Every material Form 8-K Brixmor Property filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Brixmor Property Group said CEO James M. Taylor Jr. will retire as CEO and as a board member effective January 1, 2026. The board appointed Brian T. Finnegan, the company's President and Chief Operating Officer and current interim CEO, to succeed him as permanent CEO and board member on the same date, under a new employment agreement that runs through December 31, 2028.
Taylor notified the company on November 19, 2025 that he will retire as CEO and from the board effective January 1, 2026.
The board appointed Finnegan, age 45, as CEO and a board member effective January 1, 2026; he will also keep the title of President.
Finnegan's new employment agreement sets a minimum base salary of $900,000 and a minimum target annual equity award of $3,000,000, starting with the 2026 grant.
Board Chair Sheryl M. Crosland said the appointment reflects execution of the CEO succession plan.
Brixmor reported third-quarter 2025 revenue of $340.8 million, up from $320.7 million a year earlier, and Nareit FFO of $0.56 per diluted share, up from $0.52. GAAP net income per diluted share slipped to $0.31 from $0.32, and the company raised the low end of its 2025 Nareit FFO guidance to $2.23-$2.25. The company also raised its quarterly dividend 7.0% and disclosed that CEO James M. Taylor is on temporary medical leave, with President and COO Brian T. Finnegan serving as interim CEO.
Q3 2025 total revenues were $340.8 million, versus $320.7 million in Q3 2024; Nareit FFO was $172.3 million, or $0.56 per diluted share, versus $0.52
Q3 2025 net income attributable to Brixmor was $94.2 million, or $0.31 per diluted share, versus $0.32 a year earlier
2025 Nareit FFO per diluted share guidance is now $2.23-$2.25, up from $2.22-$2.25; same property NOI growth guidance of 3.90%-4.30% was affirmed
Quarterly dividend increased 7.0% to $0.3075 per share, payable January 15, 2026; Brian T. Finnegan became interim CEO effective October 16, 2025
Brixmor Property Group said CEO James M. Taylor Jr. began a temporary medical leave on October 16, 2025. The Board appointed President and COO Brian T. Finnegan as interim CEO on October 15, 2025, until Taylor returns. The filing gives no expected return date and no financial results.
James M. Taylor Jr. began a temporary medical leave of absence effective October 16, 2025.
Board appointed Brian T. Finnegan, President and Chief Operating Officer, as interim CEO on October 15, 2025.
Chair Sheryl M. Crosland said the company has full confidence in Finnegan and the management team.
The filing does not state a return date for Taylor.
Brixmor's operating partnership completed a $400 million offering of 4.850% senior notes maturing February 15, 2033, dated September 9, 2025. The company said it will use the net proceeds for general corporate purposes, including repaying indebtedness, and the notes are not guaranteed by Brixmor Property Group Inc. or its subsidiaries.
Principal amount of $400 million; interest at 4.850% per year, paid semi-annually on February 15 and August 15, starting February 15, 2026
Notes mature February 15, 2033, and are redeemable before December 15, 2032 at a make-whole price
Indenture requires total unencumbered assets of at least 150% of total unsecured indebtedness
Wells Fargo Securities, BofA Securities, Mizuho Securities and Truist Securities served as underwriter representatives under an agreement dated September 4, 2025
Brixmor reported second-quarter 2025 net income attributable to the company of $85.1 million, or $0.28 per diluted share, up from $0.23 a year earlier. It also raised its 2025 Nareit FFO per diluted share expectation to $2.22 to $2.25 from $2.19 to $2.24, and its same property NOI growth expectation to 3.90% to 4.30% from 3.50% to 4.50%.
Q2 2025 Nareit FFO was $171.5 million, or $0.56 per diluted share, compared with $163.8 million, or $0.54, in Q2 2024.
Same property NOI rose 3.8% in the quarter versus the 2024 period.
The company completed a $223.0 million acquisition of LaCenterra At Cinco Ranch in Houston in July 2025.
Quarterly dividend declared at $0.2875 per share, payable October 15, 2025 to holders of record on October 2, 2025.
Brixmor Property Group reported first-quarter 2025 results on April 28, 2025. Net income attributable to the company fell from $88.9 million ($0.29 per diluted share) a year earlier to $69.7 million ($0.23), while Nareit FFO, a real estate industry measure, rose to $171.1 million ($0.56 per diluted share) from $163.4 million ($0.54). The company affirmed its 2025 Nareit FFO guidance of $2.19 to $2.24 per diluted share.
Net income attributable to Brixmor was $69.7 million, or $0.23 per diluted share, versus $88.9 million, or $0.29, in the first quarter of 2024.
Nareit FFO was $171.1 million, or $0.56 per diluted share, up from $163.4 million, or $0.54, a year earlier.
Same property NOI rose 2.8%, and 2025 Nareit FFO per diluted share guidance of $2.19 to $2.24 was affirmed.
The board declared a quarterly dividend of $0.2875 per share, payable July 15, 2025 to holders of record on July 2, 2025.
Brixmor Operating Partnership, an indirect subsidiary of Brixmor Property Group Inc., completed a $400 million offering of 5.200% senior notes maturing April 1, 2032, on March 4, 2025. The company says net proceeds may be used for general corporate purposes, including repaying borrowings under its unsecured revolving credit facility, and the notes are not guaranteed by the parent company.
Principal amount: $400 million of 5.200% senior notes due April 1, 2032, issued by the Operating Partnership
Interest is payable semi-annually on April 1 and October 1, starting October 1, 2025
Notes are unsecured and not guaranteed by Brixmor Property Group Inc. or its subsidiaries; the indenture requires total unencumbered assets of at least 150% of total unsecured indebtedness
Underwriters were J.P. Morgan Securities LLC, BMO Capital Markets Corp., RBC Capital Markets, LLC and U.S. Bancorp Investments, Inc., under an agreement dated February 27, 2025
Brixmor reported fourth-quarter 2024 net income attributable to the company of $83.4 million, or $0.27 per diluted share, up from $0.24 a year earlier, and full-year net income of $1.11 per diluted share, up from $1.01. It also gave 2025 guidance of Nareit FFO of $2.19 to $2.24 per diluted share, compared with $2.13 for 2024, and same property NOI growth of 3.50% to 4.50%.
Q4 2024 Nareit FFO was $161.4 million, or $0.53 per diluted share, versus $0.51 in Q4 2023; same property NOI rose 4.7%.
Full-year 2024 Nareit FFO was $647.9 million, or $2.13 per diluted share, versus $2.04 in 2023.
2025 guidance: Nareit FFO of $2.19 to $2.24 per diluted share and same property NOI growth of 3.50% to 4.50%.
Board declared a quarterly dividend of $0.2875 per share, payable April 15, 2025 to holders of record on April 2, 2025.
Brixmor Property Group amended the employment agreement of Mark T. Horgan, its Executive Vice President and Chief Investment Officer, on February 5, 2025. The amendment extends his employment term from May 20, 2025 to May 19, 2028 and raises the minimum base salary and annual equity compensation level. The filing gives no dollar figures for the new pay levels.
Amendment dated February 5, 2025, covers Mark T. Horgan, EVP and Chief Investment Officer
Employment term extended from May 20, 2025 to May 19, 2028
Minimum base salary and annual equity compensation level increased; specific amounts not disclosed in the filing
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