Brixmor Property (BRX) 10-Q 4 Nov 20 2020 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2020	Oct. 01, 2020
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	001-36160
Entity Registrant Name	Brixmor Property Group Inc.
Entity Central Index Key	0001581068
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	45-2433192
Entity Address, Address Line One	450 Lexington Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10017
City Area Code	212
Local Phone Number	869-3000
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	BRX
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		296,482,211
Brixmor Operating Partnership LP [Member]
Entity Information [Line Items]
Document Type	10-Q
Document Period End Date	Sep. 30, 2020
Entity File Number	333-201464-01
Entity Registrant Name	Brixmor Operating Partnership LP
Entity Central Index Key	0001630031
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	80-0831163
No Trading Symbol Flag	true
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Real estate
Land	$ 1,754,708	$ 1,767,029
Buildings and improvements	8,432,594	8,356,571
Real estate, gross	10,187,302	10,123,600
Accumulated depreciation and amortization	(2,623,144)	(2,481,250)
Real estate, net	7,564,158	7,642,350
Cash and cash equivalents	609,812	19,097
Restricted cash	1,408	2,426
Marketable securities	19,987	18,054
Receivables, net	246,295	234,246
Deferred charges and prepaid expenses, net	146,911	143,973
Real estate assets held for sale	0	22,171
Other assets	51,590	60,179
Total assets	8,640,161	8,142,496
Liabilities
Debt obligations, net	5,481,660	4,861,185
Accounts payable, accrued expenses and other liabilities	444,610	537,454
Total liabilities	5,926,270	5,398,639
Commitments and contingencies (Note 15)	0	0
Equity
Common stock	2,965	2,979
Additional paid-in capital	3,210,579	3,230,625
Accumulated other comprehensive loss	(31,197)	(9,543)
Distributions in excess of net income	(468,456)	(480,204)
Total equity	2,713,891	2,743,857
Total liabilities and equity	8,640,161	8,142,496
Brixmor Operating Partnership LP
Real estate
Land	1,754,708	1,767,029
Buildings and improvements	8,432,594	8,356,571
Real estate, gross	10,187,302	10,123,600
Accumulated depreciation and amortization	(2,623,144)	(2,481,250)
Real estate, net	7,564,158	7,642,350
Cash and cash equivalents	599,798	19,081
Restricted cash	1,408	2,426
Marketable securities	19,987	18,054
Receivables, net	246,295	234,246
Deferred charges and prepaid expenses, net	146,911	143,973
Real estate assets held for sale	0	22,171
Other assets	51,590	60,179
Total assets	8,630,147	8,142,480
Liabilities
Debt obligations, net	5,481,660	4,861,185
Accounts payable, accrued expenses and other liabilities	444,610	537,454
Total liabilities	5,926,270	5,398,639
Commitments and contingencies (Note 15)	0	0
Equity
Common stock	2,735,075	2,753,385
Accumulated other comprehensive loss	(31,198)	(9,544)
Total equity	2,703,877	2,743,841
Total liabilities and equity	$ 8,630,147	$ 8,142,480

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2020	Dec. 31, 2019
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	3,000,000,000	3,000,000,000
Common stock, shares issued	305,609,203	305,334,144
Common stock, shares outstanding	296,482,211	297,857,267
Brixmor Operating Partnership LP
Common stock, shares issued	305,609,203	305,334,144
Common stock, shares outstanding	296,482,211	297,857,267

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues
Rental income	$ 253,799	$ 292,732	$ 781,635	$ 873,424
Other revenues	136	233	2,221	1,685
Total revenues	253,935	292,965	783,856	875,109
Operating expenses
Operating costs	24,794	29,573	80,286	90,138
Real estate taxes	42,124	43,688	126,796	130,203
Depreciation and amortization	87,488	82,837	251,334	249,825
Impairment of real estate assets	5,746	8,170	16,306	17,468
General and administrative	27,748	24,550	74,781	75,168
Total operating expenses	187,900	188,818	549,503	562,802
Other income (expense)
Dividends and interest	109	128	335	575
Interest expense	(50,991)	(47,698)	(148,197)	(142,839)
Gain on sale of real estate assets	13,621	25,621	23,218	46,266
Loss on extinguishment of debt, net	(50)	(943)	(10,441)	(1,620)
Other	(780)	(401)	(2,499)	(1,975)
Total other expense	(38,091)	(23,293)	(137,584)	(99,593)
Net income	$ 27,944	$ 80,854	$ 96,769	$ 212,714
Earnings Per Share [Abstract]
Basic (usd per share)	$ 0.09	$ 0.27	$ 0.32	$ 0.71
Diluted (usd per share)	$ 0.09	$ 0.27	$ 0.32	$ 0.71
Weighted average shares:
Basic (in shares)	296,562	298,031	296,982	298,257
Diluted (in shares)	296,862	298,879	297,317	298,927
Brixmor Operating Partnership LP
Revenues
Rental income	$ 253,799	$ 292,732	$ 781,635	$ 873,424
Other revenues	136	233	2,221	1,685
Total revenues	253,935	292,965	783,856	875,109
Operating expenses
Operating costs	24,794	29,573	80,286	90,138
Real estate taxes	42,124	43,688	126,796	130,203
Depreciation and amortization	87,488	82,837	251,334	249,825
Impairment of real estate assets	5,746	8,170	16,306	17,468
General and administrative	27,748	24,550	74,781	75,168
Total operating expenses	187,900	188,818	549,503	562,802
Other income (expense)
Dividends and interest	109	128	335	575
Interest expense	(50,991)	(47,698)	(148,197)	(142,839)
Gain on sale of real estate assets	13,621	25,621	23,218	46,266
Loss on extinguishment of debt, net	(50)	(943)	(10,441)	(1,620)
Other	(780)	(401)	(2,499)	(1,975)
Total other expense	(38,091)	(23,293)	(137,584)	(99,593)
Net income	$ 27,944	$ 80,854	$ 96,769	$ 212,714
Earnings Per Share [Abstract]
Basic (usd per share)	$ 0.09	$ 0.27	$ 0.32	$ 0.71
Diluted (usd per share)	$ 0.09	$ 0.27	$ 0.32	$ 0.71
Weighted average shares:
Basic (in shares)	296,562	298,031	296,982	298,257
Diluted (in shares)	296,862	298,879	297,317	298,927

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Net income	$ 27,944	$ 80,854	$ 96,769	$ 212,714
Other comprehensive income (loss)
Change in unrealized gain (loss) on interest rate swaps, net (Note 6)	2,928	(5,332)	(21,785)	(29,373)
Change in unrealized gain (loss) on marketable securities	(64)	12	131	193
Total other comprehensive income (loss)	2,864	(5,320)	(21,654)	(29,180)
Comprehensive income	30,808	75,534	75,115	183,534
Brixmor Operating Partnership LP
Net income	27,944	80,854	96,769	212,714
Other comprehensive income (loss)
Change in unrealized gain (loss) on interest rate swaps, net (Note 6)	2,928	(5,332)	(21,785)	(29,373)
Change in unrealized gain (loss) on marketable securities	(64)	11	131	191
Total other comprehensive income (loss)	2,864	(5,321)	(21,654)	(29,182)
Comprehensive income	$ 30,808	$ 75,533	$ 75,115	$ 183,532

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Brixmor Operating Partnership LP	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, AdjustmentBrixmor Operating Partnership LP	Common Stock	Common StockBrixmor Operating Partnership LP	Common StockCumulative Effect, Period of Adoption, AdjustmentBrixmor Operating Partnership LP	Additional Paid-in Capital	Additional Paid-in CapitalBrixmor Operating Partnership LP	Accumulated Other Comprehensive Income (Loss)	Distributions in Excess of Net Income	Distributions in Excess of Net IncomeCumulative Effect, Period of Adoption, Adjustment
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201602Member
Beginning balance (in shares) at Dec. 31, 2018					298,489
Beginning balance at Dec. 31, 2018	$ 2,836,099	$ 2,835,753	$ (1,974)	$ (1,974)	$ 2,985	$ 2,819,770	$ (1,974)	$ 3,233,329	$ 15,983	$ 15,973	$ (416,188)	$ (1,974)
Increase (Decrease) in Equity [Roll Forward]
Common stock dividends	(83,839)	(83,964)				(83,964)					(83,839)
Equity based compensation expense	2,641	2,641				2,641		2,641
Other comprehensive income (loss)	(9,925)	(9,925)							(9,925)	(9,925)
Issuance of common stock and OP Units (in shares)					158
Issuance of common stock and OP Units	2	2			$ 2	2
Repurchase of common stock (in shares)					(660)
Repurchases of common stock	(11,586)	(11,586)			$ (7)	(11,586)		(11,579)
Share-based awards retained for taxes	(1,547)	(1,547)				(1,547)		(1,547)
Net income	62,900	62,900				62,900					62,900
Ending balance (in shares) at Mar. 31, 2019					297,987
Ending balance at Mar. 31, 2019	2,792,771	2,792,300			$ 2,980	2,786,242		3,222,844	6,058	6,048	(439,101)
Beginning balance (in shares) at Dec. 31, 2018					298,489
Beginning balance at Dec. 31, 2018	2,836,099	2,835,753	$ (1,974)	$ (1,974)	$ 2,985	2,819,770	$ (1,974)	3,233,329	15,983	15,973	(416,188)	$ (1,974)
Increase (Decrease) in Equity [Roll Forward]
Other comprehensive income (loss)	(29,180)	(29,182)
Net income	212,714	212,714
Ending balance (in shares) at Sep. 30, 2019					297,846
Ending balance at Sep. 30, 2019	2,759,363	2,759,122			$ 2,978	2,772,321		3,226,531	(13,199)	(13,207)	(456,939)
Beginning balance (in shares) at Mar. 31, 2019					297,987
Beginning balance at Mar. 31, 2019	2,792,771	2,792,300			$ 2,980	2,786,242		3,222,844	6,058	6,048	(439,101)
Increase (Decrease) in Equity [Roll Forward]
Common stock dividends	(83,827)	(83,597)				(83,597)					(83,827)
Equity based compensation expense	3,353	3,353				3,353		3,353
Other comprehensive income (loss)	(13,935)	(13,936)							(13,936)	(13,935)
Issuance of common stock and OP Units (in shares)					34
Issuance of common stock and OP Units	0	0			$ 0	0
Repurchase of common stock (in shares)					(175)
Repurchases of common stock	(2,977)	(2,977)			$ (2)	(2,977)		(2,975)
Share-based awards retained for taxes	(164)	(164)				(164)		(164)
Net income	68,960	68,960				68,960					68,960
Ending balance (in shares) at Jun. 30, 2019					297,846
Ending balance at Jun. 30, 2019	2,764,181	2,763,939			$ 2,978	2,771,817		3,223,058	(7,878)	(7,887)	(453,968)
Increase (Decrease) in Equity [Roll Forward]
Common stock dividends	(83,825)	(83,823)				(83,823)					(83,825)
Equity based compensation expense	3,473	3,473				3,473		3,473
Other comprehensive income (loss)	(5,320)	(5,321)							(5,321)	(5,320)
Net income	80,854	80,854				80,854					80,854
Ending balance (in shares) at Sep. 30, 2019					297,846
Ending balance at Sep. 30, 2019	2,759,363	2,759,122			$ 2,978	2,772,321		3,226,531	(13,199)	(13,207)	(456,939)
Beginning balance (in shares) at Dec. 31, 2019					297,857
Beginning balance at Dec. 31, 2019	2,743,857	2,743,841			$ 2,979	2,753,385		3,230,625	(9,544)	(9,543)	(480,204)
Increase (Decrease) in Equity [Roll Forward]
Common stock dividends	(85,018)	(85,017)				(85,017)					(85,018)
Equity based compensation expense	2,842	2,842				2,842		2,842
Other comprehensive income (loss)	(23,699)	(23,699)							(23,699)	(23,699)
Issuance of common stock and OP Units (in shares)					242
Issuance of common stock and OP Units	2	2			$ 2	2
Repurchase of common stock (in shares)					(1,650)
Repurchases of common stock	(25,007)	(25,007)			$ (17)	(25,007)		(24,990)
Share-based awards retained for taxes	(3,405)	(3,405)				(3,405)		(3,405)
Net income	59,781	59,781				59,781					59,781
Ending balance (in shares) at Mar. 31, 2020					296,449
Ending balance at Mar. 31, 2020	2,669,353	2,669,338			$ 2,964	2,702,581		3,205,072	(33,243)	(33,242)	(505,441)
Beginning balance (in shares) at Dec. 31, 2019					297,857
Beginning balance at Dec. 31, 2019	2,743,857	2,743,841			$ 2,979	2,753,385		3,230,625	(9,544)	(9,543)	(480,204)
Increase (Decrease) in Equity [Roll Forward]
Other comprehensive income (loss)	(21,654)	(21,654)
Net income	96,769	96,769
Ending balance (in shares) at Sep. 30, 2020					296,482
Ending balance at Sep. 30, 2020	2,713,891	2,703,877			$ 2,965	2,735,075		3,210,579	(31,198)	(31,197)	(468,456)
Beginning balance (in shares) at Mar. 31, 2020					296,449
Beginning balance at Mar. 31, 2020	2,669,353	2,669,338			$ 2,964	2,702,581		3,205,072	(33,243)	(33,242)	(505,441)
Increase (Decrease) in Equity [Roll Forward]
Common stock dividends	(3)	(10,002)				(10,002)					(3)
Equity based compensation expense	2,162	2,162				2,162		2,162
Other comprehensive income (loss)	(819)	(819)							(819)	(819)
Issuance of common stock and OP Units (in shares)					32
Issuance of common stock and OP Units	1	1			$ 1	1
Share-based awards retained for taxes	(118)	(118)				(118)		(118)
Net income	9,044	9,044				9,044					9,044
Ending balance (in shares) at Jun. 30, 2020					296,481
Ending balance at Jun. 30, 2020	2,679,620	2,669,606			$ 2,965	2,703,668		3,207,116	(34,062)	(34,061)	(496,400)
Increase (Decrease) in Equity [Roll Forward]
Equity based compensation expense	3,468	3,468				3,468		3,468
Other comprehensive income (loss)	2,864	2,864							2,864	2,864
Issuance of common stock and OP Units (in shares)					1
Issuance of common stock and OP Units	0	0			$ 0	0
Share-based awards retained for taxes	(5)	(5)				(5)		(5)
Net income	27,944	27,944				27,944					27,944
Ending balance (in shares) at Sep. 30, 2020					296,482
Ending balance at Sep. 30, 2020	$ 2,713,891	$ 2,703,877			$ 2,965	$ 2,735,075		$ 3,210,579	$ (31,198)	$ (31,197)	$ (468,456)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Dividends, per common share (in dollars per share)	$ 0	$ 0.285	$ 0.28	$ 0.28	$ 0.28

