Brixmor Operating Partnership 10-Q 30 Apr 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 01, 2018
Entity Registrant Name	Brixmor Property Group Inc.
Entity Central Index Key	1,581,068
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		302,826,470
Brixmor Operating Partnership LP
Entity Registrant Name	Brixmor Operating Partnership LP
Entity Central Index Key	1,630,031
Document Period End Date	Mar. 31, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Real estate
Land	$ 1,962,364	$ 1,984,309
Buildings and improvements	8,896,102	8,937,182
Real estate, gross	10,858,466	10,921,491
Accumulated depreciation and amortization	(2,405,579)	(2,361,070)
Real estate, net	8,452,887	8,560,421
Cash and cash equivalents	27,332	56,938
Restricted cash	65,437	53,839
Marketable securities	27,063	28,006
Receivables, net of allowance for doubtful accounts of $17,498 and $17,205	219,312	232,111
Deferred charges and prepaid expenses, net	145,421	147,508
Other assets	50,406	75,103
Total assets	8,987,858	9,153,926
Liabilities
Debt obligations, net	5,622,111	5,676,238
Accounts payable, accrued expenses and other liabilities	504,171	569,340
Total liabilities	6,126,282	6,245,578
Commitments and contingencies (Note 13)
Equity
Common stock	3,028	3,046
Additional paid-in capital	3,301,482	3,330,466
Accumulated other comprehensive income	28,898	24,211
Distributions in excess of net income	(471,832)	(449,375)
Total equity	2,861,576	2,908,348
Total liabilities and equity	8,987,858	9,153,926
Brixmor Operating Partnership LP
Real estate
Land	1,962,364	1,984,309
Buildings and improvements	8,896,102	8,937,182
Real estate, gross	10,858,466	10,921,491
Accumulated depreciation and amortization	(2,405,579)	(2,361,070)
Real estate, net	8,452,887	8,560,421
Cash and cash equivalents	27,303	56,908
Restricted cash	65,437	53,839
Marketable securities	26,844	27,787
Receivables, net of allowance for doubtful accounts of $17,498 and $17,205	219,312	232,111
Deferred charges and prepaid expenses, net	145,421	147,508
Other assets	50,406	75,103
Total assets	8,987,610	9,153,677
Liabilities
Debt obligations, net	5,622,111	5,676,238
Accounts payable, accrued expenses and other liabilities	504,171	569,340
Total liabilities	6,126,282	6,245,578
Commitments and contingencies (Note 13)
Equity
Common stock	2,832,416	2,883,875
Accumulated other comprehensive income	28,912	24,224
Total equity	2,861,328	2,908,099
Total liabilities and equity	$ 8,987,610	$ 9,153,677

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Allowance for doubtful accounts receivable	$ 17,498	$ 17,205
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	3,000,000,000	3,000,000,000
Common stock, shares issued	305,075,180	304,947,144
Common stock, shares outstanding	302,826,470	304,620,186
Brixmor Operating Partnership LP
Allowance for doubtful accounts receivable	$ 17,498	$ 17,205
Common stock, shares issued	305,075,180	304,947,144
Common stock, shares outstanding	302,826,470	304,620,186

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues
Rental income	$ 243,345	$ 249,621
Expense reimbursements	70,878	73,190
Other revenues	2,952	2,995
Total revenues	317,175	325,806
Operating expenses
Operating costs	35,490	37,425
Real estate taxes	45,725	46,467
Depreciation and amortization	90,383	93,931
Provision for doubtful accounts	2,415	1,050
Impairment of real estate assets	15,902	5,686
General and administrative	22,426	20,957
Total operating expenses	212,341	205,516
Other income (expense)
Dividends and interest	96	73
Interest expense	(55,171)	(55,731)
Gain on sale of real estate assets	11,448	8,805
Loss on extinguishment of debt	(132)	(1,262)
Other	(53)	(707)
Total other expense	(43,812)	(48,822)
Income before equity in income of unconsolidated joint venture	61,022	71,468
Equity in income of unconsolidated joint venture	0	187
Net income	61,022	71,655
Net income attributable to non-controlling interests	0	(76)
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	0	76
Net income attributable to common stockholders	$ 61,022	$ 71,579
Net income attributable to common stockholders:
Basic (usd per share)	$ 0.20	$ 0.23
Diluted (usd per share)	$ 0.20	$ 0.23
Weighted average shares:
Basic (in shares)	304,158	304,569
Diluted (in shares)	304,278	304,795
Brixmor Operating Partnership LP
Revenues
Rental income	$ 243,345	$ 249,621
Expense reimbursements	70,878	73,190
Other revenues	2,952	2,995
Total revenues	317,175	325,806
Operating expenses
Operating costs	35,490	37,425
Real estate taxes	45,725	46,467
Depreciation and amortization	90,383	93,931
Provision for doubtful accounts	2,415	1,050
Impairment of real estate assets	15,902	5,686
General and administrative	22,426	20,957
Total operating expenses	212,341	205,516
Other income (expense)
Dividends and interest	96	73
Interest expense	(55,171)	(55,731)
Gain on sale of real estate assets	11,448	8,805
Loss on extinguishment of debt	(132)	(1,262)
Other	(53)	(707)
Total other expense	(43,812)	(48,822)
Income before equity in income of unconsolidated joint venture	61,022	71,468
Equity in income of unconsolidated joint venture	0	187
Net income	$ 61,022	$ 71,655
Net income attributable to common stockholders:
Basic (usd per share)	$ 0.20	$ 0.23
Diluted (usd per share)	$ 0.20	$ 0.23
Weighted average shares:
Basic (in shares)	304,158	304,888
Diluted (in shares)	304,278	305,114

