Brixmor Property (BRX) AI Stock Analysis

• Market Cap: $8.45B
• Dividend Yield: 4.05%
• Average Volume (3M): 2.16M
• Price to Earnings (P/E): 25.2
• Beta (1Y): 0.77
• Revenue Growth: 5.98%
• EPS Growth: 12.11%
• Country: US
• Employees: 453
• Sector: Real Estate
• Sector Strength: 48
• Industry: REIT - Retail
• EPS (TTM): 0.28
• Shares Outstanding: 306,099,550
• 10 Day Avg. Volume: 1,726,199
• 30 Day Avg. Volume: 2,156,032
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.56
• Enterprise Value/Revenue: 9.92
• Enterprise Value/Gross Profit: 12.27
• Enterprise Value/Ebitda: 13.92
• 1Y Price Target: $29.80
• Price Target Upside: 6.24% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 11

• Rating: 75 Outperform
• Price Target: $30.00 ▲(6.95% Upside)

Brixmor Property Group's overall stock score is driven by strong financial performance and positive earnings call insights, highlighting robust leasing activity and strategic growth initiatives. While technical indicators suggest a positive trend, valuation concerns due to a high P/E ratio slightly temper the outlook. The company's ability to manage debt and capitalize on resilient consumer demand positions it well for future growth.

Positive Factors

Earnings Guidance

Earnings guidance for the company has been increased, surpassing market expectations and indicating a stronger performance in the latter half of the year.

Financial Performance

BRX reported funds from operations that exceeded both their own estimates and those of market analysts, reflecting a better-than-anticipated financial performance.

Investment Opportunity

Brixmor Property Group's valuation is inexpensive, making it a compelling investment opportunity.

Negative Factors

Debt Concerns

Concerns about increased bad debt have previously impacted stock performance due to Brixmor's higher tenant exposure compared to peers.

Occupancy Rates

Leased occupancy declined by 120 basis points year over year.

Tenant Challenges

There is exposure to vacating tenants like Big Lots and Party City, which presents potential challenges.

Brixmor Property Business Overview & Revenue Model

Company Description

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 395 retail centers comprise approximately 69 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to approximately 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets, Wal-Mart, Ross Stores and L.A. Fitness.

How the Company Makes Money

Brixmor generates revenue primarily through leasing retail space within its shopping centers. The company's primary revenue stream comes from rental income from tenants, which includes base rent and percentage rent, the latter being a share of tenants' sales when they exceed a certain threshold. Additionally, Brixmor earns income from management fees and ancillary services related to the operation of its properties. The company also benefits from long-term lease agreements with its tenants, providing stable and predictable cash flow. Key partnerships with national retailers and a focus on high-traffic locations enhance its earnings potential, while strategic redevelopment of existing properties can lead to increased rental rates and improved tenant sales, further contributing to its revenue growth.

Brixmor Property Financial Statement Overview

Summary

Brixmor Property demonstrates strong financial health with consistent revenue growth and efficient cost management, reflected in solid profit margins. Leverage is moderate but manageable, supported by a stable asset base and good return on equity. Cash flows are strong, indicating effective operational management and capital allocation.

Income Statement

Brixmor Property shows a solid performance with a steady increase in total revenue over the years. The gross profit margin is strong at approximately 71.2% in the TTM period, indicating efficient cost management. However, net profit margin slightly decreased from 26.4% in 2024 to 24.6% in the TTM period. The EBIT margin remains stable at about 35.9%. Revenue growth has been consistent, with TTM revenue up by 1.3% from the previous year, although the pace has slowed slightly.

Balance Sheet

The balance sheet reflects moderate leverage with a debt-to-equity ratio of 1.73, indicating reliance on debt financing. The equity ratio stands at 34.4%, showing a balanced asset structure. Return on equity is relatively strong at 10.8% for the TTM period, driven by consistent profitability. The company maintains a stable asset base, although slight fluctuations in equity suggest some financial strategy adjustments.

Cash Flow

Cash flows are robust with positive free cash flow growth. The operating cash flow to net income ratio is healthy at 1.96, demonstrating strong cash generation relative to net income. The free cash flow to net income ratio is also solid at 2.20, indicating effective capital management and operational efficiency. However, the cash flow from financing activities suggests a focus on debt repayment, which could impact future liquidity.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.29B	1.25B	1.22B	1.15B	1.05B
Gross Profit	1.12B	925.05M	906.28M	854.49M	772.64M
EBITDA	936.67M	858.10M	785.42M	748.97M	669.37M
Net Income	339.27M	305.09M	161.77M	75.48M	-73.82M
Balance Sheet
Total Assets	8.91B	8.33B	8.44B	8.38B	8.34B
Cash, Cash Equivalents and Short-Term Investments	397.92M	20.78M	38.16M	316.86M	388.22M
Total Debt	5.34B	4.93B	5.45B	5.20B	5.21B
Total Liabilities	5.92B	5.48B	5.57B	5.66B	5.66B
Stockholders Equity	2.98B	2.85B	2.87B	2.72B	2.68B
Cash Flow
Free Cash Flow	624.69M	588.79M	236.03M	243.66M	158.34M
Operating Cash Flow	624.69M	588.79M	566.38M	552.24M	443.10M
Investing Cash Flow	-437.02M	-163.08M	-462.45M	-331.00M	-167.25M
Financing Cash Flow	172.12M	-428.07M	-380.41M	-293.58M	72.71M

Brixmor Property Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 28.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BRX, the sentiment is Positive. The current price of 28.05 is above the 20-day moving average (MA) of 26.63, above the 50-day MA of 26.08, and above the 200-day MA of 26.14, indicating a bullish trend. The MACD of 0.49 indicates Negative momentum. The RSI at 66.63 is Neutral, neither overbought nor oversold. The STOCH value of 81.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BRX.

Brixmor Property Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ADC	76 Outperform	$7.98B	43.23	3.44%	4.22%	13.27%	-5.92%
NNN	75 Outperform	$7.92B	19.98	9.18%	5.58%	4.82%	-5.18%
BRX	75 Outperform	$8.45B	25.18	11.52%	4.05%	5.98%	12.11%
FRT	74 Outperform	$8.58B	25.15	11.04%	4.46%	6.00%	15.77%
PECO	73 Outperform	$4.76B	65.48	3.01%	3.57%	10.31%	14.39%
KRG	66 Neutral	$4.90B	28.52	5.53%	4.80%	4.03%	―
Sector *	63 Neutral	$7.00B	13.54	-0.52%	7.07%	3.61%	-22.78%