Market Summary
USD20.38+0.10
Market Closed0.49%
BRX Alerts
BRX Stock Price
BRX RSI Chart
BRX Valuation
BRX Price/Sales (Trailing)
BRX Profitability
BRX Fundamentals
BRX Revenue
BRX Earnings
Price Action
52 Week Range
17.3926.52
(Low)(High)
Last 7 days
-1.6%
Last 30 days
-9.4%
Last 90 days
-9.8%
Trailing 12 Months
-16.3%
BRX Financial Health
BRX Investor Care
Peers (Alternatives to Brixmor Property Group)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PSA | 50.2B | 4.2B | -1.95% | -19.53% | 11.54 | 12 | 22.43% | 122.66% |
DLR | 27.4B | 4.7B | -11.51% | -30.78% | 72.46 | 5.83 | 5.96% | -77.90% |
EQR | 21.3B | 2.7B | -12.90% | -34.85% | 27.37 | 7.83 | 11.91% | -41.71% |
ARE | 20.3B | 2.6B | -23.09% | -36.12% | 38.87 | 7.83 | 22.46% | -8.68% |
KIM | 13.2B | 1.7B | -4.07% | -25.83% | 104.43 | 7.61 | 26.61% | -85.07% |
| MID-CAP | ||||||||
FRT | 7.5B | 1.1B | -12.78% | -19.56% | 19.52 | 7 | 12.95% | 47.42% |
KRG | 4.3B | 802.0M | -9.18% | -8.49% | -337.73 | 5.32 | 114.83% | 84.36% |
VNO | 2.7B | 1.8B | -34.87% | -68.35% | -7.76 | 1.49 | 13.26% | -296.88% |
MAC | 2.1B | 859.2M | -22.66% | -32.73% | -31.5 | 2.42 | 1.38% | -563.21% |
| SMALL-CAP | ||||||||
SKT | 2.0B | 421.4M | 1.35% | 15.46% | 23.02 | 4.64 | 3.35% | 1705.32% |
SLG | 1.3B | 826.7M | -42.91% | -73.34% | -17.02 | 1.61 | -2.04% | -117.36% |
AIV | 1.0B | 190.3M | -3.26% | -2.73% | 11.34 | 5.49 | 12.08% | 1950.56% |
PGRE | 935.5M | 740.4M | -23.50% | -61.25% | -25.7 | 1.26 | 1.87% | -78.85% |
Financials for Brixmor Property Group
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 1.1% | 1,218 | 1,205 | 1,190 | 1,171 | 1,152 |
| Operating Expenses | 1.8% | 779 | 766 | 754 | 742 | 732 |
| S&GA Expenses | 1.2% | 117 | 116 | 112 | 109 | 105 |
| EBITDA | - | 797 | - | - | - | - |
| EBITDA Margin | - | 0.69* | - | - | - | - |
| EBT Margin | - | 0.24* | - | - | - | - |
| Interest Expenses | 0.7% | 192 | 191 | 191 | 193 | 195 |
| Net Income | 4.6% | 354 | 339 | 301 | 303 | 270 |
| Net Income Margin | 3.5% | 0.29* | 0.28* | 0.25* | 0.26* | - |
| Free Cahsflow | -0.4% | 566 | 569 | 551 | 554 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | -0.6% | 8,436 | 8,486 | 8,470 | 8,246 | 8,377 |
| Cash Equivalents | -30.1% | 16.00 | 24.00 | 17.00 | 32.00 | 297 |
| Liabilities | -1.5% | 5,571 | 5,658 | 5,667 | 5,473 | 5,659 |
| Shareholder's Equity | 1.3% | 2,865 | 2,828 | 2,803 | 2,774 | 2,718 |
| Additional Paid-In Capital | 0.2% | 3,299 | 3,292 | 3,280 | 3,270 | 3,232 |
| Shares Outstanding | 0.0% | 300 | 300 | 300 | 299 | 297 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -0.4% | 566 | 569 | 551 | 554 | 552 |
| Share Based Compensation | 3.2% | 23.00 | 23.00 | 21.00 | 19.00 | 17.00 |
| Cashflow From Investing | 28.8% | -462 | -649 | -646 | -471 | -331 |
| Cashflow From Financing | -30.2% | -380 | -292 | -281 | -414 | -293 |
| Buy Backs | NaN% | 0.00 | 0.00 | - | - | - |
Risks for BRX
What is the probability of a big loss on BRX?
