Caitlin Burrows, an analyst from Goldman Sachs, maintained the Buy rating on Brixmor Property. The associated price target remains the same with $35.00.
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Caitlin Burrows has given his Buy rating due to a combination of factors related to Brixmor’s solid first-quarter performance and improved full-year outlook. The company delivered first-quarter NAREIT FFO per share in line with expectations, while modestly raising the lower end of its 2026 FFO guidance range, implying healthy mid-single-digit earnings growth year over year and reflecting management’s confidence in the earnings trajectory.
Burrows also highlights strengthening fundamentals, including robust same-store NOI growth supported by rising base rents and a growing signed-but-not-occupied pipeline that should translate into higher economic occupancy over time. While some near-term deceleration from the strong first quarter is possible, she sees room for upside relative to current guidance, particularly if business momentum continues to accelerate and the company executes effectively on lease commencements and occupancy gains, supporting the unchanged $35 price target.
In another report released today, BMO Capital also maintained a Buy rating on the stock with a $33.00 price target.
BRX’s price has also changed slightly for the past six months – from $28.150 to $30.500, which is a 8.35% increase.