Brixmor Property Group Inc.
Business
Brixmor Property Group Inc. is an internally-managed REIT owning and operating grocery-anchored community and neighborhood shopping centers across the United States. The portfolio comprises 348 properties totaling approximately 63 million square feet of gross leasable area, primarily located in top 50 Core-Based Statistical Areas. Brixmor generates revenue through base rent from tenants and pursues growth through occupancy gains, rent escalations, property reinvestment, and selective acquisitions and dispositions.
Summary from 10-K filed 2026-02-09
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Rental income | 1,369 | 1,283 | 1,244 | 1,217 | 1,146 | |
| Other revenues | 2 | 2 | 1 | 712,000 | 6 | |
| Total revenues | 1,372 | 1,285 | 1,245 | 1,218 | 1,152 | |
| Operating costs | 162 | 153 | 146 | 141 | 132 | |
| Real estate taxes | 178 | 164 | 174 | 170 | 166 | |
| Depreciation and amortization | 415 | 381 | 362 | 345 | 327 | |
| Impairment of real estate assets | 20 | 11 | 18 | 6 | 2 | |
| General and administrative | 113 | 116 | 117 | 117 | 105 | |
| Total operating expenses | 889 | 826 | 817 | 779 | 732 | |
| Dividends and interest | 8 | 21 | 666,000 | 314,000 | 299,000 | |
| Interest expense | −225 | −216 | −191 | −192 | — | |
| Gain on sale of real estate assets | 123 | 78 | 65 | 112 | 73 | |
| Gain (loss) on extinguishment of debt, net | −300,000 | 600,000 | 4 | −221,000 | −28 | |
| Other | −3 | −3 | −2 | −4 | −65,000 | |
| Total other expense | −97 | −120 | −123 | −84 | −150 | |
| Net income | 386 | 339 | 305 | 354 | 270 | |
| Net income attributable to non-controlling interests | −27,000 | −2,000 | 0 | 0 | — | |
| Net income attributable to Brixmor Property Group Inc. | 386 | 339 | 305 | 354 | — | |
| Basic (usd per share) | 1.26 | 1.12 | 1.01 | 1.18 | 0.91 | |
| Diluted (usd per share) | 1.25 | 1.11 | 1.01 | 1.17 | 0.9 | |
| Basic (in shares) | 307 | 303 | 301 | 300 | 297 | |
| Diluted (in shares) | 308 | 304 | 302 | 302 | 299 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Land | 1,850 | 1,835 | 1,794 | 1,820 | 1,773 | |
| Buildings and improvements | 9,938 | 9,574 | 9,202 | 9,078 | 8,655 | |
| Real estate, gross | 11,787 | 11,409 | 10,996 | 10,898 | 10,428 | |
| Accumulated depreciation and amortization | −3,589 | −3,410 | −3,199 | −2,997 | −2,813 | |
| Real estate, net | 8,199 | 7,999 | 7,797 | 7,902 | — | |
| Cash and cash equivalents | 334 | 378 | 866,000 | 16 | 297 | |
| Restricted cash | 27 | 1 | 18 | 5 | 1 | |
| Marketable securities | 21 | 20 | 20 | 22 | 20 | |
| Receivables, net | 315 | 282 | 279 | 264 | 235 | |
| Deferred charges and prepaid expenses, net | 169 | 167 | 164 | 154 | 144 | |
| Real estate assets held for sale | 5 | 4 | 0 | 10 | 16 | |
| Other assets | 62 | 58 | 54 | 63 | 50 | |
| Total assets | 9,133 | 8,909 | 8,333 | 8,436 | 8,377 | |
| Debt obligations, net | 5,495 | 5,340 | 4,934 | 5,036 | 5,165 | |
| Accounts payable, accrued expenses and other liabilities | 628 | 585 | 549 | 535 | 495 | |
| Total liabilities | 6,123 | 5,925 | 5,482 | 5,571 | 5,659 | |
| Commitments and contingencies (Note 15) | 0 | 0 | 0 | 0 | 0 | |
| Common stock | 3 | 3 | 3 | 3 | 3 | |
| Additional paid-in capital | 3,438 | 3,431 | 3,311 | 3,299 | 3,232 | |
| Accumulated other comprehensive income | 2 | 8 | −3 | 9 | −13 | |
| Distributions in excess of net income | −433 | −459 | −461 | −446 | −504 | |
| Total stockholders' equity | 3,010 | 2,984 | 2,850 | — | — | |
| Non-controlling interests | 242,000 | 244,000 | 0 | — | — | |
| Total equity | 3,010 | 2,984 | 2,850 | 2,865 | 2,718 | |
| Total liabilities and equity | 9,133 | 8,909 | 8,333 | 8,436 | 8,377 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 415 | 381 | 362 | 345 | 327 | |
