earnings
confidence high
sentiment positive
materiality 0.75
Brixmor Q3 net income $0.26/sh, FFO $0.49, record occupancy 93.3%, dividend raised 8.3%
Brixmor Property Group Inc.
2022-Q3 EPS reported
$0.82
revenue$909,505,000
- Net income $0.26 per diluted share vs $0.15 YoY; Nareit FFO $0.49 per diluted share.
- Same property NOI grew 3.6%; total leased occupancy record 93.3% (anchor 95.4%, small shop 88.8%).
- Quarterly dividend raised 8.3% to $0.26/share, payable Jan 17, 2023 to holders of record Jan 4.
- 2022 NAREIT FFO guidance narrowed to $1.94-$1.97; same property NOI growth affirmed 5.5%-6.0%.
- Subsequent dispositions $81.4M; renewed $400M share repurchase and ATM equity programs.