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Brixmor Property Group Inc.

BRX Real Estate Reit Retail

Brixmor Property Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 6.73% from fiscal 2024.

Revenue
+5.50%
EPS
−7.48%
Free cash flow
+294.3%
Total debt
−3.10%

Quarter to September 2026, against a year earlier

29.85 0.38 −1.26%
Market cap
$9.2B
P/E
21.4×
Fwd P/E
25.2×
Dividend yield
4.12%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Insider Decisions last twelve months

Sold, $m 0.50
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 1 — — — — — 1 — — —
Insider Ownership 1.39%

Capital & Financial Ratios $m

Size
Market Cap 9,190.00
Revenue ttm 1,422.37
Net income ttm 426.69
Free cash flow ttm 409.85
Net debt Q 5,117.63
Valuation
P/E 21.37
Forward P/E 25.20
Price / sales 6.45
Forward P/S Powerpack
Price / FCF 22.38
Price / book 3.04
Financial health
Current ratio Q 0.81
Debt / equity Q 1.76
Interest coverage Q 2.33
Growth
Revenue growth Q +5.50% (above 0%: growing)
Operating income growth Q +24.96% (above 0%: growing)
EPS, this year −13.88% (below 0%: weak)
EPS, next year A −6.01% (below 0%: weak)
Revenue, next year A +3.46%
EPS, past 5 yrs +24.98% (at or above 15%: strong)
EPS, next 5 yrs A −4.39% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 10.0×, against a ten-year median of 9.6×; over the ten years it ranged from 6.7× in 2020 to 11.3× in 2016.
P/E against its own 10 years 46.46%
10-year low 10-year high
P/S against its own 10 years 85.70%
10-year low 10-year high
P/B against its own 10 years 96.15%
10-year low 10-year high
EV/Sales against its own 10 years 66.23%
10-year low 10-year high
EV/FCF against its own 10 years 57.10%
10-year low 10-year high

Dividends raised 6 years running

Yield
4.12%
Annual rate
1.23
Payout ratio
89.4%
Growth, 2018–26
+1.41%/yr
  1. 1.10 ’18
  2. 1.12 ’19 +2
  3. 0.57 ’20 −49
  4. 0.86 ’21 +51
  5. 0.96 ’22 +12
  6. 1.04 ’23 +8
  7. 1.09 ’24 +5
  8. 1.15 ’25 +6
  9. 1.23 ’26 +7
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 39 399 383 205
Receivables 279 282 315 319
Inventory — — — —
Other — — — —
318 681 698 524
2023 2024 2025 Q'26
Payables 549 585 628 649
ST’ Debt — — — —
Other — — — —
549 585 628 649

Compound Annual Growth %

10y 5y 3y
Sales 0.80% 5.42% 4.04%
Cash Flow 2.21% 8.03% 4.80%
Earnings 7.15% 26.18% 2.93%
Book Value 0.30% 2.34% 1.66%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.59 Actual 0.60

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.57 0.58 Beat by 0.01
Q1 FY26 0.57 0.58 Beat by 0.01
Q2 FY26 0.58 0.58 Met by 0.00
Q3 FY26 0.59 0.60 Beat by 0.01
Q4 FY26 0.61 — Reports 8 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.41 0.24 0.29 — —
’25 0.23 0.28 0.31 0.44 1.25
’24 0.29 0.23 0.32 0.27 1.11
’23 0.37 0.19 0.21 0.24 1.01
’22 0.26 0.29 0.26 0.35 1.17
’21 0.18 0.30 0.15 0.27 0.90
’20 0.20 0.03 0.09 0.08 0.41
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 355 354 360 — —
’25 338 339 341 354 1,372
’24 320 316 321 328 1,285
’23 311 310 307 316 1,245
’22 299 306 305 309 1,218
’21 280 287 290 295 1,152
’20 282 248 254 269 1,053
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 141 204 171 — —
’25 130 181 168 172 652
’24 129 184 157 155 625
’23 135 160 159 135 589
’22 112 162 167 125 566
’21 111 164 150 127 552
’20 95 84 144 119 443
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 176 65 96 — —
’25 66 110 (49) 73 201
’24 119 78 77 (86) 188
’23 182 100 77 64 424
’22 (63) (79) 112 137 106
’21 76 97 98 (48) 222
’20 48 18 119 92 277
Fiscal quarters ending in the months shown.

Valuation

The price implies FFO a share growing −0.4% a year for ten years. It grew 1.6% a year over the last ten.