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019
Operating activities:
Net income	$ 27,944	$ 59,781	$ 80,854	$ 62,900	$ 96,769	$ 212,714
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization					251,334	249,825
(Accretion) amortization of debt premium and discount, net					(424)	1,053
Deferred financing cost amortization					5,550	5,299
Accretion of above- and below-market leases, net					(12,351)	(14,125)
Tenant inducement amortization and other					2,696	2,694
Impairment of real estate assets	5,746		8,170		16,306	17,468
Gain on sale of real estate assets					(23,218)	(46,266)
Equity based compensation					7,807	8,847
Loss on extinguishment of debt, net					10,441	1,620
Changes in operating assets and liabilities:
Receivables, net					(15,907)	(13,532)
Deferred charges and prepaid expenses					(22,797)	(30,138)
Other assets					(298)	(74)
Accounts payable, accrued expenses and other liabilities					7,724	4,548
Net cash provided by operating activities					323,632	399,933
Investing activities:
Improvements to and investments in real estate assets					(217,940)	(282,211)
Acquisitions of real estate assets					(3,425)	(79,634)
Proceeds from sales of real estate assets					82,922	239,838
Purchase of marketable securities					(19,944)	(36,045)
Proceeds from sale of marketable securities					18,133	47,509
Net cash used in investing activities					(140,254)	(110,543)
Financing activities:
Repayment of secured debt obligations					(7,000)	0
Repayment of borrowings under unsecured revolving credit facility					(653,000)	(541,000)
Proceeds from borrowings under unsecured revolving credit facility					646,000	235,000
Proceeds from unsecured notes					820,396	771,623
Repayment of borrowings under unsecured term loans and notes					(183,151)	(500,000)
Deferred financing and debt extinguishment costs					(17,994)	(6,689)
Distributions to common stockholders					(170,397)	(251,334)
Repurchases of common shares					(25,007)	(14,563)
Repurchases of common shares in conjunction with equity award plans					(3,528)	(1,711)
Net cash provided by (used in) financing activities					406,319	(308,674)
Net change in cash, cash equivalents and restricted cash					589,697	(19,284)
Cash, cash equivalents and restricted cash at beginning of period		21,523		50,765	21,523	50,765	$ 50,765
Cash, cash equivalents and restricted cash at end of period	611,220		31,481		611,220	31,481	21,523
Reconciliation to consolidated balance sheets:
Cash and cash equivalents	609,812		29,072		609,812	29,072	19,097
Restricted cash								$ 1,408	$ 2,426	$ 2,409
Cash, cash equivalents and restricted cash at end of period	611,220	21,523	31,481	50,765	611,220	31,481	50,765	611,220	21,523	31,481
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amount capitalized of $3,333 and $2,401					135,006	134,507
Brixmor Operating Partnership LP
Operating activities:
Net income	27,944	59,781	80,854	62,900	96,769	212,714
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization					251,334	249,825
(Accretion) amortization of debt premium and discount, net					(424)	1,053
Deferred financing cost amortization					5,550	5,299
Accretion of above- and below-market leases, net					(12,351)	(14,125)
Tenant inducement amortization and other					2,696	2,694
Impairment of real estate assets					16,306	17,468
Gain on sale of real estate assets					(23,218)	(46,266)
Equity based compensation					7,807	8,847
Loss on extinguishment of debt, net					10,441	1,620
Changes in operating assets and liabilities:
Receivables, net					(15,907)	(13,532)
Deferred charges and prepaid expenses					(22,797)	(30,138)
Other assets					(298)	(74)
Accounts payable, accrued expenses and other liabilities					7,724	4,548
Net cash provided by operating activities					323,632	399,933
Investing activities:
Improvements to and investments in real estate assets					(217,940)	(282,211)
Acquisitions of real estate assets					(3,425)	(79,634)
Proceeds from sales of real estate assets					82,922	239,838
Purchase of marketable securities					(19,944)	(36,042)
Proceeds from sale of marketable securities					18,133	47,509
Net cash used in investing activities					(140,254)	(110,540)
Financing activities:
Repayment of secured debt obligations					(7,000)	0
Repayment of borrowings under unsecured revolving credit facility					(653,000)	(541,000)
Proceeds from borrowings under unsecured revolving credit facility					646,000	235,000
Proceeds from unsecured notes					820,396	771,623
Repayment of borrowings under unsecured term loans and notes					(183,151)	(500,000)
Deferred financing and debt extinguishment costs					(17,994)	(6,689)
Partner distributions and repurchases of OP Units					(208,930)	(267,503)
Net cash provided by (used in) financing activities					396,321	(308,569)
Net change in cash, cash equivalents and restricted cash					579,699	(19,176)
Cash, cash equivalents and restricted cash at beginning of period		21,507		50,639	21,507	50,639	50,639
Cash, cash equivalents and restricted cash at end of period	601,206		31,463		601,206	31,463	21,507
Reconciliation to consolidated balance sheets:
Cash and cash equivalents	599,798		29,054		599,798	29,054	19,081
Restricted cash								1,408	2,426	2,409
Cash, cash equivalents and restricted cash at end of period	$ 601,206	$ 21,507	$ 31,463	$ 50,639	601,206	31,463	$ 50,639	$ 601,206	$ 21,507	$ 31,463
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amount capitalized of $3,333 and $2,401					$ 135,006	$ 134,507

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Interest paid, capitalized	$ 3,333	$ 2,401
Brixmor Operating Partnership LP
Interest paid, capitalized	$ 3,333	$ 2,401

Acquisition of Real Estate

Acquisition of Real Estate	9 Months Ended
	Sep. 30, 2020
Real Estate [Abstract]
Acquisition of Real Estate	Acquisition of Real Estate During the nine months ended September 30, 2020, the Company acquired the following assets: Description (1) Location Month Acquired GLA Aggregate Purchase Price (2) Land adjacent to Shops at Palm Lakes Miami Gardens, FL Feb-20 N/A $ 2,020 Land adjacent to College Plaza Selden, NY Jul-20 N/A 1,405 N/A $ 3,425 (1) No debt was assumed related to the listed acquisitions. (2) Aggregate purchase price includes $0.1 million of transaction costs. During the nine months ended September 30, 2019, the Company acquired the following assets, in separate transactions: Description (1) Location Month Acquired GLA Aggregate Purchase Price (2) Land adjacent to Parmer Crossing Austin, TX Apr-19 N/A $ 2,197 Centennial Shopping Center Englewood, CO Apr-19 113,682 18,011 Plymouth Square Shopping Center (3) Conshohocken, PA May-19 235,728 56,909 Leases at Baytown Shopping Center Baytown, TX Jun-19 N/A 2,517 349,410 $ 79,634 (1) No debt was assumed related to any of the listed acquisitions. (2) Aggregate purchase price includes $1.2 million of transaction costs. (3) GLA excludes square footage related to the anticipated relocation of the Company's regional office. Total acquired GLA is 288,718 square feet. The aggregate purchase price of the assets acquired during the nine months ended September 30, 2020 and 2019, respectively, has been allocated as follows: Nine Months Ended September 30, Assets 2020 2019 Land $ 3,425 $ 25,953 Buildings — 45,781 Building and tenant improvements — 5,832 Above-market leases (1) — 155 In-place leases (2) — 6,923 Total assets 3,425 84,644 Liabilities Below-market leases (3) — 5,010 Total liabilities — 5,010 Net assets acquired $ 3,425 $ 79,634 (1) The weighted average amortization period at the time of acquisition for above-market leases related to assets acquired during the nine months ended September 30, 2019 was 10.4 years. (2) The weighted average amortization period at the time of acquisition for in-place leases related to assets acquired during the nine months ended September 30, 2019 was 8.8 years. (3) The weighted average amortization period at the time of acquisition for below-market leases related to assets acquired during the nine months ended September 30, 2019 was 24.3 years.

Nature of Business and Financia

Nature of Business and Financial Statement Presentation	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Nature of Business and Financial Statement Presentation	Nature of Business and Financial Statement Presentation Description of Business Brixmor Property Group Inc. and subsidiaries (collectively, the “Parent Company” or “BPG”) is an internally-managed real estate investment trust (“REIT”). Brixmor Operating Partnership LP and subsidiaries (collectively, the “Operating Partnership”) is the entity through which the Parent Company conducts substantially all of its operations and owns substantially all of its assets. The Parent Company owns 100% of the common stock of BPG Subsidiary Inc. (“BPG Sub”), which, in turn, is the sole member of Brixmor OP GP LLC (the “General Partner”), the sole general partner of the Operating Partnership. The Parent Company engages in the ownership, management, leasing, acquisition, disposition and redevelopment of retail shopping centers through the Operating Partnership, and has no other material assets or liabilities other than through its investment in the Operating Partnership. The Parent Company, the Operating Partnership and their controlled subsidiaries on a consolidated basis (collectively, the “Company” or “Brixmor”) believes it owns and operates one of the largest open-air retail portfolios by gross leasable area (“GLA”) in the United States (“U.S.”), comprised primarily of community and neighborhood shopping centers. As of September 30, 2020, the Company’s portfolio was comprised of 395 shopping centers (the “Portfolio”) totaling approximately 69 million square feet of GLA. The Company’s high-quality national Portfolio is primarily located within established trade areas in the top 50 Metropolitan Statistical Areas in the U.S., and its shopping centers are primarily anchored by non-discretionary and value-oriented retailers, as well as consumer-oriented service providers. The Company does not distinguish its principal business or group its operations on a geographical basis for purposes of measuring performance. Accordingly, the Company has a single reportable segment for disclosure purposes in accordance with U.S. generally accepted accounting principles (“GAAP”). Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for the fair presentation of the unaudited Condensed Consolidated Financial Statements for the periods presented have been included. The operating results for the periods presented are not necessarily indicative of the results that may be expected for a full fiscal year. These financial statements should be read in conjunction with the financial statements for the year ended December 31, 2019 and accompanying notes included in the Company’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 10, 2020. Principles of Consolidation The accompanying unaudited Condensed Consolidated Financial Statements include the accounts of the Parent Company, the Operating Partnership, each of their wholly owned subsidiaries and all other entities in which they have a controlling financial interest. All intercompany transactions have been eliminated. Revenue Recognition and Receivables The Company enters into agreements with tenants which convey the right to control the use of identified space at its shopping centers in exchange for rental revenue. These agreements meet the criteria for recognition as leases under Accounting Standards Codification (“ASC”) 842, Leases . Rental revenue is recognized on a straight-line basis over the terms of the related leases. The cumulative difference between rental revenue recognized on the Company’s unaudited Condensed Consolidated Statements of Operations and contractual payment terms is recognized as deferred rent and included in Receivables, net on the accompanying unaudited Condensed Consolidated Balance Sheets. The Company commences recognizing rental revenue based on the date it makes the underlying asset available for use by the tenant. Leases also typically provide for the reimbursement of property operating expenses, including common area expenses, utilities, insurance and real estate taxes by the lessee and are recognized in the period the applicable expenditures are incurred. The Company periodically evaluates the collectability of its receivables related to rental revenue, straight-line rent, expense reimbursements and those attributable to other revenue generating activities. The Company analyzes individual tenant receivables and considers tenant credit-worthiness, the length of time a receivable has been outstanding, and current economic trends when evaluating collectability. Any receivables that are deemed to be uncollectible are recognized as a reduction to Rental income on the Company’s unaudited Condensed Consolidated Statements of Operations. The Company has made certain elections regarding the treatment of rent deferrals and abatements resulting from COVID-19. See Note 9 for additional information regarding the treatment and impact of COVID-19 rent deferrals and abatements on the Company’s unaudited Condensed Consolidated Financial Statements. Income Taxes Brixmor Property Group Inc. has elected to qualify as a REIT in accordance with the Internal Revenue Code of 1986, as amended (the “Code”). To qualify as a REIT, Brixmor Property Group Inc. must meet several organizational and operational requirements, including a requirement that it currently distribute to its stockholders at least 90% of its REIT taxable income, determined without regard to the deduction for dividends paid and excluding net capital gains. Management intends to satisfy these requirements and maintain Brixmor Property Group Inc.’s REIT status. As a REIT, Brixmor Property Group Inc. generally will not be subject to U.S. federal income tax, provided that distributions to its stockholders equal at least the amount of its REIT taxable income as defined under the Code. Brixmor Property Group Inc. conducts substantially all of its operations through the Operating Partnership which is organized as a limited partnership and treated as a pass-through entity for U.S. federal tax purposes. Therefore, U.S. federal income taxes do not materially impact the unaudited Condensed Consolidated Financial Statements of the Company. If Brixmor Property Group Inc. fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal taxes at regular corporate rates and may not be able to qualify as a REIT for the four subsequent taxable years. Even if Brixmor Property Group Inc. qualifies for taxation as a REIT, Brixmor Property Group Inc. is subject to certain state and local taxes on its income and property, and to U.S. federal income and excise taxes on its undistributed taxable income as well as other income items, as applicable. Brixmor Property Group Inc. has elected to treat certain of its subsidiaries as taxable REIT subsidiaries (each a “TRS”), and Brixmor Property Group Inc. may in the future elect to treat newly formed and/or other existing subsidiaries as TRSs. A TRS may participate in non-real estate related activities and/or perform non-customary services for tenants and is subject to certain limitations under the Code. A TRS is subject to U.S. federal and state income taxes at regular corporate rates. Income taxes related to Brixmor Property Group Inc.’s TRSs do not materially impact the unaudited Condensed Consolidated Financial Statements of the Company. The Company has considered the tax positions taken for the open tax years and has concluded that no provision for income taxes related to uncertain tax positions is required in the Company’s unaudited Condensed Consolidated Financial Statements as of September 30, 2020 and December 31, 2019. Open tax years generally range from 2017 through 2019 but may vary by jurisdiction and issue. The Company recognizes penalties and interest accrued related to unrecognized tax benefits as income tax expense, which is included in Other on the Company’s unaudited Condensed Consolidated Statements of Operations. New Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments-Credit Losses (Topic 326). ASU 2016-13 was subsequently amended by ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments-Credit Losses. ASU 2016-13 amends guidance to replace the prior “incurred loss” methodology of recognizing credit losses on financial instruments with a methodology that reflects expected credit losses and requires consideration of a broader range of information. Any unrealized loss on the Company’s financial instruments must be assessed to determine the portion, if any, that is attributable to credit loss and the portion that is due to other factors, such as changes in market interest rates. “Credit loss” refers to any portion of the carrying amount that the Company does not expect to collect over a financial instrument’s contractual life. The Company considers current market conditions and reasonable forecasts of future market conditions to estimate expected credit losses over the life of the financial instrument. Any portion of unrealized losses due to credit loss is recognized through net income and reported in equity as a component of distributions in excess of net income. The portion of unrealized losses due to other factors continues to be recognized through other comprehensive income and reported in accumulated other comprehensive income. In addition, ASU 2018-19 clarifies that receivables arising from operating leases are not within the scope of ASC 326-20. Instead, impairment of receivables arising from operating leases should be accounted for in accordance with ASC 842. The standard became effective for the Company on January 1, 2020. The Company determined that these changes did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In October 2018, the FASB issued ASU 2018-16, Derivatives and Hedging (Topic 815). ASU 2018-16 was subsequently amended by ASU 2020-04, Reference Rate Reform (Topic 848). ASU 2018-16 amends guidance to permit the use of the Overnight Index Swap (“OIS”) rate based on the Secured Overnight Financing Rate (“SOFR”) as a U.S. benchmark interest rate for hedge accounting purposes under ASC 815, Derivatives and Hedging . The standard became effective for the Company on January 1, 2019 and a prospective transition approach was required. The Company determined that the adoption of ASU 2018-16 did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. ASU 2020-04 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. The Company has elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. Application of these expedients preserves the presentation of derivatives consistent with past presentation. The Company continues to evaluate the impact of the guidance and may apply other elections as applicable as additional changes in the market occur. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820) . ASU 2018-13 amends certain disclosure requirements regarding the fair value hierarchy of investments in accordance with GAAP, particularly the significant unobservable inputs used to value investments within Level 3 of the fair value hierarchy. The standard became effective for the Company on January 1, 2020. The Company determined that these changes did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company.

