Brixmor Property Group Inc.

BRX 10-Q · Q1 2026

BRX Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Operating Lease Lease Income 354,337 337,241 +5.1%
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Subsidiaries 354,337 337,241 +5.1%
Gain Loss Due To Management Fees 482 271 +77.9%
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Subsidiaries 482 271 +77.9%
Revenue From Contract With Customer Including Assessed Tax 354,819 337,512 +5.1%
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Subsidiaries 354,819 337,512 +5.1%
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Residential Portfolio Segment 354,819 337,512 +5.1%
Operating Costs And Expenses 41,914 39,211 +6.9%
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Subsidiaries 41,914 39,211 +6.9%
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Residential Portfolio Segment 41,914 39,211 +6.9%
Real Estate Tax Expense 45,403 44,893 +1.1%
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Subsidiaries 45,403 44,893 +1.1%
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Residential Portfolio Segment 45,403 44,893 +1.1%
Depreciation And Amortization 105,202 105,597 -0.4%
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Subsidiaries 105,202 105,597 -0.4%
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Residential Portfolio Segment 105,202 105,597 -0.4%
General & Administrative 28,192 28,173 +0.1%
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Subsidiaries 28,192 28,173 +0.1%
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Residential Portfolio Segment 28,192 28,173 +0.1%
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General And Administrative Expense 28,192 28,173 +0.1%
Operating Expenses 220,711 217,874 +1.3%
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Subsidiaries 220,711 217,874 +1.3%
Other Interest And Dividend Income 3,205 1,706 +87.9%
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Subsidiaries 3,205 1,706 +87.9%
Interest Expense -59,392 -54,084 -9.8%
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Subsidiaries -59,392 -54,084 -9.8%
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Residential Portfolio Segment -59,392 -54,084 -9.8%
Gain Loss On Sale Of Properties 52,097 3,070 +1597.0%
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Subsidiaries 52,097 3,070 +1597.0%
Other Non-Operating Income (Expense) -2,261 -593 -281.3%
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Subsidiaries -2,261 -593 -281.3%
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Residential Portfolio Segment 53,034 4,175 +1170.3%
Non-Operating Income (Expense) -6,351 -49,901 +87.3%
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Subsidiaries -6,351 -49,901 +87.3%
Net Income 127,757 69,737 +83.2%
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Accumulated Distributions In Excess Of Net Income 127,750 69,729 +83.2%
Noncontrolling Interest 7 8 -12.5%
Noncontrolling Interest · Subsidiaries 7 8 -12.5%
Partnership Common Units · Subsidiaries 127,750 69,729 +83.2%
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Subsidiaries 127,757 69,737 +83.2%
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Residential Portfolio Segment 127,750 69,729 +83.2%
Net Income Loss Attributable To Noncontrolling Interest -7 -8 +12.5%
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Subsidiaries -7 -8 +12.5%
Net Income 127,750 69,729 +83.2%
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Subsidiaries 127,750 69,729 +83.2%
EPS (Basic) 0.42 0.23 +82.6%
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Subsidiaries 0.42 0.23 +82.6%
EPS (Diluted) 0.41 0.23 +78.3%
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Subsidiaries 0.41 0.23 +78.3%
Wtd Avg Shares (Basic) 307,024 306,766 +0.1%
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Subsidiaries 307,024 306,766 +0.1%
Wtd Avg Shares (Diluted) 307,679 307,252 +0.1%
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Subsidiaries 307,679 307,252 +0.1%
Comprehensive Income 135,437 65,586 +106.5%
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Subsidiaries 135,437 65,586 +106.5%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax 7,796 -4,302 +281.2%
Labor And Related Expense (Q)
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General And Administrative Expense -21,719 -22,421 +3.1%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 323,934 106,534 +204.1%
