Brixmor Q3 FFO $0.60/Share, Dividend Up 7.3%, 2026 FFO Guidance Raised to $2.36-$2.38
BRX is trading near its 52-week low of $24.655 (14% above the low).
Summary
Brixmor reported Q3 2026 Nareit FFO of $0.60 per diluted share, with same property NOI up 6.6% and record 95.6% leased occupancy. The company raised 2026 FFO guidance to $2.36-$2.38 and increased the dividend 7.3% to $0.3300 per share.
Key Events · Earnings and Guidance · BRX
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Q3 FFO Beats Prior Year
Nareit FFO was $184.6 million, or $0.60 per diluted share, versus $0.56 a year earlier; same property NOI rose 6.6%.
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Dividend Raised 7.3%
The quarterly dividend increased to $0.3300 per common share ($1.32 annualized), payable January 15, 2027 to holders of record January 5, 2027.
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2026 Guidance Raised
Nareit FFO per diluted share outlook was lifted to $2.36-$2.38 from $2.35-$2.37; same property NOI growth narrowed to 5.50%-5.75% from 5.00%-5.75%.
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Record Occupancy and Leasing
Total leased occupancy reached a record 95.6% on 1.6 million square feet of new and renewal leases at 25.3% comparable rent spreads; signed but not commenced leases total $68.9 million of annualized base rent.
Analysis · BRX · Real Estate & Construction
A clean beat-and-raise quarter: Nareit FFO came in at $0.60 per diluted share against $0.56 a year ago, same property NOI rose 6.6%, and occupancy hit a record 95.6%. Management lifted full-year FFO guidance to $2.36-$2.38 from $2.35-$2.37 and raised the quarterly dividend 7.3% to $0.3300 per share, payable January 15, 2027. Visible earnings growth into 2027 is supported by $68.9 million of signed-but-not-yet-commenced rent and a $331.8 million reinvestment pipeline at a 10% yield. Funding is in place as well: $1.5 billion of liquidity plus a $988.0 million term loan commitment covers the Slate Grocery REIT acquisition expected to close in the first quarter of 2027.
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At the time of this filing, BRX was trading at $28.12 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $8.6B. The 52-week trading range was $24.66 to $32.86. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.