Brixmor Q2 revenue slightly beats estimates, raises 2026 outlook
BRX•What drove the results
- Leasing momentum - Record small shop occupancy and record signed but not yet commenced rent pipeline supported results, per CEO Brian T. Finnegan
- Base rent growth - Same property NOI rose 5.8% yr/yr, driven mainly by base rent increases
- Reinvestment and acquisitions - Recent reinvestment projects and shopping center acquisitions contributed to portfolio growth
Revenue and earnings overview
- U.S. shopping center REIT's Q2 revenue slightly beat analyst expectations
- Company raised 2026 outlook for Nareit FFO per share and same property NOI growth
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Revenue | Slight Beat* | $354.20 mln | $353.22 mln (9 Analysts) |
| Q2 EPS | $0.24 | ||
| Q2 Net Income | $73.50 mln | ||
| Q2 Nareit FFO | $178.56 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst coverage and valuation
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
