Brixmor Q4 net income $0.24/sh; record occupancy 94.7%; FY24 FFO guidance $2.06-2.10

Brixmor Property Group Inc.

2023-FY EPS reported $1.01 revenue$1,245,036,000

Q4 2023 net income $72.7M ($0.24/diluted share) vs $107.2M ($0.35) YoY; Nareit FFO $154.7M ($0.51) vs $147.0M ($0.49).
Record total leased occupancy of 94.7% (anchor 96.8%, small shop 90.3%); same property NOI up 3.1% Q4, 4.0% FY.
FY 2024 guidance: Nareit FFO $2.06-$2.10 per diluted share, same property NOI growth 2.5%-3.5%.
Board declared Q1 2024 dividend $0.2725/share, payable April 15; record date April 2.
Subsequent events: issued $400M 5.5% senior notes due 2034; named Steven Gallagher interim CFO effective Jan 19.

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 fourth quarter and year ended December 31, 2023 results: net income $0.24 per diluted share, EPS $0.24 per diluted share.

Period: fourth quarter and year ended December 31, 2023
Net income: $0.24 per diluted share
EPS: $0.24 per diluted share
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, 2023.

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Source: SEC EDGAR

accession 0001581068-24-000006

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