Brixmor Ppty Group Inc SEC Filings

Brixmor Property Group (BRX) authorized a new share repurchase program for up to $400 million, replacing the prior $400 million plan and scheduled to expire on October 28, 2028. Repurchases may occur over time in the open market, privately negotiated transactions, Rule 10b5-1 plans, or accelerated repurchases, and can be started or suspended at any time, subject to existing debt agreements.

The company and its operating partnership also entered Equity Distribution Agreements supporting an “at-the-market” offering of up to $400 million of common stock, including the ability to execute forward sale agreements. Sales may be made on the NYSE, to/through market makers, in block trades, privately negotiated transactions, or to agents acting as principals. For forward sales, Brixmor does not initially receive proceeds; it expects to physically settle later for cash, but may alternatively cash or net-share settle. Net proceeds are intended for general corporate purposes. Sales agent compensation is up to 2.0% of the gross sales price (with a comparable reduction to the initial forward price for forward sales).

Brixmor Property Group Inc. (BRX) filed a prospectus supplement registering up to 2,500,000 shares of common stock for its Dividend Reinvestment and Direct Stock Purchase Plan. The Plan lets existing stockholders reinvest cash dividends and allows stockholders and new investors to make direct monthly purchases.

Shares may be acquired on the open market or issued directly by Brixmor. Proceeds are received by the company only when shares are newly issued and will be used for general corporate purposes; Brixmor receives no proceeds when the Plan Administrator buys on the open market. Typical purchase limits apply: minimum $50 per transaction for participants ($100 initial for non‑holders) and a $20,000 monthly maximum, with larger pre‑approved purchases possible. Large Cash Purchases, if approved, are newly issued and may be priced over a multi‑day period, with potential discounts up to 5% at Brixmor’s discretion.

To help maintain REIT status, Brixmor’s charter generally restricts ownership to no more than 9.8% of common stock or capital stock, subject to limited waivers. BRX trades on the NYSE.

Brixmor Property Group Inc. launched an at-the-market offering of up to $400,000,000 of common stock under equity distribution agreements with multiple financial institutions. Shares may be sold by the company through Sales Agents, directly to a Sales Agent acting as principal, or by Forward Sellers in connection with forward sale agreements. The company will not initially receive proceeds from Forward Seller borrow-and-sell transactions; cash is received upon physical settlement with a Forward Purchaser.

Brixmor expects to use any net proceeds for general corporate purposes, with interim investment in interest-bearing instruments consistent with REIT status. Commissions to Sales Agents or Forward Sellers will not exceed 2.0% of the gross sales price. The program ends upon selling an aggregate $400,000,000, termination by the parties, or on October 28, 2028. The charter generally limits any holder to 9.8% ownership of outstanding common stock to help maintain REIT qualification. Forward agreements allow physical, cash, or net share settlement, which can affect dilution and proceeds.

Brixmor Property Group Inc. (BRX) filed an automatic shelf registration statement on Form S-3, allowing it to offer, from time to time after effectiveness, various securities in one or more offerings. The shelf covers common stock, preferred stock, depositary shares, purchase contracts, units, and warrants. Brixmor Operating Partnership LP may also offer debt securities under the same shelf.

Specific terms, amounts, and prices will be set in future prospectus supplements. The plan of distribution permits sales through underwriters, dealers, agents, or directly to purchasers on a continuous or delayed basis. Brixmor’s common stock trades on the NYSE under the symbol BRX. Unless specified otherwise in a supplement, net proceeds are intended for general corporate purposes, including working capital, debt repayment, capital expenditures, stock repurchases, and acquisitions.

As of September 30, 2025, Brixmor’s portfolio comprised 354 shopping centers totaling approximately 63 million square feet.

Brixmor Property Group (BRX) reported Q3 2025 results with total revenue of $340.8 million, up from $320.7 million a year ago. Net income was $94.2 million versus $96.8 million, and diluted EPS was $0.31. For the first nine months, revenue reached $1.018 billion and net income was $249.1 million.

The company continued its capital recycling program. It acquired LaCenterra at Cinco Ranch and other assets for an aggregate purchase price of $229.9 million and disposed of seven shopping centers in Q3 for $79.1 million of proceeds, generating a $40.0 million gain. It recorded a $16.1 million impairment on the Springdale property in Mobile, AL.

Brixmor strengthened liquidity and extended maturities. It amended its unsecured credit facility to total $1.75 billion of capacity, extended the revolver to April 2029 and the term loan to April 2030, and lowered pricing spreads. It issued $400 million notes due 2032 at 5.200% and $400 million notes due 2033 at 4.850%, and repaid $632.3 million of notes due 2025. Cash from operations was $479.8 million year-to-date. Shares outstanding were 306,100,010 as of October 1, 2025.

Brixmor Property Group Inc. announced third quarter 2025 results and furnished related materials. The company issued a press release for the quarter ended September 30, 2025 and provided Supplemental Financial Information, furnished as Exhibits 99.1 and 99.2.

Under General Instruction B.2, this information is furnished, not deemed filed, and is not incorporated by reference unless specifically stated. The 8-K lists Common Stock (BRX) on the New York Stock Exchange.

Brixmor Property Group Inc. (BRX) announced a temporary leadership change. On October 16, 2025, CEO James M. Taylor Jr. began a temporary medical leave of absence, effective the same day. On October 15, 2025, the Board appointed Brian T. Finnegan, the Company’s President and Chief Operating Officer, to also serve as interim Chief Executive Officer until Mr. Taylor’s return.

The Company furnished a press release as Exhibit 99.1 under Item 7.01, which is not deemed filed under the Exchange Act and is not incorporated by reference into Securities Act filings.

Brixmor Property Group reported a proposed insider sale under Rule 144 for 25,000 common shares, to be executed through UBS Financial Services on 09/05/2025 on the NYSE at an aggregate market value of $706,250. The shares were acquired as restricted stock units on 01/01/2024 and fully paid at acquisition. The filing states there were no other securities sold by the reporting person in the past three months. The notice includes the required representation that the seller is not aware of undisclosed material adverse information about the issuer.

Steven F. Siegel, Executive Vice President, General Counsel and Secretary of Brixmor Property Group Inc. (BRX), sold 25,000 shares on 09/05/2025 at a weighted average price of $28.21 per share (individual sale prices ranged from $28.13 to $28.46). After this disposition, Siegel beneficially owns 302,657 shares, reported as direct ownership. The Form 4 is filed by one reporting person and includes an undertaking to provide detailed per-price sale information to the SEC or a security holder upon request.