BRIXMOR PROPERTY GROUP PROVIDES UPDATE ON FOURTH QUARTER INVESTMENT ACTIVITY

Rhea-AI Summary

Brixmor Property Group (NYSE: BRX) provided its investment activity for the three and twelve months ended December 31, 2025. During the quarter the company acquired two shopping centers and one land parcel for a combined $190.7 million, including Chino Spectrum Towne Center (≈461,000 SF) for $138.0 million and Broomfield Town Center (≈175,000 SF) for $51.2 million. For the full year Brixmor acquired three shopping centers and two land parcels for a combined $416.8 million.

Disposition activity generated approximately $170.2 million of gross proceeds in the quarter and $296.5 million for the full year from sales of shopping centers and partial properties. The company said acquisitions align with its clustering strategy in Denver and Southern California to pursue value‑add leasing and remerchandising.

Positive

• Q4 acquisitions totaling $190.7 million
• 2025 acquisitions totaling $416.8 million
• Q4 disposition proceeds of $170.2 million
• 2025 disposition proceeds of $296.5 million
• Chino Spectrum acquisition adds ~461,000 SF in high‑traffic market

Negative

• None.

Key Figures

Q4 2025 acquisitions $190.7 million Two shopping centers and one land parcel acquired in Q4 2025

2025 acquisitions total $416.8 million Three shopping centers and two land parcels acquired in 2025

Chino Spectrum price $138.0 million Purchase price for Chino Spectrum Towne Center in Chino Hills, CA

Chino Spectrum size 461,000 square feet Approximate gross leasable area of regional center

Broomfield Town Center price $51.2 million Purchase price for community shopping center in Broomfield, CO

Broomfield size 175,000 square feet Approximate gross leasable area of shopping center

Q4 2025 dispositions $170.2 million Gross proceeds from eight centers and two partial properties

2025 dispositions total $296.5 million Gross proceeds from 18 centers and six partial properties

Market Reality Check

$25.91 Last Close

Volume Volume 2,769,187 is roughly in line with the 20-day average of 2,813,735 (0.98x). normal

Technical Price 25.96 is trading below the 200-day MA of 26.2, indicating a slightly weaker pre-news trend.

Peers on Argus

Peer REITs showed mixed, mostly modest moves with both small gains and losses; no clear, unified sector direction relative to BRX’s -0.99% move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 15	Earnings scheduling	Neutral	-1.9%	Announced Q4 2025 earnings release and teleconference timing for February 2026.
Nov 24	CEO transition	Neutral	-1.3%	Planned CEO retirement and succession by existing President/COO effective January 1, 2026.
Oct 27	Quarterly results	Positive	-4.1%	Reported Q3 2025 results with FFO growth, reinvestments, and higher dividend and guidance.
Oct 16	CEO medical leave	Negative	-0.8%	CEO began temporary medical leave; President/COO appointed interim CEO.
Sep 10	Earnings scheduling	Neutral	+1.1%	Set Q3 2025 earnings release date and investor teleconference details.

Pattern Detected

Recent news flow includes multiple earnings communications and leadership updates. A notably strong Q3 2025 fundamental release saw a negative price reaction, while more routine scheduling and governance updates have drawn smaller, mixed moves.

Recent Company History

Over the last few months, Brixmor’s news has focused on earnings, leadership changes, and capital markets activity. The Q3 2025 results highlighted Nareit FFO of $172.3 million, same property NOI growth of 4.0%, and a 7.0% dividend increase, yet the stock fell 4.12% the next day. CEO medical leave and succession announcements in October and November 2025 also coincided with modest declines. Earnings release scheduling items in September and December 2025 saw relatively small price moves, suggesting stronger reactions to substantive fundamental or leadership developments.

Regulatory & Risk Context

Active S-3 Shelf Registration 2025-10-28

The company has an effective automatic shelf registration on Form S-3ASR dated 2025-10-28, allowing it to issue various securities, including equity and debt, over time via future prospectus supplements. The shelf has already supported at least two registered offerings, providing flexibility to fund general corporate purposes such as acquisitions, capital expenditures, or debt repayment.

