Published on 30 Oct 2023 on GuruFocus.com via Yahoo Finance
Brixmor Property Group Inc (BRX) Reports Q3 2023 Earnings
Net income for Q3 2023 was $0.21 per diluted share, down from $0.26 per diluted share in Q3 2022.Executed 1.7 million square feet of new and renewal leases, with rent spreads on comparable space of 22.3%.Reported an increase in same property NOI of 4.8%, contributing to a base rent of 400 basis points.Updated NAREIT FFO per diluted share expectations for 2023 to $2.02 - $2.04 from $1.99 - $2.04.
Warning! GuruFocus has detected 8 Warning Signs with BRX.
On October 30, 2023, Brixmor Property Group Inc (NYSE:BRX) released its operating results for the third quarter of 2023. The company reported a net income of $0.21 per diluted share for Q3 2023, a decrease from $0.26 per diluted share in the same period last year.