NYSE : BRX
Brixmor Property Group Inc. — Financial statements
Real Estate · REIT - Retail · United States
Last price 29.14 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 8.94B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 1.42B | 1.37B | 1.28B | 1.24B | 1.22B | 1.15B |
| Other Revenue | 3.38M | 2.13M | 1.63M | 1.19M | 712.00K | 5.97M |
| Total Revenue | 1.42B | 1.37B | 1.29B | 1.25B | 1.22B | 1.15B |
| Property Expenses | 351.66M | 340.52M | 317.12M | 319.99M | 311.79M | 297.79M |
| Selling, General & Administrative | 111.98M | 112.67M | 116.36M | 117.13M | 117.22M | 105.45M |
| Depreciation & Amortization | 424.71M | 414.93M | 381.40M | 362.28M | 344.73M | 327.15M |
| Total Operating Expenses | 888.35M | 868.12M | 814.88M | 799.39M | 773.75M | 730.39M |
| Operating Income | 534.01M | 503.48M | 470.18M | 445.64M | 444.33M | 421.88M |
| Interest Expense | -238.98M | -224.69M | -215.99M | -190.73M | -192.43M | -194.78M |
| Interest & Investment Income | 12.13M | 7.74M | 20.78M | 666.00K | 314.00K | 299.00K |
| Other Non-Operating Income | -4.71M | -2.86M | -3.16M | -2.45M | -3.64M | -65.00K |
| EBT Excluding Unusual Items | 302.46M | 283.67M | 271.80M | 253.13M | 248.57M | 227.34M |
| Gain (Loss) on Sale of Assets | 135.28M | 123.34M | 78.06M | 65.44M | 111.56M | 73.09M |
| Asset Writedown | -11.04M | -20.46M | -11.14M | -17.84M | -5.72M | -1.90M |
| Other Unusual Items | -296.00K | 554.00K | 4.36M | -221.00K | -28.34M | |
| Pretax Income | 426.69M | 386.25M | 339.28M | 305.09M | 354.19M | 270.19M |
| Earnings From Continuing Operations | 426.69M | 386.25M | 339.28M | 305.09M | 354.19M | 270.19M |
| Minority Interest in Earnings | -551.00K | -27.00K | -2.00K | |||
| Net Income | 426.14M | 386.23M | 339.27M | 305.09M | 354.19M | 270.19M |
| Preferred Dividends & Other Adjustments | 996.00K | 675.00K | 555.00K | 828.00K | 1.00M | 748.00K |
| Net Income to Common | 425.14M | 385.55M | 338.72M | 304.26M | 353.19M | 269.44M |
| Basic Shares Outstanding | 307.27M | 307.18M | 303.13M | 300.98M | 299.94M | 297.41M |
| Diluted Shares Outstanding | 307.88M | 307.87M | 304.04M | 302.38M | 301.74M | 298.83M |
| EPS (Basic) | 1.38 | 1.26 | 1.12 | 1.01 | 1.18 | 0.91 |
| EPS (Diluted) | 1.38 | 1.25 | 1.11 | 1.01 | 1.17 | 0.90 |
| Dividend Per Share | 1.23 | 1.17 | 1.10 | 1.05 | 0.98 | 0.89 |
| Operating Margin | 37.54% | 36.71% | 36.59% | 35.79% | 36.48% | 36.61% |
| Profit Margin | 29.89% | 28.11% | 26.36% | 24.44% | 29.00% | 23.38% |
| EBITDA | 942.75M | 901.53M | 840.41M | 795.15M | 776.90M | 736.43M |
| EBITDA Margin | 66.28% | 65.73% | 65.40% | 63.87% | 63.78% | 63.91% |
