(BRX) Brixmor Property - NYSE
Sector: Real Estate | Industry: REIT - Retail | Exchange: NYSE (USA) | Market Cap: 9.874m USD | Total Return: 33.4% in 12m
Avg Turnover: 73.6M
EPS Trend: 37.7%
Qual. Beats: 0
Rev. Trend: 97.6%
Qual. Beats: 6
Warnings
Beneish M-Score 1.00 > -1.5 - likely earnings manipulation
Altman Z'' 1.00 < 1.0 - financial distress zone
Extended 1w
Tailwinds
No distinct edge detected
Brixmor Property Group Inc. (NYSE: BRX) is a Maryland-incorporated real estate investment trust (REIT) specializing in the ownership and management of open-air shopping centers. The company’s portfolio includes 354 retail centers totaling approximately 63 million square feet of space across established United States trade areas. Its tenant base consists of over 5,000 national, regional, and local retailers, with major anchors including The TJX Companies, Kroger, Publix, and Ross Stores.
As a Retail REIT, Brixmor operates under a business model focused on generating rental income from multi-tenant properties, often anchored by grocery stores or discount retailers to drive consistent consumer foot traffic. This sector typically utilizes triple-net leases or similar structures to pass a portion of operating expenses, such as taxes and insurance, directly to tenants. Investors can find further historical performance data and valuation metrics on ValueRay.
- Value-add redevelopment projects drive net operating income growth and asset appreciation
- High anchor occupancy rates with grocer-heavy tenants ensure stable recurring rental revenue
- Mark-to-market rent spreads on expiring leases increase portfolio-wide cash flow margins
- Rising interest rates impact refinancing costs and weighted average cost of capital
- Consumer spending shifts toward off-price and essential retail bolster tenant sales performance
| Net Income: 444.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -0.00 > 1.0 |
| NWC/Revenue: 10.16% < 20% (prev -48.09%; Δ 58.24% < -1%) |
| CFO/TA 0.07 > 3% & CFO 663.1m > Net Income 444.2m |
| Net Debt (5.37b) to EBITDA (1.09b): 4.92 < 3 |
| Current Ratio: 1.23 > 1.5 & < 3 |
| Outstanding Shares: last quarter (307.7m) vs 12m ago 0.14% < -2% |
| Gross Margin: 60.10% > 18% (prev 75.22%; Δ -15.12% > 0.5%) |
| Asset Turnover: 15.70% > 50% (prev 15.15%; Δ 0.54% > 0%) |
| Interest Coverage Ratio: 2.93 > 6 (EBIT TTM 674.3m / Interest Expense TTM 230.0m) |
| A: 0.02 (Total Current Assets 753.1m - Total Current Liabilities 612.0m) / Total Assets 9.10b |
| B: -0.04 (Retained Earnings -399.9m / Total Assets 9.10b) |
| C: 0.08 (EBIT TTM 674.3m / Avg Total Assets 8.85b) |
| D: 0.50 (Book Value of Equity 3.04b / Total Liabilities 6.07b) |
| Altman-Z'' = 1.00 = BB |
| DSRI: 1.04 (Receivables 302.8m/274.1m, Revenue 1.39b/1.30b) |
| GMI: 1.25 (GM 75.22% / 60.10%) |
| AQI: 27.57 (AQ_t 0.91 / AQ_t-1 0.03) |
| SGI: 1.07 (Revenue 1.39b / 1.30b) |
| TATA: -0.02 (NI 444.2m - CFO 663.1m) / TA 9.10b) |
| Beneish M = 13.03 (Cap -4..+1) = D |
As of June 15, 2026, the stock is trading at USD 32.58 with a total of 2,021,236 shares traded.
Over the past week, the price has changed by +5.16%,
over one month by +10.48%,
over three months by +9.88% and
over the past year by +33.41%.
Brixmor Property has received a consensus analysts rating of 4.28. Therefore, it is recommended to buy BRX.
