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BRXBrixmor Property Group Inc.
$30.02$9.2B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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BRX logo

Brixmor Property Group Inc.

BRX
NYSE · Retail REITs
$30.02
At close - Nov 6, 4:00 PM EST - USD
Market Cap$9.21B
P/E21.7x
52W High$32.86
Volume4.37M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Retail REIT Growth Masks AFFO Coverage Inversion

Brixmor's revenue reached $359.6M in 2026Q3, up 5.5% year-over-year on record small-shop leasing momentum, yet FFO fell 46.1% to $106.4M and AFFO halved to $53.9M from $131.4M one quarter earlier, suggesting reported operating strength may not be translating into distributable cash.

GrowthMixed
ProfitabilityModerate
ValuationAttractive
TechnicalsNeutral
Explore valuation models
MARKET ACTION

BRX price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

-13% Peers

P/E is 13% below peer median

03

Market leadership

RS 64 · Avg

Average momentum (RS Rating: 64)

04

Trend Check

N/A

Trend data unavailable

Next CatalystEstimated earnings · Jan 26
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth moderated to 5.5% in 2026Q3 from a 7.7% peak in 2025Q4, while NOI margin printed an anomalous 87.1% versus a stable 73.8%-76.8% band across the eight prior quarters, distorting underlying property economics.

Analyst Consensus+14.9% target
Buy(30 analysts)
21 Buy9 Hold0 Sell

The Bull Case

Upside Catalysts

Strong Financial Performance

Brixmor has demonstrated robust financial results, including increases in comparable leasing spreads and same-store net operating income (NOI). In 2025, the company reported revenue of $1.37 billion and earnings of $385.55 million, representing significant year-over-year increases. The company also beat Q1 2026 earnings estimates by 131%.

Occupancy Growth Potential

There is significant potential for occupancy growth within Brixmor's portfolio. Current anchor occupancy is at 95.6%, with the possibility of reaching 96-97%. Small shop leased occupancy may also improve over time.

Favorable Leasing Environment

Robust average base rent increases of 37% and new lease spreads of 34.4% indicate a favorable leasing environment. This is supported by strong leasing momentum and a healthy pipeline of signed but not yet commenced (SNO) leases.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
BRX+20.38%
S&P 500 (^GSPC)+7.63%
1-Year Return
BRX+19.00%
S&P 500 (^GSPC)+9.69%
3-Year Return
BRX+56.72%
S&P 500 (^GSPC)+69.16%
5-Year Return
BRX+43.51%
S&P 500 (^GSPC)+57.15%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
21.7x
Forward P/E
27.9x
EV/EBITDA60th %ile
15.5x
FCF YieldCash Flow
6.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
21.7x
23.0x
40th· Fair
EV/EBITDA
15.5x
15.1x
60th· Fair
Price/FCF
16.2x
12.4x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$27.29-9.1%
Base (Fair)$36.26+20.8%
Bull$46.03+53.3%
$27.29 Bear$36.26 Base$46.03 Bull
Current Market Price: $30.02
Trades at a 17.2% discount to Base DCF ($36.26)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$1.37B+6.7% YoY
Net income FY25
$386M+13.8% YoY
Free cash flow FY25
$652M+4.4% YoY
Operating margin FY25
36.7%+0.1 pts YoY
ROIC (FY25)4.6%
Avg ROIC 5Y5%
ROE (TTM)14.1%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 26, 2026
$0.28+23.7%
vs $0.23
$360M+0.6%
vs $357M
Q3 2026
Jul 27, 2026
$0.24-2.0%
vs $0.24
$354M-0.1%
vs $354M
Q2 2026
Apr 27, 2026
$0.41+65.5%
vs $0.25
$354M+1.4%
vs $349M
Q1 2026
Feb 9, 2026
$0.44+84.2%
vs $0.24
$352M+1.3%
vs $348M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
PRNewsWire·Oct 26, 2026
BRIXMOR PROPERTY GROUP ANNOUNCES THIRD QUARTER RESULTS WITH STRONG LEASING DEMAND DRIVING OCCUPANCY TO RECORD HIGHS; INCREASES DIVIDEND OVER 7% AND RAISES OUTLOOK

NEW YORK, Oct. 26, 2026 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today its operating results for the three and nine months ended September 30, 2026. For the three months ended September 30, 2026 and 2025, net income attributable to Brixmor Property Group Inc. was $0.28 per diluted share and $0.31 per diluted share, respectively, and for the nine months ended September 30, 2026 and 2025, net income attributable to Brixmor Property Group Inc. was $0.94 per diluted share and $0.81 per diluted share, respectively.

