earnings
confidence high
sentiment positive
materiality 0.80
Brixmor Q2 2022: Nareit FFO $0.49/share, same property NOI +6.7%, raises full-year guidance
Brixmor Property Group Inc.
2022-Q2 EPS reported
$0.56
revenue$604,760,000
- Nareit FFO $0.49/diluted share vs $0.46 YoY; net income $0.29/diluted share vs $0.30.
- Same property NOI growth 6.7% for Q2; full-year guidance raised to 5.5%-6.0% (from 3.0%-4.5%).
- Executed 2.0M sq ft of leases with 14.6% rent spreads; small shop leased occupancy record 87.7%.
- Completed $251.1M acquisitions, $84.5M dispositions; $398.2M reinvestment pipeline at 9% yield.
- Quarterly dividend $0.24; credit rating upgraded to BBB by Fitch; credit facilities expanded to $1.75B.