- StrongBuy: 9
- Buy: 5
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 33.3 | 2.3% |
P/E Trailing = 22.5035
P/E Forward = 27.8552
P/S = 7.1092
P/B = 3.2516
P/EG = 1.68
Revenue TTM = 1.39b USD
EBIT TTM = 674.3m USD
EBITDA TTM = 1.09b USD
Long Term Debt = 5.01b USD (from longTermDebt, last quarter)
Short Term Debt = 612.0m USD (from shortTermDebt, last quarter)
Debt = 5.72b USD (from shortLongTermDebtTotal, last quarter) + Leases 33.7m
Net Debt = 5.37b USD (calculated: Debt 5.72b - CCE 344.4m)
Enterprise Value = 15.2b USD (9.87b + Debt 5.72b - CCE 344.4m)
Interest Coverage Ratio = 2.93 (Ebit TTM 674.3m / Interest Expense TTM 230.0m)
EV/FCF = 22.99x (Enterprise Value 15.2b / FCF TTM 663.1m)
FCF Yield = 4.35% (FCF TTM 663.1m / Enterprise Value 15.2b)
FCF Margin = 47.74% (FCF TTM 663.1m / Revenue TTM 1.39b)
Net Margin = 31.99% (Net Income TTM 444.2m / Revenue TTM 1.39b)
Gross Margin = 60.10% ((Revenue TTM 1.39b - Cost of Revenue TTM 554.1m) / Revenue TTM)
Gross Margin QoQ = 16.09% (prev 74.95%)
Tobins Q-Ratio = 1.67 (Enterprise Value 15.2b / Total Assets 9.10b)
Interest Expense / Debt = 4.02% (Interest Expense 230.0m / Debt 5.72b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 532.7m (EBIT 674.3m * (1 - 21.00%))
Current Ratio = 1.23 (Total Current Assets 753.1m / Total Current Liabilities 612.0m)
Debt / Equity = 1.88 (Debt 5.72b / totalStockholderEquity, last quarter 3.04b)
Debt / EBITDA = 4.92 (Net Debt 5.37b / EBITDA 1.09b)
Debt / FCF = 8.10 (Net Debt 5.37b / FCF TTM 663.1m)
Total Stockholder Equity = 2.99b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.02% (Net Income 444.2m / Total Assets 9.10b)
RoE = 14.86% (Net Income TTM 444.2m / Total Stockholder Equity 2.99b)
RoCE = 8.43% (EBIT 674.3m / Capital Employed (Equity 2.99b + L.T.Debt 5.01b))
RoIC = 5.90% (NOPAT 532.7m / Invested Capital 9.03b)
WACC = 5.54% (E(9.87b)/V(15.6b) * Re(6.91%) + D(5.72b)/V(15.6b) * Rd(4.02%) * (1-Tc(0.21)))
Discount Rate = 6.91% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.67 | Cagr: 1.04%
[DCF] Terminal Value 76.19% ; FCFF base≈648.4m ; Y1≈682.8m ; Y5≈795.6m
[DCF] Fair Price = 22.42 (EV 12.3b - Net Debt 5.37b = Equity 6.88b / Shares 306.8m; r=8.35% [WACC [floored]]; 5y FCF grow 5.88% → 2.50% )
EPS Correlation: 37.73 | EPS CAGR: 1.76% | SUE: 0.0 | # QB: 0
Revenue Correlation: 97.58 | Revenue CAGR: 4.52% | SUE: 1.48 | # QB: 6
EPS current Quarter (2026-06-30): EPS=0.24 | Chg30d=-1.30% | Revisions=-20% | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.25 | Chg30d=-0.12% | Revisions=-20% | Analysts=5
EPS current Year (2026-12-31): EPS=1.13 | Chg30d=+12.83% | Revisions=+14% | GrowthEPS=+22.9% | GrowthRev=+3.8%
EPS next Year (2027-12-31): EPS=1.11 | Chg30d=+1.10% | Revisions=-14% | GrowthEPS=-2.3% | GrowthRev=+5.3%
[Analyst] Revisions Ratio: -20%