Dispositions and Assets Held fo

Dispositions and Assets Held for Sale	9 Months Ended
	Sep. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Dispositions and Assets Held for Sale	Dispositions and Assets Held for Sale During the three months ended September 30, 2020, the Company disposed of three shopping centers, one partial shopping center and one land parcel for aggregate net proceeds of $36.2 million resulting in aggregate gain of $13.1 million and aggregate impairment of less than $0.1 million. In addition, during the three months ended September 30, 2020, the Company received aggregate net proceeds of less than $0.1 million and resolved contingencies of $0.1 million from previously disposed assets resulting in aggregate gain of $0.1 million. During the nine months ended September 30, 2020, the Company disposed of eight shopping centers, three partial shopping centers and one land parcel for aggregate net proceeds of $81.9 million resulting in aggregate gain of $21.3 million and aggregate impairment of $6.0 million. In addition, during the nine months ended September 30, 2020, the Company received aggregate net proceeds of $1.0 million and resolved contingencies of $0.5 million from previously disposed assets resulting in aggregate gain of $1.5 million. During the three months ended September 30, 2019, the Company disposed of 12 shopping centers and one partial shopping center for aggregate net proceeds of $144.6 million resulting in aggregate gain of $25.5 million and aggregate impairment of $8.2 million. In addition, during the three months ended September 30, 2019, the Company received aggregate net proceeds of $0.1 million from previously disposed assets resulting in aggregate gain of $0.1 million. During the nine months ended September 30, 2019, the Company disposed of 18 shopping centers and four partial shopping centers for aggregate net proceeds of $239.4 million resulting in aggregate gain of $46.0 million and aggregate impairment of $14.4 million. In addition, during the nine months ended September 30, 2019, the Company received aggregate net proceeds of $0.4 million from previously disposed assets resulting in aggregate gain of $0.3 million. As of September 30, 2020, the Company did not have any properties held for sale. As of December 31, 2019, the Company had two properties and two partial properties held for sale. The following table presents the assets and liabilities associated with the properties classified as held for sale: Assets September 30, 2020 December 31, 2019 Land $ — $ 3,356 Buildings and improvements — 31,650 Accumulated depreciation and amortization — (13,044) Real estate, net — 21,962 Other assets — 209 Assets associated with real estate assets held for sale $ — $ 22,171 Liabilities Below-market leases $ — $ 415 Liabilities associated with real estate assets held for sale (1) $ — $ 415 (1) These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s unaudited Condensed Consolidated Balance Sheets.

Real Estate

Real Estate	9 Months Ended
	Sep. 30, 2020
Real Estate [Abstract]
Real Estate	Real Estate The Company’s components of Real estate, net consisted of the following: September 30, 2020 December 31, 2019 Land $ 1,754,708 $ 1,767,029 Buildings and improvements: Buildings and tenant improvements (1) 7,853,233 7,741,607 Lease intangibles (2) 579,361 614,964 10,187,302 10,123,600 Accumulated depreciation and amortization (3) (2,623,144) (2,481,250) Total $ 7,564,158 $ 7,642,350 (1) As of September 30, 2020 and December 31, 2019, Buildings and tenant improvements included accrued amounts, net of anticipated insurance proceeds, of $32.2 million and $46.9 million, respectively. (2) As of September 30, 2020 and December 31, 2019, Lease intangibles consisted of $521.7 million and $554.9 million, respectively, of in-place leases and $57.7 million and $60.1 million, respectively, of above-market leases. These intangible assets are amortized over the term of each related lease. (3) As of September 30, 2020 and December 31, 2019, Accumulated depreciation and amortization included $515.6 million and $533.1 million, respectively, of accumulated amortization related to Lease intangibles. In addition, as of September 30, 2020 and December 31, 2019, the Company had intangible liabilities relating to below-market leases of $354.6 million and $372.1 million, respectively, and accumulated accretion of $263.7 million and $267.1 million, respectively. These intangible liabilities are included in Accounts payable, accrued expenses and other liabilities on the Company’s unaudited Condensed Consolidated Balance Sheets. These intangible assets are accreted over the term of each related lease. Below-market lease accretion income, net of above-market lease amortization for the three months ended September 30, 2020 and 2019 was $4.1 million and $4.5 million, respectively. Below-market lease accretion income, net of above-market lease amortization for the nine months ended September 30, 2020 and 2019 was $12.4 million and $14.1 million, respectively. These amounts are included in Rental income on the Company’s unaudited Condensed Consolidated Statements of Operations. Amortization expense associated with in-place lease value for the three months ended September 30, 2020 and 2019 was $4.5 million and $6.7 million, respectively. Amortization expense associated with in-place lease value for the nine months ended September 30, 2020 and 2019 was $14.8 million and $19.5 million, respectively. These amounts are included in Depreciation and amortization on the Company’s unaudited Condensed Consolidated Statements of Operations. The Company’s estimated below-market lease accretion income, net of above-market lease amortization expense, and in-place lease amortization expense for the next five years are as follows: Year ending December 31, Below-market lease accretion (income), net of above-market lease amortization expense In-place lease amortization expense 2020 (remaining three months) $ (3,144) $ 3,946 2021 (11,290) 12,870 2022 (9,337) 9,003 2023 (8,114) 6,554 2024 (7,601) 4,887

Impairments

Impairments	9 Months Ended
	Sep. 30, 2020
Impairment of Real Estate [Abstract]
Impairments	Impairments On a periodic basis, management assesses whether there are any indicators, including property operating performance, changes in anticipated hold period and general market conditions, including the impact of COVID-19, that the carrying value of the Company’s real estate assets (including any related intangible assets or liabilities) may be impaired. If management determines that the carrying value of a real estate asset is impaired, a loss is recognized to reflect the estimated fair value. The Company recognized the following impairments during the three months ended September 30, 2020: Three Months Ended September 30, 2020 Property Name (1) Location GLA Impairment Charge Northmall Centre Tucson, AZ 165,350 $ 5,721 Chamberlain Plaza (2) Meriden, CT 54,302 25 219,652 $ 5,746 (1) The Company recognized impairment charges based upon a change in the anticipated hold period of these properties and/or offers from third-party buyers in connection with the Company’s capital recycling program. (2) The Company disposed of this property during the three months ended September 30, 2020. The Company recognized the following impairments during the nine months ended September 30, 2020: Nine Months Ended September 30, 2020 Property Name (1) Location GLA Impairment Charge Northmall Centre Tucson, AZ 165,350 $ 5,721 Spring Mall Greenfield, WI 45,920 4,584 30th Street Plaza (2) Canton, OH 145,935 4,449 Chamberlain Plaza (2) Meriden, CT 54,302 1,538 Parcel at Lakes Crossing (2)(3) Muskegon, MI 4,990 14 416,497 $ 16,306 (1) The Company recognized impairment charges based upon a change in the anticipated hold period of these properties and/or offers from third-party buyers primarily in connection with the Company’s capital recycling program. (2) The Company disposed of this property during the nine months ended September 30, 2020. (3) This property was classified as held for sale as of December 31, 2019. The Company recognized the following impairment during the three months ended September 30, 2019: Three Months Ended September 30, 2019 Property Name (1) Location GLA Impairment Charge Parcel at Mansell Crossing (2) Alpharetta, GA 51,615 $ 5,777 Glendale Galleria (2) Glendale, AZ 119,525 2,197 Westview Center (2) Hanover Park, IL 321,382 170 North Hills Village (2) Haltom City, TX 43,299 26 535,821 $ 8,170 (1) The Company recognized impairment charges based upon a change in the anticipated hold period of these properties and/or offers from third-party buyers in connection with the Company’s capital recycling program. (2) The Company disposed of this property during the year ended December 31, 2019. The Company recognized the following impairments during the nine months ended September 30, 2019: Nine Months Ended September 30, 2019 Property Name (1) Location GLA Impairment Charge Westview Center (2) Hanover Park, IL 321,382 $ 6,356 Parcel at Mansell Crossing (2) Alpharetta, GA 51,615 5,777 Brice Park Reynoldsburg, OH 158,565 3,112 Glendale Galleria (2) Glendale, AZ 119,525 2,197 North Hills Village (2) Haltom City, TX 43,299 26 694,386 $ 17,468 (1) The Company recognized impairment charges based upon a change in the anticipated hold period of these properties and/or offers from third-party buyers in connection with the Company’s capital recycling program. (2) The Company disposed of this property during the year ended December 31, 2019. The Company can provide no assurance that material impairment charges with respect to its Portfolio will not occur in future periods. See Note 3 for additional information regarding impairment charges taken in connection with the Company’s dispositions. See Note 8 for additional information regarding the fair value of operating properties that have been impaired.

Financial Instruments - Derivat

Financial Instruments - Derivatives and Hedging	9 Months Ended
	Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments - Derivatives and Hedging	Financial Instruments – Derivatives and Hedging The Company’s use of derivative instruments is intended to manage its exposure to interest rate movements and such instruments are not utilized for speculative purposes. In certain situations, the Company may enter into derivative financial instruments such as interest rate swap and interest rate cap agreements that result in the receipt and/or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. Cash Flow Hedges of Interest Rate Risk Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchanging the underlying notional amount. The Company utilizes interest rate swaps to partially hedge the cash flows associated with variable LIBOR based debt. During the nine months ended September 30, 2020 and year ended December 31, 2019, the Company did not enter into any new interest rate swap agreements. Detail on the Company’s interest rate derivatives designated as cash flow hedges outstanding as of September 30, 2020 and December 31, 2019 is as follows: Number of Instruments Notional Amount September 30, 2020 December 31, 2019 September 30, 2020 December 31, 2019 Interest Rate Swaps 7 7 $ 800,000 $ 800,000 The Company has elected to present its interest rate derivatives on its unaudited Condensed Consolidated Balance Sheets on a gross basis as interest rate swap assets and interest rate swap liabilities. Detail on the fair value of the Company’s interest rate derivatives on a gross and net basis as of September 30, 2020 and December 31, 2019 is as follows: Fair Value of Derivative Instruments Interest rate swaps classified as: September 30, 2020 December 31, 2019 Gross derivative assets $ — $ 3,795 Gross derivative liabilities (31,439) (13,449) Net derivative liabilities $ (31,439) $ (9,654) The gross derivative assets are included in Other assets and the gross derivative liabilities are included in Accounts payable, accrued expenses and other liabilities on the Company’s unaudited Condensed Consolidated Balance Sheets. All of the Company’s outstanding interest rate swap agreements for the periods presented were designated as cash flow hedges of interest rate risk. The fair value of the Company’s interest rate derivatives is determined using market standard valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivative, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. These inputs are classified as Level 2 of the fair value hierarchy. The effective portion of changes in the fair value of derivatives designated as cash flow hedges is recognized in other comprehensive income (loss) and is reclassified into earnings as interest expense in the period that the hedged forecasted transaction affects earnings. The effective portion of the Company’s interest rate swaps that was recognized on the Company’s unaudited Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2020 and 2019 is as follows: Derivatives in Cash Flow Hedging Relationships Three Months Ended Nine Months Ended 2020 2019 2020 2019 Change in unrealized loss on interest rate swaps $ (133) $ (4,125) $ (27,144) $ (23,375) Amortization (accretion) of interest rate swaps to interest expense 3,061 (1,207) 5,359 (5,998) Change in unrealized gain (loss) on interest rate swaps, net $ 2,928 $ (5,332) $ (21,785) $ (29,373) The Company estimates that $11.3 million will be reclassified from accumulated other comprehensive loss as an increase to interest expense over the next twelve months. No gain or loss was recognized related to hedge ineffectiveness or to amounts excluded from effectiveness testing on the Company’s cash flow hedges during the three and nine months ended September 30, 2020 and 2019. Non-Designated (Mark-to-Market) Hedges of Interest Rate Risk The Company does not use derivatives for trading or speculative purposes. As of September 30, 2020 and December 31, 2019, the Company did not have any non-designated hedges. Credit-risk-related Contingent Features The Company has agreements with its derivative counterparties that contain provisions whereby if the Company defaults on certain of its indebtedness and the indebtedness has been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. If the Company were to breach any of the contractual provisions of the derivative contracts, it would be required to settle its obligations under the agreements at their termination value, including accrued interest.

Debt Obligations

Debt Obligations	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Debt Obligations	Debt Obligations As of September 30, 2020 and December 31, 2019, the Company had the following indebtedness outstanding: Carrying Value as of September 30, December 31, Stated Interest Rate (1) Scheduled Secured loan Secured loan $ — $ 7,000 N/A N/A Net unamortized premium — 211 Net unamortized debt issuance costs — (37) Total secured loan, net $ — $ 7,174 Notes payable Unsecured notes (2)(3) $ 4,835,302 $ 4,218,453 1.30% – 7.97% 2022 – 2030 Net unamortized premium 31,478 11,078 Net unamortized debt issuance costs (27,146) (23,579) Total notes payable, net $ 4,839,634 $ 4,205,952 Unsecured Credit Facility and term loans Unsecured Credit Facility - Revolving Facility $ — $ 7,000 N/A 2023 Unsecured $350 Million Term Loan (3) 350,000 350,000 1.41% 2023 Unsecured $300 Million Term Loan (4) 300,000 300,000 1.41% 2024 Net unamortized debt issuance costs (7,974) (8,941) Total Unsecured Credit Facility and term loans $ 642,026 $ 648,059 Total debt obligations, net $ 5,481,660 $ 4,861,185 (1) Stated interest rates as of September 30, 2020 do not include the impact of the Company’s interest rate swap agreements (described below). (2) The weighted average stated interest rate on the Company’s unsecured notes was 3.76% as of September 30, 2020. (3) Effective November 1, 2016, the Company has in place three interest rate swap agreements that convert the variable interest rate on $150.0 million of the Company’s $250.0 million Floating Rate Senior Notes due 2022, issued on August 31, 2018 to a fixed, combined interest rate of 1.11% (plus a spread of 105 basis points) and the Company’s $350.0 million term loan agreement, as amended April 29, 2020, (the “$350 Million Term Loan”) to a fixed, combined interest rate of 1.11% (plus a spread of 125 basis points) through July 30, 2021. (4) Effective January 2, 2019, the Company has in place four interest rate swap agreements that convert the variable interest rate on the Company’s $300 million term loan agreement, as amended April 29, 2020 (the “$300 Million Term Loan”) to a fixed, combined interest rate of 2.61% (plus a spread of 125 basis points) through July 26, 2024. 2020 Debt Transactions During the nine months ended September 30, 2020, the Company repaid $7.0 million, net of borrowings, under the Operating Partnership’s $1.25 billion revolving credit facility (the “Revolving Facility”). In June 2020, the Operating Partnership issued $500.0 million aggregate principal amount of 4.050% Senior Notes due 2030 (the “2030 Notes”) at 99.776% of par, the net proceeds of which were used to complete the Tender Offer (defined below), repay outstanding indebtedness under the Revolving Facility, and for general corporate purposes. The 2030 Notes bear interest at a rate of 4.050% per annum, payable semi-annually on January 1 and July 1 of each year, commencing January 1, 2021. The 2030 Notes will mature on July 1, 2030. The Operating Partnership may redeem the 2030 Notes prior to maturity, at its option, at any time in whole or from time to time in part, at the applicable redemption price specified in the Indenture with respect to the 2030 Notes. If the 2030 Notes are redeemed on or after April 1, 2030 (three months prior to the maturity date), the redemption price will be equal to 100% of the principal amount of the 2030 Notes being redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date. The 2030 Notes are the Operating Partnership’s unsecured and unsubordinated obligations and rank equally in right of payment with all of the Operating Partnership’s existing and future senior unsecured and unsubordinated indebtedness. In August 2020, the Operating Partnership issued an additional $300.0 million aggregate principal amount of the 2030 Notes at 107.172% of par, the net proceeds of which were used to repay outstanding indebtedness under the Revolving Facility and for general corporate purposes. The additional notes form a single series with the previously outstanding 2030 Notes. In June 2020, the Operating Partnership commenced a cash tender offer (the “Tender Offer”) for any and all of its outstanding 3.875% Senior Notes due 2022 (the “2022 Notes”). The Tender Offer expired on June 26, 2020. As a result of the Tender Offer, the Company repurchased notes with a face value of $182.5 million on June 29, 2020 and $0.7 million on July 1, 2020. Following the repurchase, $316.8 million aggregate principal amount of the 2022 Notes remains outstanding. During the nine months ended September 30, 2020, as a result of the Tender Offer and the repayment of its $7.0 million secured loan, the Company recognized a $10.4 million loss on extinguishment of debt, net. Loss on extinguishment of debt, net includes $9.7 million of prepayment fees and $0.7 million of accelerated unamortized debt issuance costs and debt discounts, net of premiums. In April 2020, the Operating Partnership amended its senior unsecured credit agreements related to the Revolving Facility and the Operating Partnership’s term loans, changing the covenant calculation reference period to the most recent twelve months for which it reported financial results from the most recent six months for which it reported financial results, annualized. Pursuant to the terms of the Company’s unsecured debt agreements, the Company among other things is subject to the maintenance of various financial covenants. The Company was in compliance with these covenants as of September 30, 2020. Debt Maturities As of September 30, 2020 and December 31, 2019, the Company had accrued interest of $44.9 million and $36.9 million outstanding, respectively. As of September 30, 2020, scheduled maturities of the Company’s outstanding debt obligations were as follows: Year ending December 31, 2020 (remaining three months) $ — 2021 — 2022 566,849 2023 850,000 2024 800,000 Thereafter 3,268,453 Total debt maturities 5,485,302 Net unamortized premium 31,478 Net unamortized debt issuance costs (35,120) Total debt obligations, net $ 5,481,660 As of the date the financial statements were issued, the Company did not have any scheduled debt maturities for the next 12 months.

