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

Brixmor Property

30/04/2024 03:04

* Brixmor Property Group Inc  BRX.N  reported quarterly
adjusted
earnings of 29 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 37 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 21 cents per share. Wall Street
expected results to range from 20 cents to 23 cents per share.
    * Revenue rose 2.7% to $319.49 million from a year ago;
analysts
expected $314.47 million. 
    * Brixmor Property Group Inc's reported EPS for the quarter
was 29
cents​.
    * The company reported quarterly net income of $88.91
million.
    * Brixmor Property Group Inc shares had fallen by 7.4% this
quarter and lost 6.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 11 "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 $26.00 
This summary was machine generated from LSEG data April 30 at
02:04 a.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
 Mar. 31 2024      0.51           0.54           Beat
 Dec. 31 2023      0.50           0.51           Beat
 Sep. 30 2023      0.50           0.50           Met
 Jun. 30 2023      0.50           0.52           Beat