| Accretion of debt premium and discount, net | −3 | −3 | −3 | −3 | −3 | |
| Deferred financing cost amortization | 7 | 7 | 7 | 7 | 7 | |
| Accretion of above- and below-market leases, net | −17 | −11 | −13 | −12 | −13 | |
| Tenant inducement amortization and other | 2 | 2 | 4 | 4 | 5 | |
| Impairment of real estate assets | 20 | 11 | 18 | 6 | 2 | |
| Gain on sale of real estate assets | −123 | −78 | −65 | −112 | −73 | |
| Equity based compensation | 18 | 18 | 21 | 23 | 17 | |
| (Gain) loss on extinguishment of debt, net | 296,000 | −554,000 | −4 | 221,000 | 28 | |
| Receivables, net | −35 | −8 | −17 | −32 | 2 | |
| Deferred charges and prepaid expenses | −37 | −33 | −40 | −38 | −30 | |
| Other assets | 362,000 | −551,000 | −845,000 | −551,000 | −448,000 | |
| Accounts payable, accrued expenses and other liabilities | 18 | 27,000 | 15 | 25 | 12 | |
| Net cash provided by operating activities | 652 | 625 | 589 | 566 | 552 | |
| Improvements to and investments in real estate assets | −320 | −353 | −345 | −330 | −309 | |
| Acquisitions of real estate assets | −421 | −294 | −2 | −410 | −259 | |
| Proceeds from sales of real estate assets | 289 | 210 | 182 | 280 | 237 | |
| Purchase of marketable securities | −16 | −30 | −21 | −25 | −17 | |
| Proceeds from sale of marketable securities | 15 | 30 | 23 | 23 | 16 | |
| Net cash used in investing activities | −452 | −437 | −163 | −462 | −331 | |
| Repayment of borrowings under unsecured revolving credit facility | −660 | −99 | −632 | −675 | 0 | |
| Proceeds from borrowings under unsecured revolving credit facility | 660 | 80 | 526 | 800 | 0 | |
| Proceeds from unsecured term loans and notes | 799 | 796 | 200 | 0 | 848 | |
| Repayment of borrowings under unsecured notes | −632 | −367 | −194 | −250 | −850 | |
| Deferred financing and debt extinguishment costs | −16 | −8 | −783,000 | −8 | −34 | |
| Net proceeds from issuances of common shares | −449,000 | 115 | 0 | 53 | 5 | |
| Distributions to common stockholders | −354 | −331 | −315 | −290 | −257 | |
| Contributions from non-controlling interests | 0 | 242,000 | 0 | 0 | — | |
| Distributions to non-controlling interests | −95,000 | 0 | 0 | — | — | |
| Repurchases of common shares in conjunction with equity award plans | −12 | −14 | −11 | −10 | −6 | |
| Net cash provided by (used in) financing activities | −217 | 172 | −428 | −380 | −294 | |
| Net change in cash, cash equivalents and restricted cash | −17 | 360 | −2 | −276 | −72 | |
| Cash paid for interest, net of amount capitalized of $4,055, $3,981 and $4,147 | 220 | 189 | 187 | 187 | 191 | |
| Change in accrued capital expenditures | −17 | 3 | 6 | — | — | |
| State and local taxes paid | 2 | 2 | 2 | 2 | 2 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Brixmor Property Group Inc.'s CIK number?
Brixmor Property Group Inc.'s SEC CIK number is 0001581068 (1581068). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Brixmor Property Group Inc.'s SEC filings?
All of Brixmor Property Group Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Brixmor Property Group Inc. last report earnings?
Brixmor Property Group Inc. (BRX) most recently filed an earnings 8-K with the SEC on Apr 27, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001581068-26-000020). This is Brixmor Property Group Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Brixmor Property Group Inc.'s most recent earnings 8-K?
Brixmor Property Group Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 27, 2026 under accession 0001581068-26-000020. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Brixmor Property Group Inc.'s latest earnings 8-K →
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