Fair Value Disclosures

Fair Value Disclosures	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Disclosures All financial instruments of the Company are reflected in the accompanying unaudited Condensed Consolidated Balance Sheets at amounts which, in management’s judgment, reasonably approximate their fair values, except those instruments listed below: September 30, 2020 December 31, 2019 Carrying Fair Carrying Fair Secured loan $ — $ — $ 7,174 $ 7,306 Notes payable 4,839,634 5,128,018 4,205,952 4,422,513 Unsecured Credit Facility and term loans 642,026 647,968 648,059 658,490 Total debt obligations, net $ 5,481,660 $ 5,775,986 $ 4,861,185 $ 5,088,309 As a basis for considering market participant assumptions in fair value measurements, a fair value hierarchy is included in GAAP that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs that are classified within Level 3 of the hierarchy). In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The valuation methodology used to estimate the fair value of the Company’s debt obligations is based on a discounted cash flow analysis, with assumptions that include credit spreads, interest rate curves, estimated property values, loan amounts and maturity dates. Based on these inputs, the Company has determined that the valuations of its debt obligations are classified within Level 3 of the fair value hierarchy. Such fair value estimates are not necessarily indicative of the amounts that would be realized upon disposition. Recurring Fair Value The Company’s marketable securities and interest rate derivatives are measured and recognized at fair value on a recurring basis. The valuations of the Company’s marketable securities are based primarily on publicly traded market values in active markets and are classified within Level 1 or 2 of the fair value hierarchy. See Note 6 for fair value information regarding the Company’s interest rate derivatives. The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured and recognized at fair value on a recurring basis: Fair Value Measurements as of September 30, 2020 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Assets: Marketable securities (1) $ 19,987 $ 891 $ 19,096 $ — Liabilities: Interest rate derivatives $ (31,439) $ — $ (31,439) $ — Fair Value Measurements as of December 31, 2019 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Assets: Marketable securities (1) $ 18,054 $ 1,459 $ 16,595 $ — Interest rate derivatives $ 3,795 $ — $ 3,795 $ — Liabilities: Interest rate derivatives $ (13,449) $ — $ (13,449) $ — (1) As of September 30, 2020 and December 31, 2019, marketable securities included $0.2 million and $0.1 million of net unrealized gains, respectively. As of September 30, 2020, the contractual maturities of the Company’s marketable securities are within the next five years. Non-Recurring Fair Value On a periodic basis, management assesses whether there are any indicators, including property operating performance, changes in anticipated hold period and general market conditions, including the impact of COVID-19, that the carrying value of the Company’s real estate assets (including any related intangible assets or liabilities) may be impaired. Fair value is determined by offers from third-party buyers, market comparable data, third party appraisals or discounted cash flow analyses. The cash flows utilized in such analyses are comprised of unobservable inputs which include forecasted rental revenue and expenses based upon market conditions and future expectations. The capitalization rates and discount rates utilized in such analyses are based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for the respective properties. Based on these inputs, the Company has determined that the valuations of these properties are classified within Level 3 of the fair value hierarchy. The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured and recognized at fair value on a non-recurring basis. The table includes information related to properties that were remeasured to fair value as a result of impairment testing during the nine months ended September 30, 2020 and during the year ended December 31, 2019, excluding the properties sold prior to September 30, 2020 and December 31, 2019, respectively: Fair Value Measurements as of September 30, 2020 Balance Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Impairment of Real Estate Assets Assets: Properties (1)(2)(3) $ 18,842 $ — $ — $ 18,842 $ 10,305 Fair Value Measurements as of December 31, 2019 Balance Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Impairment of Real Estate Assets Assets: Properties (4)(5) $ 23,533 $ — $ — $ 23,533 $ 7,983 (1) Excludes properties disposed of prior to September 30, 2020. (2) The carrying value of properties remeasured to fair value based upon offers from third-party buyers during the nine months ended September 30, 2020 includes $13.9 million related to Northmall Centre. (3) The carrying value of properties remeasured to fair value based upon a discounted cash flow analysis during the nine months ended September 30, 2020 includes $4.9 million related to Spring Mall. The capitalization rate of 8.0% and discount rate of 8.0% which were utilized in the discounted cash flow analysis were based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for the investment. (4) Excludes properties disposed of prior to December 31, 2019. (5) The carrying value of properties remeasured to fair value based upon offers from third-party buyers during the year ended December 31, 2019 includes: (i) $9.7 million related to Brice Park; (ii) $9.1 million related to Mohawk Acres Plaza; (iii) $3.4 million related to Lincoln Plaza; and (iv) $1.3 million related to a parcel at Lakes Crossing.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The Company engages in the ownership, management, leasing, acquisition, disposition and redevelopment of retail shopping centers. Revenue is primarily generated through lease agreements and classified as Rental income on the Company’s unaudited Condensed Consolidated Statements of Operations. These agreements include retail shopping center unit leases; ground leases; ancillary leases or agreements, such as agreements with tenants for cellular towers, ATMs, and short-term or seasonal retail (e.g. Halloween or Christmas-related retail); and reciprocal easement agreements. The agreements range in term from less than one year to 25 or more years, with certain agreements containing renewal options. These renewal options range from as little as one month to five or more years. The Company’s retail shopping center leases generally require tenants to pay their proportionate share of property operating expenses such as common area expenses, utilities, insurance and real estate taxes, and certain capital expenditures related to the maintenance of the Company’s properties. Additionally, variable lease payments based on percentage rents are recognized once the required sales data is made available. The Company recognized $0.6 million and $1.1 million of income based on percentage rents for the three months ended September 30, 2020 and 2019, respectively. The Company recognized $3.6 million and $6.0 million of income based on percentage rents for the nine months ended September 30, 2020 and 2019, respectively. These amounts are included in Rental income on the Company’s unaudited Condensed Consolidated Statements of Operations. COVID-19 The global outbreak of the novel strain of coronavirus (“COVID-19”) and the public health measures that have been undertaken in response have had a significant adverse impact on the Company’s business, the Company’s tenants and the global economy. The effects of COVID-19, including related government restrictions, border closings, quarantines, “shelter-in-place” orders and “social distancing” guidelines, have forced many of the Company’s tenants to close stores, reduce hours or significantly limit service, and have resulted in a dramatic increase in national unemployment and a significant economic contraction. Certain tenants experiencing economic difficulties during this pandemic have sought rent relief, which has been provided on a case-by-case basis primarily in the form of rent deferrals, and in more limited cases in the form of rent abatements. Under ASC 842, changes to the amount or timing of lease payments subsequent to the original lease execution are generally accounted for as lease modifications. Due to the number of lease contracts that would require analysis to determine, on a lease by lease basis, whether such a concession is required to be accounted for as a lease modification, the FASB issued a Staff Q&A on accounting for leases during the COVID-19 pandemic, focused on the application of lease guidance in ASC 842. The Q&A states that it would be acceptable to make a policy election regarding rent concessions resulting from COVID-19, which would not require entities to account for the rent concessions as lease modifications or to determine whether rent concessions were contractually obligated in each original lease. Rent abatements would be recognized as reductions to revenue during the period in which they were granted. Rent deferrals would result in an increase to “Receivables, net” during the deferral period with no impact on rental revenue recognition. Any rent concession that is either unrelated to COVID-19 or substantially increases the total consideration due under the lease does not qualify for consideration under the Q&A. The Company has evaluated the impact of the Q&A and has made the following policy elections: • The Company accounts for COVID-19 rent deferrals and abatements that significantly increase the consideration due under the lease as lease modifications in accordance with ASC 842. As a result, rental revenue recognition is reduced by the amount of the deferral or abatement in the period it was granted and straight-line rental income recognition is updated over the remaining lease term. • The Company does not account for COVID-19 rent deferrals that do not significantly increase the consideration due under the lease as lease modifications. As a result, rental revenue recognition does not change, and Receivables, net increases for the deferred amount. • The Company does not account for COVID-19 rent abatements that do not significantly increase the consideration due under the lease as lease modifications. As a result, rental revenue recognition is reduced by the amount of the abatement in the period it was granted. The following table presents the COVID-19 related deferrals and abatements granted for lease payments due during the three and nine months ended September 30, 2020. Lease payments presented consist of fixed contractual base rent and may include the reimbursement of certain property operating expenses. Three Months Ended Nine Months Ended Deferrals Abatements Deferrals Abatements Lease payments (lease modifications) $ 1,991 $ 1,686 $ 2,735 $ 1,893 Lease payments (not lease modifications) 18,650 402 32,815 438 $ 20,641 $ 2,088 $ 35,550 $ 2,331 The following table presents the deferrals that were not lease modifications and were included in Receivables, net on the Company's Unaudited Condensed Consolidated Balance Sheets: COVID-19 Deferred Receivable Beginning balance, March 31, 2020 $ — Deferred lease payments (not lease modifications) 14,165 Deferred lease payments deemed uncollectible (3,228) Deferred lease payments received (49) Ending balance, June 30, 2020 10,888 Deferred lease payments (not lease modifications) 18,650 Deferred lease payments deemed uncollectible (8,742) Deferred lease payments received (2,318) Ending balance, September 30, 2020 $ 18,478

Leases

Leases	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Leases	Leases The Company periodically enters into agreements in which it is the lessee, including ground leases for shopping centers that it operates and office leases for administrative space. The agreements range in term from less than one year to 50 or more years, with certain agreements containing renewal options for up to an additional 100 years. Upon lease execution, the Company recognizes a lease liability and a right-of-use (“ROU”) asset based on the present value of future lease payments over the noncancellable lease term. As of September 30, 2020 the Company is not including any prospective renewal or termination options in its lease liabilities or ROU assets, as the exercise of such options is not reasonably certain. Certain agreements require the Company to pay its proportionate share of property operating expenses such as common area expenses, utilities, insurance and real estate taxes, and certain capital expenditures related to the maintenance of the properties. These payments are not included in the calculation of the lease liability and are presented as variable lease costs. The following tables present additional information pertaining to the Company’s operating leases: Three Months Ended September 30, Nine Months Ended September 30, Supplemental Statements of Operations Information 2020 2019 2020 2019 Operating lease costs $ 1,761 $ 1,705 $ 5,278 $ 5,121 Short-term lease costs 10 9 29 29 Variable lease costs 146 80 380 336 Total lease costs $ 1,917 $ 1,794 $ 5,687 $ 5,486 Nine Months Ended September 30, Supplemental Statements of Cash Flows Information 2020 2019 Operating cash outflows from operating leases $ 5,286 $ 5,226 ROU assets obtained in exchange for operating lease liabilities $ 1,140 $ 44,354 ROU assets written off due to lease modifications $ (1,748) $ — Operating Lease Liabilities As of September 30, 2020 Future minimum operating lease payments: 2020 (remaining three months) $ 1,762 2021 6,257 2022 6,028 2023 5,339 2024 5,246 Thereafter 30,073 Total future minimum operating lease payments 54,705 Less: imputed interest (14,785) Operating lease liabilities $ 39,920 Supplemental Balance Sheets Information As of September 30, 2020 As of December 31, 2019 Operating lease liabilities (1)(2) $ 39,920 $ 44,707 ROU assets (1)(3) $ 35,318 $ 39,860 (1) As of September 30, 2020 and December 31, 2019, the weighted average remaining lease term was 12.7 years and 10.9 years, respectively, and the weighted average discount rate was 4.39% and 4.30%, respectively. (2) These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s unaudited Condensed Consolidated Balance Sheets. (3) These amounts are included in Other assets on the Company’s unaudited Condensed Consolidated Balance Sheets. As of September 30, 2020, there were no material leases that have been executed but not yet commenced.

Equity and Capital

Equity and Capital	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Equity and Capital	Equity and Capital ATM Program In January 2020, the Company established an at-the-market equity offering program (the “ATM Program”) through which the Company may sell from time to time up to an aggregate of $400.0 million of its common stock through sales agents over a three scheduled to expire on January 9, 2023, unless earlier terminated or extended by the Company, sales agents, forward sellers and forward purchasers. As of September 30, 2020, no shares have been issued under the ATM Program, and as a result, $400.0 million of common stock remained available for issuance. Share Repurchase Program In January 2020, the Company established a new share repurchase program (the “Program”) for up to $400.0 million of the Company’s common stock. The Program is scheduled to expire on January 9, 2023, unless suspended or extended by the Board of Directors. The Program replaced the Company’s prior share repurchase program (the “Prior Program”), which expired on December 5, 2019. During the nine months ended September 30, 2020, the Company repurchased 1.7 million shares of common stock under the Program at an average price per share of $15.14 for a total of $25.0 million, excluding commissions. The Company incurred total commissions of less than $0.1 million in conjunction with the Program for the nine months ended September 30, 2020. During the nine months ended September 30, 2019, the Company repurchased 0.8 million shares of common stock under the Prior Program at an average price per share of $17.43 for a total of $14.6 million, excluding commissions. The Company incurred total commissions of less than $0.1 million in conjunction with the Prior Program for the nine months ended September 30, 2019. As of September 30, 2020, the Program had $375.0 million of available repurchase capacity. Common Stock In connection with the vesting of restricted stock units (“RSUs”) under the Company’s equity-based compensation plan, the Company withholds shares to satisfy tax withholding obligations. During the nine months ended September 30, 2020 and 2019, the Company withheld 0.2 million and 0.1 million shares, respectively. Dividends and Distributions During the three months ended September 30, 2020, the Company did not declare common stock dividends and OP Unit distributions. During the three months ended September 30, 2019, the Company declared common stock dividends and OP Unit distributions of $0.280 per share/unit. As of September 30, 2020 and December 31, 2019, the Company had declared but unpaid common stock dividends and OP Unit distributions of $1.8 million and $87.2 million, respectively. These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s unaudited Condensed Consolidated Balance Sheets.