Market Pulse Summary

This announcement highlights Brixmor’s continued capital recycling and clustering strategy, with $190.7 million of Q4 2025 acquisitions and $170.2 million of dispositions, and full-year figures of $416.8 million acquired and $296.5 million sold. The focus on grocery-anchored centers in suburban Denver and Southern California reinforces prior portfolio themes. Investors may watch leasing progress, value-add execution at properties like Chino Spectrum and Broomfield, and how this investment activity feeds into future earnings results and guidance.

Key Terms

grocery-anchored technical

"two vibrant grocery-anchored assets in high barrier to entry markets"

A grocery-anchored property is a shopping center or strip where a supermarket is the main tenant that reliably draws shoppers, like a busy anchor store that keeps foot traffic steady for smaller businesses. For investors, this matters because grocery stores tend to have stable demand and long leases, which can mean lower vacancy risk and more predictable rental income compared with centers lacking a traffic-driving tenant.

community shopping center technical

"an approximately 175,000 square foot grocery-anchored community shopping center"

A community shopping center is a mid-sized retail property that groups everyday stores — such as a grocery, drugstore, banks, and specialty shops — to serve the needs of a local area, similar to a small mall for a neighborhood. It matters to investors because its steady, convenience-driven traffic and tenant mix can produce reliable rental income, but performance depends on local population, spending patterns and lease stability.

remerchandising technical

"significant value creation and remerchandising opportunities, including meaningful near-term leasing"

Remerchandising is the process of changing which products are offered, where they sit, how they’re priced or promoted, and how they’re presented to customers across stores or online. Think of it like rearranging furniture and swapping out items to make a living room more appealing; for investors, it matters because effective remerchandising can improve sales, clear slow-moving inventory, and raise profit margins, while poor execution can signal weakening demand or higher costs.

AI-generated analysis. Not financial advice.

NEW YORK, Jan. 5, 2026 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today investment activity for the three and twelve months ended December 31, 2025. This activity reflects Brixmor's disciplined strategy of clustering its portfolio in attractive markets where the Company can leverage its platform to deliver long-term value and earnings growth, while harvesting assets where value has been maximized.

"We are excited to advance our external growth strategy with the addition of two vibrant grocery-anchored assets in high barrier to entry markets that offer compelling, accretive opportunities for long-term growth and value creation. These strategic acquisitions continue our clustering strategy by further strengthening our presence in suburban Denver and Southern California," commented Mark T. Horgan, Executive Vice President, Chief Investment Officer. "Building on the momentum from 2025, we are excited to continue pursuing similar value-add opportunities to put our operating platform to work in the year ahead."

INVESTMENT ACTIVITY

Acquisitions

• During the three months ended December 31, 2025, the Company acquired two shopping centers and one land parcel at an existing property for a combined purchase price of $190.7 million.
• During the twelve months ended December 31, 2025, the Company acquired three shopping centers and two land parcels at existing properties for a combined purchase price of $416.8 million.
• Acquisitions completed during the three months ended December 31, 2025 include:
  • Chino Spectrum Towne Center, an approximately 461,000 square foot grocery-anchored regional center located in the dense, high-income market of Chino Hills, California, less than 35 minutes east of Los Angeles, for $138.0 million. Chino Spectrum Towne Center is anchored by an H-Mart specialty grocer, Best Buy, BevMo, Marshalls, Nordstrom Rack, Skechers, and Ulta and shadow anchored by Sam's Club and Walmart Supercenter, and complements Brixmor's four other assets in the market. With over 14 million visits per year, the highly trafficked property has significant value creation and remerchandising opportunities, including meaningful near-term leasing of vacancies, as well as lease expirations over the next few years with well below-market rents, and reinvestment potential to capture strong tenant demand.
  • Broomfield Town Center, an approximately 175,000 square foot grocery-anchored community shopping center located in the high- income Denver suburb of Broomfield, Colorado for $51.2 million. Broomfield Town Center is anchored by a highly productive King Soopers and complements Brixmor's six other assets in the Denver, Colorado market. The center has significant value creation and remerchandising opportunities, including compelling near-term leasing of vacancies, as well as below-market in-place rents, and densification capacity.