54.6%
Probability that Brixmor Property Group stock will be more than 20% underwater in next one year
20%
Probability that Brixmor Property Group stock will be more than 30% underwater in next one year.
19.6%
Probability that Brixmor Property Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does BRX drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Brixmor Property Group was unfortunately bought at previous high price.
Drawdowns
Returns for BRX
Cumulative Returns on BRX
2.4%
7-Year Cumulative Returns
12.2%
5-Year Cumulative Returns
31.5%
3-Year Cumulative Returns
What are the long-term rolling returns for BRX?
FIve years rolling returns for Brixmor Property Group.
Annualized Returns
Which funds bought or sold BRX recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-23 | MetLife Investment Management, LLC | reduced | -1.88 | 725,952 | 4,280,000 | 0.03% |
2023-03-23 | ETF MANAGERS GROUP, LLC | new | - | 290,053 | 290,053 | 0.01% |
2023-03-10 | MATHER GROUP, LLC. | added | 4.01 | 107,297 | 494,297 | 0.01% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -12.13 | 396,915 | 5,448,920 | 0.01% |
2023-03-06 | Rockefeller Capital Management L.P. | unchanged | - | 31,000 | 168,000 | -% |
2023-02-28 | Voya Investment Management LLC | reduced | -64.1 | -2,253,760 | 1,775,240 | -% |
2023-02-24 | NATIXIS | reduced | -84.62 | -4,197,920 | 977,077 | -% |
2023-02-24 | SRS Capital Advisors, Inc. | sold off | -100 | -10,000 | - | -% |
2023-02-22 | CVA Family Office, LLC | added | 28.26 | 2,688 | 6,688 | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | 192,000 | 1,039,000 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
BRX Alerts
Brixmor Property Group News
Schedule 13G FIlings of Brixmor Property Group
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 15.30% | 45,890,380 | SC 13G/A | |
| Feb 06, 2023 | wellington management group llp | 5.39% | 16,160,282 | SC 13G | |
| Jan 30, 2023 | blackrock inc. | 12.1% | 36,249,996 | SC 13G/A | |
| Jan 20, 2023 | state street corp | 5.61% | 16,836,881 | SC 13G | |
| Feb 09, 2022 | vanguard group inc | 15.09% | 44,821,183 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 12.1% | 35,956,258 | SC 13G/A | |
| Jan 26, 2022 | blackrock inc. | 12.1% | 35,956,258 | SC 13G/A | |
| Jan 07, 2022 | jpmorgan chase & co | 7.1% | 21,234,537 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 14.33% | 42,479,341 | SC 13G/A | |
| Jan 27, 2021 | blackrock inc. | 12.4% | 36,886,903 | SC 13G/A |
BRX Fair Value
Brixmor Property Group fair value in different scenarios
The table shows the Fair Value estimates for Brixmor Property Group for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 7.50 -63.20% | 9.95 -51.18% | 12.29 -39.70% | 15.71 -22.91% | 17.73 -13.00% |
| Current Inflation | 7.22 -64.57% | 9.48 -53.48% | 11.61 -43.03% | 14.69 -27.92% | 16.49 -19.09% |
| Very High Inflation | 6.86 -66.34% | 8.88 -56.43% | 10.75 -47.25% | 13.41 -34.20% | 14.95 -26.64% |
Historical Brixmor Property Group Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Brixmor Property Group
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 14, 2023 | ARS | ARS | |
| Mar 14, 2023 | DEF 14A | DEF 14A | |
| Mar 14, 2023 | DEFA14A | DEFA14A | |
| Feb 17, 2023 | 4 | Insider Trading | |
| Feb 13, 2023 | 10-K | Annual Report | |
| Feb 13, 2023 | 8-K | Current Report | |
| Feb 09, 2023 | SC 13G/A | Major Ownership Report | |