Stock Based Compensation

Stock Based Compensation	9 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Stock Based Compensation	Stock Based Compensation During the year ended December 31, 2013, the Board of Directors approved the 2013 Omnibus Incentive Plan (the “Plan”). The Plan provides for a maximum of 15.0 million shares of the Company’s common stock to be issued for qualified and non-qualified options, stock appreciation rights, restricted stock and RSUs, OP Units, performance awards and other stock-based awards. During the nine months ended September 30, 2020 and the year ended December 31, 2019, the Company granted RSUs to certain employees. The RSUs are divided into multiple tranches, which are all subject to service-based vesting conditions. Certain tranches are also subject to performance-based or market-based criteria, which contain a threshold, target, above target, and maximum number of units which can be earned. The number of units actually earned for each tranche is determined based on performance during a specified performance period. Tranches that only have a service-based component can only earn a target number of units. The aggregate number of RSUs granted, assuming that the target level of performance is achieved, was 0.7 million and 0.8 million for the nine months ended September 30, 2020 and the year ended December 31, 2019, respectively, with vesting periods ranging from one

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Earnings per Share Basic earnings per share (“EPS”) is calculated by dividing net income attributable to the Company’s common stockholders, including any participating securities, by the weighted average number of shares outstanding for the period. Certain restricted shares issued pursuant to the Company’s share-based compensation program are considered participating securities, as such stockholders have rights to receive non-forfeitable dividends. Fully-diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into shares of common stock. Unvested RSUs are not allocated net losses and/or any excess of dividends declared over net income, as such amounts are allocated entirely to the Company’s common stock. The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and nine months ended September 30, 2020 and 2019 (dollars in thousands, except per share data): Three Nine 2020 2019 2020 2019 Computation of Basic Earnings Per Share: Net income $ 27,944 $ 80,854 $ 96,769 $ 212,714 Non-forfeitable dividends on unvested restricted shares (82) (176) (269) (484) Net income attributable to the Company’s common stockholders for basic earnings per share $ 27,862 $ 80,678 $ 96,500 $ 212,230 Weighted average number shares outstanding – basic 296,562 298,031 296,982 298,257 Basic earnings per share attributable to the Company’s common stockholders: Net income per share $ 0.09 $ 0.27 $ 0.32 $ 0.71 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for diluted earnings per share $ 27,862 $ 80,678 $ 96,500 $ 212,230 Weighted average shares outstanding – basic 296,562 298,031 296,982 298,257 Effect of dilutive securities: Equity awards 300 848 335 670 Weighted average shares outstanding – diluted 296,862 298,879 297,317 298,927 Diluted earnings per share attributable to the Company’s common stockholders: Net income per share $ 0.09 $ 0.27 $ 0.32 $ 0.71

Earnings per Unit

Earnings per Unit	9 Months Ended
	Sep. 30, 2020
Schedule of Earnings per Share [Line Items]
Earnings per Unit	Earnings per Share Basic earnings per share (“EPS”) is calculated by dividing net income attributable to the Company’s common stockholders, including any participating securities, by the weighted average number of shares outstanding for the period. Certain restricted shares issued pursuant to the Company’s share-based compensation program are considered participating securities, as such stockholders have rights to receive non-forfeitable dividends. Fully-diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into shares of common stock. Unvested RSUs are not allocated net losses and/or any excess of dividends declared over net income, as such amounts are allocated entirely to the Company’s common stock. The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and nine months ended September 30, 2020 and 2019 (dollars in thousands, except per share data): Three Nine 2020 2019 2020 2019 Computation of Basic Earnings Per Share: Net income $ 27,944 $ 80,854 $ 96,769 $ 212,714 Non-forfeitable dividends on unvested restricted shares (82) (176) (269) (484) Net income attributable to the Company’s common stockholders for basic earnings per share $ 27,862 $ 80,678 $ 96,500 $ 212,230 Weighted average number shares outstanding – basic 296,562 298,031 296,982 298,257 Basic earnings per share attributable to the Company’s common stockholders: Net income per share $ 0.09 $ 0.27 $ 0.32 $ 0.71 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for diluted earnings per share $ 27,862 $ 80,678 $ 96,500 $ 212,230 Weighted average shares outstanding – basic 296,562 298,031 296,982 298,257 Effect of dilutive securities: Equity awards 300 848 335 670 Weighted average shares outstanding – diluted 296,862 298,879 297,317 298,927 Diluted earnings per share attributable to the Company’s common stockholders: Net income per share $ 0.09 $ 0.27 $ 0.32 $ 0.71
Brixmor Operating Partnership LP
Schedule of Earnings per Share [Line Items]
Earnings per Unit	Earnings per Unit Basic earnings per unit is calculated by dividing net income attributable to the Operating Partnership’s common unitholders, including any participating securities, by the weighted average number of partnership common units outstanding for the period. Certain restricted units issued pursuant to the Company’s share-based compensation program are considered participating securities, as such unitholders have rights to receive non-forfeitable dividends. Fully-diluted earnings per unit reflects the potential dilution that could occur if securities or other contracts to issue common units were exercised or converted into common units. Unvested RSUs are not allocated net losses and/or any excess of dividends declared over net income, as such amounts are allocated entirely to the Operating Partnership’s common units. The following table provides a reconciliation of the numerator and denominator of the earnings per unit calculations for the three and nine months ended September 30, 2020 and 2019 (dollars in thousands, except per unit data): Three Nine 2020 2019 2020 2019 Computation of Basic Earnings Per Unit: Net income $ 27,944 $ 80,854 $ 96,769 $ 212,714 Non-forfeitable dividends on unvested restricted units (82) (176) (269) (484) Net income attributable to the Operating Partnership’s common units for basic earnings per unit $ 27,862 $ 80,678 $ 96,500 $ 212,230 Weighted average number common units outstanding – basic 296,562 298,031 296,982 298,257 Basic earnings per unit attributable to the Operating Partnership’s common units: Net income per unit $ 0.09 $ 0.27 $ 0.32 $ 0.71 Computation of Diluted Earnings Per Unit: Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $ 27,862 $ 80,678 $ 96,500 $ 212,230 Weighted average common units outstanding – basic 296,562 298,031 296,982 298,257 Effect of dilutive securities: Equity awards 300 848 335 670 Weighted average common units outstanding – diluted 296,862 298,879 297,317 298,927 Diluted earnings per unit attributable to the Operating Partnership’s common units: Net income per unit $ 0.09 $ 0.27 $ 0.32 $ 0.71

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Matters Except as described below, the Company is not presently involved in any material litigation arising outside the ordinary course of business. However, the Company is involved in routine litigation arising in the ordinary course of business, none of which the Company believes, individually or in the aggregate, taking into account existing reserves, will have a material impact on the Company’s financial condition, operating results or cash flows. As previously disclosed, on August 1, 2019, the Company finalized a settlement with the SEC with respect to matters initially disclosed on February 8, 2016 relating to a review conducted by the Audit Committee of the Company’s Board of Directors into certain accounting matters and the related conduct of certain former Company executives. The Company believes that no additional governmental proceedings relating to these matters will be brought against the Company. The Company understands that the SEC and the U.S. Attorney’s Office for the Southern District of New York are pursuing actions relating to these matters with respect to certain former employees. The Company remains obligated to indemnify these former officers for legal and other professional fees and these amounts are now in excess of the Company’s insurance coverage and are being funded by the Company. Under certain circumstances, the former officers are contractually obligated to reimburse the Company for such amounts advanced. However, it is possible that the Company may not be able to recover any or all of these amounts. Environmental Matters Under various federal, state and local laws, ordinances and regulations, the Company may be or become liable for the costs of removal or remediation of certain hazardous or toxic substances released on or in the Company’s property or disposed of by the Company or its tenants, as well as certain other potential costs which could relate to hazardous or toxic substances (including governmental fines and injuries to persons and property). The Company does not believe that any resulting liability from such matters will have a material impact on the Company’s financial condition, operating results or cash flows.

Related-Party Transactions

Related-Party Transactions	9 Months Ended
	Sep. 30, 2020
Related Party Transactions [Abstract]
Related-Party Transactions	Related-Party Transactions In the ordinary course of conducting its business, the Company enters into agreements with its affiliates in relation to the leasing and management of its real estate assets. As of September 30, 2020 and December 31, 2019, there were no material receivables from or payables to related parties.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In preparing the unaudited Condensed Consolidated Financial Statements, the Company has evaluated events and transactions occurring after September 30, 2020 for recognition and/or disclosure purposes. Based on this evaluation, there were no subsequent events from September 30, 2020 through the date the financial statements were issued other than the following: • On October 30, 2020, the Company’s Board of Directors declared a quarterly cash dividend of $0.215 per common share for the fourth quarter of 2020. The dividend was temporarily suspended for the second and third quarters of 2020 in response to uncertainties created by the COVID-19 pandemic. The dividend is payable on January 15, 2021 to shareholders of record on January 6, 2021.

Nature of Business and Financ_2

Nature of Business and Financial Statement Presentation (Policies)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for the fair presentation of the unaudited Condensed Consolidated Financial Statements for the periods presented have been included. The operating results for the periods presented are not necessarily indicative of the results that may be expected for a full fiscal year. These financial statements should be read in conjunction with the financial statements for the year ended December 31, 2019 and accompanying notes included in the Company’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 10, 2020.
Principles of Consolidation	Principles of ConsolidationThe accompanying unaudited Condensed Consolidated Financial Statements include the accounts of the Parent Company, the Operating Partnership, each of their wholly owned subsidiaries and all other entities in which they have a controlling financial interest. All intercompany transactions have been eliminated.
Revenue Recognition	The Company enters into agreements with tenants which convey the right to control the use of identified space at its shopping centers in exchange for rental revenue. These agreements meet the criteria for recognition as leases under Accounting Standards Codification (“ASC”) 842, Leases . Rental revenue is recognized on a straight-line basis over the terms of the related leases. The cumulative difference between rental revenue recognized on the Company’s unaudited Condensed Consolidated Statements of Operations and contractual payment terms is recognized as deferred rent and included in Receivables, net on the accompanying unaudited Condensed Consolidated Balance Sheets. The Company commences recognizing rental revenue based on the date it makes the underlying asset available for use by the tenant. Leases also typically provide for the reimbursement of property operating expenses, including common area expenses, utilities, insurance and real estate taxes by the lessee and are recognized in the period the applicable expenditures are incurred.
Receivables	The Company periodically evaluates the collectability of its receivables related to rental revenue, straight-line rent, expense reimbursements and those attributable to other revenue generating activities. The Company analyzes individual tenant receivables and considers tenant credit-worthiness, the length of time a receivable has been outstanding, and current economic trends when evaluating collectability. Any receivables that are deemed to be uncollectible are recognized as a reduction to Rental income on the Company’s unaudited Condensed Consolidated Statements of Operations.
Income Taxes	Income Taxes Brixmor Property Group Inc. has elected to qualify as a REIT in accordance with the Internal Revenue Code of 1986, as amended (the “Code”). To qualify as a REIT, Brixmor Property Group Inc. must meet several organizational and operational requirements, including a requirement that it currently distribute to its stockholders at least 90% of its REIT taxable income, determined without regard to the deduction for dividends paid and excluding net capital gains. Management intends to satisfy these requirements and maintain Brixmor Property Group Inc.’s REIT status. As a REIT, Brixmor Property Group Inc. generally will not be subject to U.S. federal income tax, provided that distributions to its stockholders equal at least the amount of its REIT taxable income as defined under the Code. Brixmor Property Group Inc. conducts substantially all of its operations through the Operating Partnership which is organized as a limited partnership and treated as a pass-through entity for U.S. federal tax purposes. Therefore, U.S. federal income taxes do not materially impact the unaudited Condensed Consolidated Financial Statements of the Company. If Brixmor Property Group Inc. fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal taxes at regular corporate rates and may not be able to qualify as a REIT for the four subsequent taxable years. Even if Brixmor Property Group Inc. qualifies for taxation as a REIT, Brixmor Property Group Inc. is subject to certain state and local taxes on its income and property, and to U.S. federal income and excise taxes on its undistributed taxable income as well as other income items, as applicable. Brixmor Property Group Inc. has elected to treat certain of its subsidiaries as taxable REIT subsidiaries (each a “TRS”), and Brixmor Property Group Inc. may in the future elect to treat newly formed and/or other existing subsidiaries as TRSs. A TRS may participate in non-real estate related activities and/or perform non-customary services for tenants and is subject to certain limitations under the Code. A TRS is subject to U.S. federal and state income taxes at regular corporate rates. Income taxes related to Brixmor Property Group Inc.’s TRSs do not materially impact the unaudited Condensed Consolidated Financial Statements of the Company. The Company has considered the tax positions taken for the open tax years and has concluded that no provision for income taxes related to uncertain tax positions is required in the Company’s unaudited Condensed Consolidated Financial Statements as of September 30, 2020 and December 31, 2019. Open tax years generally range from 2017 through 2019 but may vary by jurisdiction and issue. The Company recognizes penalties and interest accrued related to unrecognized tax benefits as income tax expense, which is included in Other on the Company’s unaudited Condensed Consolidated Statements of Operations.
New Accounting Pronouncements	New Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, Financial Instruments-Credit Losses (Topic 326). ASU 2016-13 was subsequently amended by ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments-Credit Losses. ASU 2016-13 amends guidance to replace the prior “incurred loss” methodology of recognizing credit losses on financial instruments with a methodology that reflects expected credit losses and requires consideration of a broader range of information. Any unrealized loss on the Company’s financial instruments must be assessed to determine the portion, if any, that is attributable to credit loss and the portion that is due to other factors, such as changes in market interest rates. “Credit loss” refers to any portion of the carrying amount that the Company does not expect to collect over a financial instrument’s contractual life. The Company considers current market conditions and reasonable forecasts of future market conditions to estimate expected credit losses over the life of the financial instrument. Any portion of unrealized losses due to credit loss is recognized through net income and reported in equity as a component of distributions in excess of net income. The portion of unrealized losses due to other factors continues to be recognized through other comprehensive income and reported in accumulated other comprehensive income. In addition, ASU 2018-19 clarifies that receivables arising from operating leases are not within the scope of ASC 326-20. Instead, impairment of receivables arising from operating leases should be accounted for in accordance with ASC 842. The standard became effective for the Company on January 1, 2020. The Company determined that these changes did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In October 2018, the FASB issued ASU 2018-16, Derivatives and Hedging (Topic 815). ASU 2018-16 was subsequently amended by ASU 2020-04, Reference Rate Reform (Topic 848). ASU 2018-16 amends guidance to permit the use of the Overnight Index Swap (“OIS”) rate based on the Secured Overnight Financing Rate (“SOFR”) as a U.S. benchmark interest rate for hedge accounting purposes under ASC 815, Derivatives and Hedging . The standard became effective for the Company on January 1, 2019 and a prospective transition approach was required. The Company determined that the adoption of ASU 2018-16 did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. ASU 2020-04 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. The Company has elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. Application of these expedients preserves the presentation of derivatives consistent with past presentation. The Company continues to evaluate the impact of the guidance and may apply other elections as applicable as additional changes in the market occur. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820) . ASU 2018-13 amends certain disclosure requirements regarding the fair value hierarchy of investments in accordance with GAAP, particularly the significant unobservable inputs used to value investments within Level 3 of the fair value hierarchy. The standard became effective for the Company on January 1, 2020. The Company determined that these changes did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company.

