Brixmor Property Group Inc. (BRX) vs Realty Income Corporation (O)

Brixmor Property Group Inc. and Realty Income Corporation are both Reit Retail companies. Realty Income Corporation is the larger, with a market value of $52.5B against $8.5B — 6.2× the size. Brixmor Property Group Inc. trades at the lower P/E: 19.8× against 40.5×. Realty Income Corporation grew revenue faster over the last twelve months: 10.9% against 5.84%. Brixmor Property Group Inc. has the higher net margin (30.8% vs 20.9%) and the higher return on invested capital (3.81% vs 1.13%). Both pay a dividend; Realty Income Corporation yields more (5.74% vs 4.59%). Across the 22 metrics below, Brixmor Property Group Inc. leads on 14 and Realty Income Corporation on 8.

Valuation

Metric BRX O Reit Retail median
P/E 19.77 40.54 24.82
P/S 6.14 8.55 6.69
P/B 2.85 1.23 1.75
Price to free cash flow 32.54 n/m 13.29
EV/EBITDA 15.19 19.99 15.42
EV/Sales 9.79 12.72 10.60
Earnings yield 5.06% 2.47% 3.91%
Free cash flow yield 3.07% (2.12%) 2.98%

Profitability

Metric BRX O Reit Retail median
Gross margin 75.15% 92.67% 71.78%
Operating margin 35.30% 20.11% 34.62%
Net margin 30.82% 20.93% 27.14%
Free cash flow margin 18.88% (18.16%) 18.82%
Return on equity 14.48% 3.12% 7.05%
Return on assets 4.91% 1.71% 3.40%
Return on invested capital 3.81% 1.13% 3.18%

Growth

Metric BRX O Reit Retail median
Revenue growth (TTM) 5.84% 10.85% 8.49%
EPS growth (last fiscal year) 12.61% 19.39% —
Revenue growth, 5-year CAGR 5.42% 28.40% 8.62%
Net income growth, 5-year CAGR 26.18% 21.76% 1.85%

Health

Metric BRX O Reit Retail median
Debt to equity 1.76 0.73 0.94
Current ratio 0.82 5.88 1.62
Net debt to EBITDA 5.77 7.98 5.40

Dividend

Metric BRX O Reit Retail median
Dividend yield 4.59% 5.74% 4.57%
Payout ratio 0.87 2.25 1.21

Size

Metric BRX O Reit Retail median
Market cap 8.51b 52.53b 3.65b

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