UBS initiated coverage of Brixmor (BRX) with a Buy rating and $29 price target The firm says its Buy rating reflects visibility into mid-single digit funds from operations growth at an attractive valuation. UBS is confident in Brixmor’s trajectory, saying its elevated signed not opened pipeline provides line of sight into future rent growth. Further, the company is leasing at rates above existing 2026 expirations by 16% and 2027 by 13%, the analyst tells investors in a research note.
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