Acquisition of Real Estate (Tab

Acquisition of Real Estate (Tables)	9 Months Ended
	Sep. 30, 2020
Real Estate [Abstract]
Schedule of Business Acquisitions, by Acquisition	During the nine months ended September 30, 2020, the Company acquired the following assets: Description (1) Location Month Acquired GLA Aggregate Purchase Price (2) Land adjacent to Shops at Palm Lakes Miami Gardens, FL Feb-20 N/A $ 2,020 Land adjacent to College Plaza Selden, NY Jul-20 N/A 1,405 N/A $ 3,425 (1) No debt was assumed related to the listed acquisitions. (2) Aggregate purchase price includes $0.1 million of transaction costs. During the nine months ended September 30, 2019, the Company acquired the following assets, in separate transactions: Description (1) Location Month Acquired GLA Aggregate Purchase Price (2) Land adjacent to Parmer Crossing Austin, TX Apr-19 N/A $ 2,197 Centennial Shopping Center Englewood, CO Apr-19 113,682 18,011 Plymouth Square Shopping Center (3) Conshohocken, PA May-19 235,728 56,909 Leases at Baytown Shopping Center Baytown, TX Jun-19 N/A 2,517 349,410 $ 79,634 (1) No debt was assumed related to any of the listed acquisitions. (2) Aggregate purchase price includes $1.2 million of transaction costs. (3) GLA excludes square footage related to the anticipated relocation of the Company's regional office. Total acquired GLA is 288,718 square feet.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The aggregate purchase price of the assets acquired during the nine months ended September 30, 2020 and 2019, respectively, has been allocated as follows: Nine Months Ended September 30, Assets 2020 2019 Land $ 3,425 $ 25,953 Buildings — 45,781 Building and tenant improvements — 5,832 Above-market leases (1) — 155 In-place leases (2) — 6,923 Total assets 3,425 84,644 Liabilities Below-market leases (3) — 5,010 Total liabilities — 5,010 Net assets acquired $ 3,425 $ 79,634 (1) The weighted average amortization period at the time of acquisition for above-market leases related to assets acquired during the nine months ended September 30, 2019 was 10.4 years. (2) The weighted average amortization period at the time of acquisition for in-place leases related to assets acquired during the nine months ended September 30, 2019 was 8.8 years. (3) The weighted average amortization period at the time of acquisition for below-market leases related to assets acquired during the nine months ended September 30, 2019 was 24.3 years.

Dispositions and Assets Held _2

Dispositions and Assets Held for Sale (Tables)	9 Months Ended
	Sep. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Reclassificationa of Disposal Groups, Including Discontinued Operations	The following table presents the assets and liabilities associated with the properties classified as held for sale: Assets September 30, 2020 December 31, 2019 Land $ — $ 3,356 Buildings and improvements — 31,650 Accumulated depreciation and amortization — (13,044) Real estate, net — 21,962 Other assets — 209 Assets associated with real estate assets held for sale $ — $ 22,171 Liabilities Below-market leases $ — $ 415 Liabilities associated with real estate assets held for sale (1) $ — $ 415 (1) These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s unaudited Condensed Consolidated Balance Sheets.

Real Estate (Tables)

Real Estate (Tables)	9 Months Ended
	Sep. 30, 2020
Real Estate [Abstract]
Schedule of real estate properties	The Company’s components of Real estate, net consisted of the following: September 30, 2020 December 31, 2019 Land $ 1,754,708 $ 1,767,029 Buildings and improvements: Buildings and tenant improvements (1) 7,853,233 7,741,607 Lease intangibles (2) 579,361 614,964 10,187,302 10,123,600 Accumulated depreciation and amortization (3) (2,623,144) (2,481,250) Total $ 7,564,158 $ 7,642,350 (1) As of September 30, 2020 and December 31, 2019, Buildings and tenant improvements included accrued amounts, net of anticipated insurance proceeds, of $32.2 million and $46.9 million, respectively. (2) As of September 30, 2020 and December 31, 2019, Lease intangibles consisted of $521.7 million and $554.9 million, respectively, of in-place leases and $57.7 million and $60.1 million, respectively, of above-market leases. These intangible assets are amortized over the term of each related lease. (3) As of September 30, 2020 and December 31, 2019, Accumulated depreciation and amortization included $515.6 million and $533.1 million, respectively, of accumulated amortization related to Lease intangibles.
Schedule of expected net amortization expense associated with intangible assets and liabilities	The Company’s estimated below-market lease accretion income, net of above-market lease amortization expense, and in-place lease amortization expense for the next five years are as follows: Year ending December 31, Below-market lease accretion (income), net of above-market lease amortization expense In-place lease amortization expense 2020 (remaining three months) $ (3,144) $ 3,946 2021 (11,290) 12,870 2022 (9,337) 9,003 2023 (8,114) 6,554 2024 (7,601) 4,887

Impairments (Tables)

Impairments (Tables)	9 Months Ended
	Sep. 30, 2020
Impairment of Real Estate [Abstract]
Schedule of Impairments	The Company recognized the following impairments during the three months ended September 30, 2020: Three Months Ended September 30, 2020 Property Name (1) Location GLA Impairment Charge Northmall Centre Tucson, AZ 165,350 $ 5,721 Chamberlain Plaza (2) Meriden, CT 54,302 25 219,652 $ 5,746 (1) The Company recognized impairment charges based upon a change in the anticipated hold period of these properties and/or offers from third-party buyers in connection with the Company’s capital recycling program. (2) The Company disposed of this property during the three months ended September 30, 2020. The Company recognized the following impairments during the nine months ended September 30, 2020: Nine Months Ended September 30, 2020 Property Name (1) Location GLA Impairment Charge Northmall Centre Tucson, AZ 165,350 $ 5,721 Spring Mall Greenfield, WI 45,920 4,584 30th Street Plaza (2) Canton, OH 145,935 4,449 Chamberlain Plaza (2) Meriden, CT 54,302 1,538 Parcel at Lakes Crossing (2)(3) Muskegon, MI 4,990 14 416,497 $ 16,306 (1) The Company recognized impairment charges based upon a change in the anticipated hold period of these properties and/or offers from third-party buyers primarily in connection with the Company’s capital recycling program. (2) The Company disposed of this property during the nine months ended September 30, 2020. (3) This property was classified as held for sale as of December 31, 2019. The Company recognized the following impairment during the three months ended September 30, 2019: Three Months Ended September 30, 2019 Property Name (1) Location GLA Impairment Charge Parcel at Mansell Crossing (2) Alpharetta, GA 51,615 $ 5,777 Glendale Galleria (2) Glendale, AZ 119,525 2,197 Westview Center (2) Hanover Park, IL 321,382 170 North Hills Village (2) Haltom City, TX 43,299 26 535,821 $ 8,170 (1) The Company recognized impairment charges based upon a change in the anticipated hold period of these properties and/or offers from third-party buyers in connection with the Company’s capital recycling program. (2) The Company disposed of this property during the year ended December 31, 2019. The Company recognized the following impairments during the nine months ended September 30, 2019: Nine Months Ended September 30, 2019 Property Name (1) Location GLA Impairment Charge Westview Center (2) Hanover Park, IL 321,382 $ 6,356 Parcel at Mansell Crossing (2) Alpharetta, GA 51,615 5,777 Brice Park Reynoldsburg, OH 158,565 3,112 Glendale Galleria (2) Glendale, AZ 119,525 2,197 North Hills Village (2) Haltom City, TX 43,299 26 694,386 $ 17,468 (1) The Company recognized impairment charges based upon a change in the anticipated hold period of these properties and/or offers from third-party buyers in connection with the Company’s capital recycling program. (2) The Company disposed of this property during the year ended December 31, 2019.

Financial Instruments - Deriv_2

Financial Instruments - Derivatives and Hedging (Tables)	9 Months Ended
	Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of interest rate derivatives	Number of Instruments Notional Amount September 30, 2020 December 31, 2019 September 30, 2020 December 31, 2019 Interest Rate Swaps 7 7 $ 800,000 $ 800,000
Schedule of derivative instruments in Statement of Financial Position, fair value	Fair Value of Derivative Instruments Interest rate swaps classified as: September 30, 2020 December 31, 2019 Gross derivative assets $ — $ 3,795 Gross derivative liabilities (31,439) (13,449) Net derivative liabilities $ (31,439) $ (9,654)
Schedule of Derivatives in Cash Flow Hedging Relationships	Derivatives in Cash Flow Hedging Relationships Three Months Ended Nine Months Ended 2020 2019 2020 2019 Change in unrealized loss on interest rate swaps $ (133) $ (4,125) $ (27,144) $ (23,375) Amortization (accretion) of interest rate swaps to interest expense 3,061 (1,207) 5,359 (5,998) Change in unrealized gain (loss) on interest rate swaps, net $ 2,928 $ (5,332) $ (21,785) $ (29,373)

Debt Obligations (Tables)

Debt Obligations (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Debt obligations under various arrangements with financial institutions	As of September 30, 2020 and December 31, 2019, the Company had the following indebtedness outstanding: Carrying Value as of September 30, December 31, Stated Interest Rate (1) Scheduled Secured loan Secured loan $ — $ 7,000 N/A N/A Net unamortized premium — 211 Net unamortized debt issuance costs — (37) Total secured loan, net $ — $ 7,174 Notes payable Unsecured notes (2)(3) $ 4,835,302 $ 4,218,453 1.30% – 7.97% 2022 – 2030 Net unamortized premium 31,478 11,078 Net unamortized debt issuance costs (27,146) (23,579) Total notes payable, net $ 4,839,634 $ 4,205,952 Unsecured Credit Facility and term loans Unsecured Credit Facility - Revolving Facility $ — $ 7,000 N/A 2023 Unsecured $350 Million Term Loan (3) 350,000 350,000 1.41% 2023 Unsecured $300 Million Term Loan (4) 300,000 300,000 1.41% 2024 Net unamortized debt issuance costs (7,974) (8,941) Total Unsecured Credit Facility and term loans $ 642,026 $ 648,059 Total debt obligations, net $ 5,481,660 $ 4,861,185 (1) Stated interest rates as of September 30, 2020 do not include the impact of the Company’s interest rate swap agreements (described below). (2) The weighted average stated interest rate on the Company’s unsecured notes was 3.76% as of September 30, 2020. (3) Effective November 1, 2016, the Company has in place three interest rate swap agreements that convert the variable interest rate on $150.0 million of the Company’s $250.0 million Floating Rate Senior Notes due 2022, issued on August 31, 2018 to a fixed, combined interest rate of 1.11% (plus a spread of 105 basis points) and the Company’s $350.0 million term loan agreement, as amended April 29, 2020, (the “$350 Million Term Loan”) to a fixed, combined interest rate of 1.11% (plus a spread of 125 basis points) through July 30, 2021. (4) Effective January 2, 2019, the Company has in place four interest rate swap agreements that convert the variable interest rate on the Company’s $300 million term loan agreement, as amended April 29, 2020 (the “$300 Million Term Loan”) to a fixed, combined interest rate of 2.61% (plus a spread of 125 basis points) through July 26, 2024.
Future expected/scheduled maturities of outstanding debt and capital lease obligations	As of September 30, 2020 and December 31, 2019, the Company had accrued interest of $44.9 million and $36.9 million outstanding, respectively. As of September 30, 2020, scheduled maturities of the Company’s outstanding debt obligations were as follows: Year ending December 31, 2020 (remaining three months) $ — 2021 — 2022 566,849 2023 850,000 2024 800,000 Thereafter 3,268,453 Total debt maturities 5,485,302 Net unamortized premium 31,478 Net unamortized debt issuance costs (35,120) Total debt obligations, net $ 5,481,660

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Schedule Of Fair Value Debt Obligation	All financial instruments of the Company are reflected in the accompanying unaudited Condensed Consolidated Balance Sheets at amounts which, in management’s judgment, reasonably approximate their fair values, except those instruments listed below: September 30, 2020 December 31, 2019 Carrying Fair Carrying Fair Secured loan $ — $ — $ 7,174 $ 7,306 Notes payable 4,839,634 5,128,018 4,205,952 4,422,513 Unsecured Credit Facility and term loans 642,026 647,968 648,059 658,490 Total debt obligations, net $ 5,481,660 $ 5,775,986 $ 4,861,185 $ 5,088,309
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured and recognized at fair value on a recurring basis: Fair Value Measurements as of September 30, 2020 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Assets: Marketable securities (1) $ 19,987 $ 891 $ 19,096 $ — Liabilities: Interest rate derivatives $ (31,439) $ — $ (31,439) $ — Fair Value Measurements as of December 31, 2019 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Assets: Marketable securities (1) $ 18,054 $ 1,459 $ 16,595 $ — Interest rate derivatives $ 3,795 $ — $ 3,795 $ — Liabilities: Interest rate derivatives $ (13,449) $ — $ (13,449) $ —
Fair Value Measurements, Nonrecurring	The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured and recognized at fair value on a non-recurring basis. The table includes information related to properties that were remeasured to fair value as a result of impairment testing during the nine months ended September 30, 2020 and during the year ended December 31, 2019, excluding the properties sold prior to September 30, 2020 and December 31, 2019, respectively: Fair Value Measurements as of September 30, 2020 Balance Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Impairment of Real Estate Assets Assets: Properties (1)(2)(3) $ 18,842 $ — $ — $ 18,842 $ 10,305 Fair Value Measurements as of December 31, 2019 Balance Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Impairment of Real Estate Assets Assets: Properties (4)(5) $ 23,533 $ — $ — $ 23,533 $ 7,983 (1) Excludes properties disposed of prior to September 30, 2020. (2) The carrying value of properties remeasured to fair value based upon offers from third-party buyers during the nine months ended September 30, 2020 includes $13.9 million related to Northmall Centre. (3) The carrying value of properties remeasured to fair value based upon a discounted cash flow analysis during the nine months ended September 30, 2020 includes $4.9 million related to Spring Mall. The capitalization rate of 8.0% and discount rate of 8.0% which were utilized in the discounted cash flow analysis were based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for the investment. (4) Excludes properties disposed of prior to December 31, 2019. (5) The carrying value of properties remeasured to fair value based upon offers from third-party buyers during the year ended December 31, 2019 includes: (i) $9.7 million related to Brice Park; (ii) $9.1 million related to Mohawk Acres Plaza; (iii) $3.4 million related to Lincoln Plaza; and (iv) $1.3 million related to a parcel at Lakes Crossing.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Schedule of COVID-19 Related Deferrals and Abatements Granted for Lease Payments	The following table presents the COVID-19 related deferrals and abatements granted for lease payments due during the three and nine months ended September 30, 2020. Lease payments presented consist of fixed contractual base rent and may include the reimbursement of certain property operating expenses. Three Months Ended Nine Months Ended Deferrals Abatements Deferrals Abatements Lease payments (lease modifications) $ 1,991 $ 1,686 $ 2,735 $ 1,893 Lease payments (not lease modifications) 18,650 402 32,815 438 $ 20,641 $ 2,088 $ 35,550 $ 2,331
Schedule of Deferrals, Without Lease Modifications	The following table presents the deferrals that were not lease modifications and were included in Receivables, net on the Company's Unaudited Condensed Consolidated Balance Sheets: COVID-19 Deferred Receivable Beginning balance, March 31, 2020 $ — Deferred lease payments (not lease modifications) 14,165 Deferred lease payments deemed uncollectible (3,228) Deferred lease payments received (49) Ending balance, June 30, 2020 10,888 Deferred lease payments (not lease modifications) 18,650 Deferred lease payments deemed uncollectible (8,742) Deferred lease payments received (2,318) Ending balance, September 30, 2020 $ 18,478

