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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

Brixmor Property Group Inc. (BRX) valuation and DCF model

What the price implies · reverse DCF

At $29.85 the price implies FFO a share growing −0.4% a year for ten years.

FFO a share grew 1.6% a year over the last ten years, 10.5% over the last five. The price asks for 1.9 points a year less than its ten-year rate. The industry’s median company is priced for 1.5%.

In December 2017 the price assumed −4.5% a year; Brixmor Property Group Inc. went on to grow FFO a share 2.3% a year to FY2025.

FFO a share is worked out from Brixmor Property Group Inc.’s 10-Ks and 10-Qs: net income, plus the depreciation of its property and impairments, less gains on property sales.

Price implies
−0.4%
Last 5 years, reported
10.5%
Last 10 years, reported
1.6%
Industry median implies
1.5%

The headline discounts the last twelve months’ FFO a share at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
−0.4% a year for ten years
$29.85
today’s price
Its base case
1.6% a year for five years, then 0.9%
$33.84
13.4% above today’s price

Both are growth in FFO a share, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Brixmor Property Group Inc.’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · FFO a share
the four quarters to September 2026, from the 10-Q and 10-K filings

Yearly growth in FFO a share. It usually slows as the company matures.

Today’s price implies FFO a share growing −0.4% a year for ten years.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

The model is a share’s own: no debt to take off and no shares to divide among.

Advanced inputs

Against Brixmor Property Group Inc.’s own cost of capital: risk-free 4.3% + beta 0.94 × equity premium 4.5% = 8.5% cost of equity; weighted, 8.5%.

Use 8.5%
Base case value per share $33.84 ten years discounted, and what follows
Current price $29.85 market price per share
Above today’s price 13.4% upside at the base case’s assumptions

How we got there$16.13 10 years of FFO+$17.71 terminal value=$33.84 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Reit Retail).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 21.37× 21.84× 23.35× 8% below 24.06× 11% below
P/FCF 22.38× 37.56× 27.36× 18% below 17.80× 26% above
P/B 3.04× 2.67× 2.38× 27% above 1.77× 72% above
EV/EBITDA 15.26× 15.31× 15.02× 2% above 15.96× 4% below
EV/Sales 10.05× 9.85× 9.51× 6% above 10.99× 9% below
P/FFO 12.71× 12.84× 12.80× 1% below — —
P/E P/FCF P/B EV/EBITDA EV/Sales P/FFO
1.66×2.10×2.53×2.97×10Y avg 2.38×2017201820192020202120222023202420252026

BRX trades at 3.04× P/B, against a 10-year average of 2.38× (range 1.56×–3.04×). That is dearer than 100% of the last 9 year-end readings; re-rating to the average implies $23.43 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.