Brixmor Property Group Inc. (NYSE:BRX)

Brixmor Property Group Inc. BRX

Real Estate - REIT - Retail - NYSE - US

Watchlist

$ 28.83

0.523 %

$ 8.71 B

Market Cap

26.94

P/E

1. INTRINSIC VALUE

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 395 retail centers comprise approximately 69 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to approximately 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets, Wal-Mart, Ross Stores and L.A. Fitness.[ Read More ]

The intrinsic value of one BRX stock under the base case scenario is HIDDEN Compared to the current market price of 28.8 USD, Brixmor Property Group Inc. is HIDDEN

BRX Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart BRX

FINANCIALS

Annual
Quarterly

1.25 B REVENUE

Growth Rates

1Year 2.21%

3Years 5.73%

5Years 0.17%

7Years -0.35%

10Years 0.58%

808 M OPERATING INCOME

Growth Rates

1Year 83.33%

3Years 34.27%

5Years 11.69%

7Years 18.08%

10Years 10.48%

305 M NET INCOME

Growth Rates

1Year -13.86%

3Years 36.04%

5Years -3.59%

7Years 1.33%

10Years 16.40%

589 M OPERATING CASH FLOW

Growth Rates

1Year 3.96%

3Years 9.94%

5Years 1.68%

7Years 0.54%

10Years 5.90%

-163 M INVESTING CASH FLOW

Growth Rates

1Year 64.74%

3Years 0.84%

5Years -4.46%

7Years -1.05%

10Years -6.56%

-428 M FINANCING CASH FLOW

Growth Rates

1Year -12.53%

3Years -90.26%

5Years 19.56%

7Years 0.19%

10Years -6.19%

321 M REVENUE

Growth Rates

1Year 2.21%

3Years 5.73%

5Years 0.17%

7Years -0.35%

10Years 0.58%

116 M OPERATING INCOME

Growth Rates

1Year 83.33%

3Years 34.27%

5Years 11.69%

7Years 18.08%

10Years 10.48%

96.8 M NET INCOME

Growth Rates

1Year -13.86%

3Years 36.04%

5Years -3.59%

7Years 1.33%

10Years 16.40%

157 M OPERATING CASH FLOW

Growth Rates

1Year 3.96%

3Years 9.94%

5Years 1.68%

7Years 0.54%

10Years 5.90%

-79.1 M INVESTING CASH FLOW

Growth Rates

1Year 64.74%

3Years 0.84%

5Years -4.46%

7Years -1.05%

10Years -6.56%

-101 M FINANCING CASH FLOW

Growth Rates

1Year -12.53%

3Years -90.26%

5Years 19.56%

7Years 0.19%

10Years -6.19%

Balance Sheet Decomposition Brixmor Property Group Inc.

8.33 B ASSETS
5.48 B LIABILITIES

Current Assets	300 M
Cash & Short-Term Investments	866 K
Receivables	279 M
Other Current Assets	19.9 M
Non-Current Assets	8.04 B
Long-Term Investments	24.3 M
PP&E	7.77 B
Other Non-Current Assets	241 M

Current Liabilities	737 M
Accounts Payable	338 M
Short-Term Debt	306 M
Other Current Liabilities	92.6 M
Non-Current Liabilities	4.75 B
Long-Term Debt	4.63 B
Other Non-Current Liabilities	113 M

EFFICIENCY

Earnings Waterfall Brixmor Property Group Inc.

