Brixmor Property Group Inc.

Slate Grocery REIT Enters into Definitive Agreement to be Acquired by Brixmor and Everview Partners in a US$2.3 Billion Transaction for US$13.00 per Unit in Cash

Brixmor Property Group and Everview Partners agreed to acquire Slate Grocery REIT for US$13.00 per unit in cash, a transaction with a total enterprise value of approximately US$2.3 billion. The price represents a roughly 13% premium to the May 21, 2026 close and a 20% premium to the September 23, 2026 close, and concludes a strategic review launched after an unsolicited proposal from external manager Slate Asset Management. For Brixmor, the deal is a JV acquisition of a grocery-anchored portfolio that fits its core open-air retail strategy; closing is expected in Q1 2027 with no financing condition, and Slate's US$50 million management termination payment is a closing condition.

•27d ago

BRIXMOR PROPERTY GROUP & EVERVIEW PARTNERS TO ACQUIRE SLATE GROCERY REIT FOR $2.34 BILLION

Brixmor Property Group and Everview Partners signed definitive agreements to acquire Slate Grocery REIT in a transaction valued at $2.34 billion. Brixmor will wholly acquire 23 grocery-anchored centers (~3 million sq ft, 96% leased) for $636 million in its existing footprint, and take a 20% equity stake plus a $174 million preferred investment (9% dividend) in a joint venture acquiring the remaining 92 centers for $1.71 billion. The deal is expected to be immediately accretive to Nareit FFO per share, with in-place rents averaging 32% below Brixmor's portfolio, roughly $100 million of redevelopment/outparcel opportunities, and recurring fee income from Brixmor managing the JV. Closing is expected in Q1 2027, subject to Slate unitholder approval; the transaction has no financing condition and is backed by an RBC bridge commitment.

•27d ago

EVgo and Brixmor Expand Partnership to Provide More Fast Charging Choices for American Shoppers

Brixmor Property Group is expanding its partnership with EVgo to add more than 500 fast charging stalls across at least 90 shopping centers in the U.S. The deployment will cover more than 25% of Brixmor's portfolio across six states, including Florida and Texas, aiming to increase foot traffic and customer spending for tenants. Installation is scheduled to begin later this year, with sites expected to feature up to 12 high-power chargers.

•2mo ago

BRIXMOR PROPERTY GROUP SECOND QUARTER RESULTS DEMONSTRATE CONTINUED OPERATIONAL STRENGTH, WITH RECORD SMALL SHOP OCCUPANCY AND RECORD SIGNED BUT NOT YET COMMENCED RENT; FURTHER INCREASES 2026 OUTLOOK

Brixmor Property Group reported Q2 results with record small shop occupancy of 92.6% and a record signed-but-not-yet-commenced rent pipeline of $71.2 million. Same property NOI grew 5.8% year-over-year, supported by rent spreads of 19.1% on comparable space and the commencement of $12.7 million in annualized base rent. The company raised its 2026 guidance, increasing Nareit FFO expectations to $2.35-$2.37 per share and same property NOI growth to 5.00%-5.75%.

•2mo ago

BRIXMOR PROPERTY GROUP REPORTS SECOND QUARTER INVESTMENT ACTIVITY, INCLUDING $164 MILLION OF ACQUISITIONS

Brixmor Property Group acquired four shopping centers for a total of $164.3 million during the second quarter, focusing on grocery-anchored assets in high-growth markets. Notable acquisitions include the $70 million Mayfair Shopping Center in New York and the $46.5 million Jones Crossing in Texas, both expected to drive long-term value through leasing and densification. During the six months ended June 30, 2026, the company also generated $123.0 million in gross proceeds from the disposition of six shopping centers.

•3mo ago

BRIXMOR PROPERTY GROUP ISSUES ANNUAL CORPORATE RESPONSIBILITY REPORT

Brixmor Property Group released its eighth annual Corporate Responsibility report, detailing performance across environmental, social, and governance pillars for 2025. The company surpassed its 2030 emissions reduction goal early, achieving a 56% reduction in Scope 1 and 2 GHG emissions compared to 2018 levels, alongside a 60% reduction in water usage and 57% reduction in electricity usage. Governance ratings remained top-tier, with a score of "1" from ISS and the top rating from Green Street, while employee satisfaction exceeded 95% and voluntary turnover stayed at 10% or below.

•4mo ago

BRIXMOR PROPERTY GROUP INCREASES 2026 OUTLOOK DRIVEN BY STRONG FIRST QUARTER OPERATING RESULTS AND ACCELERATING BUSINESS MOMENTUM

Brixmor Property Group reported strong first quarter operating results, with net income rising to $0.41 per diluted share from $0.23 in the prior year, while Nareit FFO increased to $0.58 per share. Driven by record renewal lease rent spreads of 21.3% and 6.4% same property NOI growth, the company raised its 2026 outlook for Nareit FFO per share to $2.34-$2.37 and same property NOI growth to 4.75%-5.50%. The company executed forward sale contracts for 3.9 million shares under its ATM program at $29.85 per share for anticipated proceeds of $116.0 million and declared a quarterly dividend of $0.3075 per share.

•5mo ago