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Subsidiaries 323,401 105,450 +206.7%
Receivables Net Current 302,774 274,082 +10.5%
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Subsidiaries 302,774 274,082 +10.5%
Non-Current Assets
Total Assets 9,103,391 8,594,759 +5.9%
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Subsidiaries 9,102,858 8,593,675 +5.9%
Operating Lease Right-of-Use Assets 45,274 41,136 +10.1%
Other Assets
Investment Building And Building Improvements 9,907,526 9,576,745 +3.5%
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Subsidiaries 9,907,526 9,576,745 +3.5%
Real Estate Investment Property At Cost 11,745,265 11,410,153 +2.9%
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Subsidiaries 11,745,265 11,410,153 +2.9%
Real Estate Investment Property Accumulated Depreciation -3,636,118 -3,445,994 -5.5%
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Subsidiaries -3,636,118 -3,445,994 -5.5%
Real Estate Investment Property Net Excluding Held For Sale 8,109,147 7,964,159 +1.8%
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Subsidiaries 8,109,147 7,964,159 +1.8%
Restricted Cash And Cash Equivalents 100,633 894 +11156.5%
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Subsidiaries 100,633 894 +11156.5%
Marketable Securities 20,480 19,913 +2.8%
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Subsidiaries 20,480 19,913 +2.8%
Deferred Charges And Prepaid Expenses Net 170,538 165,172 +3.2%
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Subsidiaries 170,538 165,172 +3.2%
Real Estate Heldforsale 5,290 4,976 +6.3%
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Subsidiaries 5,290 4,976 +6.3%
Show Disposal Group Classification breakouts
Disposal Group Heldforsale Not Discontinued Operations 5,290 4,976 +6.3%
Other Assets 70,595 59,029 +19.6%
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Subsidiaries 70,595 59,029 +19.6%
Non-Current Liabilities
Accounts Payable And Accrued Liabilities Current And Noncurrent 570,407 536,618 +6.3%
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Subsidiaries 570,407 536,618 +6.3%
Total Liabilities 6,066,478 5,640,730 +7.5%
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Subsidiaries 6,066,478 5,640,730 +7.5%
Long-Term Debt 5,496,071 5,104,112 +7.7%
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Unsecured Credit Facility and Term Loan · Unsecured Debt 490,529 496,048 -1.1%
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Carrying Reported Amount Fair Value Disclosure 5,496,071 5,104,112 +7.7%
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Unsecured Debt 5,005,542 4,608,064 +8.6%
Other Liabilities
Mortgages Payable Including Unamortized Premium 5,496,071 5,104,112 +7.7%
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Subsidiaries 5,496,071 5,104,112 +7.7%
Stockholders' Equity
Common Stock 3,068 3,061 +0.2%
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Subsidiaries 3,026,722 2,948,618 +2.6%
Additional Paid In Capital Common Stock 3,424,070 3,424,042 0.0%
Accumulated Other Comprehensive Income 9,409 4,075 +130.9%
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Subsidiaries 9,409 4,075 +130.9%
Accumulated Losses -399,883 -477,401 +16.2%
Total Stockholders' Equity 3,036,664 2,953,777 +2.8%
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Subsidiaries 3,036,131 2,952,693 +2.8%
Minority Interest 249 252 -1.2%
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Subsidiaries 249 252 -1.2%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 3,036,913 2,954,029 +2.8%
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Accumulated Distributions In Excess Of Net Income -399,883 -477,401 +16.2%
Accumulated Other Comprehensive Income 9,409 4,075 +130.9%
Accumulated Other Comprehensive Income · Subsidiaries 9,409 4,075 +130.9%
Additional Paid In Capital 3,424,070 3,424,042 0.0%
Common Stock 3,068 3,061 +0.2%
Noncontrolling Interest 249 252 -1.2%
Noncontrolling Interest · Subsidiaries 249 252 -1.2%
Partnership Common Units · Subsidiaries 3,026,722 2,948,618 +2.6%
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Subsidiaries 3,036,380 2,952,945 +2.8%
Total Liabilities & Equity 9,103,391 8,594,759 +5.9%
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Subsidiaries 9,102,858 8,593,675 +5.9%
Land 1,837,739 1,833,408 +0.2%
