Brixmor Property (BRX) 10-Q 2 May 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2022	Apr. 01, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
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	2022
Document Fiscal Period Focus	Q1
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		299,534,217
Brixmor Operating Partnership LP [Member]
Entity Information [Line Items]
Document Type	10-Q
Document Period End Date	Mar. 31, 2022
Entity File Number	333-256637-01
Entity Registrant Name	Brixmor Operating Partnership LP
Entity Central Index Key	0001630031
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
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	Mar. 31, 2022	Dec. 31, 2021
Real estate
Land	$ 1,807,111	$ 1,773,448
Buildings and improvements	8,765,794	8,654,966
Real estate, gross	10,572,905	10,428,414
Accumulated depreciation and amortization	(2,847,814)	(2,813,329)
Real estate, net	7,725,091	7,615,085
Cash and cash equivalents	31,567	296,632
Restricted cash	8,817	1,111
Marketable securities	19,315	20,224
Receivables, net	239,856	234,873
Deferred charges and prepaid expenses, net	144,401	143,503
Real estate assets held for sale	24,398	16,131
Other assets	52,732	49,834
Total assets	8,246,177	8,377,393
Liabilities
Debt obligations, net	5,010,568	5,164,518
Accounts payable, accrued expenses and other liabilities	461,951	494,529
Total liabilities	5,472,519	5,659,047
Commitments and contingencies (Note 15)	0	0
Equity
Common stock	2,995	2,972
Additional paid-in capital	3,269,719	3,231,732
Accumulated other comprehensive loss	(1,722)	(12,674)
Distributions in excess of net income	(497,334)	(503,684)
Total equity	2,773,658	2,718,346
Total liabilities and equity	8,246,177	8,377,393
Brixmor Operating Partnership LP
Real estate
Land	1,807,111	1,773,448
Buildings and improvements	8,765,794	8,654,966
Real estate, gross	10,572,905	10,428,414
Accumulated depreciation and amortization	(2,847,814)	(2,813,329)
Real estate, net	7,725,091	7,615,085
Cash and cash equivalents	25,039	281,474
Restricted cash	8,817	1,111
Marketable securities	19,315	20,224
Receivables, net	239,856	234,873
Deferred charges and prepaid expenses, net	144,401	143,503
Real estate assets held for sale	24,398	16,131
Other assets	52,732	49,834
Total assets	8,239,649	8,362,235
Liabilities
Debt obligations, net	5,010,568	5,164,518
Accounts payable, accrued expenses and other liabilities	461,951	494,529
Total liabilities	5,472,519	5,659,047
Commitments and contingencies (Note 15)	0	0
Equity
Common stock	2,768,852	2,715,863
Accumulated other comprehensive loss	(1,722)	(12,675)
Total equity	2,767,130	2,703,188
Total liabilities and equity	$ 8,239,649	$ 8,362,235

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	3,000,000,000	3,000,000,000
Common stock, shares issued	308,615,244	306,337,045
Common stock, shares outstanding	299,488,252	297,210,053
Brixmor Operating Partnership LP
Common stock, shares issued	308,615,244	306,337,045
Common stock, shares outstanding	299,488,252	297,210,053

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues
Rental income	$ 298,362	$ 276,461
Other revenues	267	3,285
Total revenues	298,629	279,746
Operating expenses
Operating costs	34,796	31,385
Real estate taxes	41,640	42,888
Depreciation and amortization	84,222	83,420
Impairment of real estate assets	4,590	1,467
General and administrative	28,000	24,645
Total operating expenses	193,248	183,805
Other income (expense)
Dividends and interest	75	87
Interest expense	(47,322)	(48,994)
Gain on sale of real estate assets	21,911	5,764
Loss on extinguishment of debt, net	0	(1,197)
Other	(539)	770
Total other expense	(25,875)	(43,570)
Net income	$ 79,506	$ 52,371
Earnings Per Share [Abstract]
Basic (usd per share)	$ 0.27	$ 0.18
Diluted (usd per share)	$ 0.26	$ 0.18
Weighted average shares:
Basic (in shares)	298,528	297,110
Diluted (in shares)	299,457	297,846
Brixmor Operating Partnership LP
Revenues
Rental income	$ 298,362	$ 276,461
Other revenues	267	3,285
Total revenues	298,629	279,746
Operating expenses
Operating costs	34,796	31,385
Real estate taxes	41,640	42,888
Depreciation and amortization	84,222	83,420
Impairment of real estate assets	4,590	1,467
General and administrative	28,000	24,645
Total operating expenses	193,248	183,805
Other income (expense)
Dividends and interest	75	87
Interest expense	(47,322)	(48,994)
Gain on sale of real estate assets	21,911	5,764
Loss on extinguishment of debt, net	0	(1,197)
Other	(539)	770
Total other expense	(25,875)	(43,570)
Net income	$ 79,506	$ 52,371
Earnings Per Share [Abstract]
Basic (usd per share)	$ 0.27	$ 0.18
Diluted (usd per share)	$ 0.26	$ 0.18
Weighted average shares:
Basic (in shares)	298,528	297,110
Diluted (in shares)	299,457	297,846

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net income	$ 79,506	$ 52,371
Other comprehensive income (loss)
Change in unrealized gain on interest rate swaps, net (Note 6)	11,281	5,666
Change in unrealized loss on marketable securities	(329)	(94)
Total other comprehensive income	10,952	5,572
Comprehensive income	90,458	57,943
Brixmor Operating Partnership LP
Net income	79,506	52,371
Other comprehensive income (loss)
Change in unrealized gain on interest rate swaps, net (Note 6)	11,282	5,666
Change in unrealized loss on marketable securities	(329)	(94)
Total other comprehensive income	10,953	5,572
Comprehensive income	$ 90,459	$ 57,943

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Brixmor Operating Partnership LP	Common Stock	Common StockBrixmor Operating Partnership LP	Additional Paid-in Capital	Additional Paid-in CapitalBrixmor Operating Partnership LP	Accumulated Other Comprehensive Loss	Distributions in Excess of Net Income
Beginning balance (in shares) at Dec. 31, 2020			296,494
Beginning balance at Dec. 31, 2020	$ 2,680,701	$ 2,670,687	$ 2,965	$ 2,698,746	$ 3,213,990	$ (28,059)	$ (28,058)	$ (508,196)
Increase (Decrease) in Equity [Roll Forward]
Common stock dividends	(65,120)	(65,120)		(65,120)				(65,120)
Equity based compensation expense	2,792	2,792		2,792	2,792
Other comprehensive income (loss)	5,572	5,572				5,572	5,572
Issuance of common stock (in shares)			452
Issuance of common stock	0	0	$ 4	0	(4)
Share-based awards retained for taxes	(5,113)	(5,113)		(5,113)	(5,113)
Net income	52,371	52,371		52,371				52,371
Ending balance (in shares) at Mar. 31, 2021			296,946
Ending balance at Mar. 31, 2021	2,671,203	2,661,189	$ 2,969	2,683,676	3,211,665	(22,487)	(22,486)	(520,945)
Beginning balance (in shares) at Dec. 31, 2021			297,210
Beginning balance at Dec. 31, 2021	2,718,346	2,703,188	$ 2,972	2,715,863	3,231,732	(12,675)	(12,674)	(503,684)
Increase (Decrease) in Equity [Roll Forward]
Common stock dividends	(73,156)	(64,527)		(64,527)				(73,156)
Equity based compensation expense	4,620	4,620		4,620	4,620
Other comprehensive income (loss)	10,952	10,953				10,953	10,952
Issuance of common stock (in shares)			2,278
Issuance of common stock	43,848	43,848	$ 23	43,848	43,825
Share-based awards retained for taxes	(10,458)	(10,458)		(10,458)	(10,458)
Net income	79,506	79,506		79,506				79,506
Ending balance (in shares) at Mar. 31, 2022			299,488
Ending balance at Mar. 31, 2022	$ 2,773,658	$ 2,767,130	$ 2,995	$ 2,768,852	$ 3,269,719	$ (1,722)	$ (1,722)	$ (497,334)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Dividends, per common share (in dollars per share)	$ 0.240	$ 0.215

