earnings
confidence high
sentiment positive
materiality 0.75
Brixmor Q4 Nareit FFO $0.46/diluted; same property NOI +9.7%; guides 2022 FFO $1.86-$1.95
Brixmor Property Group Inc.
2021-FY EPS reported
$0.90
revenue$1,152,274,000
- Q4 Nareit FFO $0.46/diluted ($0.33 in Q4 2020); full year $1.75 ($1.47 in 2020).
- Same property NOI increased 9.7% in Q4, 8.9% full year; record small shop leased occupancy 86.7%.
- 2022 guidance: Nareit FFO $1.86-$1.95/diluted share; same property NOI growth 2%-4%.
- Total leased occupancy 92.0%; new lease rent spreads 41.7% on 1.0M sq ft.
- Board appointed Sandra A.J. Lawrence; quarterly dividend $0.24/share (payable April 18).