Brixmor reports Q1 FFO 56c, consensus 55c

Reports Q1 revenue $337.5M, consensus $329.75M. “Our value-add business plan continued to deliver on all fronts, with record in-place ABR per square foot, robust new and renewal lease rent spreads, accretive reinvestment deliveries, and strong bottom line growth,” commented CEO James Taylor. “Importantly, our strong forward leasing and reinvestment pipelines, coupled with our attractive rent basis, position us to continue to outperform, even through additional market disruption.”