Brixmor Property (BRX) AI Stock Analysis

• Market Cap: $7.81B
• Dividend Yield: 4.5%
• Average Volume (3M): 2.27M
• Price to Earnings (P/E): 24.4
• Beta (1Y): 0.84
• Revenue Growth: 4.58%
• EPS Growth: 12.65%
• Country: US
• Employees: 453
• Sector: Real Estate
• Sector Strength: 65
• Industry: REIT - Retail
• EPS (TTM): 0.23
• Shares Outstanding: 306,060,150
• 10 Day Avg. Volume: 2,138,911
• 30 Day Avg. Volume: 2,271,210
• PEG Ratio: 0.36
• Price to Book (P/B): 2.37
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 28.81
• Enterprise Value/Market Cap: 1.57
• Enterprise Value/Revenue: 2.39
• Enterprise Value/Gross Profit: 13.20
• Enterprise Value/Ebitda: 3.44
• 1Y Price Target: $29.41
• Price Target Upside: 15.61% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 12

• Rating: 73 Outperform
• Price Target: $28.00 ▲(10.06%Upside)

Brixmor Property Group's overall stock score is driven by strong financial performance and a positive outlook from recent earnings, despite mixed technical indicators and a relatively high valuation. The company's robust dividend yield enhances its investment appeal, although future liquidity could be impacted by its debt management strategy.

Positive Factors

Financial Performance

Brixmor Property Group reported $0.56/sh FFO in 1Q25, which was ahead of the consensus estimate.

Growth and Development

Brixmor Property Group is experiencing faster growth compared to its Shopping Center peers, despite its shares trading at a discount.

Valuation and Investment

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

Negative Factors

Debt and Financial Risk

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

Occupancy and Leasing Challenges

Leased occupancy declined by 100bps year-over-year and 110bps sequentially to 94.1%.

Tenant Exposure and Risk

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 Property Group makes money primarily through leasing retail space in its shopping centers to various tenants. The company's revenue is generated from rental income, which includes base rent, percentage rent, and reimbursements for property operating expenses such as taxes, insurance, and maintenance. Brixmor's earnings are further supported by strategic leasing initiatives that aim to enhance tenant mix, optimize occupancy rates, and increase rental rates. The company's financial performance is also influenced by its ability to manage property expenses efficiently and engage in value-enhancing redevelopment projects. Additionally, Brixmor benefits from economies of scale due to its extensive property portfolio, enabling it to negotiate favorable contracts and partnerships with service providers.

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. Strong cash flows indicate effective operational management and capital allocation. Continued focus on debt management and maintaining revenue growth will be key for sustained financial strength.

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
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.30B	1.29B	1.25B	1.22B	1.15B	1.05B
	Gross Profit
926.86M	1.12B	925.05M	906.28M	854.49M	772.64M
	EBIT
467.85M	470.18M	807.92M	440.69M	421.81M	333.78M
	EBITDA
931.41M	936.67M	858.10M	785.42M	748.97M	669.37M
	Net Income Common Stockholders
320.10M	339.27M	305.09M	161.77M	75.48M	-73.82M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
126.45M	397.92M	20.78M	38.16M	316.86M	388.22M
	Total Assets
8.59B	8.91B	8.33B	8.44B	8.38B	8.34B
	Total Debt
5.10B	5.34B	4.93B	5.45B	5.20B	5.21B
	Net Debt
5.00B	4.96B	4.93B	5.43B	4.90B	4.84B
	Total Liabilities
5.64B	5.92B	5.48B	5.57B	5.66B	5.66B
	Stockholders Equity
2.95B	2.98B	2.85B	2.87B	2.72B	2.68B
Cash Flow		Free Cash Flow
703.12M	624.69M	588.79M	236.03M	243.66M	158.34M
	Operating Cash Flow
626.26M	624.69M	588.79M	566.38M	552.24M	443.10M
	Investing Cash Flow
-491.30M	-437.02M	-163.08M	-462.45M	-331.00M	-167.25M
	Financing Cash Flow
-445.94M	172.12M	-428.07M	-380.41M	-293.58M	72.71M

Brixmor Property Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 25.44
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BRX, the sentiment is Negative. The current price of 25.44 is above the 20-day moving average (MA) of 25.35, above the 50-day MA of 25.32, and below the 200-day MA of 26.55, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 49.27 is Neutral, neither overbought nor oversold. The STOCH value of 48.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BRX.

Brixmor Property Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NNN	79 Outperform	$7.90B	19.54	9.35%	5.52%	5.40%	-1.33%
ADC	75 Outperform	$8.11B	41.57	3.54%	4.17%	13.75%	5.67%
FRT	74 Outperform	$8.25B	27.46	9.85%	4.60%	6.07%	24.23%
BRX	73 Outperform	$7.81B	24.37	10.99%	4.50%	4.58%	12.65%
PECO	72 Outperform	$4.86B	62.84	3.09%	3.50%	9.27%	19.51%
KRG	70 Outperform	$4.91B	362.50	0.81%	4.84%	4.37%	-75.82%
Sector *	61 Neutral	$2.83B	10.87	0.41%	8.09%	5.96%	-21.24%