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Net income	$ 61,022	$ 71,655
Other comprehensive income (loss)
Change in unrealized gain on interest rate swaps, net (Note 6)	4,773	2,619
Change in unrealized gain (loss) on marketable securities	(86)	1
Total other comprehensive income	4,687	2,620
Comprehensive income	65,709	74,275
Comprehensive income attributable to non-controlling interests	0	(76)
Comprehensive income attributable to common stockholders	65,709	74,199
Brixmor Operating Partnership LP
Net income	61,022	71,655
Other comprehensive income (loss)
Change in unrealized gain on interest rate swaps, net (Note 6)	4,773	2,619
Change in unrealized gain (loss) on marketable securities	(85)	2
Total other comprehensive income	4,688	2,621
Comprehensive income attributable to common stockholders	$ 65,710	$ 74,276

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Brixmor Operating Partnership LP	Common Stock	Common StockBrixmor Operating Partnership LP	Additional Paid-in Capital	Accumulated Other Comprehensive Income	Accumulated Other Comprehensive IncomeBrixmor Operating Partnership LP	Distributions in Excess of Net Income	Non-controlling Interests
Beginning balance (in shares) at Dec. 31, 2016			304,343,000
Beginning balance at Dec. 31, 2016	$ 2,927,160	$ 2,926,909	$ 3,043	$ 2,905,378	$ 3,324,874	$ 21,519	$ 21,531	$ (426,552)	$ 4,276
Increase (Decrease) in Equity [Roll Forward]
Common stock dividends	(79,480)	(79,476)		(79,476)				(79,480)
Equity based compensation expense	2,126	2,126		2,126	2,123				3
Other comprehensive income	2,620	2,621				2,620	2,621
Issuance of common stock and OP Units (in shares)			147,000
Issuance of common stock and OP Units	0		$ 6						(6)
Conversion of OP Units into common stock (in shares)			403,000
Conversion of OP Units into common stock	0				3,701				(3,701)
Repurchase of common stock, shares			(100,000)
Share-based awards retained for taxes	(2,464)	(2,464)		(2,464)	(2,464)
Net income	71,655	71,655						71,579	76
Net income attributable to Brixmor Operating Partnership LP		71,655		71,655
Ending balance (in shares) at Mar. 31, 2017			304,893,000
Ending balance at Mar. 31, 2017	2,921,617	2,921,371	$ 3,049	2,897,219	3,328,234	24,139	24,152	(434,453)	648
Beginning balance (in shares) at Dec. 31, 2017			304,620,000
Beginning balance at Dec. 31, 2017	2,908,348	2,908,099	$ 3,046	2,883,875	3,330,466	24,211	24,224	(449,375)	0
Increase (Decrease) in Equity [Roll Forward]
Common stock dividends	(83,479)	(83,479)		(83,479)				(83,479)
Equity based compensation expense	2,484	2,484		2,484	2,484
Other comprehensive income	4,687	4,688				4,687	4,688
Issuance of common stock and OP Units (in shares)			128,000
Issuance of common stock and OP Units	1	1	$ 1	1
Repurchase of common stock, shares			(1,922,000)
Repurchases of common stock	(29,765)	(29,765)	$ (19)	(29,765)	(29,746)
Share-based awards retained for taxes	(1,722)	(1,722)		(1,722)	(1,722)
Net income	61,022	61,022						61,022
Net income attributable to Brixmor Operating Partnership LP				61,022
Ending balance (in shares) at Mar. 31, 2018			302,826,000
Ending balance at Mar. 31, 2018	$ 2,861,576	$ 2,861,328	$ 3,028	$ 2,832,416	$ 3,301,482	$ 28,898	$ 28,912	$ (471,832)	$ 0

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Stockholders' Equity [Abstract]
Dividends, per common share	$ 0.275	$ 0.26