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Subsidiaries 1,837,739 1,833,408 +0.2%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Depreciation & Amortization 105,202 105,597 -0.4%
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Subsidiaries 105,202 105,597 -0.4%
Amortization Of Debt Discount Premium -664 -695 +4.5%
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Subsidiaries -664 -695 +4.5%
Amortization of Financing Costs 1,982 1,766 +12.2%
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Subsidiaries 1,982 1,766 +12.2%
Amortization Of Above And Below Market Leases -4,635 -3,276 -41.5%
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Subsidiaries -4,635 -3,276 -41.5%
Deferred Sales Inducements Amortization Expense 519 750 -30.8%
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Subsidiaries 519 750 -30.8%
Gain Loss On Disposition Of Real Estate Discontinued Operations -52,097 -3,070 -1597.0%
Show Mortgage Loans On Real Estate Description Type Of Property Axis [Axis] breakouts
Partial Properties · Discontinued Operations Disposed Of By Sale -52.1 -3.1 -1580.6%
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Subsidiaries -52,097 -3,070 -1597.0%
Stock-Based Compensation 2,385 4,113 -42.0%
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Subsidiaries 2,385 4,113 -42.0%
Increase Decrease In Accounts And Other Receivables 10,189 9,442 +7.9%
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Subsidiaries 10,189 9,442 +7.9%
Increase Decrease In Deferred Charges And Prepaid Expenses Net -9,375 -7,140 -31.3%
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Subsidiaries -9,375 -7,140 -31.3%
Increase Decrease In Other Operating Assets 119 49 +142.9%
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Subsidiaries 119 49 +142.9%
Increase Decrease In Other Liabilities And Due To Related Parties -40,198 -47,185 +14.8%
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Subsidiaries -40,198 -47,185 +14.8%
Net Cash from Operations 141,184 130,088 +8.5%
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Subsidiaries 141,184 130,088 +8.5%
Investing Activities
Payments To Develop Real Estate Assets -70,981 -82,509 +14.0%
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Subsidiaries -70,981 -82,509 +14.0%
Proceeds From Sales Of Real Estate Assets 105,668 21,636 +388.4%
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Subsidiaries 105,668 21,636 +388.4%
Payments To Acquire Marketable Securities -1,036 -4,477 +76.9%
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Subsidiaries -1,036 -4,477 +76.9%
Proceeds From Sale And Maturity Of Marketable Securities 1,736 5,035 -65.5%
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Subsidiaries 1,736 5,035 -65.5%
Net Cash from Investing 35,387 -63,459 +155.8%
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Subsidiaries 35,387 -63,459 +155.8%
Capital Expenditures Incurred But Not Yet Paid Change In Accrual -7,733 -3,396 -127.7%
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Subsidiaries -7,733 -3,396 -127.7%
Financing Activities
Payments Of Financing Costs -215 -3,718 +94.2%
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Subsidiaries -215 -3,718 +94.2%
Proceeds From Issuance Of Common Stock -33 -78 +57.7%
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Subsidiaries -33 -78 +57.7%
Payments Of Capital Distribution -96,874 -89,465 -8.3%
Partners Distributions (Q)
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Subsidiaries -113,285 -101,533 -11.6%
Tax Withholding for Share Compensation -16,412 -11,644 -40.9%
Net Cash from Financing -113,534 -337,893 +66.4%
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Subsidiaries -113,533 -338,317 +66.4%
Debt Repayments (Q)
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Senior Notes Due 2025 632.3
Supplemental
Interest Paid 67,486 73,213 -7.8%
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Subsidiaries 67,486 73,213 -7.8%
Other Cash Flow
Net Change in Cash 63,037 -271,264 +123.2%
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Subsidiaries 63,038 -271,688 +123.2%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 424,567 107,428 +295.2%
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Subsidiaries 424,034 106,344 +298.7%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

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