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Schedule of Operating Leases	The following tables present additional information pertaining to the Company’s operating leases: Three Months Ended September 30, Nine Months Ended September 30, Supplemental Statements of Operations Information 2020 2019 2020 2019 Operating lease costs $ 1,761 $ 1,705 $ 5,278 $ 5,121 Short-term lease costs 10 9 29 29 Variable lease costs 146 80 380 336 Total lease costs $ 1,917 $ 1,794 $ 5,687 $ 5,486 Nine Months Ended September 30, Supplemental Statements of Cash Flows Information 2020 2019 Operating cash outflows from operating leases $ 5,286 $ 5,226 ROU assets obtained in exchange for operating lease liabilities $ 1,140 $ 44,354 ROU assets written off due to lease modifications $ (1,748) $ — Operating Lease Liabilities As of September 30, 2020 Future minimum operating lease payments: 2020 (remaining three months) $ 1,762 2021 6,257 2022 6,028 2023 5,339 2024 5,246 Thereafter 30,073 Total future minimum operating lease payments 54,705 Less: imputed interest (14,785) Operating lease liabilities $ 39,920 Supplemental Balance Sheets Information As of September 30, 2020 As of December 31, 2019 Operating lease liabilities (1)(2) $ 39,920 $ 44,707 ROU assets (1)(3) $ 35,318 $ 39,860 (1) As of September 30, 2020 and December 31, 2019, the weighted average remaining lease term was 12.7 years and 10.9 years, respectively, and the weighted average discount rate was 4.39% and 4.30%, respectively. (2) These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s unaudited Condensed Consolidated Balance Sheets. (3) These amounts are included in Other assets on the Company’s unaudited Condensed Consolidated Balance Sheets.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Schedule of earnings per share, basic and diluted	The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and nine months ended September 30, 2020 and 2019 (dollars in thousands, except per share data): Three Nine 2020 2019 2020 2019 Computation of Basic Earnings Per Share: Net income $ 27,944 $ 80,854 $ 96,769 $ 212,714 Non-forfeitable dividends on unvested restricted shares (82) (176) (269) (484) Net income attributable to the Company’s common stockholders for basic earnings per share $ 27,862 $ 80,678 $ 96,500 $ 212,230 Weighted average number shares outstanding – basic 296,562 298,031 296,982 298,257 Basic earnings per share attributable to the Company’s common stockholders: Net income per share $ 0.09 $ 0.27 $ 0.32 $ 0.71 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for diluted earnings per share $ 27,862 $ 80,678 $ 96,500 $ 212,230 Weighted average shares outstanding – basic 296,562 298,031 296,982 298,257 Effect of dilutive securities: Equity awards 300 848 335 670 Weighted average shares outstanding – diluted 296,862 298,879 297,317 298,927 Diluted earnings per share attributable to the Company’s common stockholders: Net income per share $ 0.09 $ 0.27 $ 0.32 $ 0.71

Earnings per Unit (Tables)

Earnings per Unit (Tables)	9 Months Ended
	Sep. 30, 2020
Schedule of Earnings per Share [Line Items]
Schedule of earnings per unit, basic and diluted	The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and nine months ended September 30, 2020 and 2019 (dollars in thousands, except per share data): Three Nine 2020 2019 2020 2019 Computation of Basic Earnings Per Share: Net income $ 27,944 $ 80,854 $ 96,769 $ 212,714 Non-forfeitable dividends on unvested restricted shares (82) (176) (269) (484) Net income attributable to the Company’s common stockholders for basic earnings per share $ 27,862 $ 80,678 $ 96,500 $ 212,230 Weighted average number shares outstanding – basic 296,562 298,031 296,982 298,257 Basic earnings per share attributable to the Company’s common stockholders: Net income per share $ 0.09 $ 0.27 $ 0.32 $ 0.71 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for diluted earnings per share $ 27,862 $ 80,678 $ 96,500 $ 212,230 Weighted average shares outstanding – basic 296,562 298,031 296,982 298,257 Effect of dilutive securities: Equity awards 300 848 335 670 Weighted average shares outstanding – diluted 296,862 298,879 297,317 298,927 Diluted earnings per share attributable to the Company’s common stockholders: Net income per share $ 0.09 $ 0.27 $ 0.32 $ 0.71
Brixmor Operating Partnership LP
Schedule of Earnings per Share [Line Items]
Schedule of earnings per unit, basic and diluted	The following table provides a reconciliation of the numerator and denominator of the earnings per unit calculations for the three and nine months ended September 30, 2020 and 2019 (dollars in thousands, except per unit data): Three Nine 2020 2019 2020 2019 Computation of Basic Earnings Per Unit: Net income $ 27,944 $ 80,854 $ 96,769 $ 212,714 Non-forfeitable dividends on unvested restricted units (82) (176) (269) (484) Net income attributable to the Operating Partnership’s common units for basic earnings per unit $ 27,862 $ 80,678 $ 96,500 $ 212,230 Weighted average number common units outstanding – basic 296,562 298,031 296,982 298,257 Basic earnings per unit attributable to the Operating Partnership’s common units: Net income per unit $ 0.09 $ 0.27 $ 0.32 $ 0.71 Computation of Diluted Earnings Per Unit: Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $ 27,862 $ 80,678 $ 96,500 $ 212,230 Weighted average common units outstanding – basic 296,562 298,031 296,982 298,257 Effect of dilutive securities: Equity awards 300 848 335 670 Weighted average common units outstanding – diluted 296,862 298,879 297,317 298,927 Diluted earnings per unit attributable to the Operating Partnership’s common units: Net income per unit $ 0.09 $ 0.27 $ 0.32 $ 0.71

Nature of Business and Financ_3

Nature of Business and Financial Statement Presentation (Details)	Sep. 30, 2020ft²Property	Sep. 30, 2019ft²
Nture of Oerations and Financial Statements Presentation [Line Items]
GLA		349,410
Shopping Center
Nture of Oerations and Financial Statements Presentation [Line Items]
Number of real estate properties | Property	395
GLA	69,000,000
Parent Company | BPG Sub
Nture of Oerations and Financial Statements Presentation [Line Items]
Ownership percentage	100.00%

Acquisition of Real Estate (Pro

Acquisition of Real Estate (Properties Acquired) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)ft²
Business Acquisition [Line Items]
GLA | ft²		349,410
Aggregate Purchase Price	$ 3,425	$ 79,634
Transaction costs	100	1,200
Land adjacent to Shops at Palm Lakes
Business Acquisition [Line Items]
Aggregate Purchase Price	2,020
Land adjacent to College Plaza
Business Acquisition [Line Items]
Aggregate Purchase Price	$ 1,405
Land adjacent to Parmer Crossing
Business Acquisition [Line Items]
Aggregate Purchase Price		$ 2,197
Centennial Shopping Center
Business Acquisition [Line Items]
GLA | ft²		113,682
Aggregate Purchase Price		$ 18,011
Plymouth Square Shopping Center
Business Acquisition [Line Items]
GLA | ft²		235,728
Aggregate Purchase Price		$ 56,909
Acquired Gross Leasable Area | ft²		288,718
Leases at Baytown Shopping Center
Business Acquisition [Line Items]
Aggregate Purchase Price		$ 2,517

Acquisition of Real Estate (Pur

Acquisition of Real Estate (Purchase Price) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2020
Above market leases
Liabilities
Amortization period	10 years 4 months 24 days
Leases, acquired-in-place
Liabilities
Amortization period	8 years 9 months 18 days
Below market leases
Liabilities
Amortization period	24 years 3 months 18 days
Acquired Properties
Assets
Land	$ 25,953	$ 3,425
Buildings	45,781	0
Building and tenant improvements	5,832	0
Above-market rents	155	0
In-place leases	6,923	0
Total assets	84,644	3,425
Liabilities
Below-market leases	5,010	0
Total liabilities	5,010	0
Net assets acquired	$ 79,634	$ 3,425

Dispositions and Assets Held _3

Dispositions and Assets Held for Sale (Narrative) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)shopping_centerland_parcelproperty	Sep. 30, 2019USD ($)shopping_center	Sep. 30, 2020USD ($)land_parcelshopping_centerproperty	Sep. 30, 2019USD ($)shopping_center	Dec. 31, 2019property
Schedule of Acquisitions and Dispositions [Line Items]
Gain on sale			$ 23,218	$ 46,266
Disposed of by Sale
Schedule of Acquisitions and Dispositions [Line Items]
Number of shopping centers sold | shopping_center	3	12	8	18
Number of partial shopping centers sold | shopping_center	1	1	3	4
Number of land parcels sold | land_parcel	1		1
Proceeds from sale of property	$ 36,200	$ 144,600	$ 81,900	$ 239,400
Gain on sale	13,100	25,500	21,300	46,000
Provisions of impairment	100	8,200	6,000	14,400
Disposed of by Sale | Previously Disposed Assets
Schedule of Acquisitions and Dispositions [Line Items]
Proceeds from sale of property	100	100	1,000	400
Gain on sale	100	$ 100	1,500	$ 300
Contingencies received	$ 100		$ 500
Held-for-sale
Schedule of Acquisitions and Dispositions [Line Items]
Number of real estate properties | property	0		0		2
Held-for-sale | Partial Properties
Schedule of Acquisitions and Dispositions [Line Items]
Number of real estate properties | property					2

Dispositions and Assets Held _4

Dispositions and Assets Held for Sale (Held for Sale) (Details) $ in Thousands	Sep. 30, 2020USD ($)property	Dec. 31, 2019USD ($)property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets associated with real estate assets held for sale	$ 0	$ 22,171
Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties | property	0	2
Land	$ 0	$ 3,356
Buildings and improvements	0	31,650
Accumulated depreciation and amortization	0	(13,044)
Real estate, net	0	21,962
Other assets	0	209
Assets associated with real estate assets held for sale	0	22,171
Below-market leases	0	415
Liabilities associated with real estate assets held for sale	$ 0	$ 415

Real Estate (Details)

Real Estate (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Land	$ 1,754,708		$ 1,754,708		$ 1,767,029
Building and tenant improvements	7,853,233		7,853,233		7,741,607
Lease intangibles	579,361		579,361		614,964
Real estate, gross	10,187,302		10,187,302		10,123,600
Accumulated depreciation and amortization	(2,623,144)		(2,623,144)		(2,481,250)
Total	7,564,158		7,564,158		7,642,350
Accrued capital expenditures and tenant improvements			32,200		46,900
Accumulated amortization	515,600		515,600		533,100
Intangible liabilities relating to below-market leases	354,600		354,600		372,100
Accumulated amortization on below-market leases	263,700		263,700		267,100
Below-market lease intangible amortization	4,100	$ 4,500	12,400	$ 14,100
Amortization of intangible assets	4,500	$ 6,700	14,800	$ 19,500
Leases, acquired-in-place
Real Estate Owned, Disclosure of Detailed Components [Abstract]
In-place lease value	521,700		521,700		554,900
In-place lease amortization expense
2020 (remaining three months)	3,946		3,946
2021	12,870		12,870
2022	9,003		9,003
2023	6,554		6,554
2024	4,887		4,887
Above market leases
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Above market leases	57,700		57,700		$ 60,100
Below-market lease accretion (income), net of above-market lease amortization expense
Below-market lease accretion (income), net of above-market lease amortization expense
2020 (remaining three months)	(3,144)		(3,144)
2021	(11,290)		(11,290)
2022	(9,337)		(9,337)
2023	(8,114)		(8,114)
2024	$ (7,601)		$ (7,601)

Impairments (Details)

Impairments (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)ft²	Sep. 30, 2019USD ($)ft²	Sep. 30, 2020USD ($)ft²	Sep. 30, 2019USD ($)ft²
Real Estate Properties [Line Items]
GLA | ft²	219,652	535,821	416,497	694,386
Impairment Charge | $	$ 5,746	$ 8,170	$ 16,306	$ 17,468
Northmall Centre
Real Estate Properties [Line Items]
GLA | ft²	165,350		165,350
Impairment Charge | $	$ 5,721		$ 5,721
Chamberlain Plaza
Real Estate Properties [Line Items]
GLA | ft²	54,302		54,302
Impairment Charge | $	$ 25		$ 1,538
Spring Mall
Real Estate Properties [Line Items]
GLA | ft²			45,920
Impairment Charge | $			$ 4,584
30th Street Plaza
Real Estate Properties [Line Items]
GLA | ft²			145,935
Impairment Charge | $			$ 4,449
Parcel at Lakes Crossing
Real Estate Properties [Line Items]
GLA | ft²		51,615	4,990	51,615
Impairment Charge | $		$ 5,777	$ 14	$ 5,777
Glendale Galleria
Real Estate Properties [Line Items]
GLA | ft²		119,525		119,525
Impairment Charge | $		$ 2,197		$ 2,197
Westview Center
Real Estate Properties [Line Items]
GLA | ft²		321,382		321,382
Impairment Charge | $		$ 170		$ 6,356
North Hills Village
Real Estate Properties [Line Items]
GLA | ft²		43,299		43,299
Impairment Charge | $		$ 26		$ 26
Brice Park
Real Estate Properties [Line Items]
GLA | ft²				158,565
Impairment Charge | $				$ 3,112

Financial Instruments - Deriv_3

Financial Instruments - Derivatives and Hedging (Notional Amount) (Details)	3 Months Ended	9 Months Ended
	Mar. 31, 2020derivative_instrument	Sep. 30, 2020USD ($)derivative_instrument	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)derivative_instrument
Maximum
Derivative [Line Items]
Amount expected to be reclassified from accumulated other comprehensive loss in the next twelve months		$ 11,300,000
Interest Rate Swap | Designated as Hedging Instrument
Derivative [Line Items]
Number of instruments entered | derivative_instrument	0	0
Number of Instruments | derivative_instrument		7		7
Notional Amount		$ 800,000,000		$ 800,000,000
Gain (loss) on derivative		$ 0	$ 0

Financial Instruments - Deriv_4

Financial Instruments - Derivatives and Hedging (Fair Value) (Details) - Interest Rate Swap - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Gross derivative assets	$ 0	$ 3,795
Gross derivative liabilities	(31,439)	(13,449)
Net derivative liabilities	$ (31,439)	$ (9,654)

Financial Instruments - Deriv_5

Financial Instruments - Derivatives and Hedging (Cash Flow Hedging Relationship) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Change in unrealized loss on interest rate swaps	$ (133)	$ (4,125)	$ (27,144)	$ (23,375)
Amortization (accretion) of interest rate swaps to interest expense	3,061	(1,207)	5,359	(5,998)
Change in unrealized gain (loss) on interest rate swaps, net	$ 2,928	$ (5,332)	$ (21,785)	$ (29,373)

