Brixmor publishes transcript of 2Q 2026 earnings conference call
BRX•Acquisitions and financing
Brixmor completed $164 million of acquisitions at a blended low-6% cap rate. The first OP-unit deal used a convertible preferred with conversion set above equity-issuance levels.
Guidance and pipeline update
Management raised 2026 guidance to 5%–5.75% same-property NOI growth and $2.35–$2.37 FFO per share, citing an improved uncollectible revenue outlook.
The signed-but-not-yet-commenced pipeline reached a record $71 million of annualized base rent, and management flagged meaningful commencements in 2027 and beyond.
2Q 2026 earnings call highlights
Brixmor held its 2Q 2026 earnings call with CEO and President Brian Finnegan, CFO and Treasurer Steve Gallagher, CIO Mark Horgan, and IR head Stacy Slater.
The company reported 5.8% same-property NOI growth, Nareit FFO of $0.58 per share, 94.8% leased occupancy, and a record small-shop occupancy of 92.6%.
