⬤ Loading…
Brixmor Property Group Inc.
…
NYSE: BRX Real Estate IT 🔎 Screen
🏹 Trader: 🎯 Near 52W High View all →
$9.0B
Market Cap
21.0
P/E
9.41
PEG
5.9%
ROCE
12.9%
ROE
1.83
D/E
35.2%
OPM
-9.8%
% from 52W High
48
α RS
🔍 BRX is showing a high-conviction setup because it matches 4 of 37 tracked screener presets and it's within 9.8% of its 52-week high. Net: Partial signal stack, not a recommendation. ? Conviction 52W High
Sources
Conviction 4/37 · 9.8% from 52W high
⚖️ Compare 🔒 Generate Report 🔒 Research Packet 📚 Guides
🌏 Global Investor Returns
Currency-adjusted total returns for BRX including FX impact
🌏
Click 🌏 Returns tab to load data
📈 Price History
Ratio Health
— Excellent
— Good
— Average
— Poor
By Category
📊 Sector Averages
About

Brixmor Property Group Inc. owns and operates a high-quality, national portfolio of open-air shopping centers.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
Loading…
⭐ Superinvestors Holding BRX
View All Superinvestors →
Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 510.7K $14.7M 0.02% Mar 2026
Jim Simons Renaissance Technologies LLC 9.4K $271K 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔒
Premium Feature
AI-generated 10-section company profile — business model, financials, strengths, risks & management quality
Upgrade to Premium
Already a member? Log in
📐
3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
Open Model →
🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →
📊 MIXED Brixmor Q1 2026: Same-property NOI up 6.4%, FFO $0.58, guidance raised
Revenue & Profitability
First quarter same-property NOI increased 6.4% year-over-year. NAREIT FFO was $0.58 per share. The company raised its full-year guidance: same-property NOI growth of 4.75% to 5.5% and FFO guidance of $2.34 to $2.37 per share. Base rent contributed 410 basis points to growth, other income added 120 basis points, and lower uncollectible revenues contributed 30 basis points. Debt to EBITDA stood at 5.3x with $1.8 billion of available liquidity.
Outlook
Management sees a positive backdrop for open-air grocery-anchored retail, with consumer traffic growing, new supply at historic lows, and strong demand from high-quality retailers. Physical stores remain the most cost-effective way to deliver goods. While geopolitical tensions and capital markets volatility create uncertainty, fundamentals remain strong. Institutional capital is flowing into the sector at the highest pace in decades. The company expects a modest occupancy headwind in Q2 due to box recaptures, but anticipates a return to growth in the second half of the year.
Growth Drivers
Key growth levers include strong leasing demand reflected in record renewal growth of 21% and new lease spreads of 42%. The signed-but-not-commenced pipeline of $67 million (up 10% year-over-year) provides visibility; approximately $38 million is expected to commence in 2026. Accretive reinvestment is central, with a $302 million active pipeline at a 10% average incremental return and a $700 million future pipeline. The out-parcel development program added a record six new projects at 16% returns. On the transaction side, the company has $160 million of assets under control in high-growth markets.
Balance Sheet & CapEx
Leasing capital expenditures increased in Q1 but were down sequentially from Q4 2025. Management expects full-year leasing CapEx as a percentage of NOI to remain near decade lows, consistent with the prior year. The company stabilized $78 million of projects at a 9% average incremental return. The active reinvestment pipeline stands at $302 million with a 10% average incremental return. Future pipeline includes $700 million of opportunities, including at recently acquired assets. No specific total CapEx guidance was provided.
Margins
Margin trajectory is supported by base rent growth and improving credit quality. Revenues deemed uncollectible contributed 30 basis points to same-property NOI growth in Q1 and are guided at 75 to 100 basis points of total revenues for the full year. Leasing spreads remain robust, with new leases at 42% and renewals at a record 21%, indicating strong pricing power. No explicit operating margin or EBITDA margin figures were discussed.
Key Risks
Management flagged geopolitical tensions and capital markets volatility as sources of uncertainty. A modest occupancy headwind is expected in Q2 from a handful of anticipated box recaptures, though these are expected to be backfilled at higher rents. Tenant categories under watch include drugstores (80 basis points of exposure) and office supply, where exposure has been reduced. However, overall credit quality is at historic highs. No significant deterioration in tenant collections or delinquencies has been observed.
Generated by AI · Q1 2026 results · Not investment advice
🔒
Free Account Required

Create a free Finmagine account to access Finmagine™ Scorecard.

See how this company scores across 5 dimensions — Financial Health, Growth Prospects, Competitive Position, Management Quality, and Valuation — powered by 30+ computed ratios.

Create Free AccountLog In
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Ask AI.

Get 25 expert AI analysis templates — Business KPIs, Comprehensive, Forensic Governance, Peer Comparison, Risk-Reward, Full Research Report, IPO Decoder, Red Flag Detector, and more — ready to paste into ChatGPT, Claude, Gemini, or Perplexity.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Peer Comparison.

Compare this company side-by-side against its sector peers with financial metrics, ratio benchmarking, and relative performance across all key dimensions.

Upgrade to PremiumCreate Free Account
✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
🔍
🔎 See cross-company document search → ?
📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-28
Second quarter results showed 5.8% same-property NOI growth, $0.58 FFO per share, record small shop occupancy, and a record SNOC pipeline. Guidance for 2026 was raised, supported by strong leasing, reinvestment, and disciplined acquisitions. Liquidity and balance sheet remain robust.
Q1 2026 Q1 2026 2026-04-28
Same-property NOI rose 6.4% year-over-year, with FFO at $0.58 per share and strong leasing momentum. Guidance for 2026 was raised, supported by robust demand, a deep reinvestment pipeline, and disciplined capital allocation.
Q4 2025 Q4 2025 2026-02-10
Exceptional leasing and NOI growth drove record occupancy and FFO, supported by robust tenant demand and disciplined capital allocation. 2026 guidance anticipates continued NOI and FFO growth, with a strong redevelopment pipeline and improved tenant quality underpinning outlook.
Q3 2025 Q3 2025 2025-10-28
Q3 2025 saw record leasing spreads, robust small shop occupancy, and strong redevelopment yields. FFO guidance was raised, with a $60M rent pipeline and a 7% dividend increase, while capital recycling and liquidity remain strong.
Q2 2025 Q2 2025 2025-07-29
Q2 saw record leasing spreads, robust occupancy, and strong FFO growth, driven by proactive backfilling of bankrupt spaces and strategic acquisitions like LaCenterra. Guidance for NOI and FFO was raised, with a strong SNOC pipeline providing visibility into 2026 growth.
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Catalyst Timeline.

Every result, order win, insider trade, ECS update, earnings-call, and SEC announcement for this company — in one chronological lane.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Full Report.

Read the complete Finmagine™ investment research report — comprehensive fundamental analysis, business model assessment, competitive positioning, and investment recommendation.

Upgrade to PremiumCreate Free Account

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯
Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.
📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
Finmagine is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities authority. Nothing on this platform constitutes investment advice as defined under the Investment Advisers Act of 1940.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This analysis may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. Finmagine does not undertake any obligation to update such statements in the future.

Limitation of Liability:
The content is provided "as is" without any warranties, express or implied. Finmagine expressly disclaims any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.