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Operating activities:
Net income	$ 61,022	$ 71,655
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	90,383	93,931
Debt premium and discount amortization	(952)	(1,684)
Deferred financing cost amortization	1,682	1,800
Above- and below-market lease intangible amortization	(6,824)	(7,796)
Provisions for impairment	15,902	5,686
Gain on disposition of operating properties	(11,448)	(8,805)
Equity based compensation	2,484	2,126
Other	824	344
Loss on extinguishment of debt	132	1,262
Changes in operating assets and liabilities:
Receivables	12,171	(3,593)
Deferred charges and prepaid expenses	(5,309)	(12,321)
Other assets	40	(274)
Accounts payable, accrued expenses and other liabilities	(35,657)	(34,181)
Net cash provided by operating activities	124,450	108,150
Investing activities:
Improvements to and investments in real estate assets	(76,803)	(39,260)
Acquisitions of real estate assets	0	(104,811)
Proceeds from sales of real estate assets	104,198	34,091
Purchase of marketable securities	(3,655)	(7,502)
Proceeds from sale of marketable securities	4,496	8,335
Net cash provided by (used in) investing activities	28,236	(109,147)
Financing activities:
Repayment of secured debt obligations	(4,858)	(5,961)
Repayment of borrowings under unsecured revolving credit facility	0	(57,000)
Proceeds from borrowings under unsecured revolving credit facility	0	145,000
Proceeds from unsecured notes	0	396,036
Repayment of borrowings under unsecured term loan	(50,000)	(390,000)
Deferred financing costs	(184)	(3,508)
Distributions to common stockholders	(84,165)	(79,493)
Distributions to non-controlling interests	0	(101)
Repurchases of common shares	(29,765)	0
Repurchases of common shares in conjunction with equity award plans	(1,722)	(2,463)
Net cash provided by (used in) financing activities	(170,694)	2,510
Net change in cash, cash equivalents and restricted cash	(18,008)	1,513
Cash, cash equivalents and restricted cash at beginning of period	110,777	102,869	$ 102,869
Cash, cash equivalents and restricted cash at end of period	92,769	104,382	110,777
Reconciliation to consolidated balance sheets
Cash and cash equivalents	27,332	59,883	56,938
Restricted cash				$ 65,437	$ 53,839	$ 44,499
Cash, cash equivalents and restricted cash at end of period	110,777	102,869	102,869	92,769	110,777	104,382
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amount capitalized of $654 and $946	63,646	66,815
Brixmor Operating Partnership LP
Operating activities:
Net income	61,022	71,655
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	90,383	93,931
Debt premium and discount amortization	(952)	(1,684)
Deferred financing cost amortization	1,682	1,800
Above- and below-market lease intangible amortization	(6,824)	(7,796)
Provisions for impairment	15,902	5,686
Gain on disposition of operating properties	(11,448)	(8,805)
Equity based compensation	2,484	2,126
Other	824	344
Loss on extinguishment of debt	132	1,262
Changes in operating assets and liabilities:
Receivables	12,171	(3,593)
Deferred charges and prepaid expenses	(5,309)	(12,321)
Other assets	40	(274)
Accounts payable, accrued expenses and other liabilities	(35,657)	(34,181)
Net cash provided by operating activities	124,450	108,150
Investing activities:
Improvements to and investments in real estate assets	(76,803)	(39,260)
Acquisitions of real estate assets	0	(104,811)
Proceeds from sales of real estate assets	104,198	34,091
Purchase of marketable securities	(3,654)	(7,502)
Proceeds from sale of marketable securities	4,496	8,335
Net cash provided by (used in) investing activities	28,237	(109,147)
Financing activities:
Repayment of secured debt obligations	(4,858)	(5,961)
Repayment of borrowings under unsecured revolving credit facility	0	(57,000)
Proceeds from borrowings under unsecured revolving credit facility	0	145,000
Proceeds from unsecured notes	0	396,036
Repayment of borrowings under unsecured term loan	(50,000)	(390,000)
Deferred financing costs	(184)	(3,508)
Partner distributions	(115,652)	(82,054)
Net cash provided by (used in) financing activities	(170,694)	2,513
Net change in cash, cash equivalents and restricted cash	(18,007)	1,516
Cash, cash equivalents and restricted cash at beginning of period	110,747	102,834	102,834
Cash, cash equivalents and restricted cash at end of period	92,740	104,350	110,747
Reconciliation to consolidated balance sheets
Cash and cash equivalents	27,303	59,851	56,908
Restricted cash				65,437	53,839	44,499
Cash, cash equivalents and restricted cash at end of period	$ 110,747	102,834	$ 102,834	$ 92,740	$ 110,747	$ 104,350
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amount capitalized of $654 and $946		$ 66,815

CONDENSED CONSOLIDATED STATEME9

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Interest paid, capitalized	$ 654	$ 946
Brixmor Operating Partnership LP
Interest paid, capitalized	$ 654	$ 946

