earnings
confidence high
sentiment positive
materiality 0.75
Brixmor Q3 FFO $0.52; record occupancy 95.6%; raises FY guidance; dividend +5.5%
Brixmor Property Group Inc.
2024-Q3 EPS reported
$0.84
revenue$956,612,000
- Q3 Nareit FFO $0.52/diluted share vs $0.50 prior year; net income $0.32/share vs $0.21.
- Record total leased occupancy 95.6% (anchor 97.7%, small shop 91.1%); same property NOI +4.1%.
- New lease rent spreads 31.8% on comparable space; executed 1.1M sf of leases.
- Raised 2024 Nareit FFO guidance to $2.13-$2.15 from $2.11-$2.14; same property NOI growth to 4.75%-5.25%.
- Quarterly dividend increased 5.5% to $0.2875/share; payable Jan 15, 2025.