Brixmor Q3: Nareit FFO $0.50/sh; same property NOI +4.8%; raises 2023 guidance; dividend +4.8%

Brixmor Property Group Inc.

2023-Q3 EPS reported $0.77 revenue$928,551,000

Q3 net income $0.21 diluted EPS (vs $0.26); Nareit FFO $0.50 (vs $0.49); same property NOI +4.8%.
Raised 2023 NAREIT FFO guidance to $2.02-$2.04 (from $1.99-$2.04); same property NOI growth to 3.5%-4.0%.
Increased quarterly dividend 4.8% to $0.2725/sh, payable Jan 16, 2024 to holders of record Jan 3.
Executed 1.7M sqft leases; new lease rent spreads 52.7%; total leased occupancy 93.9%; small shop record 89.8%.
Promoted Angela M. Aman to President, CFO, Treasurer; Brian Finnegan to Sr. EVP, COO; appointed JP Suarez to board.

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 0.95

Brixmor Property Group Inc. reported third quarter ended September 30, 2023 results: net income $0.21 per diluted share, EPS $0.21 per diluted share. Guidance raised.

Period: third quarter ended September 30, 2023
Net income: $0.21 per diluted share
EPS: $0.21 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

For the three months ended September 30, 2023 and 2022, net income was $0.21 per diluted share and $0.26 per diluted share, respectively.

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Source: SEC EDGAR

accession 0001581068-23-000060

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