Brixmor Property Group Inc reports results for the quarter ended in June - Earnings Summary

Brixmor Property

29/07/2024 22:51

* Brixmor Property Group Inc  BRX.N  reported quarterly
adjusted
earnings of 23 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 19 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 22 cents per
share. Wall Street expected results to range from 21 cents to 22
cents per share.
    * Revenue rose 2.1% to $315.69 million from a year ago;
analysts
expected $318.25 million. 
    * Brixmor Property Group Inc's reported EPS for the quarter
was 23
cents​.
    * The company reported quarterly net income of $70.13
million.
    * Brixmor Property Group Inc shares had risen by 6.4% this
quarter and gained 5.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "buy"

Wall Street's median 12-month price target for Brixmor Property
Group Inc is $25.00 
This summary was machine generated from LSEG data July 29 at
09:51 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.51           0.54           Beat
 Mar. 31 2024      0.51           0.54           Beat
 Dec. 31 2023      0.50           0.51           Beat
 Sep. 30 2023      0.50           0.50           Met