| D&A For Ebitda | 408.74M | 398.05M | 370.23M | 349.51M | 332.57M | 314.55M |
| EBIT | 534.01M | 503.48M | 470.18M | 445.64M | 444.33M | 421.88M |
| EBIT Margin | 37.54% | 36.71% | 36.59% | 35.79% | 36.48% | 36.61% |
| Funds From Operations (FFO) | 721.17M | 693.30M | 647.86M | 615.57M | 588.91M | 522.35M |
| FFO Per Share | 2.34 | 2.25 | 2.13 | 2.04 | 1.95 | 1.75 |
| Adjusted Funds From Operations (AFFO) | 693.30M | 647.86M | 615.57M | 588.91M | 522.35M | |
| AFFO Per Share | 2.25 | 2.13 | 2.04 | 1.95 | 1.75 | |
| FFO Payout Ratio | 51.90% | 51.09% | 51.12% | 51.22% | 49.18% | 49.24% |
| Revenue as Reported | 1.42B | 1.37B | 1.29B | 1.25B | 1.22B | 1.15B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 8.16B | 8.12B | 7.94B | 7.77B | 7.86B | 7.58B |
| Cash & Equivalents | 164.43M | 334.42M | 377.62M | 866.00K | 16.49M | 296.63M |
| Accounts Receivable | 318.95M | 315.13M | 281.95M | 278.77M | 264.15M | 234.87M |
| Investment In Debt and Equity Securities | 23.77M | 21.28M | 22.27M | 24.28M | 31.31M | 20.22M |
| Other Intangible Assets | 129.56M | 122.14M | 93.41M | 59.49M | 77.51M | 63.32M |
| Restricted Cash | 19.05M | 27.11M | 1.08M | 18.04M | 4.77M | 1.11M |
| Other Current Assets | 4.55M | 4.19M | 10.44M | 16.13M | ||
| Deferred Long-Term Charges | 178.02M | 169.33M | 167.08M | 164.06M | 154.14M | 143.50M |
| Other Long-Term Assets | 28.10M | 18.35M | 17.07M | 17.44M | 17.29M | 20.51M |
| Total Assets | 9.02B | 9.13B | 8.91B | 8.33B | 8.44B | 8.38B |
| Current Portion of Long-Term Debt | 406.85M | 607.54M | 12.59M | |||
| Current Portion of Leases | 1.56M | 6.00M | ||||
| Long-Term Debt | 4.92B | 4.89B | 5.34B | 4.94B | 5.04B | 5.16B |
| Long-Term Leases | 53.48M | 41.35M | 41.47M | 36.10M | 39.92M | 33.71M |
| Accounts Payable | 334.73M | 333.62M | 331.18M | 337.61M | 317.10M | 292.93M |
| Other Current Liabilities | 96.30M | 98.00M | 91.80M | 85.70M | 81.60M | 74.40M |
| Other Long-Term Liabilities | 163.10M | 144.80M | 120.20M | 82.60M | 96.80M | 80.90M |
| Total Liabilities | 5.97B | 6.12B | 5.92B | 5.48B | 5.57B | 5.66B |
| Common Stock | 3.07M | 3.06M | 3.06M | 3.01M | 3.00M | 2.97M |
| Additional Paid-In Capital | 3.43B | 3.44B | 3.43B | 3.31B | 3.30B | 3.23B |
| Distributions in Excess of Earnings | -428.19M | -432.82M | -458.64M | -460.60M | -446.34M | -503.68M |
| Comprehensive Income & Other | 13.01M | 1.72M | 8.22M | -2.70M | 8.85M | -12.67M |
| Total Common Equity | 3.02B | 3.01B | 2.98B | 2.85B | 2.87B | 2.72B |
| Minority Interest | 31.06M | 242.00K | 244.00K | |||