Implied
−0.4%
10 years, reported
1.6%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,276 1,283 1,234 1,168 1,053 1,152 1,218 1,245 1,285 1,372 1,422 +0.8% 1,419 1,526 1,585 +4.9%
Gross margin, % 75.86 75.44 74.59 74.67 73.36 74.16 74.40 74.30 75.32 75.17 75.28 (0.7) pt
EBT 278 295 366 275 121 270 354 305 339 386 427 +3.7%
EBT margin, % 21.76 23.02 29.67 23.52 11.50 23.45 29.08 24.50 26.40 28.16 30.00 +6.4 pt
Net income 278 300 366 275 121 270 354 305 339 386 427 +3.7%
Per share, $
Per share, $ Revenue 4.23 4.21 4.09 3.92 3.55 3.87 4.06 4.14 4.24 4.47 4.63 +0.6%
Earnings 0.91 0.98 1.21 0.92 0.41 0.91 1.18 1.01 1.12 1.26 1.40 +3.7%
Cash flow 1.88 1.81 1.79 1.77 1.49 1.86 1.89 1.96 2.06 2.12 2.24 +1.3%
Capex (0.45) (0.21) 2.22 (0.62) (0.56) (1.11) (1.53) (0.55) (1.44) (1.47) (0.91) +14.0%
Free cash flow 1.43 1.61 4.02 1.15 0.93 0.75 0.35 1.41 0.62 0.65 1.33 (8.3%)
Book value 9.71 9.54 9.39 9.20 9.03 9.14 9.55 9.47 9.84 9.80 9.83 +0.1%
Shares, m 302 305 302 298 297 297 300 301 303 307 307 +0.2%
Valuation, ×
Valuation, × P/E 26.92 19.11 12.04 23.49 41.38 28.23 19.14 22.99 25.08 20.65 21.37 23.9
P/S 5.79 4.45 3.60 5.52 4.67 6.56 5.56 5.61 6.57 5.87 6.45 5.4
P/B 2.52 1.96 1.56 2.35 1.83 2.78 2.36 2.45 2.83 2.68 3.04 2.3
EV/Sales 10.26 8.76 7.49 9.64 9.20 10.76 9.66 9.54 10.41 9.60 10.05 9.5
EV/FCF 30.37 22.98 7.62 32.74 34.95 55.81 110.83 28.05 71.28 65.66 34.87 46.0
Cash, $m
Cash, $m Operating cash flow 567 552 542 529 443 552 566 589 625 652 688 +1.6%
Capex (136) (63) 672 (185) (166) (330) (460) (165) (437) (451) (278) +14.2%
Free cash flow 431 489 1,214 344 277 222 106 424 188 201 410 (8.2%)
Balance, $m
Balance, $m Working capital (239) (198) (211) (264) 136 58 (228) (231) 96 70 (125) n/m
Net debt 5,703 5,537 4,805 4,822 4,778 4,847 4,993 4,895 4,941 5,112 5,118 (1.2%)
Shareholders’ equity 2,927 2,908 2,836 2,744 2,681 2,718 2,865 2,850 2,984 3,010 3,020 +0.3%
Returns, %
Returns, % ROA 2.93 3.25 4.21 3.35 1.47 3.22 4.21 3.64 3.94 4.28 4.72 +1.3 pt
ROIC 3.43 3.37 3.37 3.41 2.68 3.47 3.49 3.45 3.62 3.72 4.02 +0.3 pt
ROE 9.42 10.29 12.75 9.83 4.45 9.98 12.69 10.68 11.63 12.89 14.25 +3.5 pt
People
People Employees 442 464 458 477 480 501 502 513 454 464 — +0.5%
Revenue/emp, $m 2.89 2.77 2.70 2.45 2.19 2.30 2.43 2.43 2.83 2.96 — +0.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Brixmor Property Group is an internally managed real estate investment trust, or REIT, that owns and operates open-air shopping centers in the United States. Its properties are primarily community and neighborhood centers anchored by grocery stores. It leases space to retailers and consumer service providers, ranging from national chains to local businesses.

An open-air center brings several businesses together at one property. Brixmor owns and manages the real estate, while its tenants operate their own stores and services. The company works to fill space, renew leases and improve centers through redevelopment and other investments. It also buys and sells properties as part of managing its portfolio.

