Profile
Sector:
Real EstateIndustry:
RetailCountry:
United StatesIPO:
30 October 2013Website:
http://www.brixmor.comNext earnings report:
11 February 2025Last dividends:
02 October 2024Next dividends:
03 January 2025Price
after hours | Wed, 20 Nov 2024 22:05:01 GMTAnalysts recommendations
Institutional Ownership
BRX Latest News
Real estate activity is rebounding as macroeconomic uncertainties clear, with significant leasing volume in data centers and retail sectors, leading to future revenue visibility. SNO leases in data centers and retail REITs provide excellent visibility into future annual base rent, impacting future FFO growth as leases commence in 2025-2026. Retail REITs like CTO and Brixmor benefit from high-margin SNO leases filling vacant spaces, translating to substantial AFFO growth, unlike lower-margin data center leases.
Brixmor Property Group has delivered over 37% total returns since November 2023, with a current forward yield of 4.16% and a low P/FFO multiple of 12.92x. Looking at BRX stock, I can see a compelling entry point in terms of the valuations relative to other peers such as REG, KIM and FRT. However, diving deeper a bit more, I will also identify some reasons why the discount could be justified.
Brixmor Property Group Inc. (NYSE:BRX ) Q3 2024 Earnings Conference Call October 29, 2024 10:00 AM ET Company Participants Samantha Strong - VP, IR Jim Taylor - CEO Brian Finnegan - President and COO Steve Gallagher - EVP and CFO Mark Horgan - EVP and CIO Conference Call Participants Juan Sanabria - BMO Capital Markets Viktor Fediv - Scotiabank Todd Thomas - KeyBanc Capital Markets Jeff Spector - Bank of America Floris van Dijkum - Compass Point Ki Bin Kim - Truist Securities Craig Mailman - Citi Alexander Goldfarb - Piper Sandler Samir Khanal - Evercore ISI Dori Kesten - Wells Fargo Haendel St. Juste - Mizuho Securities Caitlin Burrows - Goldman Sachs Mike Mueller - JPMorgan Paulina Rojas - Green Street Conor Peaks - Deutsche Bank Operator Ladies and gentlemen good morning, and welcome to the Brixmor Property Group Inc. Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
While the top- and bottom-line numbers for Brixmor (BRX) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Brixmor Property (BRX) came out with quarterly funds from operations (FFO) of $0.52 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to FFO of $0.50 per share a year ago.
- Delivered Record Occupancy and ABR PSF - NEW YORK , Oct. 28, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today its operating results for the three and nine months ended September 30, 2024. For the three months ended September 30, 2024 and 2023, net income was $0.32 per diluted share and $0.21 per diluted share, respectively, and for the nine months ended September 30, 2024 and 2023, net income was $0.84 per diluted share and $0.77 per diluted share, respectively.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Brixmor Property (BRX) have what it takes?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Brixmor Property (BRX) have what it takes?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Brixmor Property (BRX) have what it takes?
Essex, Brixmor , Lamar Advertising and Cousins are included in this Analyst Blog.
What type of business is Brixmor Property?
Brixmor Property Group Inc. is a real estate investment fund that owns and manages a portfolio of open-air shopping centers. The company was founded in 1985. Its headquarters are located in New York, New York (USA). Brixmor Property Group Inc. owns approximately 400 shopping centers across the United States with a total area of around 70 million square feet. The company partners with around 5000 retail tenants, including major retailers such as The TJX Companies, The Kroger Co., Publix Super Markets, Walmart, Ross Stores, LA Fitness, and others.
What sector is Brixmor Property in?
Brixmor Property is in the Real Estate sector
What industry is Brixmor Property in?
Brixmor Property is in the Retail industry
What country is Brixmor Property from?
Brixmor Property is headquartered in United States
When did Brixmor Property go public?
Brixmor Property initial public offering (IPO) was on 30 October 2013
What is Brixmor Property website?
https://www.brixmor.com
Is Brixmor Property in the S&P 500?
No, Brixmor Property is not included in the S&P 500 index
Is Brixmor Property in the NASDAQ 100?
No, Brixmor Property is not included in the NASDAQ 100 index
Is Brixmor Property in the Dow Jones?
No, Brixmor Property is not included in the Dow Jones index
When was Brixmor Property the previous earnings report?
No data
When does Brixmor Property earnings report?
The next expected earnings date for Brixmor Property is 11 February 2025