Brixmor Property Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Brixmor Property

29/10/2024 02:27

* Brixmor Property Group Inc  BRX.N  reported quarterly
adjusted
earnings of 32 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 21 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 23
cents per share.
    * Revenue rose 4.3% to $320.68 million from a year ago;
analysts
expected $320.11 million. 
    * Brixmor Property Group Inc's reported EPS for the quarter
was 32
cents​.
    * The company reported quarterly net income of $96.84
million.
    * Brixmor Property Group Inc shares had fallen by 1.4% this
quarter and gained 18.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
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 28.00 
This summary was machine generated from LSEG data October 29 at
02:27 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
 Sep. 30 2024      0.52           0.52           Met
 Jun. 30 2024      0.51           0.54           Beat
 Mar. 31 2024      0.51           0.54           Beat
 Dec. 31 2023      0.50           0.51           Beat