earnings
confidence high
sentiment positive
materiality 0.75
Brixmor Q1 FFO $0.58 vs $0.56 YoY; raises 2026 guidance on strong leasing and NOI growth
Brixmor Property Group Inc.
2026-Q1 EPS reported
$0.41
revenue$354,819,000
- Net income per diluted share $0.41 (up from $0.23); Nareit FFO $0.58 (up from $0.56).
- Same property NOI grew 6.4% driven by 410 bps base rent; total leased occupancy 95.1%.
- Executed 1.3M sq ft leases with 27% rent spreads; new lease spreads 41.8%, renewal record 21.3%.
- 2026 Nareit FFO guidance raised to $2.34-$2.37 (prior $2.33-$2.37); same property NOI growth raised to 4.75%-5.5% from 4.5%-5.5%.
- Declared quarterly dividend $0.3075/share ($1.23 annual), unchanged; reinvestment pipeline $302.4M at 10% expected NOI yield.