BRIXMOR PROPERTY GROUP ANNOUNCES THIRD QUARTER RESULTS WITH STRONG LEASING DEMAND DRIVING OCCUPANCY TO RECORD HIGHS; INCREASES DIVIDEND OVER 7% AND RAISES OUTLOOK
Brixmor reported Q3 2026 Nareit FFO of $0.60 per diluted share, up from $0.56 a year ago, with same property NOI growth of 6.6% and total leased occupancy reaching a record 95.6%. Leasing momentum was strong with 1.6 million square feet of new and renewal leases at a 25.3% comparable rent spread, including 42.6% on new leases, and a signed-but-not-commenced pipeline of $68.9 million in annualized base rent. The board raised the quarterly dividend 7.3% to $0.3300 per share (~4.7% annualized yield) and management lifted 2026 FFO guidance to $2.36-$2.38 and same property NOI growth to 5.50%-5.75%.
Key figures
- Eps
- 0.28
- Revenue
- 359598000
- Guidance
- 2026 Nareit FFO raised to $2.36-$2.38 from $2.35-$2.37; same property NOI growth raised to 5.50%-5.75% from 5.00%-5.75%
- Revenue Yoy
- 5.5%
- Liquidity
- $1.5 billion
- Nareit ffo q3
- $184.6 million ($0.60/diluted share vs $0.56 prior year)
- Dividend increase
- 7.3% to $0.3300/quarter ($1.32 annualized, ~4.7% yield)
- New lease rent spreads
- 42.6%
- Total leased occupancy
- record 95.6%
- Anchor leased occupancy
- 97.0%
- Comparable rent spreads
- 25.3%
- Same property noi growth 9m
- 6.2%
- Same property noi growth q3
- 6.6%
- Small shop leased occupancy
- record 92.8%
- Net debt to adjusted ebitda ttm
- 5.3x
AI analysis
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