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parent) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities:
Net income	$ 79,506	$ 52,371
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	84,222	83,420
Accretion of debt premium and discount, net	(716)	(725)
Deferred financing cost amortization	1,766	1,881
Accretion of above- and below-market leases, net	(2,971)	(2,930)
Tenant inducement amortization and other	1,048	2,071
Impairment of real estate assets	4,590	1,467
Gain on sale of real estate assets	(21,911)	(5,764)
Equity based compensation	4,315	2,592
Loss on extinguishment of debt, net	0	1,197
Changes in operating assets and liabilities:
Receivables, net	(4,682)	7,084
Deferred charges and prepaid expenses	(8,605)	(3,815)
Other assets	(180)	(58)
Accounts payable, accrued expenses and other liabilities	(24,122)	(28,278)
Net cash provided by operating activities	112,260	110,513
Investing activities:
Improvements to and investments in real estate assets	(70,121)	(62,844)
Acquisitions of real estate assets	(164,262)	(3,779)
Proceeds from sales of real estate assets	58,870	31,793
Purchase of marketable securities	(8,844)	(3,894)
Proceeds from sale of marketable securities	9,420	4,599
Net cash used in investing activities	(174,937)	(34,125)
Financing activities:
Repayment of borrowings under unsecured revolving credit facility	(115,000)	0
Proceeds from borrowings under unsecured revolving credit facility	210,000	0
Proceeds from unsecured notes	0	349,360
Repayment of borrowings under unsecured term loans and notes	(250,000)	(350,000)
Deferred financing and debt extinguishment costs	0	(3,088)
Proceeds from issuances	43,871	0
Distributions to common stockholders	(73,095)	(64,950)
Repurchases of common shares in conjunction with equity award plans	(10,458)	(5,113)
Net cash used in financing activities	(194,682)	(73,791)
Net change in cash, cash equivalents and restricted cash	(257,359)	2,597
Cash, cash equivalents and restricted cash at beginning of period	297,743	370,087
Cash, cash equivalents and restricted cash at end of period	40,384	372,684
Reconciliation to consolidated balance sheets:
Cash and cash equivalents	31,567	371,402
Restricted cash	8,817	1,282
Cash, cash equivalents and restricted cash at end of period	40,384	372,684
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amount capitalized of $677 and $931	$ 48,491	$ 54,388

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (OP) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities:
Net income	$ 79,506	$ 52,371
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	84,222	83,420
Accretion of debt premium and discount, net	(716)	(725)
Deferred financing cost amortization	1,766	1,881
Accretion of above- and below-market leases, net	(2,971)	(2,930)
Tenant inducement amortization and other	1,048	2,071
Impairment of real estate assets	4,590	1,467
Gain on sale of real estate assets	(21,911)	(5,764)
Equity based compensation	4,315	2,592
Loss on extinguishment of debt, net	0	1,197
Changes in operating assets and liabilities:
Receivables, net	(4,682)	7,084
Deferred charges and prepaid expenses	(8,605)	(3,815)
Other assets	(180)	(58)
Accounts payable, accrued expenses and other liabilities	(24,122)	(28,278)
Net cash provided by operating activities	112,260	110,513
Investing activities:
Improvements to and investments in real estate assets	(70,121)	(62,844)
Acquisitions of real estate assets	(164,262)	(3,779)
Proceeds from sales of real estate assets	58,870	31,793
Purchase of marketable securities	(8,844)	(3,894)
Proceeds from sale of marketable securities	9,420	4,599
Net cash used in investing activities	(174,937)	(34,125)
Financing activities:
Repayment of borrowings under unsecured revolving credit facility	(115,000)	0
Proceeds from borrowings under unsecured revolving credit facility	210,000	0
Proceeds from unsecured notes	0	349,360
Repayment of borrowings under unsecured term loans and notes	(250,000)	(350,000)
Deferred financing and debt extinguishment costs	0	(3,088)
Proceeds from issuances of OP Units	43,871	0
Net cash used in financing activities	(194,682)	(73,791)
Net change in cash, cash equivalents and restricted cash	(257,359)	2,597
Cash, cash equivalents and restricted cash at beginning of period	297,743	370,087
Cash, cash equivalents and restricted cash at end of period	40,384	372,684
Reconciliation to consolidated balance sheets:
Cash and cash equivalents	31,567	371,402
Restricted cash	8,817	1,282
Cash, cash equivalents and restricted cash at end of period	40,384	372,684
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amount capitalized of $677 and $931	48,491	54,388
Brixmor Operating Partnership LP
Operating activities:
Net income	79,506	52,371
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	84,222	83,420
Accretion of debt premium and discount, net	(716)	(725)
Deferred financing cost amortization	1,766	1,881
Accretion of above- and below-market leases, net	(2,971)	(2,930)
Tenant inducement amortization and other	1,048	2,071
Impairment of real estate assets	4,590	1,467
Gain on sale of real estate assets	(21,911)	(5,764)
Equity based compensation	4,315	2,592
Loss on extinguishment of debt, net	0	1,197
Changes in operating assets and liabilities:
Receivables, net	(4,682)	7,084
Deferred charges and prepaid expenses	(8,605)	(3,815)
Other assets	(180)	(58)
Accounts payable, accrued expenses and other liabilities	(24,122)	(28,278)
Net cash provided by operating activities	112,260	110,513
Investing activities:
Improvements to and investments in real estate assets	(70,121)	(62,844)
Acquisitions of real estate assets	(164,262)	(3,779)
Proceeds from sales of real estate assets	58,870	31,793
Purchase of marketable securities	(8,844)	(3,894)
Proceeds from sale of marketable securities	9,420	4,599
Net cash used in investing activities	(174,937)	(34,125)
Financing activities:
Repayment of borrowings under unsecured revolving credit facility	(115,000)	0
Proceeds from borrowings under unsecured revolving credit facility	210,000	0
Proceeds from unsecured notes	0	349,360
Repayment of borrowings under unsecured term loans and notes	(250,000)	(350,000)
Deferred financing and debt extinguishment costs	0	(3,088)
Proceeds from issuances of OP Units	43,871	0
Partner distributions and repurchases of OP Units	(74,923)	(70,063)
Net cash used in financing activities	(186,052)	(73,791)
Net change in cash, cash equivalents and restricted cash	(248,729)	2,597
Cash, cash equivalents and restricted cash at beginning of period	282,585	360,073
Cash, cash equivalents and restricted cash at end of period	33,856	362,670
Reconciliation to consolidated balance sheets:
Cash and cash equivalents	25,039	361,388
Restricted cash	8,817	1,282
Cash, cash equivalents and restricted cash at end of period	33,856	362,670
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amount capitalized of $677 and $931	$ 48,491	$ 54,388

CONDENSED CONSOLIDATED STATEM_7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest paid, capitalized	$ 677	$ 931
Brixmor Operating Partnership LP
Interest paid, capitalized	$ 677	$ 931

Acquisition of Real Estate

Acquisition of Real Estate	3 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisition of Real Estate	Acquisition of Real Estate During the three months ended March 31, 2022, the Company acquired the following assets, in separate transactions: Description (1)(2) Location Month Acquired GLA Aggregate Purchase Price (3) Brea Gateway Brea, CA Jan-22 181,819 $ 83,991 Land at Cobblestone Village St. Augustine, FL Jan-22 N/A 1,661 Arboretum Village Dallas, TX Jan-22 95,354 46,330 Ravinia Plaza Orland Park, IL Feb-22 101,800 26,160 Adjustments related to previously acquired assets Various Various N/A 50 378,973 $ 158,192 (1) No debt was assumed related to any of the listed acquisitions. (2) In addition, during the three months ended March 31, 2022, the Company funded $6.1 million of deposits on assets that are under contract to be acquired. (3) Aggregate purchase price includes $0.8 million of transaction costs, offset by $2.0 million of closing credits. During the three months ended March 31, 2021, the Company acquired the following assets, in separate transactions: Description (1) Location Month Acquired GLA Aggregate Purchase Price (2) Land at Ellisville Square (3) Ellisville, MO Jan-21 N/A $ 2,014 Outparcel adjacent to Cobblestone Village St. Augustine, FL Feb-21 5,040 1,520 Land associated with Westgate Plaza Westfield, MA Mar-21 N/A 245 5,040 $ 3,779 (1) No debt was assumed related to any of the listed acquisitions. (2) Aggregate purchase price includes $0.2 million of transaction costs. (3) The Company terminated a ground lease and acquired a land parcel. The aggregate purchase price of the assets acquired during the three months ended March 31, 2022 and 2021, respectively, has been allocated as follows: Three Months Ended March 31, Assets (1) 2022 2021 Land $ 44,600 $ 2,738 Buildings 100,883 1,041 Building and tenant improvements 14,917 — Above-market leases (2) 543 — In-place leases (3) 10,319 — Total assets acquired $ 171,262 $ 3,779 Liabilities Below-market leases (4) $ 11,244 $ — Other liabilities 1,826 — Total liabilities 13,070 — Net assets acquired $ 158,192 $ 3,779 (1) In addition, during the three months ended March 31, 2022, the Company funded $6.1 million of deposits on assets that are under contract to be acquired. (2) The weighted average amortization period at the time of acquisition for above-market leases related to assets acquired during the three months ended March 31, 2022 was 6.4 years. (3) The weighted average amortization period at the time of acquisition for in-place leases related to assets acquired during the three months ended March 31, 2022 was 12.2 years. (4) The weighted average amortization period at the time of acquisition for below-market leases related to assets acquired during the three months ended March 31, 2022 was 19.8 years.

