Brixmor raises low end of 2026 FFO outlook as first-quarter profit rises
Brixmor reported first-quarter 2026 net income attributable to the company of $127.8 million, or $0.41 per diluted share, up from $69.7 million, or $0.23 per diluted share, a year earlier, on total revenues of $354.8 million versus $337.5 million. The company raised the low end of its 2026 Nareit FFO per diluted share outlook to $2.34-$2.37 from $2.33-$2.37 and raised same property NOI growth expectations to 4.75%-5.50% from 4.50%-5.50%.
Key points
- Net income attributable to Brixmor was $0.41 per diluted share for the quarter ended March 31, 2026, versus $0.23 a year earlier, and included a $52.1 million gain on sale of real estate assets.
- Nareit FFO was $179.6 million, or $0.58 per diluted share, versus $0.56 a year earlier; same property NOI rose 6.4%.
- 2026 Nareit FFO per diluted share outlook is $2.34-$2.37, up from $2.33-$2.37; same property NOI growth outlook is 4.75%-5.50%, up from 4.50%-5.50%.
- The board declared a quarterly dividend of $0.3075 per share, payable July 15, 2026 to holders of record on July 2, 2026.
The filing
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 April 27, 2026.
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.