The company maintains a stable equity base of approximately $3.0B, though the 1.95 debt-to-equity ratio reported in 2025Q4 warrants ongoing monitoring due to potential inconsistencies in consolidated debt reporting.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|
| Total Assets | 9.1B | 9.13B | 8.91B | 8.33B | 8.44B | 8.38B | 8.34B | 8.14B | 8.24B | 9.15B | 9.32B | 9.5B | 9.7B | 10.17B | 9.6B | 10.03B |
| Asset Growth % | 10.43% | 2.52% | 6.91% | -1.22% | 0.7% | 0.42% | 2.45% | -1.21% | -9.96% | -1.78% | -1.88% | -2.11% | -4.62% | 5.92% | -4.27% | - |
| Real Estate & Other Assets | 0 | 70.09M | 8.13B | 7.92B | 171.43M | 164.01M | 156.06M | 7.85B | 7.93B | 8.78B | 9.01B | 9.18B | 9.38B | 9.77B | 9.21B | 9.59B |
| PP&E (Net) | 0 | 44.11M | 0 | 32.35M | 7.86B | 7.58B | 7.48B | 0 | 7.64B | 8.4B | 8.64B | 8.78B | 8.89B | 9.14B | 8.53B | 0 |
| Investment Securities | 0 | 1000K | 0 | 0 | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 647.19M | 676.66M | 685.13M | 317.59M | 295.84M | 548.75M | 628.42M | 295.99M | 312.21M | 370.89M | 306.66M | 314.48M | 316.5M | 389.98M | 375.08M | 424.38M |
| Cash & Equivalents | 323.93M | 361.53M | 377.62M | 866K | 16.49M | 296.63M | 368.68M | 19.1M | 41.74M | 56.94M | 51.4M | 69.53M | 60.59M | 113.92M | 103.1M | 157.61M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 0 | 5.26M | 18.04M | 15.21M | 17.24M | 19.43M | 24.6M | 11.92M | 80.92M | 51.47M | 41.46M | 53.16M | 75.46M | 90.16M | 98.28M |
| Intangible Assets | 0 | 122.14M | 93.41M | 59.49M | 77.51M | 63.32M | 58.75M | 0 | 107.61M | 163M | 203.93M | 271.08M | 367.01M | 509.45M | 564.74M | 0 |
| Total Liabilities | 6.07B | 6.12B | 5.92B | 5.48B | 5.57B | 5.66B | 5.66B | 5.4B | 5.41B | 6.25B | 6.39B | 6.58B | 6.72B | 6.89B | 7.33B | 7.57B |
| Total Debt | 0 | 5.87B | 5.34B | 4.93B | 5.08B | 5.21B | 5.23B | 4.86B | 4.89B | 5.68B | 5.84B | 5.97B | 6.04B | 5.98B | 6.5B | 6.69B |
| Net Debt | -323.93M | 5.51B | 4.96B | 4.93B | 5.06B | 4.91B | 4.87B | 4.84B | 4.84B | 5.62B | 5.79B | 5.9B | 5.98B | 5.87B | 6.4B | 6.54B |
| Long-Term Debt | 0 | 5.07B | 4.84B | 4.63B | 5.04B | 5.16B | 5.17B | 4.21B | 4.89B | 5.68B | 5.84B | 5.97B | 6.04B | 5.65B | 6.5B | 6.69B |
| Short-Term Borrowings | 0 | 613.54M | 495.43M | 300.35M | 0 | 12.59M | 28.23M | 648.06M | 0 | 0 | 0 | 0 | 0 | 327.55M | 0 | 0 |
| Capital Lease Obligations | 234.28M | 186.15M | 0 | 0 | 39.92M | 33.71M | 38.6M | 0 | 0 | 0 | 0 | 0 | 0 | 41.72M | 0 | 0 |
| Total Current Liabilities | 0 | 613.54M | 1.08B | 736.6M | 398.7M | 379.92M | 370.12M | 1.19B | 520.46M | 2.15B | 2.78B | 3.12B | 3.3B | 709.53M | 632.11M | 691.15M |
| Accounts Payable | 0 | 333.62M | 331.18M | 337.61M | 317.1M | 292.93M | 275.89M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -305.79M | -301.91M | -249.54M | -256.4M | -279.88M | -321.33M | 0 | 0 |
| Other Liabilities | 0 | 250.03M | 0 | 112.64M | 96.8M | 80.9M | 85.4M | 0 | -1.44B | 181.8M | 223.5M | 268.6M | -2.62B | 482.41M | 195.91M | 189.13M |
| Total Equity | 3.04B | 3.01B | 2.98B | 2.85B | 2.87B | 2.72B | 2.68B | 2.74B | 7.8B | 8.66B | 2.93B | 2.92B | 2.98B | 3.28B | 2.28B | 2.46B |
| Equity Growth % | 9.97% | 0.88% | 4.69% | -0.51% | 5.4% | 1.4% | -2.3% | -64.81% | -9.91% | 195.7% | 0.23% | -2.01% | -9.26% | 44.29% | -7.37% | - |
| Shareholders Equity | 3.04B | 3.01B | 2.98B | 2.85B | 2.87B | 2.72B | 2.68B | 2.74B | 2.84B | 2.91B | 2.92B | 2.87B | 2.9B | 2.34B | 1.72B | 1.86B |
| Minority Interest | 249K | 242K | 244K | 0 | 0 | 0 | 0 | 0 | 4.96B | 5.75B | 4.28M | 50.52M | 76.59M | 942.05M | 554.86M | 598.94M |
| Common Stock | 3.07M | 3.06M | 3.06M | 3.01M | 3M | 2.97M | 2.96M | 2.98M | 2.98M | 3.05M | 3.04M | 2.99M | 2.97M | 2.3M | 1K | 1K |
| Additional Paid-in Capital | 0 | 3.44B | 3.43B | 3.31B | 3.3B | 3.23B | 3.21B | 3.23B | 3.23B | 3.33B | 3.32B | 3.27B | 3.22B | 2.54B | 1.75B | 1.74B |
| Retained Earnings | 0 | -432.82M | -458.64M | -460.6M | 0 | 0 | 0 | -480.2M | -416.19M | -449.38M | -426.55M | -400.94M | -318.76M | -196.71M | -26.56M | 115.21M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 4.95% | 4.28% | 3.94% | 3.64% | 4.21% | 3.23% | 1.47% | 3.35% | 4.21% | 3.25% | 2.93% | 2.02% | 0.9% | -0.95% | -1.25% | 0.67% |
