Brixmor Property Group Reports Strong Q2 Results and Raises 2026 Outlook
Brixmor Property Group Inc. (NYSE: BRX) reported strong second-quarter results for fiscal year 2026, highlighting continued operational strength with record small shop occupancy of 92.6% and a record $71.2 million in signed but not yet commenced annualized base rent across 3.1 million square feet. The company executed new and renewal leases on 1.4 million square feet at an average rent spread of 19.1%, with notable performance from both new (31.3%) and renewal (15.5%) lease spreads. Brixmor also reported a 5.8% increase in same property NOI for the quarter, driven by strong leasing activity and reinvestment projects that stabilized at an average incremental NOI yield of 11%. The company updated its full-year Nareit FFO guidance to $2.35–$2.37 per diluted share from $2.34–$2.37 and raised same property NOI growth expectations to 5.0%–5.75%, up from 4.75%–5.50%. The Board also declared a quarterly dividend of $0.3075 per common share, payable in October.
