---
schema_version: "secwatch.filing_event.v1"
accession: "0001581068-23-000040"
form_type: "8-K"
ticker: "BRX"
cik: "0001581068"
company_name: "Brixmor Property Group Inc."
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T04:59:36.712199+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Brixmor reports Q1 net income $112M, raises FFO guidance, occupancy record 94%

## Summary
- Net income $112.2M ($0.37 diluted EPS) vs $79.5M ($0.26); NAREIT FFO $151.6M ($0.50) vs $145.4M ($0.49).
- Same property NOI +4.9% driven by base rent growth 500 bps; total leased occupancy record 94.0%.
- Updated 2023 NAREIT FFO guidance to $1.97-$2.04; same property NOI growth raised to 2.0%-3.5%.
- Repurchased $199.6M of 3.650% Senior Notes due 2024; funded by $200M term loan swapped to fixed 3.59%.
- Appointed Sheryl M. Crosland as independent board chair; declared $0.26/share quarterly dividend payable July 17.

## SEC filing metadata
- accession: 0001581068-23-000040
- form_type: 8-K
- ticker: BRX
- cik: 0001581068
- company_name: Brixmor Property Group Inc.
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1581068/000158106823000040/0001581068-23-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1581068/000158106823000040/brx-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001581068-23-000040
- JSON: https://secwatch.observer/filing/0001581068-23-000040.json
- Plain text: https://secwatch.observer/filing/0001581068-23-000040.txt

## Key facts
- Earnings Releases
  Brixmor Property Group Inc. reported the three months ended March 31, 2023 results: net income net income was $112.2 million, or $0.37 per diluted share, and $79.5 million, or $0.26 per diluted share, respectively, EPS net income was $0.37 per diluted share and $0.26 per diluted share, respectively. Guidance raised.
  - Period: the three months ended March 31, 2023
  - Net income: net income was $112.2 million, or $0.37 per diluted share, and $79.5 million, or $0.26 per diluted share, respectively
  - EPS: net income was $0.37 per diluted share and $0.26 per diluted share, respectively
  - Guidance: raised
  - Result: reported results
  source text: On May 1, 2023, Brixmor Property Group Inc. (the “Company”) issued a press release announcing its financial results and Supplemental Disclosure pertaining to its operations for the first quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1581068/000158106823000040/0001581068-23-000040-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.