Brixmor Property (BRX) AI Stock Analysis

• Market Cap: $7.91B
• Dividend Yield: 4.45%
• Average Volume (3M): 2.22M
• Price to Earnings (P/E): 24.7
• Beta (1Y): 0.79
• Revenue Growth: 4.58%
• EPS Growth: 12.65%
• Country: US
• Employees: 453
• Sector: Real Estate
• Sector Strength: 56
• Industry: REIT - Retail
• EPS (TTM): 0.23
• Shares Outstanding: 306,060,150
• 10 Day Avg. Volume: 2,286,264
• 30 Day Avg. Volume: 2,219,045
• 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: 1.55
• Enterprise Value/Revenue: 2.39
• Enterprise Value/Gross Profit: 13.20
• Enterprise Value/Ebitda: 3.44
• 1Y Price Target: $29.55
• Price Target Upside: 14.31% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 11

• Rating: 74 Outperform
• Price Target: $29.00 ▲(12.19%Upside)

Brixmor Property's overall stock score reflects strong financial performance and positive earnings call insights, which are slightly offset by moderate technical indicators and valuation metrics. The company's strong leasing activity, robust growth pipeline, and effective debt management position it well for future growth. However, challenges from tenant bankruptcies and economic uncertainties are notable risks.

Positive Factors

Growth and Performance

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

Investment Opportunity

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

Leasing and Occupancy

The company's sustained growth is supported by the sub-sector's lowest in-place rents and strong leasing execution.

Negative Factors

Bad Debt and Revenue

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

Occupancy Decline

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

Tenant Exposure

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 Property Group Inc. (BRX) is a real estate investment trust (REIT) that primarily owns and operates open-air shopping centers across the United States. With a portfolio of hundreds of retail properties, Brixmor focuses on leasing space to a diverse mix of tenants including national, regional, and local retailers. The company's properties are strategically located in major markets to attract a wide range of consumers, providing essential goods and services.

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
EBITDA	931.41M	936.67M	858.10M	785.42M	748.97M	669.37M
Net Income	320.10M	339.27M	305.09M	161.77M	75.48M	-73.82M
Balance Sheet
Total Assets	8.59B	8.91B	8.33B	8.44B	8.38B	8.34B
Cash, Cash Equivalents and Short-Term Investments	126.45M	397.92M	20.78M	38.16M	316.86M	388.22M
Total Debt	5.10B	5.34B	4.93B	5.45B	5.20B	5.21B
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: Positive
• Last Price: 25.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 25.85 is above the 20-day moving average (MA) of 25.62, above the 50-day MA of 25.36, and below the 200-day MA of 26.20, indicating a neutral trend. The MACD of 0.12 indicates Positive momentum. The RSI at 55.71 is Neutral, neither overbought nor oversold. The STOCH value of 32.84 is Neutral, 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
NNN	76 Outperform	$8.11B	20.08	9.35%	5.38%	5.40%	-1.33%
BRX	74 Outperform	$7.91B	24.67	10.99%	4.45%	4.58%	12.65%
ADC	72 Outperform	$7.88B	40.38	3.54%	4.29%	13.75%	5.67%
FRT	71 Outperform	$8.24B	27.24	9.85%	4.64%	6.07%	24.23%
PECO	70 Outperform	$4.79B	61.83	3.09%	3.55%	9.27%	19.51%
KRG	67 Neutral	$4.95B	365.58	0.81%	4.79%	4.37%	-75.82%
Sector *	60 Neutral	€3.21B	4.32	-3.86%	3.69%	-3.18%	17.24%