Brixmor Property Group Inc. BRX

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

Brixmor Property Group Inc. and subsidiaries (collectively, "BPG") is an internally-managed corporation that has elected to be taxed as a real estate investment trust ("REIT"). Brixmor Operating Partnership LP and subsidiaries (collectively, the "Operating Partnership") is the entity through which BPG conducts substantially all of its operations and owns substantially all of its assets. BPG owns 100% of the limited liability company interests of BPG Subsidiary LLC ("BPG Sub"), which, in turn, is the sole member of Brixmor OP GP LLC (the "General Partner"), the sole general partner of the Operating Partnership. Unless stated otherwise or the context otherwise requires, "we," "our," and "us" mean BPG and the Operating Partnership, collectively. We own and operate one of the largest publicly traded open-air retail portfolios by gross leasable area ("GLA") in the United States ("U.S."), comprised primarily of grocery-anchored community and neighborhood shopping centers. As of December 31, 2025, our portfolio was comprised of 348 shopping centers (the "Portfolio") totaling approximately 63 million square feet of GLA. Our high-quality national Portfolio is primarily located within established trade areas in the top 50 Core-Based Statistical Areas ("CBSAs") in the U.S., and our shopping centers are primarily anchored by non-discretionary and value-oriented retailers, as well as consumer-oriented service providers. As of December 31, 2025, our three largest tenants by annualized base rent ("ABR") were The TJX Companies, Inc., The Kroger Co., and Burlington Stores, Inc. In the opinion of our management, no material part of our business is dependent upon a single tenant, the loss of which would have a material adverse effect on us, and no single tenant or shopping center accounted for 5% or more of our consolidated revenues during 2025.

Last close 28.13 2026-10-23
Market cap $8.63B 2026-06-30 share count
52-week range 24.66 - 32.86

Valuation FY2025 figures against the last close

P/S6.3x
P/E22.5x
P/FCF13.2x
EV/EBITDA—
Dividend yield—
Diluted EPS1.25

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.37B$1.29B$1.25B$1.22B$1.15B$1.05B$1.17B$1.23B$1.28B—
SG&A $112.7M$116.4M$117.1M$117.2M$105.5M$98.3M$102.3M$93.6M$92.2M$92.2M
Total operating expenses $888.6M$826.0M$817.2M$779.5M$732.3M$734.0M$755.0M$822.8M$827.9M$801.8M
Interest expense $224.7M$216.0M$190.7M$192.4M$194.8M$200.0M$189.8M$215.0M$226.7M$226.7M
Pre-tax income ——————$274.8M$366.3M$295.4M$277.7M
Net income $386.2M$339.3M$305.1M$354.2M$270.2M$121.2M$274.8M$366.3M$300.4M$278.1M
EPS, basic 1.261.121.011.180.910.410.921.210.980.91
EPS, diluted 1.251.111.011.170.900.410.921.210.980.91
Shares, diluted (wtd. avg.) 307.9M304.0M302.4M301.7M298.8M297.9M299.3M302.3M305.3M305.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $334.4M$377.6M$866.0K$21.3M$297.7M$370.1M$21.5M$50.8M$110.8M$102.9M
Receivables $315.1M$281.9M$278.8M$264.1M$234.9M$240.3M$234.2M$228.3M$232.1M$178.2M
Total assets $9.13B$8.91B$8.33B$8.44B$8.38B$8.34B$8.14B$8.24B$9.15B$9.32B
Long-term debt $5.49B$5.34B————————
Total liabilities $6.12B$5.92B$5.48B$5.57B$5.66B$5.66B$5.40B$5.41B$6.25B$6.39B
Total equity $3.01B$2.98B$2.85B$2.87B$2.72B$2.68B$2.74B$2.84B$2.91B$2.93B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $652.0M$624.7M$588.8M$566.4M$552.2M$443.1M$528.7M$541.7M$551.9M$567.5M
Depreciation and amortisation $414.9M$381.4M$362.3M$344.7M$327.2M$335.6M$332.4M$352.2M$375.0M$387.3M
Stock-based compensation $17.6M$17.9M$20.8M$23.4M$17.1M$11.0M$12.7M$9.4M$10.5M$11.6M
Investing cash flow -$452.2M-$437.0M-$163.1M-$462.5M-$331.0M-$167.2M-$172.1M$669.6M-$52.9M-$141.9M
Financing cash flow -$216.9M$172.1M-$428.1M-$380.4M-$293.6M$72.7M-$385.9M-$1.27B-$491.2M-$433.7M
Buybacks ———$0$0$25.0M$14.6M$104.7M$5.9M$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001581068-26-000007.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B Net income, FY2016: 278.1M Revenue, FY2017: 1.3B Net income, FY2017: 300.4M Revenue, FY2018: 1.2B Net income, FY2018: 366.3M Revenue, FY2019: 1.2B Net income, FY2019: 274.8M Revenue, FY2020: 1.1B Net income, FY2020: 121.2M Revenue, FY2021: 1.2B Net income, FY2021: 270.2M Revenue, FY2022: 1.2B Net income, FY2022: 354.2M Revenue, FY2023: 1.2B Net income, FY2023: 305.1M Revenue, FY2024: 1.3B Net income, FY2024: 339.3M Revenue, FY2025: 1.4B Net income, FY2025: 386.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $1.28B $1.23B $1.17B $1.05B $1.15B $1.22B $1.25B $1.29B $1.37B
Gross profit — — — — — — — — — —
Net income $278.1M $300.4M $366.3M $274.8M $121.2M $270.2M $354.2M $305.1M $339.3M $386.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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