Headquartered in New York, NY Fiscal year ends December NYSE: BRX brixmor.com
Brixmor Property Group Inc. (NYSE: BRX) is a real estate investment trust that owns and operates a national portfolio of open-air shopping centers. It has 345 retail centers totaling about 62.3 million square feet of gross leasable area across 29 states. Florida, Texas, California, New York and Pennsylvania are its largest markets by annualized base rent (ABR). About 73% of ABR comes from the 50 largest U.S. metro areas.
The centers are heavily grocery-anchored. Rent comes from a diverse mix of national, regional and local retailers.
- Largest tenants: The TJX Companies, Kroger, Burlington, Ross Stores, Publix, Dollar Tree, Five Below, Amazon/Whole Foods, Ulta Beauty and PetSmart. The top 40 retailers make up 32.4% of ABR.
- Merchandise mix: led by restaurants (18% of ABR), grocery (14%), personal services, off-price apparel, fitness and medical.
- Revenue sources: mainly base rent, expense reimbursements, percentage rents and ancillary income.
The company creates value in three main ways:
- Leasing and remerchandising space.
- Reinvestment through anchor repositionings, outparcel developments and redevelopments. The in-process pipeline is about $332 million at an expected 10% yield.
- Capital recycling through acquisitions and dispositions.
In September 2026, Brixmor and Everview Partners agreed to acquire Slate Grocery REIT in a roughly $2.34 billion transaction. Brixmor will directly own 23 grocery-anchored properties. It will also hold common and preferred equity in a joint venture owning 92 more. Updated
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Brixmor Property Group Inc. (NYSE: BRX) is a real estate investment trust that owns and operates a national portfolio of open-air shopping centers. It has 345 retail centers totaling about 62.3 million square feet of gross leasable area across 29 states.
The Wall Street consensus 12-month price target for BRX is $33.50.
