Brixmor Property Group raises 2026 outlook after Q1 profit rise

Brixmor Property

27/04/2026 21:15

Overview

U.S. shopping center REIT's Q1 net income and Nareit FFO per share rose yr/yr

Company raised 2026 FFO and same property NOI growth outlooks after strong Q1 results

Executed forward sale contracts under ATM equity program, expects $116 mln in proceeds

Outlook

Brixmor raises 2026 Nareit FFO per diluted share outlook to $2.34-$2.37 from $2.33-$2.37

Company increases 2026 same property NOI growth forecast to 4.75%-5.50% from 4.50%-5.50%

Brixmor expects 2026 revenues deemed uncollectible at 75-100 basis points of total expected revenues

Result Drivers

LEASING ACTIVITY - Co cited sustained leasing demand and record renewal rent spreads as key drivers of Q1 results

BASE RENT GROWTH - Increase in same property NOI was primarily driven by base rent contribution

Company press release: ID:nPn3TpwNLa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$127.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for Brixmor Property Group Inc is $32.00, about 5.4% above its April 24 closing price of $30.35

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 26 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)