Nature of Business and Financia

Nature of Business and Financial Statement Presentation	3 Months Ended
	Mar. 31, 2022
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”) 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 limited liability company interests of BPG Subsidiary LLC (“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 substantial 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”) owns and operates one of the largest publicly-traded 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 March 31, 2022, the Company’s portfolio was comprised of 380 shopping centers (the “Portfolio”) totaling approximately 67 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, 2021 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 7, 2022. 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. 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 annually 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 continue 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, state, and local 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 March 31, 2022 and December 31, 2021. Open tax years generally range from 2018 through 2021 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 Any recently issued accounting standards or pronouncements have been excluded as they either are not relevant to the Company, or they are not expected to 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	3 Months Ended
	Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Dispositions and Assets Held for Sale	Dispositions and Assets Held for Sale During the three months ended March 31, 2022, the Company disposed of five shopping centers and one partial shopping center for aggregate net proceeds of $58.9 million, resulting in aggregate gain of $21.8 million and aggregate impairment of $1.1 million. In addition, during the three months ended March 31, 2022, the Company resolved contingencies related to previously disposed assets, resulting in net gain of $0.1 million. During the three months ended March 31, 2021, the Company disposed of four shopping centers and four partial shopping centers for aggregate net proceeds of $31.8 million, resulting in aggregate gain of $5.8 million and aggregate impairment of $1.5 million. As of March 31, 2022, the Company had three properties and two partial properties held for sale. As of December 31, 2021, the Company had one property and two partial properties held for sale. There were no liabilities associated with the properties classified as held for sale. The following table presents the assets associated with the properties classified as held for sale: Assets March 31, 2022 December 31, 2021 Land $ 4,980 $ 4,339 Buildings and improvements 33,716 19,181 Accumulated depreciation and amortization (14,842) (7,899) Real estate, net 23,854 15,621 Other assets 544 510 Assets associated with real estate assets held for sale $ 24,398 $ 16,131

Real Estate

Real Estate	3 Months Ended
	Mar. 31, 2022
Real Estate [Abstract]
Real Estate	Real Estate The Company’s components of Real estate, net consisted of the following: March 31, 2022 December 31, 2021 Land $ 1,807,111 $ 1,773,448 Buildings and improvements: Buildings and tenant improvements 8,220,958 8,110,742 Lease intangibles (1) 544,836 544,224 10,572,905 10,428,414 Accumulated depreciation and amortization (2) (2,847,814) (2,813,329) Total $ 7,725,091 $ 7,615,085 (1) As of March 31, 2022 and December 31, 2021, Lease intangibles consisted of $492.3 million and $491.0 million, respectively, of in-place leases and $52.5 million and $53.2 million, respectively, of above-market leases. These intangible assets are amortized over the term of each related lease. (2) As of March 31, 2022 and December 31, 2021, Accumulated depreciation and amortization included $473.5 million and $480.9 million, respectively, of accumulated amortization related to Lease intangibles. In addition, as of March 31, 2022 and December 31, 2021, the Company had intangible liabilities relating to below-market leases of $341.6 million and $337.1 million, respectively, and accumulated accretion of $252.8 million and $256.2 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 March 31, 2022 and 2021 was $3.0 million and $2.9 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 March 31, 2022 and 2021 was $4.1 million and $3.6 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 2022 (remaining nine months) $ (7,754) $ 10,843 2023 (9,330) 11,763 2024 (8,677) 8,992 2025 (7,350) 6,664 2026 (6,453) 5,142

Impairments

Impairments	3 Months Ended
	Mar. 31, 2022
Impairment of Real Estate [Abstract]
Impairments	Impairments Management periodically assesses whether there are any indicators, including property operating performance, changes in anticipated hold period, and general market conditions 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, an impairment charge is recognized to reflect the estimated fair value. The Company recognized the following impairments during the three months ended March 31, 2022: Three Months Ended March 31, 2022 Property Name (1) Location GLA Impairment Charge Torrington Plaza (2) Torrington, CT 125,496 $ 3,502 New Garden Center (3) Kennett Square, PA 147,370 1,088 272,866 $ 4,590 (1) The Company recognized impairment charges based upon changes in the anticipated hold periods of these properties and/or offers from third-party buyers in connection with the Company’s capital recycling program. (2) This property was classified as held for sale as of March 31, 2022. (3) The Company disposed of this property during the three months ended March 31, 2022. The Company recognized the following impairment during the three months ended March 31, 2021: Three Months Ended March 31, 2021 Property Name (1) Location GLA Impairment Charge Albany Plaza (2) Albany, GA 114,169 $ 1,467 114,169 $ 1,467 (1) The Company recognized an impairment charge based upon a change in the anticipated hold period of this property 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, 2021. 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	3 Months Ended
	Mar. 31, 2022
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-rate debt. During the three months ended March 31, 2022 and year ended December 31, 2021, the Company did not enter into any new interest rate swap agreements. During the year ended December 31, 2021, interest rate swaps with a notional amount of $250.0 million expired and the Company paid $1.1 million to terminate interest rate swaps with a notional amount of $250.0 million. Detail on the Company’s interest rate derivatives designated as cash flow hedges outstanding as of March 31, 2022 and December 31, 2021 is as follows: Number of Instruments Notional Amount March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Interest Rate Swaps 4 4 $ 300,000 $ 300,000 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 March 31, 2022 and December 31, 2021 is as follows: Fair Value of Derivative Instruments Interest rate swaps classified as: March 31, 2022 December 31, 2021 Gross derivative assets $ — $ — Gross derivative liabilities (1,304) (12,585) Net derivative liabilities $ (1,304) $ (12,585) 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 analyses, on the expected cash flows of each derivative. These analyses reflect the contractual terms of the derivative, including the period to maturity, and use 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 months ended March 31, 2022 and 2021 is as follows: Derivatives in Cash Flow Hedging Relationships Three Months Ended March 31, 2022 2021 Change in unrealized gain on interest rate swaps $ 9,434 $ 2,599 Amortization of interest rate swaps to interest expense 1,847 3,067 Change in unrealized gain on interest rate swaps, net $ 11,281 $ 5,666 The Company estimates that $2.5 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 months ended March 31, 2022 and 2021. Non-Designated (Mark-to-Market) Hedges of Interest Rate Risk The Company does not use derivatives for trading or speculative purposes. As of March 31, 2022 and December 31, 2021, 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 such agreements at their termination value, including accrued interest.

Debt Obligations

Debt Obligations	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt Obligations	Debt Obligations As of March 31, 2022 and December 31, 2021, the Company had the following indebtedness outstanding: Carrying Value as of March 31, December 31, Stated Interest Rate (1) Scheduled Notes payable Unsecured notes (2) $ 4,618,453 $ 4,868,453 2.25% – 7.97% 2024 – 2031 Net unamortized premium 25,935 26,651 Net unamortized debt issuance costs (25,732) (26,913) Total notes payable, net $ 4,618,656 $ 4,868,191 Unsecured Credit Facility and term loans Unsecured Credit Facility - Revolving Facility $ 95,000 $ — 1.55% 2023 Unsecured $300 Million Term Loan (3) 300,000 300,000 1.48% 2024 Net unamortized debt issuance costs (3,088) (3,673) Total Unsecured Credit Facility and term loans $ 391,912 $ 296,327 Total debt obligations, net $ 5,010,568 $ 5,164,518 (1) Stated interest rates as of March 31, 2022 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 3.69% as of March 31, 2022. (3) Effective January 2, 2019, the Company has in place four interest rate swap agreements that convert the variable interest rate on the Company’s $300.0 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. 2022 Debt Transactions During the three months ended March 31, 2022, the Operating Partnership repaid $250.0 million principal amount of its Floating Rate Senior Notes due 2022 (the “2022 Notes”), representing all of the outstanding 2022 Notes, with available cash on hand. In addition, during the three months ended March 31, 2022, the Operating Partnership borrowed $95.0 million, net of repayments, under its $1.25 billion revolving credit facility (the “Revolving Facility”), the proceeds of which were used for general corporate purposes, including $99.3 million of acquisitions, net of dispositions. 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 March 31, 2022. Debt Maturities As of March 31, 2022 and December 31, 2021, the Company had accrued interest of $44.1 million and $46.3 million outstanding, respectively. As of March 31, 2022, scheduled maturities of the Company’s outstanding debt obligations were as follows: Year ending December 31, 2022 (remaining nine months) $ — 2023 95,000 2024 800,000 2025 700,000 2026 607,542 Thereafter 2,810,911 Total debt maturities 5,013,453 Net unamortized premium 25,935 Net unamortized debt issuance costs (28,820) Total debt obligations, net $ 5,010,568 As of the date the financial statements were issued, the Company did not have any scheduled debt maturities for the next 12 months. See Note 17 - Subsequent Events for information regarding the amendment to the Revolving Facility, which occurred subsequent to March 31, 2022.