Revenue	1.25 B
Cost Of Revenue	682 M
Gross Profit	563 M
Operating Expenses	479 M
Operating Income	808 M
Other Expenses	503 M
Net Income	305 M

RATIOS

45.20% GROSS MARGIN

Averages

1Year 45.20%

3Years 64.59%

5Years 68.36%

7Years 70.26%

10Years 71.82%

64.89% OPERATING MARGIN

Averages

1Year 64.89%

3Years 45.89%

5Years 41.32%

7Years 37.89%

10Years 31.02%

24.50% NET MARGIN

Averages

1Year 24.50%

3Years 14.78%

5Years 8.96%

7Years 13.99%

10Years 14.20%

10.70% ROE

Averages

1Year 10.70%

3Years 6.38%

5Years 3.91%

7Years 6.11%

10Years 6.20%

3.66% ROA

Averages

1Year 3.66%

3Years 2.16%

5Years 1.33%

7Years 2.06%

10Years 2.03%

10.38% ROIC

Averages

1Year 10.38%

3Years 4.81%

5Years 2.73%

7Years 2.65%

10Years 1.53%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis Brixmor Property Group Inc.

Net Income	305 M
Depreciation & Amortization	362 M
Capital Expenditures	0
Stock-Based Compensation	20.8 M
Change in Working Capital	-42.4 M
Others	-115 M
Free Cash Flow	589 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets Brixmor Property Group Inc.

Wall Street analysts predict an average 1-year price target for BRX of $29.4 , with forecasts ranging from a low of $27 to a high of $32 .

BRX Lowest Price Target Wall Street Target

27 USD -6.35%

BRX Average Price Target Wall Street Target

29.4 USD 1.89%

BRX Highest Price Target Wall Street Target

32 USD 11.00%

4. DIVIDEND ANALYSIS

0.98% DIVIDEND YIELD

0.287 USD DIVIDEND PER SHARE

5. COMPETITION

SITE Centers is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers.

13.4 USD

SITC

Overvalued 14.23%

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy.

1.03 USD

AKR

Overvalued 95.80%

NETSTREIT is an internally managed Real Estate Investment Trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide.

20.5 USD

NTST

Undervalued 32.49%

Urban Edge Properties is a NYSE listed real estate investment trust focused on managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the New York metropolitan region.

-0.701 USD

Overvalued 103.05%

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences.

32.5 USD

KRG

Undervalued 21.81%

Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast.

24.2 USD

ROIC

Undervalued 39.71%

InvenTrust Properties Corp. is a premier multi-tenant retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood centers, and select power centers that often have a grocery component, predominantly in Sun Belt markets with favorable demographics.

0.00217 USD

IVT

Overvalued 99.99%

Alexander & Baldwin, Inc. ("A&B") is Hawai'i's premier commercial real estate company and the largest owner of grocery-anchored, neighborhood shopping centers in the state.

-4.48 USD

ALEX

Overvalued 123.22%

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.

52.1 USD

FCPT

Undervalued 84.55%

Saul Centers, Inc. is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.8 million square feet of leasable area and (b) three land and development properties.

101 USD

BFS

Undervalued 156.90%

6. Ownership

Insider Ownership Brixmor Property Group Inc.

