Brixmor Property (BRX)

Company Profile

Brixmor is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 393 retail centers comprise approximately 69 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision 'to be the center of the communities it serves' and is home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to approximately 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets, Wal-Mart, Ross Stores and L.A. Fitness.

Company profile

Ticker

BRX

Exchange

NYSE

Website

www.brixmor.com

CEO

James Taylor

Incorporated

Delaware

Location

New York

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • Simon Property • Prologis • VEREIT • ARMOUR Residential REIT • Vornado Realty Trust • Welltower • Healthpeak Properties • Ventas ...

SEC CIK

0001581068

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Arapahoe Crossings, L.P. • Berkshire Crossing Shopping Center, LLC • BPG Sub LLC • BPG Sub TRS LLC • Bradley Financing LLC • Bradley Financing Partnership • Bradley Operating LLC • BRE Mariner Belfair II LLC • BRE Mariner Belfair Town Village LLC • BRE Mariner Carrollwood LLC ...

IRS number

452433192

BRX stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

View all

ARS

2022 FY

Annual report to shareholders

14 Mar 23

DEFA14A

Additional proxy soliciting materials

14 Mar 23

13 Feb 23

Brixmor Property Group Reports Fourth Quarter and Full Year 2022 Results

13 Feb 23

8-K

Brixmor Property Group Announces Retirement of John G. Schreiber from the Board of Directors

3 Feb 23

424B5

Prospectus supplement for primary offering

1 Nov 22

424B5

Prospectus supplement for primary offering

1 Nov 22

S-3ASR

Automatic shelf registration

1 Nov 22

Transcripts

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BRX

Earnings call transcript

2022 Q3

2 Nov 22

BRX

Earnings call transcript

2020 Q2

4 Aug 20

BRX

Earnings call transcript

2020 Q1

8 May 20

BRX

Earnings call transcript

2019 Q4

11 Feb 20

BRX

Earnings call transcript

2019 Q3

29 Oct 19

BRX

Earnings call transcript

2019 Q2

30 Jul 19

BRX

Earnings call transcript

2019 Q1

30 Apr 19

BRX

Earnings call transcript

2018 Q4

12 Feb 19

BRX

Earnings call transcript

2018 Q3

30 Oct 18

BRX

Earnings call transcript

2018 Q2

31 Jul 18

Latest ownership filings

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WELLINGTON MANAGEMENT GROUP LLP

Financial summary

Financial statements Chart BRX financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	21.26 mm	21.26 mm	21.26 mm	21.26 mm	21.26 mm	21.26 mm
Cash burn (monthly)	3.33 mm	23.04 mm	135.49 mm	129.91 mm	(no burn)	(no burn)
Cash used (since last report)	9.26 mm	64.08 mm	376.84 mm	361.34 mm	n/a	n/a
Cash remaining	11.99 mm	-42.83 mm	-355.59 mm	-340.08 mm	n/a	n/a
Runway (months of cash)	3.6	-1.9	-2.6	-2.6	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

BRX institutional ownership history Ownership history

34.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	290	288	+0.7%
Opened positions	45	25	+80.0%
Closed positions	43	35	+22.9%
Increased positions	111	106	+4.7%
Reduced positions	106	123	-13.8%

13F shares	Current	Prev Q	Change
Total value	6.45 tn	5.00 bn	+128969.8%
Total shares	287.70 mm	270.76 mm	+6.3%
Total puts	8.60 k	185.10 k	-95.4%
Total calls	56.10 k	36.40 k	+54.1%
Total put/call ratio	0.2	5.1	-97.0%

Largest owners	Shares	Value	Change
Vanguard	45.89 mm	$1.04 tn	+0.8%
BLK Blackrock	36.25 mm	$821.81 bn	+3.4%
STT State Street	16.84 mm	$381.69 bn	NEW
Wellington Management	16.16 mm	$366.36 bn	-10.3%
Massachusetts Financial Services	12.72 mm	$288.30 bn	+2.8%
JPM JPMorgan Chase & Co.	12.05 mm	$273.00 bn	-3.2%
BEN Franklin Resources	10.67 mm	$241.78 bn	+177.5%
IVZ Invesco	9.28 mm	$210.39 bn	+5.3%
Centersquare Investment Management	8.04 mm	$182.33 bn	-28.9%
Geode Capital Management	4.66 mm	$105.61 bn	+3.8%

Largest transactions	Shares	Bought/sold	Change
STT State Street	16.84 mm	+16.84 mm	NEW
BEN Franklin Resources	10.67 mm	+6.82 mm	+177.5%
Fuller & Thaler Asset Management	301.27 k	-5.68 mm	-95.0%
Centersquare Investment Management	8.04 mm	-3.27 mm	-28.9%
JHG Janus Henderson	3.19 mm	+3.14 mm	+5873.8%
Norges Bank	2.96 mm	+2.96 mm	NEW
Waterfront Capital Partners	0.00	-2.35 mm	EXIT
Balyasny Asset Management	0.00	-2.05 mm	EXIT
Wellington Management	16.16 mm	-1.86 mm	-10.3%
Cbre Clarion Securities	1.48 mm	+1.27 mm	+590.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

BRX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
15 Feb 23	Aman Angela M	Common Stock	Sell	Dispose S	No	Yes	23.04	12,500	288.00 k	162,054
1 Feb 23	Taylor James M Jr	Common Stock	Payment of exercise	Dispose F	No	No	23.66	3,898	92.23 k	653,259
1 Feb 23	Taylor James M Jr	Common Stock	Grant	Acquire A	No	No	0	7,637	0.00	657,157
1 Feb 23	Taylor James M Jr	Common Stock	Payment of exercise	Dispose F	No	No	23.66	46,787	1.11 mm	649,520
1 Feb 23	Taylor James M Jr	Common Stock	Grant	Acquire A	No	No	0	91,650	0.00	696,307
1 Feb 23	Taylor James M Jr	RSU Common Stock	Option exercise	Acquire M	No	No	0	7,638	0.00	7,638
1 Feb 23	Taylor James M Jr	RSU Common Stock	Option exercise	Acquire M	No	No	0	67,625	0.00	67,625
1 Feb 23	Taylor James M Jr	RSU Common Stock	Option exercise	Acquire M	No	No	0	91,648	0.00	91,648
1 Feb 23	Steven T Gallagher	RSU Common Stock	Grant	Acquire A	No	No	0	4,227	0.00	4,227
1 Feb 23	Brian T Finnegan	Common Stock	Payment of exercise	Dispose F	No	No	23.66	1,299	30.73 k	194,373