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Brixmor Ppty Group Inc Financials

BRX
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Brixmor Ppty Group Inc (BRX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BRX FY2025

A depreciation-heavy property model turns modest accounting earnings into stronger operating cash flow despite meaningful leverage.

By FY2025, operating cash flow reached $652M while net income was $386M, showing that large non-cash depreciation is making reported profit look smaller than the cash the portfolio actually produces. That gap matters because interest expense climbed from $191M to $225M over the last two years, yet operating cash flow still rose, so recurring operations—not just accounting earnings—are carrying financing costs.

The clearest overhead leverage is in corporate costs: SG&A was about $113M in FY2025 versus $117M two years earlier even as revenue expanded. That means the recent margin lift is coming partly from fixed-cost absorption, with more incremental revenue falling through after head-office expense.

This remains a balance-sheet-funded business: long-term debt was $5.49B against equity of $3.01B in FY2025, so leverage is part of the operating model rather than a temporary feature. Cash of $334M against $9.13B of assets is not a large cushion by itself, which reinforces why steady operating cash generation matters so much here.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 24 / 100
Financial Profile 24/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Brixmor Ppty Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth
42

Brixmor Ppty Group Inc's revenue grew 6.7% year-over-year to $1.4B, a solid pace of expansion. This earns a growth score of 42/100.

Leverage
65

Brixmor Ppty Group Inc carries a low D/E ratio of 1.83, meaning only $1.83 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 65/100, indicating a strong balance sheet with room for future borrowing.

Returns
38

Brixmor Ppty Group Inc's ROE of 12.8% shows moderate profitability relative to equity, earning a score of 38/100. This is up from 11.4% the prior year.

Piotroski F-Score Neutral
5/9

Brixmor Ppty Group Inc passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed
1.69x

For every $1 of reported earnings, Brixmor Ppty Group Inc generates $1.69 in operating cash flow ($652.0M OCF vs $386.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.4B
YoY+6.7%
5Y CAGR+5.4%

Brixmor Ppty Group Inc generated $1.4B in revenue in fiscal year 2025. This represents an increase of 6.7% from the prior year.

EBITDA
N/A
Net Income
$386.2M
YoY+13.8%
5Y CAGR+26.1%
10Y CAGR+6.9%

Brixmor Ppty Group Inc reported $386.2M in net income in fiscal year 2025. This represents an increase of 13.8% from the prior year.

EPS (Diluted)
$1.25
YoY+12.6%
5Y CAGR+25.0%
10Y CAGR+6.8%

Brixmor Ppty Group Inc earned $1.25 per diluted share (EPS) in fiscal year 2025. This represents an increase of 12.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$334.4M
YoY-11.4%
5Y CAGR-1.9%
10Y CAGR+17.0%

Brixmor Ppty Group Inc held $334.4M in cash against $5.5B in long-term debt as of fiscal year 2025.

Dividends Per Share
$1.17
YoY+5.9%
5Y CAGR+18.5%
10Y CAGR+2.4%

Brixmor Ppty Group Inc paid $1.17 per share in dividends in fiscal year 2025. This represents an increase of 5.9% from the prior year.

Shares Outstanding
307M
YoY+0.2%
5Y CAGR+0.7%
10Y CAGR+0.2%

Brixmor Ppty Group Inc had 307M shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
28.2%
YoY+1.8pp
5Y CAGR+16.7pp

Brixmor Ppty Group Inc's net profit margin was 28.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.8 percentage points from the prior year.

Return on Equity
12.8%
YoY+1.5pp
5Y CAGR+8.3pp
10Y CAGR+5.9pp

Brixmor Ppty Group Inc's ROE was 12.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.5 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

BRX Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $354.8M+0.3% $353.8M+3.8% $340.8M+0.4% $339.5M+0.6% $337.5M+2.8% $328.4M+2.4% $320.7M+1.6% $315.7M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $28.2M-1.5% $28.6M+6.9% $26.8M-8.0% $29.1M+3.3% $28.2M+0.9% $27.9M-7.7% $30.3M+1.9% $29.7M
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense $59.4M-0.2% $59.5M+5.0% $56.7M+4.2% $54.4M+0.6% $54.1M-2.4% $55.4M+0.1% $55.4M+3.3% $53.7M
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income $127.8M-6.8% $137.1M+45.5% $94.2M+10.7% $85.1M+22.1% $69.7M-16.4% $83.4M-13.9% $96.8M+38.1% $70.1M
EPS (Diluted) $0.41 N/A $0.31+10.7% $0.28+21.7% $0.23 N/A $0.32+39.1% $0.23

