• Brixmor Property Group discussed 1Q 2026 results on its earnings conference call attended by CEO and President Brian Finnegan, CFO and Treasurer Steve Gallagher, Chief Investment Officer Mark Horgan, and EVP of Investor Relations, Capital Markets & Corporate Strategy Stacy Slater.
• Same property NOI rose 6.4%, NAREIT FFO came in at $0.58 per share; management lifted full-year same property NOI growth guidance to 4.75%-5.5% and FFO guidance to $2.34-$2.37 per share.
• Leasing totaled 1.3 million square feet with blended cash spread of 27%; leased occupancy ended at 95.1% with management flagging a modest 2Q occupancy headwind from box recaptures, then a return to growth in 2H.
• Signed-but-not-commenced pipeline rose to $67 million, with about $38 million expected to commence ratably through 2026; management said the leased-versus-billed occupancy gap could stay wider due to larger commencements pushed into 2027.
• Capital allocation focused on reinvestment pipeline of $302 million at 10% average incremental return; asset sales totaled $108 million, forward ATM raised $116 million, liquidity stood at $1.8 billion, debt to EBITDA was 5.3x.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brixmor Property Group Inc. published the original content used to generate this news brief on May 04, 2026, and is solely responsible for the information contained therein.