Brixmor Property Group Inc. BRX

Real estate SIC 6798 - Real Estate Investment Trusts 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 29.15 2026-09-04
Market cap $8.95B 2026-06-30 share count
52-week range 24.66 - 32.86

Valuation FY2025 figures against the last close

P/S6.5x
P/E23.3x
P/FCF13.7x
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.) $307.9M$304.0M$302.4M$301.7M$298.8M$297.9M$299.3M$302.3M$305.3M$305.1M

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.

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