Debt Obligations (Shedule of De

Debt Obligations (Shedule of Debt) (Details)	1 Months Ended	9 Months Ended
	Aug. 31, 2018USD ($)	Sep. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 12, 2018USD ($)derivative_instrument	Nov. 01, 2016USD ($)derivative_instrument
Debt obligations under various arrangements with financial institutions
Long-term debt		$ 5,485,302,000
Net unamortized debt issuance costs		(35,120,000)
Total debt obligations		5,481,660,000	$ 4,861,185,000
Floating Rate Senior Notes due 2022 | Brixmor Operating Partnership LP
Debt obligations under various arrangements with financial institutions
Stated spread rate	1.05%
Term loan face amount	$ 250,000,000
Effective percentage	1.11%
Term Loan | Unsecured $500 Million Term Loan | Interest Rate Swap
Debt obligations under various arrangements with financial institutions
Number of Instruments | derivative_instrument					3
Secured Debt
Debt obligations under various arrangements with financial institutions
Long-term debt		0	7,000,000
Net unamortized premium		0	211,000
Net unamortized debt issuance costs		0	(37,000)
Long-term debt		0	7,174,000
Unsecured Debt
Debt obligations under various arrangements with financial institutions
Long-term debt		4,835,302,000	4,218,453,000
Net unamortized premium		31,478,000	11,078,000
Net unamortized debt issuance costs		(27,146,000)	(23,579,000)
Long-term debt		$ 4,839,634,000	4,205,952,000
Weighted average fixed interest rate		3.76%
Unsecured Debt | Minimum
Debt obligations under various arrangements with financial institutions
Stated percentage		1.30%
Unsecured Debt | Maximum
Debt obligations under various arrangements with financial institutions
Stated percentage		7.97%
Unsecured Debt | Term Loan | Unsecured $350 Million Term Loan
Debt obligations under various arrangements with financial institutions
Long-term debt		$ 350,000,000	350,000,000
Stated percentage		1.41%
Term loan face amount				$ 350,000,000
Unsecured Debt | Term Loan | Unsecured $300 Million Term Loan
Debt obligations under various arrangements with financial institutions
Long-term debt		$ 300,000,000	300,000,000
Stated percentage		1.41%
Term loan face amount				$ 300,000,000
Effective percentage				2.61%
Unsecured Debt | Term Loan | Unsecured $300 Million Term Loan | Through July 26, 2024
Debt obligations under various arrangements with financial institutions
Stated spread rate		1.25%
Unsecured Debt | Term Loan | Unsecured $300 Million Term Loan | Interest Rate Swap
Debt obligations under various arrangements with financial institutions
Number of Instruments | derivative_instrument				4
Unsecured Debt | Term Loan | Unsecured $500 Million Term Loan
Debt obligations under various arrangements with financial institutions
Effective percentage				1.11%
Unsecured Debt | Term Loan | Unsecured $500 Million Term Loan | Through July 30, 2021
Debt obligations under various arrangements with financial institutions
Stated spread rate		1.25%
Unsecured Debt | Term Loan | Unsecured $500 Million Term Loan | Interest Rate Swap
Debt obligations under various arrangements with financial institutions
Term loan face amount					$ 150,000,000
Unsecured Debt | Unsecured Credit Facility
Debt obligations under various arrangements with financial institutions
Long-term debt		$ 0	7,000,000
Term loan face amount				$ 1,250,000,000
Unsecured Debt | Unsecured Credit Facility and Term Loan
Debt obligations under various arrangements with financial institutions
Net unamortized debt issuance costs		(7,974,000)	(8,941,000)
Long-term debt		$ 642,026,000	$ 648,059,000

Debt Obligations (Narrative) (D

Debt Obligations (Narrative) (Details) - USD ($)	1 Months Ended		3 Months Ended		9 Months Ended
	Aug. 31, 2020	Jun. 30, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Jul. 01, 2020	Jun. 29, 2020	Dec. 31, 2019	Dec. 12, 2018	Aug. 31, 2018
Debt Instrument [Line Items]
Long-term debt			$ 5,485,302,000		$ 5,485,302,000
Loss on extinguishment of debt, net			(50,000)	$ (943,000)	(10,441,000)	$ (1,620,000)
Accelerated unamortized debt issuance costs			9,700,000		9,700,000
Accelerated unamortized debt premium			700,000		700,000
Brixmor Operating Partnership LP
Debt Instrument [Line Items]
Loss on extinguishment of debt, net			$ (50,000)	$ (943,000)	(10,441,000)	$ (1,620,000)
Floating Rate Senior Notes due 2022 | Brixmor Operating Partnership LP
Debt Instrument [Line Items]
Face amount of debt											$ 250,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Debt repaid					$ 7,000,000
Senior Notes | 4.05% Senior Notes due 2030 | Brixmor Operating Partnership LP
Debt Instrument [Line Items]
Face amount of debt	$ 300,000,000	$ 500,000,000
Stated percentage		4.05%
Redemption price, percentage	107.172%	99.776%
Senior Notes | 4.05% Senior Notes due 2030 | Redeemed on or after April 1, 2030 | Brixmor Operating Partnership LP
Debt Instrument [Line Items]
Redemption price, percentage		100.00%
Senior Notes | Floating Rate Senior Notes due 2022 | Brixmor Operating Partnership LP
Debt Instrument [Line Items]
Stated percentage			3.875%		3.875%
Repurchased face amount							$ 700,000	$ 182,500,000
Long-term debt							$ 316,800,000
Unsecured Debt
Debt Instrument [Line Items]
Long-term debt			$ 4,835,302,000		$ 4,835,302,000				$ 4,218,453,000
Unsecured Debt | Unsecured Credit Facility
Debt Instrument [Line Items]
Face amount of debt										$ 1,250,000,000
Long-term debt			$ 0		0				7,000,000
Loss on extinguishment of debt, net					$ (10,400,000)
Unsecured Debt | Term Loan | Unsecured $350 Million Term Loan
Debt Instrument [Line Items]
Face amount of debt										350,000,000
Stated percentage			1.41%		1.41%
Long-term debt			$ 350,000,000		$ 350,000,000				350,000,000
Unsecured Debt | Term Loan | Unsecured $300 Million Term Loan
Debt Instrument [Line Items]
Face amount of debt										$ 300,000,000
Stated percentage			1.41%		1.41%
Long-term debt			$ 300,000,000		$ 300,000,000				300,000,000
Secured Debt
Debt Instrument [Line Items]
Debt repaid					7,000,000
Long-term debt			$ 0		$ 0				$ 7,000,000

Debt Obligations (Maturities) (

Debt Obligations (Maturities) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Debt Disclosure [Abstract]
Interest payable	$ 44,900	$ 36,900
Future expected/scheduled maturities of outstanding debt and capital lease
2020 (remaining three months)	0
2021	0
2022	566,849
2023	850,000
2024	800,000
Thereafter	3,268,453
Total debt maturities	5,485,302
Net unamortized premium	31,478
Net unamortized debt issuance costs	(35,120)
Total debt obligations, net	$ 5,481,660	$ 4,861,185

Fair Value Disclosures (Debt Ob

Fair Value Disclosures (Debt Obligations) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Estimated fair value of the Company's debt obligations compared to their carrying amounts
Mortgages and secured loans payable	$ 5,481,660	$ 4,861,185
Total debt obligations, net	5,481,660	4,861,185
Carrying Amount
Estimated fair value of the Company's debt obligations compared to their carrying amounts
Mortgages and secured loans payable	0	7,174
Notes payable	4,839,634	4,205,952
Unsecured credit facility and term loan	642,026	648,059
Total debt obligations, net	5,481,660	4,861,185
Fair Value
Estimated fair value of the Company's debt obligations compared to their carrying amounts
Mortgages and secured loans payable	0	7,306
Notes payable	5,128,018	4,422,513
Unsecured credit facility and term loan	647,968	658,490
Total debt obligations	$ 5,775,986	$ 5,088,309

Fair Value Disclosures (Measure

Fair Value Disclosures (Measurements) (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities, unrealized gain		$ 100		$ (200)
Impairment of real estate	$ 5,746		$ 8,170	16,306	$ 17,468
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Terminal capitalization rates	8.00%
Minimum | Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	8.00%
Northmall Centre
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment, fair value	$ 13,900			13,900
Spring Mall
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment, fair value	4,900			4,900
Brice Park
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment, fair value						$ 9,700
Mohawk Acres Plaza
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment, fair value						9,100
Lincoln Plaza
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment, fair value						3,400
Lakes Crossing
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment, fair value						1,300
Fair Value, Measurements, Recurring | Marketable Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	19,987			19,987		18,054
Fair Value, Measurements, Recurring | Interest Rate Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset						3,795
Derivative liability	(31,439)			(31,439)		(13,449)
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Marketable Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	891			891		1,459
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest Rate Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset						0
Derivative liability	0			0		0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Marketable Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	19,096			19,096		16,595
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Interest Rate Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset						3,795
Derivative liability	31,439			31,439		(13,449)
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Marketable Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0			0		0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Interest Rate Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset						0
Derivative liability	0			0		0
Fair Value, Measurements, Nonrecurring | Properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	18,842			18,842		23,533
Impairment of real estate				10,305		7,983
Fair Value, Measurements, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0			0		0
Fair Value, Measurements, Nonrecurring | Significant Other Observable Inputs (Level 2) | Properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0			0		0
Fair Value, Measurements, Nonrecurring | Significant Unobservable Inputs (Level 3) | Properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	$ 18,842			$ 18,842		$ 23,533

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Performance obligation, description of timing			The agreements range in term from less than one year to 25 or more years, with certain agreements containing renewal options. These renewal options range from as little as one month to five or more years.
Rental income based on percentage rents	$ 0.6	$ 1.1	$ 3.6	$ 6

Revenue Recognition - COVID-19

Revenue Recognition - COVID-19 (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2020
Receivables
Deferred Lease Payments , Not Lease Modifications
Beginning balance	$ 10,888	$ 0
Deferred lease payments (not lease modifications)	18,650	14,165
Deferred lease payments deemed uncollectible	(8,742)	(3,228)
Deferred lease payments received	(2,318)	(49)
Ending balance	18,478	$ 10,888	$ 18,478
Deferrals
Deferrals and Abatements
Lease payments (lease modifications)	1,991		2,735
Lease payments (not lease modifications)	18,650		32,815
Lease payments	20,641		35,550
Abatements
Deferrals and Abatements
Lease payments (lease modifications)	1,686		1,893
Lease payments (not lease modifications)	402		438
Lease payments	$ 2,088		$ 2,331

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Additional term of contract			100 years
Supplemental Statements of Operations Information
Operating lease costs	$ 1,761	$ 1,705	$ 5,278	$ 5,121
Short-term lease costs	10	9	29	29
Variable lease costs	146	80	380	336
Total lease costs	1,917	1,794	5,687	5,486
Operating cash outflows from operating leases		5,226	5,286
ROU assets obtained in exchange for operating lease liabilities		$ 44,354	1,140
ROU assets written off due to lease modifications			(1,748)	$ 0
Operating Lease Liabilities
2020 (remaining three months)	1,762		1,762
2021	6,257		6,257
2022	6,028		6,028
2023	5,339		5,339
2024	5,246		5,246
Thereafter	30,073		30,073
Total future minimum operating lease payments	54,705		54,705
Less: imputed interest	(14,785)		(14,785)
Operating lease liabilities	39,920		39,920		$ 44,707
ROU asset	$ 35,318		$ 35,318		$ 39,860
Weighted average remaining lease term	12 years 8 months 12 days		12 years 8 months 12 days		10 years 10 months 24 days
Weighted average discount rate	4.39%		4.39%		4.30%
Minimum
Lessee, Lease, Description [Line Items]
Term of contract	1 year		1 year
Maximum
Lessee, Lease, Description [Line Items]
Term of contract	50 years		50 years

Equity and Capital (Details)

Equity and Capital (Details) - USD ($)	3 Months Ended					9 Months Ended
	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019	Jan. 31, 2020	Dec. 31, 2019
Schedule of Shareholders' Equity [Line Items]
Compensation cost						$ 100,000	$ 100,000
Available repurchase amount	$ 375,000,000					375,000,000
Dividends, per common share (in dollars per share)	$ 0	$ 0.285	$ 0.28	$ 0.28	$ 0.28
Accounts Payable and Accrued Liabilities
Schedule of Shareholders' Equity [Line Items]
Dividends payable	$ 1,800,000					$ 1,800,000			$ 87,200,000
Common Stock
Schedule of Shareholders' Equity [Line Items]
At-the-market equity offering program								$ 400,000,000
At-the-market equity offering program, period						3 years
At-the-market equity offering program, shares issued (in shares)	0					0
At-the-market equity offering program, stock available for future issuance						$ 400,000,000
Share repurchase program, number of shares authorized (in shares)	1,700,000		800,000			1,700,000	800,000
Share repurchase program, average cost per share						$ 15.14	$ 17.43
Share repurchase program, value						$ 25,000,000	$ 14,600,000
Stock repurchased during period (in shares)		1,650,000		175,000	660,000
Common Stock | RSUs
Schedule of Shareholders' Equity [Line Items]
Stock repurchased during period (in shares)						200,000	100,000
Common Stock | Maximum
Schedule of Shareholders' Equity [Line Items]
Share repurchase program, authorized amount								$ 400,000,000

Stock Based Compensation (Detai

Stock Based Compensation (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	15		15
Grants in period			0.7	0.8
Risk free interest rate				2.55%
Expected dividend rate				5.60%
Equity based compensation, net	$ 3.5	$ 3.5	$ 8.5	$ 9.5
Amount capitalized	(0.3)	$ (0.2)	(0.7)	$ (0.6)
Compensation cost not yet recognized	$ 17.1		$ 17.1
Weighted average remaining contractual term			2 years 1 month 6 days
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period			1 year
Expected volatility rate			20.00%	20.00%
Risk free interest rate			1.20%
Expected dividend rate			5.90%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period			5 years
Expected volatility rate			23.00%	21.00%
Risk free interest rate			1.30%
Expected dividend rate			6.00%

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share, Basic [Abstract]
Net income	$ 27,944	$ 80,854	$ 96,769	$ 212,714
Non-forfeitable dividends on unvested restricted shares	(82)	(176)	(269)	(484)
Net income attributable to the Company’s common stockholders for basic earnings per share	$ 27,862	$ 80,678	$ 96,500	$ 212,230
Weighted average number shares outstanding – basic	296,562	298,031	296,982	298,257
Net income per share (usd per share)	$ 0.09	$ 0.27	$ 0.32	$ 0.71
Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for diluted earnings per share	$ 27,862	$ 80,678	$ 96,500	$ 212,230
Equity awards (in shares)	300	848	335	670
Weighted average shares outstanding - diluted (in shares)	296,862	298,879	297,317	298,927
Net income per share (usd per share)	$ 0.09	$ 0.27	$ 0.32	$ 0.71

Earnings per Unit (Details)

Earnings per Unit (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Schedule of Earnings per Share [Line Items]
Net income	$ 27,944	$ 80,854	$ 96,769	$ 212,714
Non-forfeitable dividends on unvested restricted shares	(82)	(176)	(269)	(484)
Net income attributable to the Company’s common stockholders for basic earnings per share	$ 27,862	$ 80,678	$ 96,500	$ 212,230
Weighted average number shares outstanding – basic	296,562	298,031	296,982	298,257
Net income per share (usd per share)	$ 0.09	$ 0.27	$ 0.32	$ 0.71
Net income attributable to the Company’s common stockholders for diluted earnings per share	$ 27,862	$ 80,678	$ 96,500	$ 212,230
Equity awards (in shares)	300	848	335	670
Weighted average shares outstanding - diluted (in shares)	296,862	298,879	297,317	298,927
Net income per share (usd per share)	$ 0.09	$ 0.27	$ 0.32	$ 0.71
Brixmor Operating Partnership LP
Schedule of Earnings per Share [Line Items]
Net income	$ 27,944	$ 80,854	$ 96,769	$ 212,714
Non-forfeitable dividends on unvested restricted shares	(82)	(176)	(269)	(484)
Net income attributable to the Company’s common stockholders for basic earnings per share	$ 27,862	$ 80,678	$ 96,500	$ 212,230
Weighted average number shares outstanding – basic	296,562	298,031	296,982	298,257
Net income per share (usd per share)	$ 0.09	$ 0.27	$ 0.32	$ 0.71
Net income attributable to the Company’s common stockholders for diluted earnings per share	$ 27,862	$ 80,678	$ 96,500	$ 212,230
Equity awards (in shares)	300	848	335	670
Weighted average shares outstanding - diluted (in shares)	296,862	298,879	297,317	298,927
Net income per share (usd per share)	$ 0.09	$ 0.27	$ 0.32	$ 0.71

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares	Oct. 30, 2020	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019
Subsequent Event [Line Items]
Dividends, per common share (in dollars per share)		$ 0	$ 0.285	$ 0.28	$ 0.28	$ 0.28
Subsequent Event
Subsequent Event [Line Items]
Dividends, per common share (in dollars per share)	$ 0.215