Brixmor targets long-term same-property NOI growth of 4% or more
BRX•Brixmor targets long-term same-property NOI growth of at least 4%, supported by $69 million in signed but not yet commenced annual rent. It expects its Slate transaction to immediately increase Nareit FFO per share and plans to raise its annual dividend 7% in 2027 to $1.32 per share.
1. Transaction and growth targets
Brixmor expects the Slate transaction to immediately increase Nareit FFO per share, with closing anticipated in the first quarter of 2027. The deal includes 23 shopping centers for $636 million, while a joint venture with Everview Partners will acquire another 92 for $1.71 billion. Brixmor targets long-term same-property NOI growth of 4% or more, supported by $69 million in signed but not yet commenced annual rent.
2. Leverage and dividend
Brixmor expects leverage to remain consistent with recent levels and says it does not rely on equity issuance at current trading prices. The company plans to increase its annual dividend 7% in 2027 to $1.32 per share.
