Brixmor Property Group Inc. Segments Disclosure
| Year Ended December 31, | ||||||||||||||||||||
| 2025 | 2024 | 2023 | ||||||||||||||||||
| Total revenues | $ | 1,371,597 | $ | 1,285,054 | $ | 1,245,036 | ||||||||||||||
| Operating costs | (162,285) | (152,825) | (146,473) | |||||||||||||||||
| Real estate taxes | (178,231) | (164,291) | (173,517) | |||||||||||||||||
| Depreciation and amortization | (414,930) | (381,396) | (362,277) | |||||||||||||||||
| Impairment of real estate assets | (20,461) | (11,143) | (17,836) | |||||||||||||||||
General and administrative(1) | (112,669) | (116,363) | (117,128) | |||||||||||||||||
| Interest expense | (224,689) | (215,994) | (190,733) | |||||||||||||||||
Other segment items(2) | 127,896 | 96,232 | 68,015 | |||||||||||||||||
| Segment net income | $ | 386,228 | $ | 339,274 | $ | 305,087 | ||||||||||||||
| Reconciliation of Net income attributable to Brixmor Property Group Inc. | ||||||||||||||||||||
| Adjustments | — | — | — | |||||||||||||||||
| Net income attributable to Brixmor Property Group Inc. | $ | 386,228 | $ | 339,274 | $ | 305,087 | ||||||||||||||
| Year Ended December 31, | ||||||||||||||||||||
| 2025 | 2024 | 2023 | ||||||||||||||||||
| Employee compensation, net | $ | (86,710) | $ | (93,606) | $ | (92,534) | ||||||||||||||
| Other general and administrative, net | (25,959) | (22,757) | (24,594) | |||||||||||||||||
| Total general and administrative | $ | (112,669) | $ | (116,363) | $ | (117,128) | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 9, 2026 | Showing above |
| 2024 | Feb 10, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.