Brixmor Q4 Nareit FFO $0.49 vs $0.46; same property NOI +7.3%; guides 2023 FFO $1.95-$2.03

Brixmor Property Group Inc.

2022-FY EPS reported $1.17 revenue$1,218,074,000

Record total leased occupancy 93.8%; small shop occupancy 89.2% (up 250 bps YoY).
Comparable new lease rent spreads of 43.8%; total lease spreads of 18.3% in Q4.
Q4 same property NOI grew 7.3%; full year 6.6%. FY 2022 Nareit FFO $1.95 per share.
Declared Q1 2023 dividend of $0.26/share (payable April 17); renewed $400M buyback and ATM.
2023 guidance: Nareit FFO $1.95-$2.03; same property NOI growth 1.5%-3.5%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Brixmor Property Group Inc. reported the fourth quarter and year ended December 31, 2022 results: net income $0.35 per diluted share, EPS $0.35 per diluted share. Guidance initiated.

Period: the fourth quarter and year ended December 31, 2022
Net income: $0.35 per diluted share
EPS: $0.35 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three and twelve months ended December 31, 2022.

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Brixmor Property Group Inc. filing history →

Source: SEC EDGAR

accession 0001581068-23-000013

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