Summary
Transactions

Sold

0-3 MONTHS

0 USD 0

3-6 MONTHS

1.11 M USD 3

6-9 MONTHS

584 K USD 2

9-12 MONTHS

587 K USD 2

Bought

0 USD 0

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

Date	Value	Insider	Amount	Avg Price
3 months ago Aug 14, 2024	Sell 127 K USD	Crosland Sheryl Maxwell Director	- 5000	25.4499 USD
3 months ago Aug 12, 2024	Sell 252 K USD	Berman Michael B Director	- 10000	25.17 USD
3 months ago Jul 30, 2024	Sell 251 K USD	SIEGEL STEVEN F See remarks	- 10000	25.1 USD
4 months ago Jul 17, 2024	Sell 245 K USD	SIEGEL STEVEN F See remarks	- 10000	24.5 USD
4 months ago Jul 16, 2024	Sell 240 K USD	SIEGEL STEVEN F See remarks	- 10000	24 USD
8 months ago Mar 08, 2024	Sell 172 K USD	Finnegan Brian T See remarks	- 7500	23 USD
8 months ago Mar 06, 2024	Sell 239 K USD	Berman Michael B Director	- 10475	22.82 USD
9 months ago Feb 15, 2024	Sell 172 K USD	Finnegan Brian T See Remarks	- 7500	23 USD
10 months ago Jan 02, 2024	Sell 174 K USD	Finnegan Brian T See Remarks	- 7500	23.26 USD
11 months ago Dec 13, 2023	Sell 172 K USD	Finnegan Brian T See Remarks	- 7500	23 USD
11 months ago Dec 14, 2023	Sell 240 K USD	Aman Angela M President, CFO and Treasurer	- 10000	24 USD
1 year ago Feb 15, 2023	Sell 288 K USD	Aman Angela M EVP, Chief Financial Officer	- 12500	23.04 USD
1 year ago Dec 02, 2022	Sell 344 K USD	Berman Michael B Director	- 15000	22.96 USD
2 years ago May 02, 2022	Sell 126 K USD	Finnegan Brian T See Remarks	- 5000	25.14 USD
2 years ago Apr 19, 2022	Sell 530 K USD	Taylor James M Jr President and CEO	- 20000	26.5 USD
2 years ago Apr 19, 2022	Sell 530 K USD	SIEGEL STEVEN F See Remarks	- 20000	26.5 USD
2 years ago Apr 19, 2022	Sell 540 K USD	SIEGEL STEVEN F See Remarks	- 20000	27 USD
2 years ago Apr 01, 2022	Sell 129 K USD	Finnegan Brian T See Remarks	- 5000	25.84 USD
2 years ago Mar 29, 2022	Sell 520 K USD	SIEGEL STEVEN F See Remarks	- 20000	26 USD
2 years ago Feb 10, 2022	Sell 637 K USD	Taylor James M Jr President and CEO	- 25000	25.47 USD
2 years ago Feb 10, 2022	Sell 133 K USD	SIEGEL STEVEN F See Remarks	- 5125	25.96 USD
2 years ago Jan 13, 2022	Sell 135 K USD	Singh Carolyn Carter See Remarks	- 5000	27 USD
2 years ago Jan 05, 2022	Sell 130 K USD	Singh Carolyn Carter See Remarks	- 5000	26.02 USD
2 years ago Jan 05, 2022	Sell 260 K USD	Aman Angela M EVP, Chief Financial Officer	- 10000	26 USD
2 years ago Nov 22, 2021	Sell 125 K USD	Finnegan Brian T See Remarks	- 5000	24.91 USD
3 years ago Nov 03, 2021	Sell 125 K USD	Singh Carolyn Carter See Remarks	- 5000	25 USD
3 years ago Oct 20, 2021	Sell 119 K USD	Finnegan Brian T See Remarks	- 5000	23.71 USD
3 years ago Sep 20, 2021	Sell 113 K USD	Finnegan Brian T See Remarks	- 5000	22.58 USD
3 years ago Sep 15, 2021	Sell 176 K USD	SIEGEL STEVEN F See Remarks	- 7500	23.4 USD
3 years ago Aug 20, 2021	Sell 113 K USD	Finnegan Brian T See Remarks	- 5000	22.57 USD
3 years ago Aug 16, 2021	Sell 175 K USD	SIEGEL STEVEN F See Remarks	- 7500	23.28 USD
3 years ago Jul 15, 2021	Sell 170 K USD	SIEGEL STEVEN F See Remarks	- 7500	22.66 USD
3 years ago Jun 15, 2021	Sell 178 K USD	SIEGEL STEVEN F See Remarks	- 7500	23.68 USD
3 years ago Jun 08, 2021	Sell 240 K USD	Aman Angela M EVP, Chief Financial Officer	- 10000	24 USD
3 years ago Jun 08, 2021	Sell 120 K USD	Singh Carolyn Carter See Remarks	- 5000	24 USD
3 years ago May 17, 2021	Sell 167 K USD	SIEGEL STEVEN F See Remarks	- 7500	22.32 USD
3 years ago Apr 26, 2021	Sell 110 K USD	Singh Carolyn Carter See Remarks	- 5000	22 USD
3 years ago Apr 26, 2021	Sell 165 K USD	Aman Angela M EVP, Chief Financial Officer	- 7500	22 USD
3 years ago Apr 26, 2021	Sell 110 K USD	Singh Carolyn Carter See Remarks	- 5000	22 USD
3 years ago Apr 15, 2021	Sell 155 K USD	SIEGEL STEVEN F See Remarks	- 7500	20.72 USD
3 years ago Apr 09, 2021	Sell 206 K USD	Singh Carolyn Carter See Remarks	- 10000	20.64 USD
3 years ago Feb 24, 2021	Sell 153 K USD	SIEGEL STEVEN F See Remarks	- 7500	20.46 USD
3 years ago Feb 22, 2021	Sell 150 K USD	Aman Angela M EVP, Chief Financial Officer	- 7500	20 USD
3 years ago Jan 28, 2021	Sell 63 K USD	Aman Angela M EVP, Chief Financial Officer	- 3500	18 USD
4 years ago Mar 17, 2020	Bought 123 K USD	Taylor James M Jr President and CEO	+ 10000	12.26 USD
4 years ago Mar 16, 2020	Bought 31.3 K USD	Crosland Sheryl Maxwell Director	+ 2500	12.53 USD
4 years ago Mar 12, 2020	Bought 134 K USD	Taylor James M Jr President and CEO	+ 10000	13.43 USD

