Brixmor Property Group Inc. is an internally managed REIT that owns and operates a national portfolio of open-air, grocery-anchored community and neighborhood shopping centers. News about BRX commonly covers quarterly and annual operating results, same-property NOI, Nareit FFO, leasing and occupancy trends, reinvestment projects, and portfolio acquisition or disposition activity.
Company updates also address dividends and distribution tax reporting, share repurchase and at-the-market equity programs, earnings-call schedules, investor conference presentations, and shareholder voting matters tied to its public REIT structure.
Brixmor Property Group (NYSE: BRX) raised its quarterly dividend by 7.3% and increased its full-year outlook following third-quarter results.
Quarterly net income fell to $87.8 million, or $0.28 per diluted share, from $94.2 million, or $0.31. Funds from operations (FFO), a supplemental real estate earnings measure, rose to $0.60 per diluted share from $0.56. Same property net operating income (NOI) grew 6.6%, and leased occupancy reached 95.6%.
The $0.3300 dividend is payable January 15, 2027. Brixmor expects 2026 FFO of $2.36–$2.38 per diluted share, up from $2.35–$2.37, and same property NOI growth of 5.50%–5.75%, versus 5.00%–5.75% previously. Its pending Slate Grocery REIT transaction with Everview Partners is valued at approximately $2.34 billion; Brixmor would acquire 23 properties and invest in a joint venture acquiring another 92. Closing is expected in the first quarter of 2027.
Slate Grocery REIT (SGR.U, SGR.UN) agreed to be acquired by a Brixmor and Everview joint venture for US$13.00 per unit in cash. The transaction has an enterprise value of approximately US$2.3 billion. The price is approximately 13% above the May 21, 2026, closing price and approximately 20% above the September 23, 2026, closing price.
Closing is expected in the first quarter of 2027, subject to unitholder and court approval and termination of the management agreement. The manager will receive US$50 million for that termination. No distributions will be paid for October 2026 through closing. If closing occurs after January 20, 2027, holders will receive an additional US$0.002482 per unit for each day from that date until closing. At closing, the purchaser will also buy NA Essential’s joint-venture interests for approximately US$187.5 million. The special committee and board recommend approval; the REIT would become private after closing.
Brixmor Property Group (BRX) and Everview Partners agreed to acquire Slate Grocery REIT in a $2.34 billion transaction.
Brixmor will acquire interests in 23 grocery-anchored centers for $636 million, fully owning 22 and holding half of one. A joint venture will acquire another 92 centers for $1.71 billion. Brixmor will hold 20% of the venture’s common equity, Everview will hold 80%, and Brixmor will manage the properties. Brixmor will also invest approximately $174 million in preferred equity carrying a 9% dividend.
The 23-center portfolio is approximately 96% leased. Across both portfolios, in-place rents average 32% below those in Brixmor’s current portfolio. Brixmor has identified approximately $100 million in redevelopment and outparcel opportunities in its portfolio and expects immediate accretion to Nareit funds from operations per share. Closing is expected in the first quarter of 2027, subject to Slate unitholder approval and other customary conditions.
Brixmor Property Group (BRX) will release its third quarter 2026 earnings on Monday, October 26, 2026 after the market close and will discuss the results on a teleconference the following day.
The earnings call is scheduled for Tuesday, October 27, 2026 at 10:00 AM ET. Investors can access a live webcast of the “Brixmor 3Q 2026 Earnings Call” under the Investors tab at the company’s website, https://www.brixmor.com, or join by phone at 1.877.704.4453 (international: 1.201.389.0920). A replay of the webcast will be available on the website, and a replay of the call can be accessed until midnight ET on Tuesday, November 10, 2026 by dialing 1.844.512.2921 (international: 1.412.317.6671) and using passcode 13762372.
Brixmor Property Group (BRX) will present at the BofA Securities 2026 Global Real Estate Conference on Tuesday, September 15, 2026, from 10:20 AM ET to 10:55 AM ET.
The presentation will be accessible via a live webcast through the Investors tab at the Brixmor website, with a replay available until September 15, 2027.
EVgo (NASDAQ: EVGO) and Brixmor Property Group (NYSE: BRX) are expanding their partnership to install more than 500 new EVgo fast charging stalls at Brixmor shopping centers across the U.S. Once completed, at least 90 Brixmor centers — over 25% of its portfolio — will host EVgo fast chargers.
New sites are planned in Florida, Illinois, Minnesota, New Jersey, Pennsylvania and Texas, with deployment beginning later in 2026 and the first expanded-location expected at Barn Plaza near Philadelphia. Individual sites may feature up to 12 high-power chargers, extending a collaboration that began in 2016.
Brixmor Property Group (NYSE: BRX) reported second quarter 2026 results showing strong leasing and operating metrics alongside modest earnings changes. Net income attributable to Brixmor was $73.5 million, or $0.24 per diluted share, versus $0.28 a year earlier, while Nareit FFO rose to $178.6 million, or $0.58 per diluted share, up from $0.56.
The company executed 1.4 million sq. ft. of new and renewal leases with comparable rent spreads of 19.1%, achieving record small shop leased occupancy of 92.6% and total leased occupancy of 94.8%. Same property NOI increased 5.8% for the quarter and 6.1% year-to-date.
Brixmor stabilized $5.4 million of reinvestment projects at an 11% incremental NOI yield and reported an in-process reinvestment pipeline of $347.8 million. The company acquired four shopping centers for a combined $164.3 million and generated $15.1 million of disposition proceeds in the quarter.
The operating partnership issued $400.0 million of 5.375% Senior Notes due 2036, using proceeds to help repay $600.0 million of 4.125% Senior Notes due 2026. Liquidity at June 30, 2026 totaled $1.5 billion, and net principal debt to adjusted EBITDA was 5.3x (current quarter annualized).
Brixmor increased 2026 Nareit FFO per diluted share guidance to $2.35–$2.37 and raised same property NOI growth expectations to 5.00%–5.75%. The board declared a quarterly dividend of $0.3075 per common share, payable October 15, 2026 to shareholders of record on October 2, 2026.
Brixmor Property Group (NYSE: BRX) reported second-quarter 2026 investment activity, highlighting $164.3 million of shopping center acquisitions and active capital recycling.
Four centers were acquired, including Mayfair Shopping Center for $70.0 million, partially funded with $30.5 million of OP units and $30.5 million of assumed debt. Brixmor also generated $15.1 million of Q2 and $123.0 million of six-month gross proceeds from dispositions of two and six centers, respectively.
Brixmor Property Group (NYSE: BRX) released its eighth annual Corporate Responsibility report, detailing 2025 performance across employee, community, environmental, and governance pillars.
Highlights include 95%+ employee satisfaction, 56% emissions reduction vs. 2018, large cuts in water and electricity use, and top governance ratings from Green Street and ISS.
Brixmor Property Group (NYSE: BRX) announced the passing of former Chief Executive Officer James M. Taylor Jr., offering condolences to his family and colleagues.
Taylor led Brixmor from 2016 until his retirement in December 2025, guiding a strategic transformation and helping shape its culture and position as an owner and operator of open-air retail centers.