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Brixmor Property Group Reports Outstanding Financial Performance for 2025

Brixmor Property Group Inc. (NYSE: BRX), a leading real estate investment trust, recently released its financial results for the fourth quarter and full year of 2025, showcasing an extraordinary year of growth fueled by strong demand in the retail market. With notable increases in both lease activity and overall occupancy rates, Brixmor is set to make significant strides in the coming years.

Q4 and Annual Results

In the fourth quarter of 2025, Brixmor achieved a net income of $137.1 million, amounting to $0.44 per diluted share, compared to $83.4 million or $0.27 per diluted share in the previous year. This positive trend reflects a broader success throughout the year, with an annual net income of $386.2 million, translating to $1.25 per diluted share, up from $339.3 million or $1.11 per diluted share in 2024.

Brixmor's accomplishments for the fourth quarter included:

• - Execution of 1.5 million square feet in new and renewal leases with impressive rent spreads of 24.2%.
• - Occupancy rates soared, with total leased occupancy reaching 95.1%, anchor leased occupancy at 96.6%, and small shop occupancy hitting a record 92.2%.
• - A significant increase in same property net operating income (NOI), which was up by 6.0% year over year.
• - The achievement of $178.4 million in funds from operations (FFO), or $0.58 per diluted share, up from $161.4 million or $0.53 per diluted share in Q4 2024.

Annual Highlights

Throughout 2025, Brixmor demonstrated exceptional performance by executing a total of 6.0 million square feet in new and renewal leases. This included 3.0 million square feet of new leases with an impressive rent spread of 38.7%. The cumulative impact of these efforts resulted in a 4.2% increase in same property NOI.

During the year, the company also completed valuable acquisitions totaling $416.8 million and generated proceeds of $296.5 million from dispositions. Moreover, it stabilized $183.3 million worth of reinvestment projects, indicating a reinvestment strategy yielding significant returns.

Leadership Transition

Brixmor also announced a leadership change with Brian T. Finnegan taking over as Chief Executive Officer effective January 1, 2026. This transition follows the retirement of former CEO James M. Taylor Jr. Finnegan's appointment promises a continuation of the company’s positive momentum and strategic initiatives.

Looking Ahead

As Brixmor moves into 2026, the company is optimistic about its financial outlook, projecting a FFO per diluted share range of $2.33 to $2.37 and same property NOI growth expectations of 4.50% to 5.50%.

In terms of strategic initiatives, Brixmor's new $400.0 million share repurchase program and its ATM equity offering program underscore the company's commitment to returning value to shareholders while maintaining flexibility to capitalize on market opportunities.

With its solid operational execution and strategic investments, Brixmor Property Group is indeed well-positioned for continued growth in the retail space, solidifying its reputation as a valuable partner for retailers across the United States. Investors and stakeholders can stay updated on the company's ongoing projects and performance through regular disclosures and communications available on Brixmor’s website and social media channels.

In conclusion, Brixmor’s record achievements in 2025 not only highlight the effectiveness of their management strategies but also illustrate a promising future ahead as the retail landscape continues to evolve.