Brixmor Property (BRX)
NYSE:BRX
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Earnings Data
Report Date
Jul 27, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.25Last Year’s EPS
0.28Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Q1 2026
Earnings Call Date:Apr 27, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call conveyed a broadly positive operating and financial picture: strong same-property NOI growth (+6.4% YoY), solid FFO performance ($0.58 in Q1) and upgraded full-year guidance, robust leasing spreads (27% blended, 42% new), improving occupancy and traffic trends, and a healthy, accretive reinvestment pipeline with attractive incremental returns (9% stabilized projects, 10% pipeline avg., 16% outparcels). Near-term risks include modest Q2 occupancy headwinds from box recaptures, a timing gap between signed and commenced leases (370 bps SNOC spread) and a highly competitive acquisition market with cap rate compression. On balance, highlights materially outweigh the lowlights.Company Guidance
Same Property NOI Growth
Same property NOI increased 6.4% year-over-year in Q1, driven by base rent stacking (+410 basis points) and other income contributions (+120 basis points). Company raised full-year same property NOI guidance to 4.75%–5.5%.
Strong FFO Delivery and Upgraded Guidance
NAREIT FFO was $0.58 per share for the quarter. Management raised 2026 FFO guidance to $2.34–$2.37 per share, reflecting improved visibility into earnings.
Robust Leasing Activity and Mark-to-Market Upside
Executed 1.3 million square feet of new and renewal leases at a blended cash spread of 27% (new lease spreads 42%, record renewal growth 21%). Signed-but-not-commenced (SNOC) pipeline increased to $67 million (up 10% YoY) at a record $24 per sq. ft., 25% above in-place ABR per sq. ft.
Occupancy and Traffic Trends
Total leased occupancy ended the quarter at 95.1% (flat sequentially, +100 basis points YoY). Small shop occupancy was 92.1% (+130 basis points YoY). Consumer visits exceeded 220 million in Q1, up over 3.5% year-over-year.
Accretive Reinvestment and Development Returns
Stabilized $78 million of reinvestment projects at a 9% average incremental return. Record six outparcel developments delivered a 16% incremental return. Active reinvestment pipeline has a stated average incremental return of 10% with an additional $700 million in future pipeline.
Notable Project Execution and Tenant Adds
Opened first large-format Target at Wynnewood Village and completed phase one of Block 59 (Chicago). Commenced phase three of Roosevelt Mall with new tenants including Ulta, Shake Shack, and Victoria's Secret. Added first-to-portfolio locations with Pottery Barn, Williams-Sonoma, L.L.Bean, Rowan, and Teso Life.
Strong Liquidity and Proactive Balance Sheet Actions
Ended period with $1.8 billion of available liquidity (including $425 million cash, $115 million unsettled forward ATM proceeds, and $1.25 billion revolver capacity). Entered a $100 million interest rate hedge at 3.99% ahead of a June bond maturity and raised $115–116 million via the forward ATM.
Capital Recycling and Dispositions
Sold $108 million of assets where value had been maximized, supporting capital recycling and maintaining discipline on acquisitions while holding over $160 million of assets under control in target markets.
BRX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BRX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 27, 2026 | $30.50 | $30.40 | -0.33% |
Feb 09, 2026 | $27.84 | $28.52 | +2.45% |
Oct 27, 2025 | $27.52 | $26.39 | -4.12% |
Jul 28, 2025 | $24.71 | $25.49 | +3.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Brixmor Property (BRX) report earnings?
Brixmor Property (BRX) is schdueled to report earning on Jul 27, 2026, After Close (Confirmed).
What is Brixmor Property (BRX) earnings time?
Brixmor Property (BRX) earnings time is at Jul 27, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BRX EPS forecast?
BRX EPS forecast for the fiscal quarter 2026 (Q2) is 0.25.