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Mar. 31, 2022
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: March 31, 2022 December 31, 2021 Carrying Fair Carrying Fair Notes payable $ 4,618,656 $ 4,570,720 $ 4,868,191 $ 5,166,291 Unsecured Credit Facility and term loans 391,912 395,614 296,327 300,629 Total debt obligations, net $ 5,010,568 $ 4,966,334 $ 5,164,518 $ 5,466,920 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. Based on the above criteria, 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 Levels 1 and 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 March 31, 2022 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Assets: Marketable securities (1) $ 19,315 $ 1,208 $ 18,107 $ — Liabilities: Interest rate derivatives $ (1,304) $ — $ (1,304) $ — Fair Value Measurements as of December 31, 2021 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Assets: Marketable securities (1) $ 20,224 $ 6,304 $ 13,920 $ — Liabilities: Interest rate derivatives $ (12,585) $ — $ (12,585) $ — (1) As of March 31, 2022 and December 31, 2021, marketable securities included $0.4 million and $0.1 million of net unrealized losses, respectively. As of March 31, 2022, the contractual maturities of the Company’s marketable securities are within the next five years. Non-Recurring Fair Value Management periodically assesses whether there are any indicators, including property operating performance, changes in anticipated hold period, and general market conditions 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 that 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 three months ended March 31, 2022, excluding the properties sold prior to March 31, 2022. During the year ended December 31, 2021, no properties were remeasured to fair value as a result of impairment testing that were not sold prior to December 31, 2021. Fair Value Measurements as of March 31, 2022 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) $ 8,695 $ — $ — $ 8,695 $ 3,502 (1) Excludes properties disposed of prior to March 31, 2022. (2) The carrying value of the property remeasured to fair value based upon offers from third-party buyers during the three months ended March 31, 2022 is $8.7 million related to Torrington Plaza.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2022
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 a portion 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, certain leases may require variable lease payments associated with percentage rents, which are recognized upon the achievement of certain predetermined sales thresholds. The Company recognized $3.4 million and $2.3 million of income based on percentage rents for the three months ended March 31, 2022 and 2021, respectively. These amounts are included in Rental income on the Company’s unaudited Condensed Consolidated Statements of Operations.

Leases

Leases	3 Months Ended
	Mar. 31, 2022
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 an operating lease right-of-use (“ROU”) asset and an operating lease liability based on the present value of the minimum lease payments over the non-cancelable lease term. As of March 31, 2022, the Company is not including any prospective renewal or termination options in its ROU assets or lease liabilities, as the exercise of such options is not reasonably certain. Certain agreements require the Company to pay a portion of property operating expenses, including 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 March 31, Supplemental Statements of Operations Information 2022 2021 Operating lease costs $ 1,438 $ 1,618 Short-term lease costs — 1 Variable lease costs 80 115 Total lease costs $ 1,518 $ 1,734 Three Months Ended March 31, Supplemental Statements of Cash Flows Information 2022 2021 Operating cash outflows from operating leases $ 1,538 $ 1,663 ROU assets obtained in exchange for operating lease liabilities 112 — Operating Lease Liabilities As of Future minimum operating lease payments: 2022 (remaining nine months) $ 4,459 2023 5,296 2024 5,203 2025 4,902 2026 4,177 Thereafter 21,644 Total future minimum operating lease payments 45,681 Less: imputed interest (13,018) Operating lease liabilities $ 32,663 Supplemental Balance Sheets Information As of As of December 31, 2021 Operating lease liabilities (1)(2) $ 32,663 $ 33,713 ROU assets (1)(3) 28,374 29,325 (1) As of March 31, 2022 and December 31, 2021, the weighted average remaining lease term was 13.0 years and 12.7 years, respectively, and the weighted average discount rate was 4.43% and 4.41%, 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 March 31, 2022, there were no material leases that have been executed but not yet commenced.

Equity and Capital

Equity and Capital	3 Months Ended
	Mar. 31, 2022
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. The ATM Program also provides that the Company may enter into forward contracts for shares of its common stock with forward sellers and forward purchasers. The ATM Program is scheduled to expire on January 9, 2023, unless earlier terminated or extended by the Company, sales agents, forward sellers, and forward purchasers. During the three months ended March 31, 2022, the Company issued 1.7 million shares of common stock under the ATM Program at an average price per share of $25.49 for total gross proceeds of $44.4 million, excluding commissions. The Company incurred commissions of $0.6 million in conjunction with the ATM Program for the three months ended March 31, 2022. During the three months ended March 31, 2021, the Company did not issue any shares of common stock. As of March 31, 2022, $350.4 million of common stock remained available for issuance under the ATM Program. Share Repurchase Program In January 2020, the Company established a share repurchase program (the “Program”) for up to $400.0 million of its common stock. The Program is scheduled to expire on January 9, 2023, unless suspended or extended by the board of directors. During the three months ended March 31, 2022 and 2021, the Company did not repurchase any shares of common stock. As of March 31, 2022, 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 three months ended March 31, 2022 and 2021, the Company withheld 0.4 million and 0.3 million shares of its common stock, respectively. Dividends and Distributions During the three months ended March 31, 2022 and 2021, the board of directors declared common stock dividends and OP Unit distributions of $0.240 per share/unit and $0.215 per share/unit, respectively. As of March 31, 2022 and December 31, 2021, the Company had declared but unpaid common stock dividends and OP Unit distributions of $74.5 million and $74.4 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	3 Months Ended
	Mar. 31, 2022
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, RSUs, OP Units, performance awards, and other stock-based awards. During the three months ended March 31, 2022 and the year ended December 31, 2021, 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 that 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 1.0 million for the three months ended March 31, 2022 and the year ended December 31, 2021, respectively, with vesting periods ranging from one Assumption Three Months Ended March 31, 2022 Year Ended, Volatility 27.0% - 51.0% 50.0% - 64.0% Weighted average risk-free interest rate 1.08% - 1.39% 0.11% - 0.18% Weighted average common stock dividend yield 3.8% - 4.6% 4.1% - 5.8% During the three months ended March 31, 2022 and 2021, the Company recognized $4.6 million and $2.8 million of equity compensation expense, respectively, of which $0.3 million and $0.2 million was capitalized, respectively. These amounts are included in General and administrative expense on the Company’s unaudited Condensed Consolidated Statements of Operations. As of March 31, 2022, the Company had $34.9 million of total unrecognized compensation expense related to unvested stock compensation, which is expected to be recognized over a weighted average period of approximately 2.5 years.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2022
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 months ended March 31, 2022 and 2021 (dollars in thousands, except per share data): Three Months Ended March 31, 2022 2021 Computation of Basic Earnings Per Share: Net income $ 79,506 $ 52,371 Non-forfeitable dividends on unvested restricted shares (228) (186) Net income attributable to the Company’s common stockholders for basic earnings per share $ 79,278 $ 52,185 Weighted average number shares outstanding – basic 298,528 297,110 Basic earnings per share attributable to the Company’s common stockholders: Net income per share $ 0.27 $ 0.18 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for diluted earnings per share $ 79,278 $ 52,185 Weighted average shares outstanding – basic 298,528 297,110 Effect of dilutive securities: Equity awards 929 736 Weighted average shares outstanding – diluted 299,457 297,846 Diluted earnings per share attributable to the Company’s common stockholders: Net income per share $ 0.26 $ 0.18

Earnings per Unit

Earnings per Unit	3 Months Ended
	Mar. 31, 2022
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 months ended March 31, 2022 and 2021 (dollars in thousands, except per share data): Three Months Ended March 31, 2022 2021 Computation of Basic Earnings Per Share: Net income $ 79,506 $ 52,371 Non-forfeitable dividends on unvested restricted shares (228) (186) Net income attributable to the Company’s common stockholders for basic earnings per share $ 79,278 $ 52,185 Weighted average number shares outstanding – basic 298,528 297,110 Basic earnings per share attributable to the Company’s common stockholders: Net income per share $ 0.27 $ 0.18 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for diluted earnings per share $ 79,278 $ 52,185 Weighted average shares outstanding – basic 298,528 297,110 Effect of dilutive securities: Equity awards 929 736 Weighted average shares outstanding – diluted 299,457 297,846 Diluted earnings per share attributable to the Company’s common stockholders: Net income per share $ 0.26 $ 0.18
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 months ended March 31, 2022 and 2021 (dollars in thousands, except per unit data): Three Months Ended March 31, 2022 2021 Computation of Basic Earnings Per Unit: Net income $ 79,506 $ 52,371 Non-forfeitable dividends on unvested restricted units (228) (186) Net income attributable to the Operating Partnership’s common units for basic earnings per unit $ 79,278 $ 52,185 Weighted average number common units outstanding – basic 298,528 297,110 Basic earnings per unit attributable to the Operating Partnership’s common units: Net income per unit $ 0.27 $ 0.18 Computation of Diluted Earnings Per Unit: Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $ 79,278 $ 52,185 Weighted average common units outstanding – basic 298,528 297,110 Effect of dilutive securities: Equity awards 929 736 Weighted average common units outstanding – diluted 299,457 297,846 Diluted earnings per unit attributable to the Operating Partnership’s common units: Net income per unit $ 0.26 $ 0.18

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Matters 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. 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 that 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. During the three months ended March 31, 2022 and 2021, the Company did not incur any material governmental fines resulting from environmental matters.