Nature of Business and Financia

Nature of Business and Financial Statement Presentation	3 Months Ended
	Mar. 31, 2018
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 common stock of BPG Subsidiary Inc. (“BPG Sub”), which, in turn, is the sole member of Brixmor OP GP LLC (the “General Partner”), the sole general partner of the Operating Partnership. The Parent Company engages in the ownership, management, leasing, acquisition, disposition and redevelopment of retail shopping centers through the Operating Partnership, and has no other 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”) believes it owns and operates one of the largest open air retail portfolios by gross leasable area (“GLA”) in the United States (“U.S.”), comprised primarily of community and neighborhood shopping centers. As of March 31, 2018, the Company’s portfolio was comprised of 480 shopping centers totaling approximately 82 million square feet of gross leasable area (the “Portfolio”). In addition, the Company has one land parcel currently under development. The Company’s high quality national Portfolio is primarily located within established trade areas in the top 50 Metropolitan Statistical Areas, and our 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 Company has determined that it is preferable to present underwriter fees associated with the Company’s issuance of unsecured senior notes in the line item Deferred financing costs as opposed to deducting the amount of the fees within the line item Proceeds from unsecured notes. These line items are both within financing activities in the accompanying unaudited Condensed Consolidated Statements of Cash Flows. In connection with this revised presentation, certain prior period balances have been adjusted to conform to the current period presentation described above. 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, 2017 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 12, 2018. 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. The portions of consolidated entities not owned by the Parent Company and the Operating Partnership are presented as non-controlling interests as of and during the periods presented. All intercompany transactions have been eliminated. Income Taxes The Parent Company 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, the Parent Company must meet a number of organizational and operational requirements, including a requirement that it currently distribute to its stockholders at least 90% of its REIT taxable income, determined without regard to the deduction for dividends paid and excluding net capital gains. It is management’s intention to adhere to these requirements and maintain the Parent Company’s REIT status. As a REIT, the Parent Company 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. The Parent Company 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 on the Company's taxable income do not materially impact the unaudited Condensed Consolidated Financial Statements of the Company. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal taxes at regular corporate rates (including any applicable alternative minimum tax for tax years beginning before December 31, 2017) and may not be able to qualify as a REIT for four subsequent taxable years. Even if the Parent Company qualifies for taxation as a REIT, the Company 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. The Company has elected to treat certain of its subsidiaries as taxable REIT subsidiaries (“TRS”), and the Company may in the future elect to treat newly formed and/or existing subsidiaries as TRSs. A TRS may participate in non-real estate-related activities and/or perform non-customary services for tenants and are subject to certain limitations under the Code. A TRS is subject to U.S. federal and state income taxes. Income taxes related to the Company’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, 2018 and December 31, 2017. Open tax years generally range from 2014 through 2017, but may vary by jurisdiction and issue. New Accounting Pronouncements In August 2017, the FASB issued Accounting Standards Update (“ASU”) 2017-12, “ Derivatives and Hedging (Topic 815) .” ASU 2017-12 amends guidance to more closely align the results of cash flow and fair value hedge accounting with risk management activities through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. ASU 2017-12 was early adopted by the Company on January 1, 2018. The Company determined that these changes did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In May 2017, the FASB issued ASU 2017-09, “ Compensation - Stock Compensation (Topic 718) .” ASU 2017-09 clarifies guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. The standard became effective for the Company on January 1, 2018. The Company determined that these changes did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In February 2017, the FASB issued ASU 2017-05, “ Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance.” ASU 2017-05 focuses on recognizing gains and losses from the transfer of nonfinancial assets with noncustomers. It provides guidance as to the definition of an “in substance nonfinancial asset,” and provides guidance for sales of real estate, including partial sales. The standard became effective for the Company on January 1, 2018 in conjunction with ASU 2014-09 and the Company applied the same transition method as ASU 2014-09. The Company did not record any cumulative adjustment in connection with the adoption of the new pronouncement. The Company determined that these changes did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In August 2016, the FASB issued ASU 2016-15, “ Statement of Cash Flows (Topic 230). ” ASU 2016-15 provides classification guidance for certain cash receipts and cash payments including payment of debt extinguishment costs, settlement of zero-coupon debt instruments, insurance claim payments and distributions from equity method investees. The standard became effective for the Company on January 1, 2018. The Company determined that these changes did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842). ” ASU 2016-02 sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to recognize a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The pronouncement requires a modified retrospective method of adoption and is effective on January 1, 2019, with early adoption permitted. The Company will continue to evaluate the effect the adoption of ASU 2016-02 will have on the unaudited Condensed Consolidated Financial Statements of the Company. However, the Company currently believes that the adoption of ASU 2016-02 will not have a material impact for operating leases where it is a lessor and will continue to record revenues from rental properties for its operating leases on a straight-line basis. However, for leases where the Company is a lessee, primarily for the Company’s ground leases and administrative office leases, the Company will be required to record a lease liability and a right of use asset on its unaudited Condensed Consolidated Balance Sheets at fair value upon adoption. In addition, direct internal leasing overhead costs will continue to be capitalized, however, indirect internal leasing overhead costs previously capitalized will be expensed under ASU 2016-02. In May 2014, the FASB issued ASU 2014-09, “ Revenue from Contracts with Customers (Topic 606). ” ASU 2014-09 contains a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The guidance in ASU 2014-09 affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of non-financial assets unless those contracts are within the scope of other standards. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The pronouncement allows either a full or modified retrospective method of adoption. The standard became effective for the Company on January 1, 2018 and the Company elected the modified retrospective approach of adoption, which requires a cumulative adjustment as of the date of the adoption, if applicable. The Company did not record any such cumulative adjustment in connection with the adoption of the new pronouncement. Substantially all of the Company’s tenant-related revenue is recognized pursuant to lease agreements and is out of the scope of ASU 2014-09 and falls instead under ASU 2016-02, which is discussed above and will not be effective until January 1, 2019. As a result, the Company determined that ASU 2014-09 did not have a material impact on the process for, timing of, and presentation and disclosure of revenue recognition from contracts with tenants and other customers. Any other recently issued accounting standards or pronouncements not disclosed above have been excluded as they either are not relevant to the Company, or they are not expected to have a material effect on the unaudited Condensed Consolidated Financial Statements of the Company.