| Feb 06, 2023 | SC 13G | Major Ownership Report | |
| Feb 03, 2023 | 4 | Insider Trading | |
| Feb 03, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for BRX
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-02-15 | Aman Angela M | sold | -288,000 | 23.04 | -12,500 | evp, chief financial officer |
2023-02-01 | Horgan Mark | sold (taxes) | -419,705 | 23.66 | -17,739 | evp, chief investment officer |
2023-02-01 | Finnegan Brian T | acquired | - | - | 33,095 | see remarks |
2023-02-01 | Taylor James M Jr | sold (taxes) | -1,199,210 | 23.66 | -50,685 | president and ceo |
2023-02-01 | SIEGEL STEVEN F | sold (taxes) | -349,695 | 23.66 | -14,780 | see remarks |
2023-02-01 | Horgan Mark | acquired | - | - | 34,751 | evp, chief investment officer |
2023-02-01 | Taylor James M Jr | acquired | - | - | 99,287 | president and ceo |
2023-02-01 | Aman Angela M | sold (taxes) | -439,674 | 23.66 | -18,583 | evp, chief financial officer |
2023-02-01 | SIEGEL STEVEN F | acquired | - | - | 28,955 | see remarks |
2023-02-01 | Finnegan Brian T | sold (taxes) | -399,712 | 23.66 | -16,894 | see remarks |
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 395 retail centers comprise approximately 69 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to approximately 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets, Wal-Mart, Ross Stores and L.A. Fitness.
BRX Income Statement
2022-09-30CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
| Revenues | ||||
| Rental income | $ 304,643 | $ 290,013 | $ 908,903 | $ 853,407 |
| Other revenues | 102 | 173 | 602 | 3,549 |
| Total revenues | 304,745 | 290,186 | 909,505 | 856,956 |
| Operating expenses | ||||
| Operating costs | 33,299 | 32,774 | 102,592 | 92,914 |
| Real estate taxes | 44,179 | 39,763 | 128,123 | 124,908 |
| Depreciation and amortization | 84,773 | 81,724 | 254,132 | 246,356 |
| Impairment of real estate assets | 0 | 0 | 4,597 | 1,898 |
| General and administrative | 29,094 | 25,309 | 86,796 | 76,415 |
| Total operating expenses | 191,345 | 179,570 | 576,240 | 542,491 |
| Other income (expense) | ||||
| Dividends and interest | 88 | 51 | 198 | 242 |
| Interest expense | (48,726) | (48,918) | (143,934) | (147,601) |
| Gain on sale of real estate assets | 15,768 | 11,122 | 60,667 | 49,489 |
| Loss on extinguishment of debt, net | 0 | (27,116) | (221) | (28,345) |
| Other | (789) | 390 | (2,937) | 694 |
| Total other expense | (33,659) | (64,471) | (86,227) | (125,521) |
| Net income | $ 79,741 | $ 46,145 | $ 247,038 | $ 188,944 |
| Earnings Per Share [Abstract] | ||||
| Basic (usd per share) | $ 0.26 | $ 0.15 | $ 0.82 | $ 0.63 |
| Diluted (usd per share) | $ 0.26 | $ 0.15 | $ 0.82 | $ 0.63 |
| Weighted average shares: | ||||
| Basic (in shares) | 300,213 | 297,188 | 299,626 | 297,165 |
| Diluted (in shares) | 301,341 | 298,269 | 300,784 | 298,209 |
| Brixmor Operating Partnership LP | ||||
| Revenues | ||||
| Rental income | $ 304,643 | $ 290,013 | $ 908,903 | $ 853,407 |
| Other revenues | 102 | 173 | 602 | 3,549 |
| Total revenues | 304,745 | 290,186 | 909,505 | 856,956 |
| Operating expenses | ||||
| Operating costs | 33,299 | 32,774 | 102,592 | 92,914 |
| Real estate taxes | 44,179 | 39,763 | 128,123 | 124,908 |
| Depreciation and amortization | 84,773 | 81,724 | 254,132 | 246,356 |
| Impairment of real estate assets | 0 | 0 | 4,597 | 1,898 |