Related-Party Transactions

Related-Party Transactions	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 and December 31, 2021, there were no material receivables from or payables to related parties. During the three months ended March 31, 2022 and 2021, the Company did not engage in any material related-party transactions.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In preparing the unaudited Condensed Consolidated Financial Statements, the Company has evaluated events and transactions occurring after March 31, 2022 for recognition and/or disclosure purposes. Based on this evaluation, there were no subsequent events from March 31, 2022 through the date the financial statements were issued other than the following: • On April 28, 2022, the Operating Partnership amended and restated its Unsecured Credit Facility and $300 Million Term Loan. The amendments provide for (i) revolving loan commitments of $1.25 billion (the “Revolving Facility”) scheduled to mature on June 30, 2026 (extending the applicable scheduled maturity date from February 28, 2023); and (ii) a continuation of the existing $300 Million Term Loan scheduled to mature on July 26, 2027 (extending the applicable scheduled maturity date from July 26, 2024) and a new $200.0 million delayed draw term loan, maturing on July 26, 2027 (together, the “Term Loan Facility”). The Revolving Facility includes two six

Nature of Business and Financ_2

Nature of Business and Financial Statement Presentation (Policies)	3 Months Ended
	Mar. 31, 2022
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, 2021 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 7, 2022.
Principles of Consolidation	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.
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 annually 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 continue 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, state, and local 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 March 31, 2022 and December 31, 2021. Open tax years generally range from 2018 through 2021 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 Any recently issued accounting standards or pronouncements have been excluded as they either are not relevant to the Company, or they are not expected to have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company.

Acquisition of Real Estate (Tab

Acquisition of Real Estate (Tables)	3 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Asset Acquisition	During the three months ended March 31, 2022, the Company acquired the following assets, in separate transactions: Description (1)(2) Location Month Acquired GLA Aggregate Purchase Price (3) Brea Gateway Brea, CA Jan-22 181,819 $ 83,991 Land at Cobblestone Village St. Augustine, FL Jan-22 N/A 1,661 Arboretum Village Dallas, TX Jan-22 95,354 46,330 Ravinia Plaza Orland Park, IL Feb-22 101,800 26,160 Adjustments related to previously acquired assets Various Various N/A 50 378,973 $ 158,192 (1) No debt was assumed related to any of the listed acquisitions. (2) In addition, during the three months ended March 31, 2022, the Company funded $6.1 million of deposits on assets that are under contract to be acquired. (3) Aggregate purchase price includes $0.8 million of transaction costs, offset by $2.0 million of closing credits. During the three months ended March 31, 2021, the Company acquired the following assets, in separate transactions: Description (1) Location Month Acquired GLA Aggregate Purchase Price (2) Land at Ellisville Square (3) Ellisville, MO Jan-21 N/A $ 2,014 Outparcel adjacent to Cobblestone Village St. Augustine, FL Feb-21 5,040 1,520 Land associated with Westgate Plaza Westfield, MA Mar-21 N/A 245 5,040 $ 3,779 (1) No debt was assumed related to any of the listed acquisitions. (2) Aggregate purchase price includes $0.2 million of transaction costs. (3) The Company terminated a ground lease and acquired a land parcel. The aggregate purchase price of the assets acquired during the three months ended March 31, 2022 and 2021, respectively, has been allocated as follows: Three Months Ended March 31, Assets (1) 2022 2021 Land $ 44,600 $ 2,738 Buildings 100,883 1,041 Building and tenant improvements 14,917 — Above-market leases (2) 543 — In-place leases (3) 10,319 — Total assets acquired $ 171,262 $ 3,779 Liabilities Below-market leases (4) $ 11,244 $ — Other liabilities 1,826 — Total liabilities 13,070 — Net assets acquired $ 158,192 $ 3,779 (1) In addition, during the three months ended March 31, 2022, the Company funded $6.1 million of deposits on assets that are under contract to be acquired. (2) The weighted average amortization period at the time of acquisition for above-market leases related to assets acquired during the three months ended March 31, 2022 was 6.4 years. (3) The weighted average amortization period at the time of acquisition for in-place leases related to assets acquired during the three months ended March 31, 2022 was 12.2 years. (4) The weighted average amortization period at the time of acquisition for below-market leases related to assets acquired during the three months ended March 31, 2022 was 19.8 years.

Dispositions and Assets Held _2

Dispositions and Assets Held for Sale (Tables)	3 Months Ended
	Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Reclassificationa of Disposal Groups, Including Discontinued Operations	The following table presents the assets associated with the properties classified as held for sale: Assets March 31, 2022 December 31, 2021 Land $ 4,980 $ 4,339 Buildings and improvements 33,716 19,181 Accumulated depreciation and amortization (14,842) (7,899) Real estate, net 23,854 15,621 Other assets 544 510 Assets associated with real estate assets held for sale $ 24,398 $ 16,131

Real Estate (Tables)

Real Estate (Tables)	3 Months Ended
	Mar. 31, 2022
Real Estate [Abstract]
Schedule of real estate properties	The Company’s components of Real estate, net consisted of the following: March 31, 2022 December 31, 2021 Land $ 1,807,111 $ 1,773,448 Buildings and improvements: Buildings and tenant improvements 8,220,958 8,110,742 Lease intangibles (1) 544,836 544,224 10,572,905 10,428,414 Accumulated depreciation and amortization (2) (2,847,814) (2,813,329) Total $ 7,725,091 $ 7,615,085 (1) As of March 31, 2022 and December 31, 2021, Lease intangibles consisted of $492.3 million and $491.0 million, respectively, of in-place leases and $52.5 million and $53.2 million, respectively, of above-market leases. These intangible assets are amortized over the term of each related lease. (2) As of March 31, 2022 and December 31, 2021, Accumulated depreciation and amortization included $473.5 million and $480.9 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 2022 (remaining nine months) $ (7,754) $ 10,843 2023 (9,330) 11,763 2024 (8,677) 8,992 2025 (7,350) 6,664 2026 (6,453) 5,142

Impairments (Tables)

Impairments (Tables)	3 Months Ended
	Mar. 31, 2022
Impairment of Real Estate [Abstract]
Schedule of Impairments	The Company recognized the following impairments during the three months ended March 31, 2022: Three Months Ended March 31, 2022 Property Name (1) Location GLA Impairment Charge Torrington Plaza (2) Torrington, CT 125,496 $ 3,502 New Garden Center (3) Kennett Square, PA 147,370 1,088 272,866 $ 4,590 (1) The Company recognized impairment charges based upon changes in the anticipated hold periods of these properties and/or offers from third-party buyers in connection with the Company’s capital recycling program. (2) This property was classified as held for sale as of March 31, 2022. (3) The Company disposed of this property during the three months ended March 31, 2022. The Company recognized the following impairment during the three months ended March 31, 2021: Three Months Ended March 31, 2021 Property Name (1) Location GLA Impairment Charge Albany Plaza (2) Albany, GA 114,169 $ 1,467 114,169 $ 1,467 (1) The Company recognized an impairment charge based upon a change in the anticipated hold period of this property 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, 2021.