Acquisition of Real Estate

Acquisition of Real Estate	3 Months Ended
	Mar. 31, 2018
Real Estate [Abstract]
Acquisition of Real Estate	Acquisition of Real Estate During the three months ended March 31, 2018, the Company did not acquire any real estate assets. During the three months ended March 31, 2017, the Company acquired the following assets, in separate transactions: Description (1) Location Month Acquired GLA Aggregate Purchase Price Outparcel building adjacent to Annex of Arlington Arlington Heights, IL Feb-17 5,760 $ 1,006 Outparcel adjacent to Northeast Plaza Atlanta, GA Feb-17 N/A 1,537 Arborland Center Ann Arbor, MI Mar-17 403,536 102,268 409,296 $ 104,811 (1) No debt was assumed related to any of the listed acquisitions. The aggregate purchase price of the properties acquired during the three months ended March 31, 2017 has been allocated as follows: Three Months Ended March 31, 2017 Assets Land $ 16,130 Buildings 72,543 Building and tenant improvements 8,352 Above-market leases (1) 2,381 In-place leases (1) 8,259 Total assets 107,665 Liabilities Below-market leases (1) 2,854 Other liabilities — Total liabilities 2,854 Net assets acquired $ 104,811 (1) The weighted average amortization period at the time of acquisition for above-market leases, in-place leases and below-market leases related to properties acquired during the three months ended March 31, 2017 was 5.0 years, 6.6 years and 16.9 years, respectively. During the three months ended March 31, 2018, the Company incurred transaction costs of less than $0.1 million , which were included in Other on the Company’s unaudited Condensed Consolidated Statements of Operations. During the three months ended March 31, 2017, the Company incurred transaction costs of $0.3 million , which were capitalized and included in Buildings and tenant improvements on the Company’s unaudited Condensed Consolidated Balance Sheets.

Dispositions and Assets Held fo

Dispositions and Assets Held for Sale	3 Months Ended
	Mar. 31, 2018
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, 2018, the Company disposed of six shopping centers and one outparcel for net proceeds of $104.2 million resulting in a gain of $11.4 million and impairment of $0.2 million . The Company had no properties held for sale as of March 31, 2018. During the three months ended March 31, 2017, the Company disposed of three shopping centers for net proceeds of $34.1 million resulting in a gain of $8.8 million . The Company had no properties held for sale as of March 31, 2017. There were no discontinued operations for the three months ended March 31, 2018 and 2017 as none of the dispositions represented a strategic shift in the Company’s business that would qualify as discontinued operations.

Real Estate

Real Estate	3 Months Ended
	Mar. 31, 2018
Real Estate [Abstract]
Real Estate	Real Estate The Company’s components of Real estate, net consisted of the following: March 31, 2018 December 31, 2017 Land $ 1,962,364 $ 1,984,309 Buildings and improvements: Buildings and tenant improvements (1) 8,121,758 8,145,085 Lease intangibles (2) 774,344 792,097 10,858,466 10,921,491 Accumulated depreciation and amortization (3) (2,405,579 ) (2,361,070 ) Total $ 8,452,887 $ 8,560,421 (1) As of March 31, 2018 and December 31, 2017, Buildings and tenant improvements included accrued amounts of $ 20.3 million and $ 22.8 million , respectively, related to construction in progress, net of any anticipated insurance proceeds. (2) As of March 31, 2018 and December 31, 2017, Lease intangibles consisted of $700.0 million and $715.1 million , respectively, of in-place leases and $74.4 million and $77.0 million , respectively, of above-market leases. These intangible assets are amortized over the term of each related lease. (3) As of March 31, 2018 and December 31, 2017, Accumulated depreciation and amortization included $623.1 million and $629.1 million , respectively, of accumulated amortization related to Lease intangibles. In addition, as of March 31, 2018 and December 31, 2017, the Company had intangible liabilities relating to below-market leases of $455.8 million and $463.3 million , respectively, and accumulated accretion of $284.3 million and $281.5 million , respectively. These intangible liabilities are included in Accounts payable, accrued expenses and other liabilities in 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 expense for the three months ended March 31, 2018 and 2017 was $6.8 million and $7.8 million , respectively. These amounts are included in Rental income in the Company’s unaudited Condensed Consolidated Statements of Operations. Amortization expense associated with in-place lease value for the three months ended March 31, 2018 and 2017 was $9.3 million and $12.1 million , respectively. These amounts are included in Depreciation and amortization in 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 In-place lease amortization expense 2018 (remaining nine months) $ (17,909 ) $ 24,663 2019 (20,384 ) 26,802 2020 (16,624 ) 19,840 2021 (13,782 ) 14,295 2022 (11,539 ) 10,811