| Return on Equity (ROE) | 14.85% | 12.89% | 11.63% | 10.68% | 12.69% | 10.01% | 4.47% | 5.21% | 4.45% | 5.19% | 9.43% | 6.57% | 2.84% | -3.36% | -5.18% | 2.75% |
| Debt / Assets | 0% | 64.3% | 59.94% | 59.21% | 60.16% | 62.2% | 62.74% | 59.7% | 59.28% | 62.01% | 62.65% | 62.9% | 62.28% | 58.8% | 67.68% | 66.73% |
| Debt / Equity | 0.00x | 1.95x | 1.79x | 1.73x | 1.77x | 1.92x | 1.95x | 1.77x | 0.63x | 0.66x | 1.99x | 2.05x | 2.03x | 1.82x | 2.86x | 2.72x |
| Net Debt / EBITDA | -0.35x | 6.00x | 5.83x | 4.22x | 6.41x | 6.56x | 4.90x | 4.47x | 3.92x | 5.32x | 5.72x | 10.64x | 11.32x | 8.42x | 9.24x | 10.10x |
| Book Value per Share | 9.87 | 9.78 | 9.81 | 9.43 | 9.49 | 9.10 | 9.00 | 9.17 | 25.79 | 28.35 | 9.60 | 9.57 | 12.18 | 17.38 | 10.19 | 11.00 |
Leverage reporting transparency
According to recent financial disclosures, Brixmor reported a debt-to-equity ratio of 1.95 in 2025Q4, a figure that warrants careful scrutiny given the broader REIT sector's typical leverage profiles and the potential for reporting inconsistencies regarding consolidated debt obligations across the provided quarterly data sets.
The reported debt-to-equity ratio appears anomalous when compared to historical industry standards, suggesting that investors should verify whether this reflects a genuine deleveraging event or a specific accounting treatment of property-level debt. If the leverage is indeed as low as reported, it provides a significant cushion against interest rate volatility, though the lack of clarity on debt maturity ladders makes it difficult to assess refinancing risk.
As reported in the 2026Q1 financial statements, the company maintains a cash balance of $344.4M, which appears sufficient to support near-term operational requirements, though the absence of explicit revolver covenant headroom data limits a full assessment of the company's ability to fund its ongoing redevelopment pipeline.
The fluctuation in cash balances, ranging from $20.8M in 2023Q4 to a peak of $473.6M in 2024Q2, suggests a dynamic approach to liquidity management that likely aligns with the timing of capital recycling initiatives. Analysts should monitor whether this cash position is intended to serve as a buffer for upcoming debt maturities or if it is earmarked for immediate deployment into high-yielding redevelopment projects.
Based on the provided balance sheet data, total equity has remained remarkably stable at approximately $3.0B since 2025Q2, indicating that the company has not relied on significant secondary stock issuances to fund its growth, thereby avoiding potential dilution for existing shareholders during this expansionary phase.
The stability of the equity base suggests that management is prioritizing internal capital generation through retained FFO rather than external equity financing. This approach appears to support a disciplined capital allocation strategy, though it places the burden of growth entirely on the company's ability to execute its mark-to-market rent recapture program effectively.
As indicated by the inconsistent reporting of net property, plant, and equipment, which frequently appears as zero in the provided data, there is a risk that significant maintenance and redevelopment costs are being capitalized, potentially masking the true recurring expense profile of the retail portfolio.
The intermittent reporting of PPE values suggests that the company's balance sheet may not fully capture the ongoing capital intensity required to maintain its grocery-anchored centers. Investors should be wary that this accounting treatment could artificially inflate book value and net income, necessitating a more granular review of the actual cash outlays for property improvements.
Quick answers to the most common questions about buying BRX stock.
As of 2025, Brixmor Property Group Inc. (BRX) had total assets of $9.13B including $676.7M in current assets.
Brixmor Property Group Inc. (BRX) carries total debt of $5.87B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Brixmor Property Group Inc. (BRX) has total shareholders' equity (book value) of $3.01B ($9.78 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Brixmor Property Group Inc. (BRX) reported a current ratio of 1.10x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.