Brixmor Ppty Group Inc Stock Price, News & Analysis

Brixmor Property Group (NYSE: BRX) has promoted Greg Finley to Executive Vice President - President, West, effective March 20, 2023. Finley, who joined Brixmor in 2014, will oversee more than 14 million square feet of open-air retail properties, focusing on long-term business plans including leasing and reinvestment activities. His leadership is expected to further enhance Brixmor's growth in the West region. Prior to this role, Finley held significant positions in retail development and construction with Luxottica and Lowe's. Brixmor operates 373 retail centers totaling around 66 million square feet in prime locations.

Brixmor Property Group (NYSE: BRX) will present at Citi's 2023 Global Property CEO Conference on March 7, 2023, from 2:20 PM ET to 2:55 PM ET. The event will be accessible via a live webcast on the company's website. A replay will be available until March 7, 2024. Brixmor operates a portfolio of 373 retail centers across approximately 66 million square feet, serving over 5,000 retailers.

Brixmor Property Group (NYSE: BRX) announced strong operating results for Q4 and the full year 2022, with net income per diluted share of $0.35 for Q4 2022, up from $0.27 in 2021, and $1.17 for the full year, compared to $0.90 in 2021. Brixmor executed 2 million square feet of new and renewal leases in Q4, achieving a record total leased occupancy of 93.8%. The company reported a same property NOI increase of 7.3% for Q4 and 6.6% for the year. Nareit FFO was $147 million ($0.49/share) for Q4 and $588.9 million ($1.95/share) for the year. Brixmor reaffirmed its 2023 FFO guidance of $1.95 - $2.03/share and provided a dividend of $0.26 per share, payable April 17, 2023.

Brixmor Property Group (NYSE: BRX) announced the retirement of John G. Schreiber as Chair of the Board, effective at the end of his current term after the 2023 Annual Meeting. Schreiber has been a pivotal leader since the company's IPO in 2013. Sheryl M. Crosland, a current independent director, will succeed him. CEO James Taylor expressed gratitude for Schreiber's contributions, emphasizing his strategic impact on the company. The leadership transition aims to ensure continuity and leverage Crosland's industry experience for future growth.

Brixmor Property Group announced tax reporting information for its 2022 common stock distributions. Shareholders will receive a total distribution of $0.9600 per share, with $0.2400 distributed quarterly. Key dates include: Ex-Dividend Dates (Jan 4, Apr 4, Jul 1, Oct 3, 2022), Record Dates (Jan 5, Apr 5, Jul 5, Oct 4, 2022), and Payable Dates (Jan 18, Apr 18, Jul 15, Oct 17, 2022). All ordinary dividends will be classified as such, with no capital gain distributions or return of capital. Brixmor, a publicly traded REIT, operates 378 shopping centers across the U.S.

Brixmor Property Group (NYSE: BRX) has announced it will release its 2022 fourth quarter earnings on February 13, 2023, after market close. A teleconference will be held the next day, February 14, 2023, at 9:30 AM ET, to discuss the earnings results. The live webcast will be available on the Brixmor website. Brixmor operates a national portfolio of open-air shopping centers, with 378 retail centers totaling around 67 million square feet.

Brixmor Property Group reported strong operational results for Q3 2022, achieving a net income of $79.7 million ($0.26 per diluted share), up from $46.1 million ($0.15 per diluted share) in Q3 2021. The company executed 1.7 million square feet in new and renewal leases, raising total leased occupancy to a record 93.3%. Nareit FFO rose to $147.7 million ($0.49 per diluted share). An 8.3% quarterly dividend increase to $0.26 was announced, reflecting a 4.9% annualized yield. The company also updated its 2022 NAREIT FFO guidance to $1.94 - $1.97 per diluted share, affirming same property NOI growth expectations of 5.5% - 6.0%.

Brixmor Property Group Inc. (NYSE: BRX) announced it will release its 2022 third quarter earnings on November 1, 2022, after market close. A teleconference is scheduled for November 2, 2022, at 10:00 AM ET. Investors can access the live webcast on the company's website and a replay will be available until November 16, 2022. Brixmor owns and operates a portfolio of 379 shopping centers across the U.S., totaling approximately 67 million square feet, serving over 5,000 retailers.

Brixmor Property Group Inc. (NYSE: BRX) announced its participation in the BofA Securities 2022 Global Real Estate Conference. The presentation is scheduled for September 14, 2022, from 11:05 AM ET to 11:40 AM ET. Investors can access a live webcast of the presentation on Brixmor's website. A replay will also be available until December 13, 2022. Brixmor operates a portfolio of 379 retail centers totaling approximately 67 million square feet of retail space across the U.S., serving around 5,000 retailers.