In a report released today, Ki Bin Kim from Truist Financial maintained a Buy rating on Brixmor Property (BRX – Research Report), with a price target of $30.00.
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Ki Bin Kim has given his Buy rating due to a combination of factors that highlight the potential for Brixmor Property Group’s stock. The company reported a first-quarter FFO per share that exceeded consensus expectations, demonstrating strong financial performance. Additionally, Brixmor maintained its 2025 FFO guidance, aligning with both the analyst’s and the consensus estimates, which suggests stability and predictability in its financial outlook.
Moreover, the company’s Signed but Not Open (SNO) pipeline indicates significant upside potential, with a notable increase in economic occupancy and a substantial contribution to base rents. Despite a slight decline in leased occupancy, which was anticipated due to known vacates, the overall financial metrics and future revenue prospects support a positive outlook. These factors collectively underpin Ki Bin Kim’s confidence in recommending a Buy rating for Brixmor Property Group.
According to TipRanks, Bin Kim is a 5-star analyst with an average return of 8.3% and a 59.38% success rate. Bin Kim covers the Real Estate sector, focusing on stocks such as Public Storage, Eastgroup Properties, and Federal Realty.
In another report released today, BMO Capital also maintained a Buy rating on the stock with a $32.00 price target.