earnings
confidence high
sentiment positive
materiality 0.75
Brixmor Q3 net income $0.15/diluted share; raises 2021 FFO and NOI guidance
Brixmor Property Group Inc.
2021-Q3 EPS reported
$0.63
revenue$856,956,000
- Q3 NAREIT FFO $0.39/diluted share vs $0.36 YoY; same property NOI up 14.5%.
- Executed 1.7M sq ft leases with 12.3% rent spreads; new leases 26.3% spreads.
- Total leased occupancy 91.5%; dividend raised 12% to $0.24/quarter.
- Issued $500M 2.500% Senior Notes due 2031; redeemed $500M 3.250% Notes due 2023.
- 2021 FFO guidance raised to $1.72-$1.75; same property NOI growth raised to 7.5%-8.5%.