Corrects Q4 Revenue figure to $353.75 mln and Q4 Nareit FFO to $178.43 mln in Key Details table; corrects headline, first bullet of Overview and Key Details to say revenue beat estimates

Overview

• Real estate investment trust's Q4 revenue beat analyst expectations

• Net income for Q4 increased compared to last year

• Company renewed $400 mln share repurchase and ATM equity offering programs

Outlook

• Company expects 2026 NAREIT FFO per diluted share of $2.33 - $2.37

• Brixmor anticipates same property NOI growth of 4.50% - 5.50% in 2026

• Company expects revenues deemed uncollectible to total 75 - 100 bps in 2026

Result Drivers

• RECORD LEASING ACTIVITY - Executed 1.5 mln sq ft of new and renewal leases in Q4, with rent spreads on comparable space of 24.2%

• OCCUPANCY GAINS - Achieved record small shop occupancy of 92.2% and increased total leased occupancy to 95.1%

• SAME PROPERTY NOI INCREASE - Reported a 6.0% increase in same property NOI, with a significant contribution from base rent

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Revenue	Beat	$353.75 mln	$348.72 mln (9 Analysts)
Q4 Net Income		$137.13 mln
Q4 Nareit FFO		$178.43 mln

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the commercial reits peer group is "buy"

• Wall Street's median 12-month price target for Brixmor Property Group Inc is $30.50, about 7.7% above its February 6 closing price of $28.32

• The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release: ID:nPn60mKbva

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