Financial Instruments - Deriv_2

Financial Instruments - Derivatives and Hedging (Tables)	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of interest rate derivatives	Detail on the Company’s interest rate derivatives designated as cash flow hedges outstanding as of March 31, 2022 and December 31, 2021 is as follows: Number of Instruments Notional Amount March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 Interest Rate Swaps 4 4 $ 300,000 $ 300,000
Schedule of derivative instruments in Statement of Financial Position, fair value	Detail on the fair value of the Company’s interest rate derivatives on a gross and net basis as of March 31, 2022 and December 31, 2021 is as follows: Fair Value of Derivative Instruments Interest rate swaps classified as: March 31, 2022 December 31, 2021 Gross derivative assets $ — $ — Gross derivative liabilities (1,304) (12,585) Net derivative liabilities $ (1,304) $ (12,585)
Schedule of Derivatives in Cash Flow Hedging Relationships	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 months ended March 31, 2022 and 2021 is as follows: Derivatives in Cash Flow Hedging Relationships Three Months Ended March 31, 2022 2021 Change in unrealized gain on interest rate swaps $ 9,434 $ 2,599 Amortization of interest rate swaps to interest expense 1,847 3,067 Change in unrealized gain on interest rate swaps, net $ 11,281 $ 5,666

Debt Obligations (Tables)

Debt Obligations (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt obligations under various arrangements with financial institutions	As of March 31, 2022 and December 31, 2021, the Company had the following indebtedness outstanding: Carrying Value as of March 31, December 31, Stated Interest Rate (1) Scheduled Notes payable Unsecured notes (2) $ 4,618,453 $ 4,868,453 2.25% – 7.97% 2024 – 2031 Net unamortized premium 25,935 26,651 Net unamortized debt issuance costs (25,732) (26,913) Total notes payable, net $ 4,618,656 $ 4,868,191 Unsecured Credit Facility and term loans Unsecured Credit Facility - Revolving Facility $ 95,000 $ — 1.55% 2023 Unsecured $300 Million Term Loan (3) 300,000 300,000 1.48% 2024 Net unamortized debt issuance costs (3,088) (3,673) Total Unsecured Credit Facility and term loans $ 391,912 $ 296,327 Total debt obligations, net $ 5,010,568 $ 5,164,518 (1) Stated interest rates as of March 31, 2022 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 3.69% as of March 31, 2022. (3) Effective January 2, 2019, the Company has in place four interest rate swap agreements that convert the variable interest rate on the Company’s $300.0 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 March 31, 2022 and December 31, 2021, the Company had accrued interest of $44.1 million and $46.3 million outstanding, respectively. As of March 31, 2022, scheduled maturities of the Company’s outstanding debt obligations were as follows: Year ending December 31, 2022 (remaining nine months) $ — 2023 95,000 2024 800,000 2025 700,000 2026 607,542 Thereafter 2,810,911 Total debt maturities 5,013,453 Net unamortized premium 25,935 Net unamortized debt issuance costs (28,820) Total debt obligations, net $ 5,010,568

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	Mar. 31, 2022
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: March 31, 2022 December 31, 2021 Carrying Fair Carrying Fair Notes payable $ 4,618,656 $ 4,570,720 $ 4,868,191 $ 5,166,291 Unsecured Credit Facility and term loans 391,912 395,614 296,327 300,629 Total debt obligations, net $ 5,010,568 $ 4,966,334 $ 5,164,518 $ 5,466,920
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 March 31, 2022 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Assets: Marketable securities (1) $ 19,315 $ 1,208 $ 18,107 $ — Liabilities: Interest rate derivatives $ (1,304) $ — $ (1,304) $ — Fair Value Measurements as of December 31, 2021 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Assets: Marketable securities (1) $ 20,224 $ 6,304 $ 13,920 $ — Liabilities: Interest rate derivatives $ (12,585) $ — $ (12,585) $ — (1) As of March 31, 2022 and December 31, 2021, marketable securities included $0.4 million and $0.1 million of net unrealized losses, respectively. As of March 31, 2022, the contractual maturities of the Company’s marketable securities are within the next five years.
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 three months ended March 31, 2022, excluding the properties sold prior to March 31, 2022. During the year ended December 31, 2021, no properties were remeasured to fair value as a result of impairment testing that were not sold prior to December 31, 2021. Fair Value Measurements as of March 31, 2022 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) $ 8,695 $ — $ — $ 8,695 $ 3,502 (1) Excludes properties disposed of prior to March 31, 2022. (2) The carrying value of the property remeasured to fair value based upon offers from third-party buyers during the three months ended March 31, 2022 is $8.7 million related to Torrington Plaza.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Schedule of Operating Leases	Three Months Ended March 31, Supplemental Statements of Operations Information 2022 2021 Operating lease costs $ 1,438 $ 1,618 Short-term lease costs — 1 Variable lease costs 80 115 Total lease costs $ 1,518 $ 1,734 Three Months Ended March 31, Supplemental Statements of Cash Flows Information 2022 2021 Operating cash outflows from operating leases $ 1,538 $ 1,663 ROU assets obtained in exchange for operating lease liabilities 112 — Operating Lease Liabilities As of Future minimum operating lease payments: 2022 (remaining nine months) $ 4,459 2023 5,296 2024 5,203 2025 4,902 2026 4,177 Thereafter 21,644 Total future minimum operating lease payments 45,681 Less: imputed interest (13,018) Operating lease liabilities $ 32,663 Supplemental Balance Sheets Information As of As of December 31, 2021 Operating lease liabilities (1)(2) $ 32,663 $ 33,713 ROU assets (1)(3) 28,374 29,325 (1) As of March 31, 2022 and December 31, 2021, the weighted average remaining lease term was 13.0 years and 12.7 years, respectively, and the weighted average discount rate was 4.43% and 4.41%, 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.

Stock Based Compensation (Table

Stock Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Schedule Of Fair Value Assumptions	For the market-based RSUs granted, fair value is based on a Monte Carlo simulation model that assesses the probability of satisfying the market performance hurdles over the remainder of the performance period based on the Company’s historical common stock performance relative to the other companies within the FTSE Nareit Equity Shopping Centers Index as well as the following significant assumptions: Assumption Three Months Ended March 31, 2022 Year Ended, Volatility 27.0% - 51.0% 50.0% - 64.0% Weighted average risk-free interest rate 1.08% - 1.39% 0.11% - 0.18% Weighted average common stock dividend yield 3.8% - 4.6% 4.1% - 5.8%

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
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 months ended March 31, 2022 and 2021 (dollars in thousands, except per share data): Three Months Ended March 31, 2022 2021 Computation of Basic Earnings Per Share: Net income $ 79,506 $ 52,371 Non-forfeitable dividends on unvested restricted shares (228) (186) Net income attributable to the Company’s common stockholders for basic earnings per share $ 79,278 $ 52,185 Weighted average number shares outstanding – basic 298,528 297,110 Basic earnings per share attributable to the Company’s common stockholders: Net income per share $ 0.27 $ 0.18 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for diluted earnings per share $ 79,278 $ 52,185 Weighted average shares outstanding – basic 298,528 297,110 Effect of dilutive securities: Equity awards 929 736 Weighted average shares outstanding – diluted 299,457 297,846 Diluted earnings per share attributable to the Company’s common stockholders: Net income per share $ 0.26 $ 0.18

Earnings per Unit (Tables)

Earnings per Unit (Tables)	3 Months Ended
	Mar. 31, 2022
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 months ended March 31, 2022 and 2021 (dollars in thousands, except per share data): Three Months Ended March 31, 2022 2021 Computation of Basic Earnings Per Share: Net income $ 79,506 $ 52,371 Non-forfeitable dividends on unvested restricted shares (228) (186) Net income attributable to the Company’s common stockholders for basic earnings per share $ 79,278 $ 52,185 Weighted average number shares outstanding – basic 298,528 297,110 Basic earnings per share attributable to the Company’s common stockholders: Net income per share $ 0.27 $ 0.18 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for diluted earnings per share $ 79,278 $ 52,185 Weighted average shares outstanding – basic 298,528 297,110 Effect of dilutive securities: Equity awards 929 736 Weighted average shares outstanding – diluted 299,457 297,846 Diluted earnings per share attributable to the Company’s common stockholders: Net income per share $ 0.26 $ 0.18
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 months ended March 31, 2022 and 2021 (dollars in thousands, except per unit data): Three Months Ended March 31, 2022 2021 Computation of Basic Earnings Per Unit: Net income $ 79,506 $ 52,371 Non-forfeitable dividends on unvested restricted units (228) (186) Net income attributable to the Operating Partnership’s common units for basic earnings per unit $ 79,278 $ 52,185 Weighted average number common units outstanding – basic 298,528 297,110 Basic earnings per unit attributable to the Operating Partnership’s common units: Net income per unit $ 0.27 $ 0.18 Computation of Diluted Earnings Per Unit: Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $ 79,278 $ 52,185 Weighted average common units outstanding – basic 298,528 297,110 Effect of dilutive securities: Equity awards 929 736 Weighted average common units outstanding – diluted 299,457 297,846 Diluted earnings per unit attributable to the Operating Partnership’s common units: Net income per unit $ 0.26 $ 0.18

