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%.
Key figures
- Eps
- 0.41
- Guidance
- 2026 Nareit FFO per share $2.34 - $2.37 (raised from $2.33 - $2.37); 2026 same property NOI growth 4.75% - 5.50% (raised from 4.50% - 5.50%)
- Nareit ffo
- 179600000
- Net income yoy
- $127.8 million vs $69.7 million
- Nareit ffo per share
- 0.58
- Same property noi growth
- 6.4%
AI analysis
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