Impairments

Impairments	3 Months Ended
	Mar. 31, 2018
Impairment of Real Estate [Abstract]
Impairments	Impairments On a periodic basis, management assesses whether there are any indicators, including property operating performance, changes in anticipated holding period and general market conditions, that the value of the Company’s real estate assets (including any related intangible assets or liabilities) may be impaired. If management determines that the carrying value of a real estate asset is impaired, a loss is recognized for the excess of its carrying amount over its fair value. The Company recognized the following impairments during the three months ended March 31, 2018: Three Months Ended March 31, 2018 Property Name (1) Location GLA Impairment Charge Crossroads Centre (2) Fairview Heights, IL 242,752 $ 204 Roundtree Place Ypsilanti, MI 246,620 3,772 Pensacola Square Pensacola, FL 142,767 1,345 Southland Shopping Plaza Toledo, OH 285,278 6,942 Skyway Plaza St. Petersburg, FL 110,799 3,639 1,028,216 $ 15,902 (1) The Company recognized impairment charges based upon a change in the estimated hold period of these properties in connection with the Company’s capital recycling program. (2) The Company disposed of this property during the three months ended March 31, 2018. The Company recognized the following impairments during the three months ended March 31, 2017: Three Months Ended March 31, 2017 Property Name (1) Location GLA Impairment Charge The Plaza at Salmon Run Watertown, NY 68,761 $ 3,486 Smith’s Socorro, NM 48,000 2,200 116,761 $ 5,686 (1) The Company recognized impairment charges based upon a change in the estimated hold period of these properties in connection with the Company’s capital recycling program. 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 which have been impaired.

Financial Instruments - Derivat

Financial Instruments - Derivatives and Hedging	3 Months Ended
	Mar. 31, 2018
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 limited to the utilization of interest rate agreements or other instruments to manage interest rate risk exposures and not 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. The Company’s objective in using interest rate derivatives is to add stability to interest expense and to manage its exposure to interest rate movements. Cash Flow Hedges of Interest Rate Risk Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchanging the underlying notional amount. The Company utilizes interest rate swaps to partially hedge the cash flows associated with variable LIBOR based interest rate debt. During the three months ended March 31, 2018, the Company did not enter into any new interest rate swap agreements. Detail on the Company’s interest rate derivatives designated as cash flow hedges outstanding as of March 31, 2018 and December 31, 2017 is as follows: Number of Instruments Notional Amount March 31, 2018 December 31, 2017 March 31, 2018 December 31, 2017 Interest Rate Swaps 9 9 $ 1,400,000 $ 1,400,000 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 Company’s fair value of interest rate derivatives on a gross and net basis as of March 31, 2018 and December 31, 2017, respectively, is as follows: Fair Value of Derivative Instruments Interest rate swaps classified as: March 31, 2018 December 31, 2017 Gross derivative assets $ 29,193 $ 24,420 Gross derivative liabilities — — Net derivative assets $ 29,193 $ 24,420 The gross derivative assets are included in Other assets and the gross derivative liabilities are included in Accounts payable, accrued expenses and other liabilities on the Company’s unaudited Condensed Consolidated Balance Sheets. All of the Company’s outstanding interest rate swap agreements for the periods presented were designated as cash flow hedges of interest rate risk. The fair value of the Company’s interest rate derivatives is determined using market standard valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. These inputs are classified as Level 2 of the fair value hierarchy. The effective portion of changes in the fair value of derivatives designated as, and that qualify as, cash flow hedges is recognized in other comprehensive income (“OCI”) 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 in the Company’s unaudited Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31, 2018 and 2017 is as follows: Derivatives in Cash Flow Hedging Relationships (Interest Rate Swaps) Three Months Ended March 31, 2018 2017 Change in unrealized gain on interest rate swaps $ 7,234 $ 2,157 Amortization (accretion) of interest rate swaps to interest expense (2,461 ) 462 Change in unrealized gain on interest rate swaps, net $ 4,773 $ 2,619 The Company estimates that $12.1 million will be reclassified from accumulated other comprehensive income as a decrease 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, 2018 or 2017. 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, 2018 and December 31, 2017, the Company did not have any non-designated hedges. Credit-risk-related Contingent Features The Company has agreements with its derivative counterparties that contain a provision whereby if the Company defaults on certain of its indebtedness and the indebtedness has been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. If the Company were to breach any of the contractual provisions of the derivative contracts, it would be required to settle its obligations under the agreements at their termination value including accrued interest.