Nature of Business and Financ_3

Nature of Business and Financial Statement Presentation (Details)	Mar. 31, 2022ft²Property	Mar. 31, 2021ft²
Nture of Oerations and Financial Statements Presentation [Line Items]
GLA	378,973	5,040
Shopping Center
Nture of Oerations and Financial Statements Presentation [Line Items]
Number of real estate properties | Property	380
GLA	67,000,000
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	3 Months Ended
	Mar. 31, 2022USD ($)ft²	Mar. 31, 2021USD ($)ft²
Asset Acquisition [Line Items]
GLA | ft²	378,973	5,040
Aggregate Purchase Price	$ 158,192	$ 3,779
Adjustments related to previously acquired assets	50
Deposits on assets under contract to be acquired	6,100
Transaction costs	800	200
Closing credits	$ 2,000
Brea Gateway
Asset Acquisition [Line Items]
GLA | ft²	181,819
Aggregate Purchase Price	$ 83,991
Land at Cobblestone Village
Asset Acquisition [Line Items]
Aggregate Purchase Price	$ 1,661
Arboretum Village
Asset Acquisition [Line Items]
GLA | ft²	95,354
Aggregate Purchase Price	$ 46,330
Ravinia Plaza
Asset Acquisition [Line Items]
GLA | ft²	101,800
Aggregate Purchase Price	$ 26,160
Land at Ellisville Square
Asset Acquisition [Line Items]
Aggregate Purchase Price		2,014
Outparcel adjacent to Cobblestone Village
Asset Acquisition [Line Items]
GLA | ft²	5,040
Aggregate Purchase Price		1,520
Land associated with Westgate Plaza
Asset Acquisition [Line Items]
Aggregate Purchase Price		$ 245

Acquisition of Real Estate (Pur

Acquisition of Real Estate (Purchase Price) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Asset Acquisition [Line Items]
Total assets acquired	$ 158,192	$ 3,779
Acquired Properties
Asset Acquisition [Line Items]
Land	44,600	2,738
Buildings	100,883	1,041
Building and tenant improvements	14,917	0
Above-market leases	543	0
In-place Leases	10,319	0
Total assets acquired	171,262	3,779
Below-market lease	11,244	0
Other liabilities	1,826	0
Total liabilities	13,070	0
Net assets acquired	$ 158,192	$ 3,779
Acquired Properties | Above market leases
Asset Acquisition [Line Items]
Weighted average amortization period	6 years 4 months 24 days
Acquired Properties | Leases, acquired-in-place
Asset Acquisition [Line Items]
Weighted average amortization period	12 years 2 months 12 days
Acquired Properties | Below market leases
Asset Acquisition [Line Items]
Weighted average amortization period	19 years 9 months 18 days

Dispositions and Assets Held _3

Dispositions and Assets Held for Sale (Narrative) (Details)	3 Months Ended
	Mar. 31, 2022USD ($)shopping_centerproperty	Mar. 31, 2021USD ($)shopping_center	Dec. 31, 2021USD ($)property
Schedule of Acquisitions and Dispositions [Line Items]
Gain on sale of real estate assets	$ 21,911,000	$ 5,764,000
Liabilities associated with real estate assets held for sale	$ 0		$ 0
Disposed of by Sale
Schedule of Acquisitions and Dispositions [Line Items]
Number of shopping centers sold | shopping_center	5	4
Number of partial shopping centers sold | shopping_center	1	4
Proceeds from sale of property	$ 58,900,000	$ 31,800,000
Gain on sale of real estate assets	21,800,000	5,800,000
Provisions of impairment	1,100,000	$ 1,500,000
Disposed of by Sale | Previously Disposed Assets
Schedule of Acquisitions and Dispositions [Line Items]
Gain on sale of real estate assets	$ 100,000
Held-for-sale
Schedule of Acquisitions and Dispositions [Line Items]
Number of real estate properties | property	3		1
Held-for-sale | Partial Properties
Schedule of Acquisitions and Dispositions [Line Items]
Number of real estate properties | property	2		2

Dispositions and Assets Held _4

Dispositions and Assets Held for Sale (Held for Sale) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets associated with real estate assets held for sale	$ 24,398	$ 16,131
Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Land	4,980	4,339
Buildings and improvements	33,716	19,181
Accumulated depreciation and amortization	(14,842)	(7,899)
Real estate, net	23,854	15,621
Other assets	544	510
Assets associated with real estate assets held for sale	$ 24,398	$ 16,131

Real Estate (Details)

Real Estate (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Land	$ 1,807,111		$ 1,773,448
Building and tenant improvements	8,220,958		8,110,742
Lease intangibles	544,836		544,224
Real estate, gross	10,572,905		10,428,414
Accumulated depreciation and amortization	(2,847,814)		(2,813,329)
Total	7,725,091		7,615,085
Accumulated amortization	473,500		480,900
Intangible liabilities relating to below-market leases	341,600		337,100
Accumulated amortization on below-market leases	252,800		256,200
Below-market lease intangible amortization	3,000	$ 2,900
Amortization of intangible assets	4,100	$ 3,600
Below-market lease accretion (income), net of above-market lease amortization expense
2022 (remaining nine months)	(7,754)
2023	(9,330)
2024	(8,677)
2025	(7,350)
2026	(6,453)
In-place lease amortization expense
2022 (remaining nine months)	10,843
2023	11,763
2024	8,992
2025	6,664
2026	5,142
Leases, acquired-in-place
Real Estate Owned, Disclosure of Detailed Components [Abstract]
In-place lease value	492,300		491,000
Above market leases
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Above market leases	$ 52,500		$ 53,200

Impairments (Details)

Impairments (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)ft²	Mar. 31, 2021USD ($)ft²
Real Estate Properties [Line Items]
GLA | ft²	272,866	114,169
Impairment Charge | $	$ 4,590	$ 1,467
Torrington Plaza
Real Estate Properties [Line Items]
GLA | ft²	125,496
Impairment Charge | $	$ 3,502
New Garden Center
Real Estate Properties [Line Items]
GLA | ft²	147,370
Impairment Charge | $	$ 1,088
Albany Plaza
Real Estate Properties [Line Items]
GLA | ft²		114,169
Impairment Charge | $		$ 1,467

Financial Instruments - Deriv_3

Financial Instruments - Derivatives and Hedging (Narrative) (Details)	3 Months Ended
	Mar. 31, 2022USD ($)derivative_instrument	Mar. 31, 2021USD ($)derivative_instrument
Maximum
Debt Instrument [Line Items]
Amount expected to be reclassified from accumulated other comprehensive loss in the next twelve months	$ 2,500,000
Interest Rate Swap | Designated as Hedging Instrument
Debt Instrument [Line Items]
Number of instruments entered | derivative_instrument	0	0
Expired notional amount	$ 250,000,000
Termination fees	1,100,000
Terminated notional amount	250,000,000
Gain (loss) on derivative	$ 0	$ 0

Financial Instruments - Deriv_4

Financial Instruments - Derivatives and Hedging (Notional Amount) (Details) - Interest Rate Swap - Designated as Hedging Instrument $ in Thousands	Mar. 31, 2022USD ($)derivative_instrument	Dec. 31, 2021USD ($)derivative_instrument
Derivative [Line Items]
Number of Instruments | derivative_instrument	4	4
Notional Amount | $	$ 300,000	$ 300,000

Financial Instruments - Deriv_5

Financial Instruments - Derivatives and Hedging (Fair Value) (Details) - Interest Rate Swap - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Gross derivative assets	$ 0	$ 0
Gross derivative liabilities	(1,304)	(12,585)
Net derivative liabilities	$ (1,304)	$ (12,585)

Financial Instruments - Deriv_6

Financial Instruments - Derivatives and Hedging (Cash Flow Hedging Relationship) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Change in unrealized gain on interest rate swaps	$ 9,434	$ 2,599
Amortization of interest rate swaps to interest expense	1,847	3,067
Change in unrealized gain on interest rate swaps, net	$ 11,281	$ 5,666

Debt Obligations (Shedule of De

Debt Obligations (Shedule of Debt) (Details)	3 Months Ended
	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)	Dec. 12, 2018USD ($)derivative_instrument
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 5,013,453,000
Net unamortized debt issuance costs	(28,820,000)
Total debt obligations	5,010,568,000	$ 5,164,518,000
Unsecured Debt
Debt obligations under various arrangements with financial institutions
Long-term debt	4,618,453,000	4,868,453,000
Net unamortized premium	25,935,000	26,651,000
Net unamortized debt issuance costs	(25,732,000)	(26,913,000)
Long-term debt	$ 4,618,656,000	4,868,191,000
Weighted average fixed interest rate	3.69%
Unsecured Debt | Minimum
Debt obligations under various arrangements with financial institutions
Stated percentage	2.25%
Unsecured Debt | Maximum
Debt obligations under various arrangements with financial institutions
Stated percentage	7.97%
Unsecured Debt | Unsecured Credit Facility
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 95,000,000	0
Stated percentage	1.55%
Unsecured Debt | Unsecured Credit Facility | Brixmor Operating Partnership LP
Debt obligations under various arrangements with financial institutions
Term loan face amount	$ 1,250,000,000
Unsecured Debt | Term Loan | Unsecured $300 Million Term Loan
Debt obligations under various arrangements with financial institutions
Term loan face amount			$ 300,000,000
Long-term debt	$ 300,000,000	300,000,000
Stated percentage	1.48%
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 | Unsecured Credit Facility and Term Loan
Debt obligations under various arrangements with financial institutions
Net unamortized debt issuance costs	$ (3,088,000)	(3,673,000)
Long-term debt	$ 391,912,000	$ 296,327,000

