Retail REIT Brixmor Q3 revenue beats estimates on robust demand, increases dividend by 7%

Brixmor Property

27/10/2025 20:12

Overview

Brixmor Q3 revenue beats analyst expectations, per LSEG data

Net income for Q3 slightly declined compared to the previous year same qtr

Company increased quarterly dividend by 7% to $0.3075 per share

Outlook

Company updates 2025 Nareit FFO per share to $2.23 - $2.25

Brixmor affirms 2025 same property NOI growth of 3.90% - 4.30%

Revenues deemed uncollectible expected to be 75 - 110 bps of 2025 revenues

Result Drivers

STRONG LEASING ACTIVITY - Executed 1.5 mln sq ft of new and renewal leases with significant rent spreads, indicating robust demand

REINVESTMENT PROJECTS - Stabilized reinvestment projects at high incremental NOI yields, reflecting strategic investments

INCREASED SAME PROPERTY NOI - Reported increase in same property NOI of 4.0% driven by base rent contributions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$340.84 mln
$328.95 mln (11 Analysts)
Q3 Net Income
$94.24 mln
Q3 Nareit FFO
$172.28 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 $31.00, about 9.3% above its October 24 closing price of $28.13

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release: ID:nPn6Chx3qa

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