Jun 2026 (Q2 FY26) — Jul 28, 2026
Brixmor Property Group Q2 FY26 — Strong NOI Growth and Record Leasing Pipeline
Read the full callBrixmor Property Group (BRX) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Brixmor Property Group earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 354 | +4.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 73.5 | −13.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
10 of 12 judged targets kept · 10 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| NAREIT FFO per share | $2.33 to $2.37 | Dec 2025 | Our increased expectation for same property NOI growth of 5% to 5.75% and FFO guidance of $2.35 to $2.37 per share reflects the continued strength of operations. | Revised Up |
| Base rent contribution to same-property NOI growth | more than 450 basis points | Dec 2025 | Same-property NOI increased 5.8%, driven by a 440 basis point contribution from base rent. | On Track |
2 of Brixmor Property Group Inc.'s 22 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 20 more targets are in the full ledger.
Claimed
- Delivered 5.8% same-property NOI growth.
- Achieved $0.58 per share of FFO.
- Record small shop occupancy and a record signed but not yet commenced pipeline of $71 million annualized base rent.
- Executed 1.4 million square feet of new and renewal leases at a blended cash spread of 19%, with new lease spreads of 31% and renewal spreads of 16%.
- Increased 2026 expectations for same property NOI growth (5% to 5.75%) and FFO ($2.35 to $2.37 per share).
Qualified
- Total leased occupancy ended the quarter at 94.8%, down 30 basis points sequentially due to proactive move-outs at redevelopment assets and recaptures from Painted Tree and Rent Kitchens.
- FFO was partially offset by lower noncash rental income resulting from straight-line reversals on the Rem and Painted Tree bankruptcies, a $3 million charge.
- Implied deceleration in same-property NOI growth in the second half of the year due to strong Q4 FY25 ancillary income comps.
Price
$27.38 −1.01% · −$0.28
Performance +0.6% 1Y
1Y: $27.22 on 17 Oct 2025 → $27.38. High $32.69 (21 Jul 2026), low $24.67 (8 Dec 2025).
- Previous close
- $27.66
- 52-week range
- $24.67 – $32.69
- One year
- +0.29%
Overview
- Symbol
- BRX
- Sector
- Real Estate
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
10 of 12 judged targets kept · 10 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| NAREIT FFO per share | $2.33 to $2.37 | Dec 2025 | Our increased expectation for same property NOI growth of 5% to 5.75% and FFO guidance of $2.35 to $2.37 per share reflects the continued strength of operations. | Revised Up |
| Base rent contribution to same-property NOI growth | more than 450 basis points | Dec 2025 | Same-property NOI increased 5.8%, driven by a 440 basis point contribution from base rent. | On Track |
Claimed
- Delivered 5.8% same-property NOI growth.
- Achieved $0.58 per share of FFO.
- Record small shop occupancy and a record signed but not yet commenced pipeline of $71 million annualized base rent.
- Executed 1.4 million square feet of new and renewal leases at a blended cash spread of 19%, with new lease spreads of 31% and renewal spreads of 16%.
- Increased 2026 expectations for same property NOI growth (5% to 5.75%) and FFO ($2.35 to $2.37 per share).
Qualified
- Total leased occupancy ended the quarter at 94.8%, down 30 basis points sequentially due to proactive move-outs at redevelopment assets and recaptures from Painted Tree and Rent Kitchens.
- FFO was partially offset by lower noncash rental income resulting from straight-line reversals on the Rem and Painted Tree bankruptcies, a $3 million charge.
- Implied deceleration in same-property NOI growth in the second half of the year due to strong Q4 FY25 ancillary income comps.
The full ledger
Open Brixmor Property Group Inc.’s full ledger
A free account opens 5 company ledgers a month. All 22 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 28, 2026
Brixmor Q1 FY26 — Strong Leasing Momentum and Improved Outlook
Read the full callEvery analysed call
Brixmor Property Group earnings calls (BRX)
Financials
What the filings say
Net profit, year on year: −14% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 321 | 328 | 338 | 339 | 341 | 354 | 355 | 354 |
| Other income | -14 | -28 | -50 | -39 | -16 | 8 | -6 | -48 |
| Interest | 55 | 55 | 54 | 54 | 57 | 60 | 59 | 61 |
| Net profit | 97 | 83 | 70 | 85 | 94 | 137 | 128 | 74 |
| EPS ($ per share) | 0.32 | — | 0.23 | 0.28 | 0.31 | — | 0.42 | 0.24 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Total liabilities | 5,406 | 5,399 | 5,661 | 5,659 | 5,571 | 5,482 | 5,925 | 6,123 |
