earnings
confidence high
sentiment positive
materiality 0.75
Brixmor Q4 Nareit FFO $0.53 vs $0.51 YoY; guides 2025 FFO $2.19-$2.24
Brixmor Property Group Inc.
2024-FY EPS reported
$1.11
revenue$1,285,054,000
- Q4 net income $0.27/diluted ($83.4M); Nareit FFO $0.53/diluted ($161.4M).
- Same property NOI +4.7% in Q4, +5.0% for full year 2024. Leasing spreads 34.4% on new leases.
- Acquired $211.8M of centers in Q4; full-year acquisitions $293M; dispositions $212.4M.
- 2025 guidance: Nareit FFO $2.19-$2.24/diluted; same property NOI growth 3.5%-4.5%.
- Debt issuance of $800M senior notes; Moody's upgrade to Baa2; quarterly dividend $0.2875.