property Group Inc. (NYSE: BRX) has announced the pricing of a $500 million offering of 2.500% Senior Notes due 2031. The Notes will be issued at 99.675% of par value, with interest payable semi-annually starting February 16, 2022. The offering is expected to close on August 16, 2021. The net proceeds will be utilized for general corporate purposes, including the potential repurchase of outstanding Senior Notes due 2023. BofA Securities and other major banks are acting as joint book-running managers for this offering.
Brixmor Property Group reported robust operating results for the second quarter of 2021, with a net income of $90.4 million, or $0.30 per diluted share, compared to $9.0 million or $0.03 per diluted share in Q2 2020. Notable achievements include executing 1.6 million square feet of leases with a 10.7% rent spread and a 13.9% increase in same property NOI. The company maintains a strong liquidity position of $1.7 billion, and updated its 2021 NAREIT FFO guidance to $1.70 - $1.76 per share. Dividends were declared at $0.215 per share, payable on October 15, 2021.
Brixmor Property Group (NYSE: BRX) released its annual Corporate Responsibility Report, highlighting milestones and future goals. The report details the establishment of an ESG Steering Committee and a Diversity & Inclusion Leadership Council, alongside formalized policies on climate change. Newly set targets include achieving net-zero carbon emissions by 2045 and increased community volunteer participation to 100% by 2025. The company aims to stabilize over $1.3 billion in reinvestment projects by 2025, enhancing community impacts.
Brixmor Property Group (NYSE: BRX) announced its second quarter earnings release, scheduled for August 2, 2021, after market close. A teleconference will follow on August 3, 2021, at 10:00 AM ET. Investors can access a live webcast on the company's website. Brixmor operates a robust portfolio of 389 retail centers, totaling approximately 68 million square feet across the U.S., serving around 5,000 retailers including major brands like The Kroger Co. and Publix Super Markets.
