Brixmor Raises 2026 Guidance Following Strong Third Quarter Earnings
Brixmor Property Group (BRX) has raised its full-year 2026 earnings and same-property income guidance following a strong third quarter. The retail landlord reported a 7% year-over-year increase in Funds From Operations (FFO), driven by significant rent growth. New lease spreads reached 43%, with anchor tenant spreads exceeding 70%, signaling high demand for suburban shopping center space. The company is aggressively reinvesting capital into outparcel redevelopment projects, totaling $322 million with an expected 10% return. Brixmor maintains a robust liquidity position of $1.5 billion to support these developments and upcoming transactions. Management expects continued cash flow visibility as approximately $55 million in new rent is scheduled to commence in late 2026.
Tickers: $BRX
Topics: earnings guidance FFO growth real estate retail REIT