Brixmor Q1 net income $0.29/diluted share vs $0.37 YoY; raises 2024 FFO and NOI guidance

Brixmor Property Group Inc.

2024-Q1 EPS reported $0.29 revenue$320,241,000

Record total leased occupancy of 95.1% (anchor 97.3%, small shop 90.5%); same property NOI up 5.9%.
Nareit FFO $0.54/diluted share vs $0.50 prior year; net income $88.9M vs $112.2M.
2024 Nareit FFO per share guidance raised to $2.08-$2.11 from $2.06-$2.10; same property NOI growth raised to 3.50%-4.25%.
Interim CEO Brian Finnegan appointed April 11 due to CEO James Taylor's medical leave; dividend $0.2725/share payable July 15.
Issued $400M of 5.500% Senior Notes due 2034; subsequent $17.3M acquisition of West Center on Long Island.

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 three months ended March 31, 2024 results: net income $0.29 per diluted share, EPS $0.29 per diluted share. Guidance raised.

Period: the three months ended March 31, 2024
Net income: $0.29 per diluted share
EPS: $0.29 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

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, 2024.

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Source: SEC EDGAR

accession 0001581068-24-000018

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