BRX Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $9.1B-0.3% $9.1B+0.9% $9.0B+5.1% $8.6B+0.1% $8.6B-3.5% $8.9B+1.8% $8.7B+0.2% $8.7B
Current Assets N/A N/A N/A N/A N/A N/A N/A N/A
Cash & Equivalents $323.9M-3.1% $334.4M+0.9% $331.5M+215.8% $105.0M-1.5% $106.5M-71.8% $377.6M-16.3% $451.3M-4.7% $473.6M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $6.1B-0.9% $6.1B+0.6% $6.1B+7.7% $5.7B+0.2% $5.6B-4.8% $5.9B+0.9% $5.9B-0.1% $5.9B
Current Liabilities N/A N/A N/A N/A N/A N/A N/A N/A
Long-Term Debt $5.5B0.0% $5.5B0.0% $5.5B+7.8% $5.1B-0.1% $5.1B-4.4% $5.3B N/A N/A
Total Equity $3.0B+0.9% $3.0B+1.6% $3.0B+0.3% $3.0B0.0% $3.0B-1.0% $3.0B+3.6% $2.9B+0.9% $2.9B
Retained Earnings N/A N/A N/A N/A N/A N/A N/A N/A

BRX Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow $141.2M-18.0% $172.2M+2.3% $168.3M-7.3% $181.5M+39.5% $130.1M-16.2% $155.2M-1.5% $157.5M-14.2% $183.5M
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow $35.4M+135.9% -$98.5M+51.9% -$204.8M-139.4% -$85.5M-34.8% -$63.5M+73.7% -$240.8M-204.5% -$79.1M+26.7% -$107.9M
Financing Cash Flow -$113.5M-28.0% -$88.7M-128.9% $307.1M+415.0% -$97.5M+71.1% -$337.9M-2937.3% $11.9M+111.8% -$100.9M-429.3% -$19.1M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

BRX Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin 36.0%-2.8pp 38.8%+11.1pp 27.7%+2.6pp 25.1%+4.4pp 20.7%-4.7pp 25.4%-4.8pp 30.2%+8.0pp 22.2%
Return on Equity 4.2%-0.4pp 4.6%+1.4pp 3.2%+0.3pp 2.9%+0.5pp 2.4%-0.4pp 2.8%-0.6pp 3.4%+0.9pp 2.5%
Return on Assets 1.4%-0.1pp 1.5%+0.5pp 1.0%+0.0pp 1.0%+0.2pp 0.8%-0.1pp 0.9%-0.2pp 1.1%+0.3pp 0.8%
Current Ratio N/A N/A N/A N/A N/A N/A N/A N/A
Debt-to-Equity 1.81-0.0 1.83-0.0 1.85+0.1 1.730.0 1.73-0.1 1.79-0.2 2.04-0.0 2.06
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

Brixmor Ppty Group Inc (BRX) reported $1.4B in total revenue for fiscal year 2025. This represents a 6.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Brixmor Ppty Group Inc (BRX) revenue grew by 6.7% year-over-year, from $1.3B to $1.4B in fiscal year 2025.

Yes, Brixmor Ppty Group Inc (BRX) reported a net income of $386.2M in fiscal year 2025, with a net profit margin of 28.2%.

Brixmor Ppty Group Inc (BRX) reported diluted earnings per share of $1.25 for fiscal year 2025. This represents a 12.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2025, Brixmor Ppty Group Inc (BRX) had $334.4M in cash and equivalents against $5.5B in long-term debt.

Brixmor Ppty Group Inc (BRX) had a net profit margin of 28.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Brixmor Ppty Group Inc (BRX) paid $1.17 per share in dividends during fiscal year 2025.

Brixmor Ppty Group Inc (BRX) has a return on equity of 12.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Brixmor Ppty Group Inc (BRX) generated $652.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Brixmor Ppty Group Inc (BRX) had $9.1B in total assets as of fiscal year 2025, including both current and long-term assets.

Brixmor Ppty Group Inc (BRX) had 307M shares outstanding as of fiscal year 2025.

Brixmor Ppty Group Inc (BRX) had a debt-to-equity ratio of 1.83 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Brixmor Ppty Group Inc (BRX) had a return on assets of 4.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Brixmor Ppty Group Inc (BRX) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Brixmor Ppty Group Inc (BRX) has an earnings quality ratio of 1.69x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Brixmor Ppty Group Inc (BRX) scores 24 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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