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) reported Q3 2020 results showing net income of $0.09 per diluted share, down from $0.27 in Q3 2019. The company executed 2.2 million square feet in leases, achieving 5.7% rent spreads, and reported total leased occupancy at 91.2%. Rent collections improved to 88.2% for the quarter, with 89.6% collected in October 2020. NAREIT FFO was $106.6 million, down from $145.3 million YOY. The Board reinstated a quarterly dividend of $0.215. Despite challenges from COVID-19, liquidity increased to $1.9 billion, bolstered by a $300 million senior notes issuance.
Brixmor Property Group (NYSE: BRX) will announce its 2020 third quarter earnings on November 4, 2020, after market close. A teleconference will be held on November 5, 2020, at 11:00 AM ET to discuss the results. Investors can access the live webcast on Brixmor's website, and a replay will be available until November 19, 2020. Brixmor operates a portfolio of 398 retail centers, totaling approximately 70 million square feet, serving around 5,000 retailers including major brands like The TJX Companies and Wal-Mart.
Brixmor Property Group (NYSE: BRX) will present at the Bank of America Merrill Lynch Global Real Estate Virtual Conference on September 16, 2020, from 9:45 AM ET to 10:20 AM ET. This presentation will be available via a live webcast on their website. A replay will be accessible until December 15, 2020. Brixmor, a real estate investment trust, operates a national portfolio of 398 retail centers, encompassing approximately 70 million square feet, and partners with 5,000 retailers including major brands like Wal-Mart and Kroger.
Brixmor Property Group (NYSE: BRX) will be represented by CEO James Taylor at the Evercore ISI 2020 Real Estate Conference on September 10, 2020, from 10:00 AM to 10:50 AM ET. The event will feature a live webcast available on Brixmor's website, with a replay accessible until December 9, 2020. Brixmor is a leading real estate investment trust owning 398 shopping centers, covering approximately 70 million square feet, serving around 5,000 retailers.
Brixmor Property Group announced a pricing of $300 million in 4.050% Senior Notes due 2030. The notes will be issued at 107.172% of par with a reoffer yield of 3.178%, and interest payments will start on January 1, 2021. The proceeds are intended for general corporate purposes, potentially including the repayment of $1.25 billion in outstanding debt. The offering's closing is set for August 20, 2020. This issuance complements previously issued notes of $500 million.
Brixmor Property Group (NYSE: BRX) reported Q2 2020 results, with net income falling to $0.03 per diluted share, down from $0.23 in 2019. The company executed 1.3 million square feet in new and renewed leases, achieving 5.9% rent spreads on comparable spaces. Total leased occupancy stood at 92.1%, while same property NOI decreased by 9.0%. COVID-19 impacted revenues, with $27.8 million deemed uncollectible. The company issued $500 million in senior notes and has total liquidity of $1.4 billion. The Board suspended the quarterly dividend, to be reevaluated periodically.
Brixmor Property Group (NYSE: BRX) released its annual Corporate Responsibility Report on July 31, 2020, highlighting its commitment to environmental, social, and economic well-being. The report emphasizes significant achievements, including exceeding a 40% reduction target for GHG emissions and electricity use, with 75% of its properties upgraded to LED lighting. The company is also actively developing solar projects and has received the Green Lease Leader Gold designation. Additionally, Brixmor outlines its response to the COVID-19 crisis, providing support to tenants and communities.
Brixmor Property Group (NYSE: BRX) announced a cash tender offer for its 3.875% Senior Notes due 2022, with a total consideration of $1,049.30 for each $1,000 principal amount validly tendered. The tender offer will expire on June 26, 2020, at 5:00 p.m. New York City time. Holders can expect settlement on June 29, 2020, with additional accrued interest. The offer is managed by J.P. Morgan Securities LLC, with further details available through D.F. King & Co., Inc. This announcement is informational and does not constitute a solicitation to purchase notes.
Brixmor Property Group Inc. (NYSE: BRX) announced it will release its 2020 second-quarter earnings on August 3, 2020, after market close. A teleconference will be held on August 4, 2020, at 10:00 AM ET. Investors can access the live webcast through Brixmor's website, along with a replay available until August 18, 2020. Brixmor operates around 400 retail centers, encompassing approximately 70 million square feet of space, serving a diverse range of retailers including The TJX Companies and Wal-Mart.
Brixmor Property Group (NYSE: BRX) has initiated a cash tender offer for its outstanding 3.875% Senior Notes due 2022, totaling $500 million. This Tender Offer commenced on June 22, 2020, and aims to refinance existing debt following the issuance of new 4.050% Senior Notes due 2030. Key deadlines include the Price Determination Date and Expiration Date on June 26, 2020, with a planned settlement date of June 29, 2020. The Tender Offer will retire accepted Notes, impacting the market for remaining outstanding securities.