7. News

It Is SNOing In November For REITs Real estate activity is rebounding as macroeconomic uncertainties clear, with significant leasing volume in data centers and retail sectors, leading to future revenue visibility. SNO leases in data centers and retail REITs provide excellent visibility into future annual base rent, impacting future FFO growth as leases commence in 2025-2026. Retail REITs like CTO and Brixmor benefit from high-margin SNO leases filling vacant spaces, translating to substantial AFFO growth, unlike lower-margin data center leases. seekingalpha.com - 1 week ago

Brixmor Property Group: Weighing The Impact Of Non-Essential Retail And Tenant Quality Brixmor Property Group has delivered over 37% total returns since November 2023, with a current forward yield of 4.16% and a low P/FFO multiple of 12.92x. Looking at BRX stock, I can see a compelling entry point in terms of the valuations relative to other peers such as REG, KIM and FRT. However, diving deeper a bit more, I will also identify some reasons why the discount could be justified. seekingalpha.com - 1 week ago

Pivotal Decisions Ahead of a pivotal week of consequential decisions, U.S. equity markets posted a second-straight week of declines as investors parsed a relatively disappointing slate of employment and inflation data. The pivotal Nonfarm Payrolls report showed that the U.S. economy added just 12k jobs in October - the weakest month since 2020 - with notably weaker trends under the surface. Private employment declined by 28k during the month, fueled by the largest plunge in manufacturing employment since the pandemic shutdown, alongside job declines in retail, transportation, and hospitality. seekingalpha.com - 1 week ago

Brixmor Property Group Inc. (BRX) Q3 2024 Earnings Call Transcript Brixmor Property Group Inc. (NYSE:BRX ) Q3 2024 Earnings Conference Call October 29, 2024 10:00 AM ET Company Participants Samantha Strong - VP, IR Jim Taylor - CEO Brian Finnegan - President and COO Steve Gallagher - EVP and CFO Mark Horgan - EVP and CIO Conference Call Participants Juan Sanabria - BMO Capital Markets Viktor Fediv - Scotiabank Todd Thomas - KeyBanc Capital Markets Jeff Spector - Bank of America Floris van Dijkum - Compass Point Ki Bin Kim - Truist Securities Craig Mailman - Citi Alexander Goldfarb - Piper Sandler Samir Khanal - Evercore ISI Dori Kesten - Wells Fargo Haendel St. Juste - Mizuho Securities Caitlin Burrows - Goldman Sachs Mike Mueller - JPMorgan Paulina Rojas - Green Street Conor Peaks - Deutsche Bank Operator Ladies and gentlemen good morning, and welcome to the Brixmor Property Group Inc. Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. seekingalpha.com - 2 weeks ago