Brixmor Property Group Inc. vs peers in Reit Retail (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
REG Regency Centers Corporation $14.0B 25.8× 29.9× +8.58% (above 0%: growing) +8.93% (above 0%: growing) +15.87% (above 0%: growing) 70.75% 37.28% Compare
FRT Federal Realty Investment Trust $9.8B 22.3× 25.9× +5.20% (above 0%: growing) +15.51% (above 0%: growing) +14.04% (above 0%: growing) 67.81% 34.47% Compare
BRX Brixmor Property Group Inc. $9.2B 21.4× 25.2× +5.50% (above 0%: growing) −7.48% (below 0%: shrinking) +294.25% (above 0%: growing) 75.75% 38.37%
ADC Agree Realty Corporation $9.2B 36.3× 34.2× +16.73% (above 0%: growing) +17.78% (above 0%: growing) +50.00% (above 0%: growing) 87.70% 51.23% Compare
NNN NNN REIT, Inc. $8.0B 19.6× 19.9× +8.48% (above 0%: growing) +12.98% (above 0%: growing) +232.63% (above 0%: growing) 96.70% 66.07% Compare
MAC Macerich Company (The) $7.4B — (loss-making) — (loss-making) +2.69% (above 0%: growing) n/m −3.56% (below 0%: shrinking) 0.00% 0.00% Compare
EPRT Essential Properties Realty Trust, Inc. $6.3B 22.8× 21.0× +16.38% (above 0%: growing) −15.15% (below 0%: shrinking) +12.90% (above 0%: growing) 98.73% 56.03% Compare
PECO Phillips Edison & Company, Inc. $5.8B 27.5× 44.5× +5.70% (above 0%: growing) +166.50% (above 0%: growing) +95.58% (above 0%: growing) 71.76% 29.93% Compare
KRG Kite Realty Group Trust $5.1B 15.7× 25.3× −7.17% (below 0%: shrinking) n/m −65.52% (below 0%: shrinking) 73.03% 7.13% Compare
Median of peers $7.7B 22.8× 25.9× +7.09% +14.25% +14.96% 72.40% 35.88%

All 26 Reit Retail stocks →

From the latest earnings call

Updated

  • CEO Brian Finnegan said retailer demand for grocery-anchored space continued as traffic grew, while a pipeline of signed leases had yet to begin paying rent.
  • CFO Steven Gallagher said Brixmor raised its annual outlook and expects fourth-quarter same-property income growth to moderate because of the timing of prior-year income.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 102.80%
Held by the ten largest 49.81%
Holder Shares Stake Change
Vanguard 45.28m 14.75% −282.54k
BlackRock 40.15m 13.08% +1.39m
State Street 15.09m 4.92% −212.17k
CENTERSQUARE INVESTMENT MANAGEMENT LLC 12.35m 4.02% +1.28m
Franklin Templeton 8.06m 2.63% −1.05m
Principal Financial 6.64m 2.16% +1.43m
Geode Capital Management 6.54m 2.13% +69.47k
Charles Schwab 6.38m 2.08% +120.95k
MFS Investment Management 6.38m 2.08% −33.36k
Invesco 6.00m 1.95% −1.40m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 11 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 7.31m 11.12m 197.81
2024 7.83m 16.13m 161.90
2023 7.97m 6.29m 129.33
2022 8.29m 12.19m 120.07
2021 8.36m 20.63m 128.91

Ownership

Directors and executive officers, together less than 1%
The Vanguard Group 14.80%
Blackrock, Inc. 12.00%
State Street Corporation 5.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Brixmor Property Group Inc. (BRX) Latest News

2 Nov

Impact 3 · · Business Wire

29 Oct

Impact 4 · · 24/7 Wall St.

28 Oct

Impact 4 · · Simply Wall St.

27 Oct

Impact 4 · · MarketBeat transcript
Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby

26 Oct

Impact 4 · · PR Newswire
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Associated Press

23 Oct

Impact 4 · · credaily.com
Impact 3 · · Business Wire

21 Oct

Impact 3 · · Zacks

5 Oct

Impact 3 · · Zacks

2 Oct

Impact 4 · · MarketBeat

1 Oct

Impact 4 · · Simply Wall St.

29 Sep

Impact 4 · · MT Newswires
Impact 4 · · credaily.com

28 Sep

Impact 4 · · Business Wire
Impact 4 · · MT Newswires
Impact 4 · · bisnow.com
Impact 4 ·
Impact 4 · · MT Newswires
Impact 4 · · PR Newswire

22 Sep

Impact 4 · · Simply Wall St.

8 Sep

Impact 3 · · NYSE

3 Aug

Impact 3 ·

28 Jul

Impact 4 · transcript
Impact 3 · · MarketBeat
Impact 3 · · Moby transcript

BRX metrics, ten years each

stockrow.com/BRX · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com