| General and administrative | 29,094 | 25,309 | 86,796 | 76,415 |
| Total operating expenses | 191,345 | 179,570 | 576,240 | 542,491 |
| Other income (expense) | ||||
| Dividends and interest | 88 | 51 | 198 | 242 |
| Interest expense | (48,726) | (48,918) | (143,934) | (147,601) |
| Gain on sale of real estate assets | 15,768 | 11,122 | 60,667 | 49,489 |
| Loss on extinguishment of debt, net | 0 | (27,116) | (221) | (28,345) |
| Other | (789) | 390 | (2,937) | 694 |
| Total other expense | (33,659) | (64,471) | (86,227) | (125,521) |
| Net income | $ 79,741 | $ 46,145 | $ 247,038 | $ 188,944 |
| Earnings Per Share [Abstract] | ||||
| Basic (usd per share) | $ 0.26 | $ 0.15 | $ 0.82 | $ 0.63 |
| Diluted (usd per share) | $ 0.26 | $ 0.15 | $ 0.82 | $ 0.63 |
| Weighted average shares: | ||||
| Basic (in shares) | 300,213 | 297,188 | 299,626 | 297,165 |
| Diluted (in shares) | 301,341 | 298,269 | 300,784 | 298,209 |
BRX Balance Sheet
2022-09-30CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
|---|---|---|
| Real estate | ||
| Land | $ 1,830,251 | $ 1,773,448 |
| Buildings and improvements | 9,043,590 | 8,654,966 |
| Real estate, gross | 10,873,841 | 10,428,414 |
| Accumulated depreciation and amortization | (2,943,592) | (2,813,329) |
| Real estate, net | 7,930,249 | 7,615,085 |
| Cash and cash equivalents | 23,591 | 296,632 |
| Restricted cash | 7,661 | 1,111 |
| Marketable securities | 22,047 | 20,224 |
| Receivables, net | 249,039 | 234,873 |
| Deferred charges and prepaid expenses, net | 160,063 | 143,503 |
| Real estate assets held for sale | 30,001 | 16,131 |
| Other assets | 63,068 | 49,834 |
| Total assets | 8,485,719 | 8,377,393 |
| Liabilities | ||
| Debt obligations, net | 5,109,454 | 5,164,518 |
| Accounts payable, accrued expenses and other liabilities | 548,084 | 494,529 |
| Total liabilities | 5,657,538 | 5,659,047 |
| Commitments and contingencies (Note 15) | 0 | 0 |
| Equity | ||
| Common stock | 2,999 | 2,972 |
| Additional paid-in capital | 3,292,045 | 3,231,732 |
| Accumulated other comprehensive income (loss) | 8,028 | (12,674) |
| Distributions in excess of net income | (474,891) | (503,684) |
| Total equity | 2,828,181 | 2,718,346 |
| Total liabilities and equity | 8,485,719 | 8,377,393 |
| Brixmor Operating Partnership LP | ||
| Real estate | ||
| Land | 1,830,251 | 1,773,448 |
| Buildings and improvements | 9,043,590 | 8,654,966 |
| Real estate, gross | 10,873,841 | 10,428,414 |
| Accumulated depreciation and amortization | (2,943,592) | (2,813,329) |
| Real estate, net | 7,930,249 | 7,615,085 |
| Cash and cash equivalents | 22,662 | 281,474 |
| Restricted cash | 7,661 | 1,111 |
| Marketable securities | 22,047 | 20,224 |
| Receivables, net | 249,039 | 234,873 |
| Deferred charges and prepaid expenses, net | 160,063 | 143,503 |
| Real estate assets held for sale | 30,001 | 16,131 |
| Other assets | 63,068 | 49,834 |
| Total assets | 8,484,790 | 8,362,235 |
| Liabilities | ||
| Debt obligations, net | 5,109,454 | 5,164,518 |
| Accounts payable, accrued expenses and other liabilities | 548,084 | 494,529 |
| Total liabilities | 5,657,538 | 5,659,047 |
| Commitments and contingencies (Note 15) | 0 | 0 |
| Equity | ||
| Common stock | 2,819,224 | 2,715,863 |
| Accumulated other comprehensive income (loss) | 8,028 | (12,675) |
| Total equity | 2,827,252 | 2,703,188 |
| Total liabilities and equity | $ 8,484,790 | $ 8,362,235 |