Business Wire·Oct 24, 2026
Slate Grocery REIT Announces Receipt of Interim Order, and Provides Meeting and Circular Details

TORONTO--(BUSINESS WIRE)--Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that it has obtained an interim order (the “Interim Order”) of the Ontario Superior Court of Justice (Commercial List) (the “Court”) in connection with the proposed acquisition by EP/BRX Holdings LLC (the “Purchaser”), a joint venture between an affiliate of Brixmor Property Group Inc. and affiliates of Everview Partners, L.P., of all.

Zacks Investment Research·Oct 21, 2026
Brixmor Property (BRX) Could Be a Great Choice

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Brixmor (BRX) have what it takes?

MarketBeat·Oct 2, 2026
Brixmor to Acquire Slate Grocery REIT in $2.34B Grocery Retail Deal

Brixmor Property Group NYSE: BRX said it has entered definitive agreements with Everview Partners to acquire Slate Grocery REIT, a Canadian-listed owner of U.S. grocery-anchored shopping centers, in a transaction valued at $2.34 billion.

Filtered for Brixmor Property Group Inc.More Headlines
04

Compare before deciding

Benchmark BRX against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Brixmor Property Group Inc. (BRX)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
BRX logoBRXBrixmor Property Group Inc.Current
$30.02$9.21B21.706.73%29.97%14.07%3.83%
KIM logoKIMKimco Realty Corporation
$25.52$17.21B22.825.06%34.06%7.16%4.15%
REG logoREGRegency Centers Corporation
$74.84$13.67B26.543.39%31.3%7.68%3.75%
SITC logoSITCSITE Centers Corp.
$0.67$35.05M0.27-55.61%246.15%41.84%100%
IVT logoIVTInvenTrust Properties Corp.
$31.51$2.46B86.669.2%8.68%1.61%2.95%
WHLR logoWHLRWheeler Real Estate Investment Trust, Inc.
$0.39$18.66M-256.67-4.9%-0.07%-0.09%—

Compare BRX vs Peers

Brixmor Property Group Inc. (BRX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KIM

Most directly comparable listed peer for BRX.

Scale Benchmark

vs WMT

Larger-name benchmark to compare BRX against a more recognizable public peer.

Peer Set

Compare Top 5

vs KIM, REG, SITC, IVT

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

BRX SEC Filings & Documents

Brixmor Property Group Inc. (BRX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Oct 26, 2026·SEC

Material company update

Sep 28, 2026·SEC

Material company update

Jul 27, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 9, 2026·SEC

FY 2025

Feb 10, 2025·SEC

FY 2024

Feb 12, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Oct 26, 2026·SEC

FY 2026

Jul 27, 2026·SEC

FY 2026

Apr 27, 2026·SEC

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BRX Frequently Asked Questions

Brixmor Property Group Inc. (BRX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Brixmor Property Group Inc.'s revenue?

Brixmor Property Group Inc. (BRX) reported $1.42B in revenue over the trailing twelve months. Revenue was $1.37B in fiscal year 2025. That is 23% more than the $1.11B of fiscal year 2011.

How fast is Brixmor Property Group Inc. growing?

Brixmor Property Group Inc. (BRX) grew revenue by 5.7% over the trailing twelve months, compared with the twelve months before.

Is BRX profitable?

Yes. Brixmor Property Group Inc. (BRX) earned $426.3M in net income over the trailing twelve months (a 30.0% net margin).

Dividend & Returns
Does BRX pay dividends?

Yes. Brixmor Property Group Inc. (BRX) pays a dividend that yields 3.83% at the current price, a moderate yield.

What is BRX's return on equity?

Brixmor Property Group Inc. (BRX) had a return on equity (ROE) of 14.1% over the trailing twelve months. That is in line with the market's typical 10-15%.

Industry Metrics
What is Brixmor Property Group Inc.'s FFO?

Brixmor Property Group Inc. (BRX) generated Funds From Operations (FFO) of $851.0M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Is BRX a good dividend stock?

Brixmor Property Group Inc. (BRX) offers a 3.83% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in BRX back in 2011?

Total return calculator · dividends reinvested · 15+ years of data

See returns →