Debt Obligations (Narrative) (D

Debt Obligations (Narrative) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Debt Instrument [Line Items]
Acquisition payments	$ 99.3
Brixmor Operating Partnership LP | Floating Rate Senior Notes due 2022
Debt Instrument [Line Items]
Debt repaid	250
Brixmor Operating Partnership LP | Unsecured Debt | Unsecured Credit Facility
Debt Instrument [Line Items]
Amount borrowed	95
Term loan face amount	$ 1,250

Debt Obligations (Maturities) (

Debt Obligations (Maturities) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Interest payable	$ 44,100	$ 46,300
Future expected/scheduled maturities of outstanding debt and capital lease
2022 (remaining nine months)	0
2023	95,000
2024	800,000
2025	700,000
2026	607,542
Thereafter	2,810,911
Total debt maturities	5,013,453
Net unamortized premium	25,935
Net unamortized debt issuance costs	(28,820)
Total debt obligations, net	$ 5,010,568	$ 5,164,518

Fair Value Disclosures (Debt Ob

Fair Value Disclosures (Debt Obligations) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Estimated fair value of the Company's debt obligations compared to their carrying amounts
Total debt obligations, net	$ 5,010,568	$ 5,164,518
Carrying Amount
Estimated fair value of the Company's debt obligations compared to their carrying amounts
Notes payable	4,618,656	4,868,191
Unsecured credit facility and term loan	391,912	296,327
Total debt obligations, net	5,010,568	5,164,518
Fair Value
Estimated fair value of the Company's debt obligations compared to their carrying amounts
Notes payable	4,570,720	5,166,291
Unsecured credit facility and term loan	395,614	300,629
Total debt obligations	$ 4,966,334	$ 5,466,920

Fair Value Disclosures (Measure

Fair Value Disclosures (Measurements) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Sep. 30, 2021	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities, unrealized gain	$ (400)		$ 100
Impairment of real estate	4,590	$ 1,467
Erie Canal Centre
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment, fair value	8,700
Fair Value, Measurements, Recurring | Marketable Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	19,315			$ 20,224
Fair Value, Measurements, Recurring | Interest Rate Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	(1,304)			(12,585)
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	1,208			6,304
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 liability	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	18,107			13,920
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 liability	1,304			(12,585)
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
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 liability	0			$ 0
Fair Value, Measurements, Nonrecurring | Properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	8,695
Impairment of real estate	3,502
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
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
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	$ 8,695

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
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	$ 3.4	$ 2.3

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Additional term of contract	100 years
Supplemental Statements of Operations Information
Operating lease costs	$ 1,438	$ 1,618
Short-term lease costs	0	1
Variable lease costs	80	115
Total lease costs	1,518	1,734
Operating cash outflows from operating leases	1,538	1,663
ROU assets obtained in exchange for operating lease liabilities	112	$ 0
Operating Lease Liabilities
2022 (remaining nine months)	4,459
2023	5,296
2024	5,203
2025	4,902
2026	4,177
Thereafter	21,644
Total future minimum operating lease payments	45,681
Less: imputed interest	(13,018)
Operating lease liabilities	32,663		$ 33,713
ROU asset	$ 28,374		$ 29,325
Weighted average remaining lease term	13 years		12 years 8 months 12 days
Weighted average discount rate	4.43%		4.41%
Minimum
Lessee, Lease, Description [Line Items]
Term of contract	1 year
Maximum
Lessee, Lease, Description [Line Items]
Term of contract	50 years

Equity and Capital (Details)

Equity and Capital (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Jan. 31, 2020
Schedule of Shareholders' Equity [Line Items]
At-the-market equity offering program, shares issued (in shares)	1,700,000
At-the-market equity offering program, shares issued (in dollars per share)	$ 25.49
At-the-market equity offering program, shares issued	$ 44,400,000
Commissions	600,000
At-the-market equity offering program, stock available for future issuance	350,400,000
Available repurchase amount	$ 375,000,000
Dividends, per common share (in dollars per share)	$ 0.240	$ 0.215
Accounts Payable and Accrued Liabilities
Schedule of Shareholders' Equity [Line Items]
Dividends payable	$ 74,500,000		$ 74,400,000
Common Stock
Schedule of Shareholders' Equity [Line Items]
At-the-market equity offering program				$ 400,000,000
Common Stock | RSUs
Schedule of Shareholders' Equity [Line Items]
Stock repurchased during period (in shares)	400,000	300,000
Common Stock | Maximum
Schedule of Shareholders' Equity [Line Items]
Share repurchase program, authorized amount				$ 400,000,000

Stock Based Compensation (Narra

Stock Based Compensation (Narrative) (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	15
Grants in period	0.7	1
Equity based compensation, net	$ 4.6	$ 2.8
Amount capitalized	(0.3)	$ (0.2)
Compensation cost not yet recognized	$ 34.9
Weighted average remaining contractual term	2 years 6 months
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period	1 year
Expected volatility rate	27.00%	50.00%
Risk free interest rate	1.08%	0.11%
Expected dividend rate	3.80%	4.10%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period	5 years
Expected volatility rate	51.00%	64.00%
Risk free interest rate	1.39%	0.18%
Expected dividend rate	4.60%	5.80%

Stock Based Compensation (Assum

Stock Based Compensation (Assumptions) (Details)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility rate	27.00%	50.00%
Risk free interest rate	1.08%	0.11%
Expected dividend rate	3.80%	4.10%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility rate	51.00%	64.00%
Risk free interest rate	1.39%	0.18%
Expected dividend rate	4.60%	5.80%

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share, Basic [Abstract]
Net income	$ 79,506	$ 52,371
Non-forfeitable dividends on unvested restricted shares	(228)	(186)
Net income attributable to the Company’s common stockholders for basic earnings per share	$ 79,278	$ 52,185
Weighted average number shares outstanding – basic	298,528	297,110
Net income per share (usd per share)	$ 0.27	$ 0.18
Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for diluted earnings per share	$ 79,278	$ 52,185
Equity awards (in shares)	929	736
Weighted average shares outstanding - diluted (in shares)	299,457	297,846
Net income per share (usd per share)	$ 0.26	$ 0.18

Earnings per Unit (Details)

Earnings per Unit (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule of Earnings per Share [Line Items]
Net income	$ 79,506	$ 52,371
Non-forfeitable dividends on unvested restricted shares	(228)	(186)
Net income attributable to the Company’s common stockholders for basic earnings per share	$ 79,278	$ 52,185
Weighted average number shares outstanding – basic	298,528	297,110
Net income per share (usd per share)	$ 0.27	$ 0.18
Net income attributable to the Company’s common stockholders for diluted earnings per share	$ 79,278	$ 52,185
Equity awards (in shares)	929	736
Weighted average shares outstanding - diluted (in shares)	299,457	297,846
Net income per share (usd per share)	$ 0.26	$ 0.18
Brixmor Operating Partnership LP
Schedule of Earnings per Share [Line Items]
Net income	$ 79,506	$ 52,371
Non-forfeitable dividends on unvested restricted shares	(228)	(186)
Net income attributable to the Company’s common stockholders for basic earnings per share	$ 79,278	$ 52,185
Weighted average number shares outstanding – basic	298,528	297,110
Net income per share (usd per share)	$ 0.27	$ 0.18
Net income attributable to the Company’s common stockholders for diluted earnings per share	$ 79,278	$ 52,185
Equity awards (in shares)	929	736
Weighted average shares outstanding - diluted (in shares)	299,457	297,846
Net income per share (usd per share)	$ 0.26	$ 0.18

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Environmental Matters
Loss Contingencies [Line Items]
Litigation settlement	$ 0	$ 0

Related-Party Transactions (Det

Related-Party Transactions (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Related Party Transactions [Abstract]
Related party transactions	$ 0	$ 0

Subsequent Events (Details)

Subsequent Events (Details)	Apr. 28, 2022USD ($)extension	Apr. 27, 2022USD ($)	Dec. 12, 2018USD ($)
Term Loan | Unsecured $300 Million Term Loan | Unsecured Debt
Subsequent Event [Line Items]
Term loan face amount			$ 300,000,000
Subsequent Event | Term Loan | Delayed Draw
Subsequent Event [Line Items]
Term loan face amount	$ 200,000,000
Number of extensions | extension	2
Extension period	6 months
Available liquidity	$ 1,750,000,000	$ 1,550,000,000
Subsequent Event | Revolving Credit Facility
Subsequent Event [Line Items]
Maximum borrowing capacity	$ 1,250,000,000