Here's What Key Metrics Tell Us About Brixmor (BRX) Q3 Earnings While the top- and bottom-line numbers for Brixmor (BRX) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. zacks.com - 2 weeks ago

Brixmor Property (BRX) Lags Q3 FFO and Revenue Estimates Brixmor Property (BRX) came out with quarterly funds from operations (FFO) of $0.52 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to FFO of $0.50 per share a year ago. zacks.com - 2 weeks ago

BRIXMOR PROPERTY GROUP REPORTS THIRD QUARTER 2024 RESULTS - Delivered Record Occupancy and ABR PSF - NEW YORK , Oct. 28, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today its operating results for the three and nine months ended September 30, 2024. For the three months ended September 30, 2024 and 2023, net income was $0.32 per diluted share and $0.21 per diluted share, respectively, and for the nine months ended September 30, 2024 and 2023, net income was $0.84 per diluted share and $0.77 per diluted share, respectively. prnewswire.com - 2 weeks ago

Are You Looking for a High-Growth Dividend Stock? Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Brixmor Property (BRX) have what it takes? zacks.com - 2 weeks ago

Why Brixmor Property (BRX) is a Great Dividend Stock Right Now Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Brixmor Property (BRX) have what it takes? zacks.com - 1 month ago

Hurricane Helene: REIT Property Damage Report Hurricane Helene caused significant flooding in Ashville, NC, and Atlanta, GA, impacting numerous REIT-owned properties, but the financial impact on REITs is likely less severe than it appears. REITs typically experience knee-jerk selloffs after property damage announcements, but these are often over-reactions and tend to reverse over time. Most REIT-owned properties are durable and well-insured, mitigating long-term financial impacts, though insurance rates may rise, affecting future expenses. seekingalpha.com - 1 month ago

Brixmor Property (BRX) Could Be a Great Choice Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Brixmor Property (BRX) have what it takes? zacks.com - 1 month ago

The Zacks Analyst Blog Essex, Brixmor , Lamar Advertising and Cousins Essex, Brixmor , Lamar Advertising and Cousins are included in this Analyst Blog. zacks.com - 1 month ago

8. Profile Summary

Brixmor Property Group Inc. BRX

COUNTRY US

INDUSTRY REIT - Retail

MARKET CAP $ 8.71 B

Dividend Yield 0.98%

Description Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 395 retail centers comprise approximately 69 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to approximately 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets, Wal-Mart, Ross Stores and L.A. Fitness.

Contact 450 Lexington Avenue, New York, NY, 10017 https://www.brixmor.com

IPO Date Oct. 30, 2013

Employees 510

Officers Mr. Steven T. Gallagher Executive Vice President, Chief Financial Officer & Treasurer Mr. Mark T. Horgan Executive Vice President & Chief Investment Officer Ms. Helane G. Stein Executive Vice President & Chief Information Officer Ms. Shea Taylor Executive Vice President & Chief Talent Officer Mr. David Gerstenhaber Senior Vice President of National Accounts Mr. Haig B. Buchakjian Executive Vice President of Operations & Chief Transformation Officer Ms. Stacy Slater Senior Vice President of Investor Relations & Capital Markets Mr. Kevin Brydzinski Senior Vice President & Chief Accounting Officer Mr. James M. Taylor Jr. Chief Executive Officer & Director Mr. Brian T. Finnegan President & Chief Operating Officer

Price Chart BRX

Brixmor Property Group Inc. BRX

Premium Plan

Unlimited Plan