| Shareholders' Equity | 3.05B | 3.01B | 2.98B | 2.85B | 2.87B | 2.72B |
| Total Liabilities & Equity | 9.02B | 9.13B | 8.91B | 8.33B | 8.44B | 8.38B |
| Total Debt | 5.38B | 5.55B | 5.38B | 4.98B | 5.08B | 5.21B |
| Net Cash (Debt) | -5.21B | -5.21B | -5.00B | -4.98B | -5.06B | -4.91B |
| Net Cash Per Share | -16.93 | -16.93 | -16.46 | -16.46 | -16.77 | -16.44 |
| Filing Date Shares Outstanding | 306.87M | 306.59M | 305.93M | 301.29M | 300.52M | 297.84M |
| Total Common Shares Outstanding | 306.87M | 306.10M | 305.49M | 300.60M | 299.92M | 297.21M |
| Book Value Per Share | 9.84 | 9.83 | 9.77 | 9.48 | 9.55 | 9.15 |
| Tangible Book Value | 2.89B | 2.89B | 2.89B | 2.79B | 2.79B | 2.66B |
| Tangible Book Value Per Share | 9.42 | 9.43 | 9.46 | 9.28 | 9.29 | 8.93 |
| Land | 1.87B | 1.85B | 1.83B | 1.79B | 1.82B | 1.77B |
| Buildings | 9.55B | 9.39B | 9.05B | 8.70B | 8.54B | 8.11B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 426.14M | 386.23M | 339.27M | 305.09M | 354.19M | 270.19M |
| Depreciation & Amortization | 408.74M | 398.05M | 370.23M | 349.51M | 332.57M | 314.55M |
| Other Amortization | 9.97M | 9.69M | 9.61M | 10.74M | 10.98M | 12.44M |
| Gain (Loss) on Sale of Assets | -135.28M | -123.34M | -78.06M | -65.44M | -111.56M | -73.09M |
| Asset Writedown | 11.04M | 20.46M | 11.14M | 17.84M | 5.72M | 1.90M |
| Stock-Based Compensation | 14.40M | 17.62M | 17.94M | 20.78M | 23.41M | 17.09M |
| Change in Accounts Receivable | -20.23M | -35.32M | -8.04M | -16.51M | -31.95M | 2.19M |
| Change in Accounts Payable | 11.72M | 17.85M | 27.00K | 15.44M | 24.66M | 12.32M |
| Change in Other Net Operating Assets | -36.17M | -36.84M | -34.03M | -41.34M | -39.00M | -30.82M |
| Other Operating Activities | -2.18M | -2.40M | -3.40M | -7.30M | -2.64M | 25.48M |
| Operating Cash Flow | 688.16M | 652.01M | 624.69M | 588.79M | 566.38M | 552.24M |
| Acquisition of Real Estate Assets | -608.27M | -740.65M | -647.12M | -347.43M | -740.04M | -567.38M |
| Sale of Real Estate Assets | 329.97M | 289.16M | 210.13M | 182.25M | 279.81M | 237.40M |
| Net Sale / Acq. of Real Estate Assets | -278.30M | -451.49M | -436.99M | -165.17M | -460.23M | -329.98M |
| Investment in Marketable & Equity Securities | -722.00K | -743.00K | -35.00K | 2.09M | -2.22M | -1.03M |
| Investing Cash Flow | -279.03M | -452.23M | -437.02M | -163.08M | -462.45M | -331.00M |
| Long-Term Debt Issued | 1.46B | 876.15M | 725.50M | 800.00M | 847.74M | |
| Long-Term Debt Repaid | -1.29B | -465.95M | -826.25M | -925.00M | -850.00M | |
| Net Debt Issued (Repaid) | -202.18M | 166.41M | 410.20M | -100.75M | -125.00M | -2.27M |