Dispositions

• During the three months ended December 31, 2025, the Company generated approximately $170.2 million of gross proceeds on the disposition of eight shopping centers, as well as two partial properties.
• During the twelve months ended December 31, 2025, the Company generated approximately $296.5 million of gross proceeds on the disposition of 18 shopping centers, as well as six partial properties.

CONNECT WITH BRIXMOR

• For additional information, please visit https://www.brixmor.com;
• Follow Brixmor on:
  • LinkedIn at https://www.linkedin.com/company/brixmor
  • Facebook at https://www.facebook.com/Brixmor
  • Instagram at https://www.instagram.com/brixmorpropertygroup; and
  • YouTube at https://www.youtube.com/user/Brixmor.

ABOUT BRIXMOR PROPERTY GROUP
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 354 retail centers comprise approximately 63 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to over 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets and Ross Stores.

Brixmor announces material information to its investors in SEC filings and press releases and on public conference calls, webcasts and the "Investors" page of its website at https://www.brixmor.com. The Company also uses social media to communicate with its investors and the public, and the information Brixmor posts on social media may be deemed material information. Therefore, Brixmor encourages investors and others interested in the Company to review the information that it posts on its website and on its social media channels.

SAFE HARBOR LANGUAGE
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, and other non-historical statements. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "projects," "predicts," "intends," "plans," "estimates," "anticipates," or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include, but are not limited to, those described under the sections entitled "Forward-Looking Statements" and "Risk Factors" in our Form 10-K for the year ended December 31, 2024, as such factors may be updated from time to time in our periodic filings with the Securities and Exchange Commission (the "SEC"), which are accessible on the SEC's website at https://www.sec.gov. These factors include (1) changes in national, regional, and local economies, due to global events such as international military conflicts, international trade disputes, a foreign debt crisis, foreign currency volatility, or due to domestic issues, such as government policies and regulations, tariffs, energy prices, market dynamics, general economic contractions, rising interest rates, inflation, unemployment, or limited growth in consumer income or spending; (2) local real estate market conditions, including an oversupply of space in, or a reduction in demand for, properties similar to those in our Portfolio (defined hereafter); (3) competition from other available properties and e-commerce; (4) disruption and/or consolidation in the retail sector, the financial stability of our tenants, and the overall financial condition of large retailing companies, including their ability to pay rent and/or expense reimbursements that are due to us; (5) in the case of percentage rents, the sales volumes of our tenants; (6) increases in property operating expenses, including common area expenses, utilities, insurance, and real estate taxes, which are relatively inflexible and generally do not decrease if revenue or occupancy decrease; (7) increases in the costs to repair, renovate, and re-lease space; (8) earthquakes, wildfires, tornadoes, hurricanes, damage from rising sea levels due to climate change, other natural disasters, epidemics and/or pandemics, civil unrest, terrorist acts, or acts of war, any of which may result in uninsured or underinsured losses; and (9) changes in laws and governmental regulations, including those governing usage, zoning, the environment, privacy, data security, intellectual property rights, and taxes. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our periodic filings. The forward-looking statements speak only as of the date of this press release, and we expressly disclaim any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except to the extent otherwise required by law.

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SOURCE Brixmor Property Group Inc.

FAQ

What acquisitions did Brixmor (BRX) complete in Q4 2025 and for how much?

Brixmor acquired two shopping centers and one land parcel in Q4 2025 for a combined $190.7 million.

Which major properties did Brixmor (BRX) buy on December 31, 2025 quarter?

Notable Q4 purchases include Chino Spectrum Towne Center (~461,000 SF) for $138.0 million and Broomfield Town Center (~175,000 SF) for $51.2 million.

How much did Brixmor (BRX) generate from dispositions in 2025?

Brixmor reported approximately $296.5 million of gross proceeds from dispositions for the twelve months ended December 31, 2025.

How do Brixmor's Q4 2025 acquisitions fit its portfolio strategy?

The company said the Q4 acquisitions support its clustering strategy by strengthening presence in suburban Denver and Southern California and creating remerchandising and leasing opportunities.

Did Brixmor (BRX) buy any land parcels in 2025 and are amounts disclosed?

Yes; Brixmor acquired one land parcel in Q4 2025 and two land parcels during 2025 as part of total acquisition figures ($190.7 million Q4; $416.8 million year).