Debt Obligations

Debt Obligations	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Debt Obligations	Debt Obligations As of March 31, 2018 and December 31, 2017, the Company had the following indebtedness outstanding: Carrying Value as of March 31, 2018 December 31, Stated Interest Rate (1) Scheduled Maturity Date Secured loans Secured loans (2)(3) $ 897,859 $ 902,717 4.40% – 7.89% 2018 – 2024 Net unamortized premium 13,888 15,321 Net unamortized debt issuance costs (82 ) (93 ) Total secured loans, net 911,665 917,945 Notes payable Unsecured notes (4) 3,218,453 3,218,453 3.25% – 7.97% 2022 – 2029 Net unamortized discount (13,004 ) (13,485 ) Net unamortized debt issuance costs (21,678 ) (22,476 ) Total notes payable, net 3,183,771 3,182,492 Unsecured Credit Facility and term loans Unsecured Credit Facility (5) 635,000 685,000 3.04% 2018 – 2021 Unsecured $600 Million Term Loan (6) 600,000 600,000 3.09% 2019 Unsecured $300 Million Term Loan (7) 300,000 300,000 3.56% 2024 Net unamortized debt issuance costs (8,325 ) (9,199 ) Total Unsecured Credit Facility and term loans 1,526,675 1,575,801 Total debt obligations, net $ 5,622,111 $ 5,676,238 (1) The stated interest rates are as of March 31, 2018 and do not include the impact of the Company’s interest rate swap agreements (described below). (2) The Company’s secured loans are collateralized by certain properties and the equity interests of certain subsidiaries. These properties had a carrying value as of March 31, 2018 of approximately $1.7 billion . (3) The weighted average stated interest rate on the Company’s secured loans was 6.16% as of March 31, 2018. (4) The weighted average stated interest rate on the Company’s unsecured notes was 3.81% as of March 31, 2018. (5) Effective November 1, 2016, the Company has in place one interest rate swap agreement that converts the variable interest rate on a $135.0 million term loan under the Company’s senior unsecured credit facility agreement, as amended July 25, 2016, (the “Unsecured Credit Facility”) to a fixed interest rate of 0.82% (plus a spread of 135 bps) through July 31, 2018, and three interest rate swap agreements that convert the variable interest rate on a $500.0 million term loan under the Unsecured Credit Facility to a fixed, combined interest rate of 1.11% (plus a spread of 135 bps) through July 30, 2021. (6) Effective November 1, 2016, the Company has in place two interest rate swap agreements that convert the variable interest rate on $200.0 million of the Company’s $600 million term loan agreement, as amended July 25, 2016, (the “$600 Million Term Loan”) to a fixed, combined interest rate of 0.82% (plus a spread of 140 bps) through July 31, 2018, and three interest rate swap agreements that convert the variable interest rate on $400.0 million of the $600 Million Term Loan to a fixed, combined interest rate of 0.88% (plus a spread of 140 bps) through March 18, 2019. (7) Effective July 28, 2017, the Company has in place one interest rate swap agreement that converts the variable interest rate on $165.0 million of the Company's $300 million term loan agreement, as entered into July 28, 2017, (the "$300 Million Term Loan") to a fixed, combined interest rate of 0.82% (plus a spread of 190 bps) through July 31, 2018. 2018 Debt Transactions During the three months ended March 31, 2018, the Company repaid a total of $50.0 million of unsecured term loan debt under the Company’s Unsecured Credit Facility, resulting in a $0.1 million loss on extinguishment of debt. These repayments were funded primarily with disposition proceeds. Pursuant to the terms of the Company’s unsecured debt agreements, the Company among other things is subject to maintenance of various financial covenants. The Company was in compliance with these covenants as of March 31, 2018. Debt Maturities As of March 31, 2018 and December 31, 2017, the Company had accrued interest of $26.7 million and $35.9 million outstanding, respectively. As of March 31, 2018, scheduled amortization and maturities of the Company’s outstanding debt obligations were as follows: Year ending December 31, 2018 (remaining nine months) $ 148,260 2019 618,679 2020 672,695 2021 686,225 2022 500,000 Thereafter 3,025,453 Total debt maturities 5,651,312 Net unamortized premiums and discounts 884 Net unamortized debt issuance costs (30,085 ) Total debt obligations, net $ 5,622,111