| Issuance of Common Stock | 114.65M | 53.10M | 5.15M | |||
| Repurchase of Common Stock | -16.50M | -12.27M | -14.06M | -11.24M | -10.49M | -5.51M |
| Common Dividends Paid | -374.29M | -354.22M | -331.20M | -315.29M | -289.63M | -257.23M |
| Other Financing Activities | -9.19M | -16.85M | -7.47M | -783.00K | -8.39M | -33.72M |
| Net Cash Flow | -193.03M | -17.16M | 359.79M | -2.35M | -276.48M | -72.34M |
| Levered Free Cash Flow | 648.19M | 548.68M | 565.91M | 547.50M | 528.52M | 519.09M |
| Unlevered Free Cash Flow | 789.63M | 681.66M | 693.77M | 659.84M | 641.78M | 633.33M |
| Cash Interest Paid | 227.28M | 219.84M | 189.27M | 186.96M | 187.29M | 191.05M |
| Cash Income Tax Paid | 2.40M | 2.40M | 2.28M | 2.32M | 1.95M | 1.65M |
| Change in Working Capital | -44.68M | -54.30M | -42.05M | -42.42M | -46.29M | -16.32M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.94B | 8.03B | 8.41B | 6.99B | 6.80B | 7.55B |
| Enterprise Value | 14.16B | 13.24B | 13.34B | 11.94B | 11.92B | 12.37B |
| Last Close Price | 29.14 | 25.10 | 25.53 | 20.39 | 18.93 | 20.31 |
| Price/FFO Ratio | 11.65 | 11.15 | 11.98 | 9.99 | 9.71 | 11.61 |
| Price/AFFO Ratio | 11.14 | 11.98 | 10.02 | 9.70 | 11.62 | |
| PE Ratio | 21.12 | 20.82 | 24.83 | 22.99 | 19.25 | 28.01 |
| PS Ratio | 6.29 | 5.85 | 6.54 | 5.62 | 5.58 | 6.55 |
| PB Ratio | 2.96 | 2.67 | 2.82 | 2.45 | 2.37 | 2.78 |
| P/OCF Ratio | 12.99 | 12.31 | 13.46 | 11.88 | 12.00 | 13.66 |
| EV/Sales Ratio | 9.95 | 9.65 | 10.38 | 9.59 | 9.78 | 10.73 |
| EV/EBITDA Ratio | 15.02 | 14.69 | 15.87 | 15.01 | 15.34 | 16.79 |
| EV/EBIT Ratio | 26.51 | 26.30 | 28.36 | 26.79 | 26.82 | 29.31 |
| Debt / Equity Ratio | 1.76 | 1.84 | 1.80 | 1.75 | 1.77 | 1.92 |
| Debt / EBITDA Ratio | 5.66 | 6.10 | 6.38 | 6.21 | 6.48 | 7.02 |
| Net Debt / Equity Ratio | 1.71 | 1.73 | 1.68 | 1.75 | 1.77 | 1.81 |
| Net Debt / EBITDA Ratio | 5.53 | 5.78 | 5.95 | 6.26 | 6.51 | 6.67 |
| Asset Turnover | 0.16 | 0.15 | 0.15 | 0.15 | 0.14 | 0.14 |
| Quick Ratio | 0.58 | 0.62 | 1.56 | 0.66 | 0.70 | 1.40 |
| Current Ratio | 0.60 | 0.65 | 1.57 | 0.70 | 0.74 | 1.44 |
| Return on Equity (ROE) | 14.19% | 12.89% | 11.63% | 10.68% | 12.69% | 10.01% |
| Return on Assets (ROA) | 3.69% | 3.49% | 3.41% | 3.32% | 3.30% | 3.15% |
| Earnings Yield | 4.74% | 4.81% | 4.03% | 4.36% | 5.21% | 3.58% |
| Dividend Yield | 4.53% | 4.46% | 4.01% | 4.52% | 4.32% | 3.48% |
| Payout Ratio | 95.65% | 91.71% | 97.62% | 103.34% | 81.77% | 95.20% |
| Buyback Yield / Dilution | -0.13% | -1.26% | -0.55% | -0.21% | -0.97% | -0.31% |
| Total Shareholder Return | 4.40% | 3.20% | 3.46% | 4.31% | 3.35% | 3.17% |