Brixmor Q2 2023 FFO $0.52, same property NOI +2.7%; raises full-year guidance

Brixmor Property Group Inc.

2023-Q2 EPS reported $0.56 revenue$621,237,000

Net income $0.19/diluted share vs $0.29 YoY; Nareit FFO $0.52 vs $0.49.
Total leased occupancy record 94.1%; rent spreads on comparable space 15.4%.
2023 Nareit FFO guidance raised to $1.99-$2.04 from $1.97-$2.04; same property NOI growth raised to 2.5%-3.5%.
Repurchased $199.6M of 3.650% Senior Notes due 2024; funded with $200M term loan at fixed 3.59%.
Appointed John Peter Suarez (retired Walmart EVP) to board.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

John Peter Suarez

Director

BRX · Brixmor Property Group Inc.

Effective: 2023-07-31
Filed: July 31, 2023, 7:59 PM ET

On July 31, 2023, the Board of Directors (the “Board”) of the Company appointed John Peter (“JP”) Suarez to the Board of the Company.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

Brixmor Property Group Inc. reported the three and six months ended June 30, 2023 results: net income $0.19 per diluted share. Guidance reaffirmed.

Period: the three and six months ended June 30, 2023
Net income: $0.19 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

its operating results for the three and six months ended June 30, 2023. For the three months ended June 30, 2023 and 2022, net income was $0.19 per diluted share and $0.29 per diluted share, respectively.

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Executive change SEC 8-K Item 5.02 confidence 0.95

John Peter Suarez was appointed as Director at Brixmor Property Group Inc..

Action: appointed
Role: Director

Exact text from the filing

On July 31, 2023, the Board of Directors (the “Board”) of the Company appointed John Peter (“JP”) Suarez to the Board of the Company.

View on SEC.gov

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Brixmor Property Group Inc. filing history →

Source: SEC EDGAR

accession 0001581068-23-000048

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