Brixmor Q2 revenue slightly beats estimates, raises 2026 outlook

Brixmor Property

27/07/2026 21:14

Overview
U.S. shopping center REIT's Q2 revenue slightly beat analyst expectations
Company raised 2026 outlook for Nareit FFO per share and same property NOI growth

Outlook
Brixmor raises 2026 Nareit FFO per diluted share outlook to $2.35-$2.37 from $2.34-$2.37
Company lifts 2026 same property NOI growth forecast to 5.00%-5.75% from 4.75%-5.50%
Revenues deemed uncollectible expected at 60-85 basis points of total expected revenues in 2026

Result Drivers
LEASING MOMENTUM - Record small shop occupancy and record signed but not yet commenced rent pipeline supported results, per CEO Brian T. Finnegan
BASE RENT GROWTH - Same property NOI rose 5.8% yr/yr, driven mainly by base rent increases
REINVESTMENT AND ACQUISITIONS - Recent reinvestment projects and shopping center acquisitions contributed to portfolio growth

Company press release: ID:nPnbMLsrTa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$354.20 mln
$353.22 mln (9 Analysts)
Q2 EPS
 
$0.24
 
Q2 Net Income
 
$73.50 mln
 
Q2 Nareit FFO
 
$178.56 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $34.00, about 4.8% above its July 24 closing price of $32.44
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 28 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)