Brixmor Property Group Reports Record Occupancy and Raises 2026 Guidance
Brixmor Property Group (BRX) reported strong third-quarter 2026 results, characterized by record total leased occupancy of 95.6% and a 7% increase in REIT FFO to $0.60 per diluted share. The company's growth was primarily driven by significant rent spreads—42.6% on new leases—and high demand for grocery-anchored retail locations. Driven by these robust results, management raised its full-year 2026 guidance for both FFO and same-property Net Operating Income (NOI). Looking ahead, Brixmor is positioned for continued expansion through a $331.8 million reinvestment pipeline and the upcoming acquisition of Slate Grocery REIT, expected to close in Q1 2027. While management cautioned that fourth-quarter growth might moderate due to year-over-year comparison headwinds regarding ancillary income, the company maintains strong liquidity with $1.5 billion available.
Topics: Acquisitions Dividend increase FFO growth Guidance raise Occupancy rates
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Part of the story Sigma Foods Reports Record 3Q26 EBITDA and Raises Full-Year Guidance (21 articles)