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Brixmor Property Group Inc.

BRX

Brixmor Property Group Inc. • NYSE
$26.14 ▲ 0.04% (+0.01)
Market Cap $8.00 B
52w High $30.13
52w Low $22.29
Dividend Yield 1.23%
P/E 24.2
Volume 1.00M
Outstanding Shares 306.10M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $340.843M ▲ $184.972M ▲ $94.235M ▲ 27.648% ▲ $0.31 ▲ $254.149M ▲
Q2-2025 $339.492M ▲ $172.247M ▼ $85.139M ▲ 25.078% ▲ $0.28 ▲ $226.963M ▼
Q1-2025 $337.512M ▲ $172.981M ▲ $69.729M ▼ 20.66% ▼ $0.23 ▼ $229.418M ▲
Q4-2024 $328.442M ▲ $30.333M ▼ $83.404M ▼ 25.394% ▼ $0.27 ▼ $208.274M ▼
Q3-2024 $320.682M $125.079M $96.84M 30.198% $0.32 $247.079M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $353.235M ▲ $9.049B ▲ $6.086B ▲ $2.963B ▲
Q2-2025 $104.973M ▼ $8.606B ▲ $5.653B ▲ $2.953B ▼
Q1-2025 $126.447M ▼ $8.595B ▼ $5.641B ▼ $2.954B ▼
Q4-2024 $397.917M ▼ $8.909B ▲ $5.925B ▲ $2.984B ▲
Q3-2024 $472.531M $8.75B $5.869B $2.881B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $94.242M ▲ $168.267M ▼ $-204.77M ▼ $307.139M ▲ $270.636M ▲ $168.267M ▼
Q2-2025 $85.146M ▲ $181.454M ▲ $-85.521M ▼ $-97.491M ▲ $-1.558M ▲ $181.454M ▲
Q1-2025 $69.737M ▼ $130.088M ▼ $-63.459M ▲ $-337.893M ▼ $-271.264M ▼ $130.088M ▼
Q4-2024 $83.406M ▼ $155.173M ▼ $-240.837M ▼ $11.909M ▲ $-73.755M ▼ $155.173M ▼
Q3-2024 $96.84M $157.476M $-79.09M $-100.895M $-22.509M $157.476M

Five-Year Company Overview

Income Statement

Income Statement Revenue and profit have generally trended upward over the past five years, with steady growth in rental income and solid property-level profitability. The business appears to have resilient gross margins and healthy cash earnings from its properties. Net income dipped during the pandemic but has recovered well since then, with earnings per share moving up over time. One standout year in operating profit suggests there were some one‑off or non‑recurring items, so the most recent results are probably a better reflection of the underlying run‑rate. Overall, the income statement points to a mature REIT with stable, slowly improving performance rather than explosive growth.

Balance Sheet

Balance Sheet The balance sheet shows a large, stable property base funded by a mix of debt and equity, typical for a retail REIT. Total assets have been fairly steady, with modest growth, indicating a disciplined approach to acquisitions and redevelopment rather than rapid expansion. Debt remains sizable but appears manageable relative to the asset base and has not surged in a way that suggests outsized risk. Equity has inched higher over time, implying that retained earnings and asset values have gradually strengthened the company’s capital position. Cash levels have moved around year to year but currently look more comfortable than in some prior years, adding a bit more financial flexibility.

Cash Flow

Cash Flow Cash flow from operations has increased consistently, which is a positive sign for the durability of the business model and its ability to fund dividends and reinvestment. Free cash flow essentially tracks operating cash flow, suggesting that recurring capital spending is modest compared with the cash the properties generate, at least as captured in this data set. This supports the idea that the portfolio is relatively mature and not overly dependent on heavy, ongoing development spending. Taken together, cash generation looks reliable and improving, which is important for a REIT that must regularly return cash to shareholders.

Competitive Edge

Competitive Edge Brixmor focuses on open‑air shopping centers anchored by grocery and other necessity‑based retailers. This gives the portfolio a defensive tilt, since people still need to visit these locations regularly, even in weaker economies or when more spending moves online. The company’s strategy of acquiring underperforming centers and upgrading them has created a repeatable playbook for unlocking value. Its deliberate choice to keep many rents below current market levels provides a built‑in growth lever as leases roll over. Clustering properties in key markets helps with local market knowledge, cost efficiency, and stronger relationships with major tenants. Overall, Brixmor’s advantage is less about owning trophy assets and more about disciplined, hands‑on execution in everyday, necessity‑driven retail.

Innovation and R&D

Innovation and R&D While not a technology company, Brixmor has leaned into data analytics and digital tools to sharpen its decisions on leasing, redevelopment, and portfolio management. A dedicated analytics function and investments in cloud systems, customer data, and digital collaboration help the team identify which centers to upgrade, which tenants to target, and how to improve returns on each project. On the property side, the company is using energy‑efficient lighting, smart sensors, reflective roofs, and rooftop solar to reduce costs and environmental impact, supporting both profitability and ESG goals. Its long‑running program to improve the quality of anchor tenants and merchandise mix is another form of innovation, focused on tenant mix rather than pure technology. Future innovation is likely to be evolutionary—better data, smarter redevelopments, and deeper ESG efforts—rather than transformational.

Summary

Brixmor appears to be a steady, strategy‑driven retail REIT built around necessity‑based, grocery‑anchored shopping centers. Financially, it shows a pattern of gradual revenue and earnings growth, improving cash flow, and a relatively stable asset and debt profile. Profitability looks solid at the property level, with earnings recovering well from pandemic lows. The company’s competitive edge lies in its value‑add redevelopment strategy, below‑market rents that create organic growth potential, and a focus on clustering properties in chosen markets. Its use of data analytics and sustainability initiatives supports more efficient operations and long‑term relevance, even though it is not a technology‑heavy business. The main watchpoints are continued execution on redevelopment projects, maintaining strong leasing spreads, and managing leverage prudently in a higher‑rate environment, all while navigating leadership transition without losing strategic focus.

NEWS

November 24, 2025 · 8:30 AM UTC

BRIXMOR PROPERTY GROUP PROVIDES CEO UPDATE

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October 27, 2025 · 4:04 PM UTC

BRIXMOR PROPERTY GROUP REPORTS THIRD QUARTER 2025 RESULTS

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October 16, 2025 · 8:15 AM UTC

BRIXMOR PROPERTY GROUP ANNOUNCES CHIEF EXECUTIVE OFFICER JAMES M. TAYLOR TO TAKE TEMPORARY MEDICAL LEAVE OF ABSENCE

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September 10, 2025 · 4:02 PM UTC

BRIXMOR PROPERTY GROUP ANNOUNCES THIRD QUARTER 2025 EARNINGS RELEASE AND TELECONFERENCE DATES

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September 4, 2025 · 4:02 PM UTC

BRIXMOR PROPERTY GROUP PRICES OFFERING OF SENIOR NOTES

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