Earnings Releases·Oct 26, 2026, 4:06 PM ET

Brixmor Property Group — Q3 2026 Earnings Summary

Q3 net income declined 6.8% year-over-year to $87.8 million ($0.28/share), while Nareit FFO rose 7.1% to $184.6 million ($0.60/share); full-year 2026 Nareit FFO guidance increased to $2.36–$2.38 per share.
Same property NOI grew 6.6% in Q3 and 6.2% for the nine-month period, driven by a 25.3% rent spread on new and renewal leases and record total occupancy of 95.6%.
Announced a $2.34 billion acquisition of Slate Grocery REIT, expected to close in Q1 2027, comprising a $636 million direct purchase and a joint venture for 92 additional properties.
Increased the quarterly dividend by 7.3% to $0.33 per share ($1.32 annualized) and secured a $988 million commitment letter for senior unsecured term loan financing to support the transaction.
Completed $49.5 million in acquisitions and $42.8 million in dispositions during the quarter, with $331.8 million in the in-process reinvestment pipeline targeting an average 10% incremental NOI yield.