| Total assets | 8,242 | 8,142 | 8,342 | 8,377 | 8,436 | 8,333 | 8,909 | 9,133 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 542 | 529 | 443 | 552 | 566 | 589 | 625 | 652 |
| Cash from investing | 670 | -172 | -167 | -331 | -462 | -163 | -437 | -452 |
| Cash from financing | -1,271 | -386 | 73 | -294 | -380 | -428 | 172 | -217 |
| Capital expenditure | -17 | -80 | -3 | -259 | -410 | -2 | -294 | -421 |
| Free cash flow | 524 | 449 | 440 | 293 | 157 | 587 | 331 | 231 |
Insider filings
112 filings between Jan 1, 2026 and Aug 12, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$499.5K
2 sales by 2 insiders
Compensation
not trading decisions- 16
- Award — granted as compensation
- 43
- Option exercise — converted options into shares
- 51
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Berman Michael B | — | $267.3K | Aug 12, 2026 |
| Bowerman Julie | — | $232.2K | Feb 12, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 12, 2026 | Berman Michael B Director | Sale | 9,000 | $267.3K |
| Apr 22, 2026 | HURWITZ DANIEL B Director | Award | 3,976 | $0 |
| Apr 22, 2026 | Crosland Sheryl Maxwell Director | Award | 5,798 | $0 |
| Apr 22, 2026 | DICKSON THOMAS W Director | Award | 3,976 | $0 |
| Apr 22, 2026 | Berman Michael B Director | Award | 3,976 | $0 |
| Apr 22, 2026 | Lawrence Sandra AJ Director | Award | 3,976 | $0 |
| Apr 22, 2026 | Bowerman Julie Director | Award | 3,976 | $0 |
| Apr 22, 2026 | Suarez John Peter Director | Award | 3,976 | $0 |
| Apr 22, 2026 | Rahm William D. Director | Award | 3,976 | $0 |
| Feb 12, 2026 | Bowerman Julie Director | Sale | 8,000 | $232.2K |
| Feb 4, 2026 | SIEGEL STEVEN F See remarks | Tax withheld | 971 | $26.9K |
| Feb 4, 2026 | Finnegan Brian T See remarks | Tax withheld | 1,403 | $38.9K |
| Feb 4, 2026 | SIEGEL STEVEN F See remarks | Award | 20,252 | — |
| Feb 4, 2026 | Gallagher Steven T See Remarks | Award | 5,624 | — |
| Feb 4, 2026 | SIEGEL STEVEN F See remarks | Award | 1,902 | — |
| Feb 4, 2026 | SIEGEL STEVEN F See remarks | Tax withheld | 10,339 | $286.7K |
| Feb 4, 2026 | Finnegan Brian T See remarks | Award | 29,257 | — |
| Feb 4, 2026 | Horgan Mark EVP, Chief Investment Officer | Award | 2,747 | — |
| Feb 4, 2026 | Horgan Mark EVP, Chief Investment Officer | Tax withheld | 14,936 | $414.2K |
| Feb 4, 2026 | Horgan Mark EVP, Chief Investment Officer | Tax withheld | 1,403 | $38.9K |
| Feb 4, 2026 | Gallagher Steven T See Remarks | Tax withheld | 151 | $4.2K |
| Feb 4, 2026 | Horgan Mark EVP, Chief Investment Officer | Award | 29,257 | — |
| Feb 4, 2026 | Finnegan Brian T See remarks | Award | 2,747 | — |
| Feb 4, 2026 | Gallagher Steven T See Remarks | Award | 528 | — |
| Feb 4, 2026 | Finnegan Brian T See remarks | Tax withheld | 14,936 | $414.2K |
| Feb 4, 2026 | Gallagher Steven T See Remarks | Tax withheld | 1,602 | $44.4K |
| Jan 1, 2026 | Finnegan Brian T See remarks | Tax withheld | 2,530 | $66.3K |
| Jan 1, 2026 | Finnegan Brian T See remarks | Option exercise | 7,018 | — |
| Jan 1, 2026 | Brydzinski Kevin See Remarks | Tax withheld | 297 | $7.8K |
| Jan 1, 2026 | Finnegan Brian T See remarks | Option exercise | 7,020 | — |
| Jan 1, 2026 | Brydzinski Kevin See Remarks | Option exercise | 880 | — |
| Jan 1, 2026 | Brydzinski Kevin See Remarks | Tax withheld | 163 | $4.3K |
| Jan 1, 2026 | Finnegan Brian T See remarks | Tax withheld | 4,699 | $123.2K |
| Jan 1, 2026 | Brydzinski Kevin See Remarks | Tax withheld | 167 | $4.4K |
| Jan 1, 2026 | Brydzinski Kevin See Remarks | Option exercise | 496 | — |
| Jan 1, 2026 | Brydzinski Kevin See Remarks | Tax withheld | 169 | $4.4K |
| Jan 1, 2026 | Finnegan Brian T See remarks | Tax withheld | 4,977 | $130.5K |
| Jan 1, 2026 | Finnegan Brian T See remarks | Option exercise | 9,750 | — |
| Jan 1, 2026 | Finnegan Brian T See remarks | Tax withheld | 5,309 | $139.2K |
| Jan 1, 2026 | Finnegan Brian T See remarks | Option exercise | 10,398 | — |
| Jan 1, 2026 | Finnegan Brian T See remarks | Tax withheld | 3,740 | $98.1K |
| Jan 1, 2026 | Brydzinski Kevin See Remarks | Option exercise | 498 | — |
| Jan 1, 2026 | Finnegan Brian T See remarks | Option exercise | 7,326 | — |
| Jan 1, 2026 | Finnegan Brian T See remarks | Tax withheld | 1,865 | $48.9K |
| Jan 1, 2026 | Finnegan Brian T See remarks | Option exercise | 5,174 | — |
| Jan 1, 2026 | Brydzinski Kevin See Remarks | Option exercise | 481 | — |
| Jan 1, 2026 | Finnegan Brian T See remarks | Tax withheld | 4,397 | $115.3K |
| Jan 1, 2026 | Finnegan Brian T See remarks | Option exercise | 10,344 | — |
| Jan 1, 2026 | Finnegan Brian T See remarks | Tax withheld | 2,850 | $74.7K |
| Jan 1, 2026 | Finnegan Brian T See remarks | Option exercise | 13,033 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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