AI brief of an SEC Form 8-K · Brixmor Property (BRX)

Brixmor Q3 net income rises to $0.32 per share from $0.21; 2024 FFO outlook raised

Positive Impact 4 of 5 earnings Written later

Brixmor reported third-quarter 2024 net income of $96.8 million, or $0.32 per diluted share, up from $63.7 million, or $0.21, a year earlier. The company also raised its 2024 Nareit FFO per diluted share outlook to $2.13 to $2.15 from $2.11 to $2.14 and its same property NOI growth outlook to 4.75% to 5.25% from 4.25% to 5.00%, which matters to shareholders because it gives an updated view of the company's expected earnings for the year.

Key points

  • Q3 2024 Nareit FFO was $159.2 million, or $0.52 per diluted share, versus $152.2 million, or $0.50, in Q3 2023.
  • Same property NOI rose 4.1% in the third quarter and 5.2% for the nine months ended September 30, 2024.
  • The quarterly dividend was increased 5.5% to $0.2875 per share, payable January 15, 2025 to holders of record on January 3, 2025.
  • Q3 general and administrative expense included approximately $2.4 million of one-time severance costs tied to a regional realignment.

The filing

CompanyBrixmor Property (BRX)
Form8-K, current report
Filed with the SECOct 28, 2024, 4:09 PM ET
Accession number0001581068-24-000044

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.