Key Points – Brixmor reported solid second-quarter performance, including 5.8% same-property NOI growth, $0.58 in Nareit FFO per share, record small-shop occupancy of 92.6%, and a record $71 million signed-but-not-yet-commenced rent pipeline. – The company raised its 2026…
idance, now expecting same-property NOI growth of 5%–5.75% and FFO of $2.35–$2.37 per share, supported by strong leasing spreads, tenant demand and improved collections. – Brixmor is expanding through reinvestment and selective acquisitions, with nearly $350 million of active projects, a $700 million-plus future pipeline and four grocery-anchored properties acquired for $164 million; leverage ended the quarter at 5.3 times with $1.5 billion of liquidity. Brixmor Property Group (NYSE:BRX) reported second-quarter results marked by 5.8% same-property net operating income growth, record small-shop occupancy and a record pipeline of signed leases that have not yet commenced
The shopping center REIT raised its 2026 outlook for same-property NOI and funds from operations, citing tenant demand, lease commencements and portfolio reinvestment activity. Chief Executive Officer and President Brian Finnegan opened the call by recognizing the death of Jim Taylor, describing his impact on Brixmor and its culture as significant. Finnegan said Taylor’s values of “humility, integrity, and purpose” remain embedded in the company.
For the quarter, Brixmor generated Nareit FFO of $0.58 per share. The company said results benefited from underlying property performance but were partly offset by lower non-cash rental income from straight-line rent reversals associated with the bankruptcies of Wren Kitchens and Painted Tree Boutiques. Leasing Activity and Occupancy Finnegan said the company executed 1.4 million square feet of new and renewal leases during the quarter at a blended cash leasing spread of 19%.