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About Brixmor Property Group
Industries
Real Estate
Company Size
201-500
Company Stage
IPO
Total Funding
$400M
Headquarters
New York City, New York
Founded
1985
Overview
Brixmor Property Group owns and operates around 360 retail centers across the United States, acting as important locations where retailers and communities interact. Their properties range from large shopping centers to smaller spaces available for lease or sale. The company aims to enhance underused assets by collaborating with businesses to create lively retail environments. Brixmor's business model includes acquiring, developing, and managing retail properties, generating revenue mainly through leasing spaces to various tenants, such as national retailers and local businesses. They offer flexible leasing options and focus on community engagement, making their properties appealing to a diverse clientele, including large chains and seasonal pop-up shops. Brixmor's goal is to promote sustainable growth and ensure that their retail centers remain valuable to both tenants and the communities they serve.
Simplify's Take
What believers are saying
- Moody's upgraded Brixmor's credit rating to 'Baa2', reflecting strong operating results.
- Brixmor's high occupancy rates indicate strong demand for its retail spaces.
- The trend of experiential retail aligns with Brixmor's strategy to enhance customer experience.
What critics are saying
- E-commerce growth challenges traditional retail, potentially impacting Brixmor's occupancy rates.
- Inflation may increase Brixmor's operating costs, affecting profitability.
- Remote work trends could reduce foot traffic in Brixmor's shopping centers.
What makes Brixmor Property Group unique
- Brixmor focuses on grocery-anchored centers, ensuring stable foot traffic and revenue.
- The company emphasizes community engagement, creating social hubs in retail spaces.
- Brixmor offers flexible leasing options, attracting diverse tenants including pop-up shops.
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Funding
Total Funding
$400M
Above
Industry Average
Funded Over
0 Rounds
Benefits
Paid parental leave
Medical/Rx/Vision coverage
Dental
Flexible spending accounts
401(k)
Life insurance
Service days
Education assistance
Company News
NEW YORK, Jan. 15, 2025 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today the tax reporting information for the 2024 distributions on its common stock. The tax reporting information as it will be reported on the Form 1099-DIV, on a per share basis, is as follows:. COMMON SHARES (NYSE: BRX); CUSIP # 11120U105
NEW YORK, Dec. 20, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today that Moody's Investor Services ("Moody's") raised its issuer credit ratings on Brixmor Property Group Inc. and the Company's operating partnership, Brixmor Operating Partnership LP, to 'Baa2' from 'Baa3', with a stable outlook.Moody's indicated in their announcement that this upgrade reflects the Company's consistently strong operating results, strong asset quality, and improved leverage ratios. Moody's also highlighted the Company's high-quality portfolio of predominantly grocery-anchored open-air shopping centers, which generate stable and durable cash flows."We are well positioned with excellent visibility on continued growth, reflecting the momentum and durability of our proven plan, the ongoing transformation of our portfolio, and our strong, flexible balance sheet. As we move forward, we are confident our leasing, reinvestment, and capital recycling efforts will continue to deliver strong operating fundamentals and substantial value creation," commented James Taylor, Chief Executive Officer.ABOUT BRIXMOR PROPERTY GROUPBrixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers
NEW YORK, Dec. 10, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) today announced that it will release its 2024 fourth quarter earnings on Monday, February 10, 2025 after the market close. Brixmor will host a teleconference on Tuesday, February 11, 2025 at 10:00 AM ET. Event: Brixmor Property Group's Fourth Quarter Earnings Results. When: 10:00 AM ET, Tuesday, February 11, 2025
Brixmor is developing the Block 59 project off Route 59 near Aurora Avenue.
NEW YORK, Aug. 29, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) today announced that the Company will present at the BofA Securities 2024 Global Real Estate Conference on Tuesday, September 10, 2024 from 3:00 PM ET to 3:35 PM ET.Event: Brixmor Property Group Presentation at the BofA Securities 2024 Global Real Estate ConferenceWhen: 3:00 PM ET, Tuesday, September 10, 2024Live Webcast: BofA Securities 2024 Global Real Estate Conference under the Investors tab at www.brixmor.comA replay of the webcast will be available through September 12, 2025.Connect With BrixmorFor additional information, please visit https://www.brixmor.com;Follow Brixmor on: LinkedIn at https://www.linkedin.com/company/brixmor Facebook at https://www.facebook.com/Brixmor Instagram at https://www.instagram.com/brixmorpropertygroup; and YouTube at https://www.youtube.com/user/Brixmor.About Brixmor Property GroupBrixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 360 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to over 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets and Ross Stores.Brixmor announces material information to its investors in SEC filings and press releases and on public conference calls, webcasts and the "Investors" page of its website at https://www.brixmor.com
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About Brixmor Property Group
Industries
Real Estate
Company Size
201-500
Company Stage
IPO
Total Funding
$400M
Headquarters
New York City, New York
Founded
1985
There are no jobs for Brixmor Property Group right now.
Find jobs on Simplify and start your career today