Quarterly ResultApr 27, 2026, 04:13 PM
BRX Q1 EPS $0.41; FFO $0.58; Raises 2026 FFO & NOI Outlook
AI Summary
Brixmor Property Group Inc. reported strong first-quarter 2026 operating results, with net income attributable to BRX at $0.41 per diluted share and Nareit FFO at $0.58 per diluted share. The company increased its full-year 2026 Nareit FFO per diluted share outlook to $2.34-$2.37 and its same property NOI growth expectations to 4.75%-5.50%. Operational highlights include a 6.4% increase in same property NOI, 1.3 million square feet of new and renewal leases with 27.0% comparable rent spreads, and total leased occupancy of 95.1%. The company also stabilized $77.8 million in reinvestment projects and completed $107.9 million in dispositions.
Key Highlights
- Q1 2026 Net income attributable to BRX: $0.41 per diluted share.
- Q1 2026 Nareit FFO: $0.58 per diluted share.
- Increased 2026 Nareit FFO per diluted share outlook to $2.34-$2.37.
- Increased 2026 same property NOI growth outlook to 4.75%-5.50%.
- Q1 2026 same property NOI increased by 6.4% YoY.
- Executed 1.3M sq ft of leases with 27.0% comparable rent spreads.
- Total leased occupancy reached 95.1%.