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Mar. 31, 2018
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, 2018 December 31, 2017 Carrying Amounts Fair Value Carrying Amounts Fair Value Secured loans $ 911,665 $ 946,503 $ 917,945 $ 963,702 Notes payable 3,183,771 3,154,654 3,182,492 3,224,877 Unsecured Credit Facility and term loans 1,526,675 1,536,230 1,575,801 1,586,206 Total debt obligations, net $ 5,622,111 $ 5,637,387 $ 5,676,238 $ 5,774,785 As a basis for considering market participant assumptions in fair value measurements, a fair value hierarchy is included in GAAP that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs that are classified within Level 3 of the hierarchy). In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The valuation methodology used to estimate the fair value of the Company’s debt obligations is based on a discounted cash flow analysis, with assumptions that include credit spreads, estimated property values, loan amounts and maturity dates. Based on these inputs, the Company has determined that the valuations of its debt obligations are classified within Level 3 of the fair value hierarchy. Such fair value estimates are not necessarily indicative of the amounts that would be realized upon disposition. Recurring Fair Value The Company’s marketable securities and interest rate derivatives are measured and recognized at fair value on a recurring basis. The valuations of the Company’s marketable securities are based primarily on publicly traded market values in active markets and are classified within Level 1 or 2 of the fair value hierarchy. See Note 6 for fair value information regarding the Company’s interest rate derivatives. The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured and recognized at fair value on a recurring basis: Fair Value Measurements as of March 31, 2018 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Marketable securities (1) $ 27,063 $ 1,216 $ 25,847 $ — Interest rate derivatives $ 29,193 $ — $ 29,193 $ — Fair Value Measurements as of December 31, 2017 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Marketable securities (1) $ 28,006 $ 725 $ 27,281 $ — Interest rate derivatives $ 24,420 $ — $ 24,420 $ — (1) As of March 31, 2018 and December 31, 2017, marketable securities included $0.3 million and $0.2 million of net unrealized losses, respectively. Non-Recurring Fair Value On a non-recurring basis, the Company evaluates the carrying value of its properties when events or changes in circumstances indicate that the carrying value may not be recoverable. Fair value is determined by purchase price offers, market comparable data, third party appraisals or by discounted cash flow analysis. These cash flows are comprised of unobservable inputs which include forecasted rental revenue and expenses based upon market conditions and future expectations. Capitalization rates and discount rates utilized in these models are based upon unobservable rates that we believe 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 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, 2018 and during the year ended December 31, 2017, excluding the properties sold prior to March 31, 2018 and December 31, 2017, respectively: Fair Value Measurements as of March 31, 2018 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impairment of real estate assets Assets: Properties (1)(2) $ 27,477 $ — $ — $ 27,477 $ 15,698 Fair Value Measurements as of December 31, 2017 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impairment of real estate assets Assets: Properties (3)(4) $ 73,303 $ — $ — $ 73,303 $ 17,195 (1) Excludes properties disposed of prior to March 31, 2018. (2) The carrying value of properties remeasured to fair value during the three months ended March 31, 2018 include: (i) $11.3 million related to Roundtree Place, (ii) $8.8 million related to Pensacola Square, and (iii) $4.5 million related to Southland Shopping Center based upon offers from third party buyers, and (iv) $2.9 million related to Skyway Plaza based upon a discounted cash flow analysis. The capitalization rate of 9.3% and discount rate of 10.4% which were utilized in the analysis were based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for each respective investment. (3) Excludes properties disposed of prior to December 31, 2017. (4) The carrying value of properties remeasured to fair value during the year ended December 31, 2017 include: (i) $46.9 million related to The Manchester Collection, (ii) $2.4 million related to Fashion Square, and (iii) $14.3 million related to Crossroads Centre based upon offers from third party buyers, and (iv) $7.8 million related to The Plaza at Salmon Run and (v) $1.9 million related to Smith’s based upon a discounted cash flow analysis. The capitalization rates (ranging from 7.0% to 8.5% ) and discount rates (ranging from 7.9% to 9.5% ) which were utilized in the analysis were based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for each respective investment.

Equity and Capital

Equity and Capital	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Equity and Capital	Equity and Capital Share Repurchase Program In December 2017, the Board of Directors authorized a share repurchase program for up to $400.0 million of the Company’s common stock. The program is scheduled to expire on December 5, 2019, unless extended by the Board of Directors. During the three months ended March 31, 2018, the Company repurchased approximately 1.9 million shares of common stock under the program at an average price per share of $15.47 for a total of approximately $29.7 million . The Company incurred commissions of less than $0.1 million in conjunction with the program for the three months ended March 31, 2018. 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 statutory minimum tax withholding obligations. During the three months ended March 31, 2018 and 2017, the Company withheld 0.1 million shares. Dividends and Distributions During the three months ended March 31, 2018 and 2017, the Company declared common stock dividends and OP Unit distributions of $0.275 per share/unit and $0.260 per share/unit, respectively. As of March 31, 2018 and December 31, 2017, the Company had declared but unpaid common stock dividends and OP Unit distributions of $84.9 million and $85.6 million , respectively. These amounts are included in Accounts payable, accrued expenses and other liabilities on the Company’s unaudited Condensed Consolidated Balance Sheets. Non-controlling interests As of March 31, 2018, the Parent Company beneficially owned, through its direct and indirect interest in BPG Sub and the General Partner, 100.0% of the outstanding OP Units. During the three months ended March 31, 2017, the Company exchanged 0.4 million shares of the Company’s common stock for an equal number of outstanding OP Units held by certain members of the Parent Company's current and former management.

Stock Based Compensation

Stock Based Compensation	3 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Based Compensation	Stock Based Compensation During the year ended December 31, 2013, the Board of Directors approved the 2013 Omnibus Incentive Plan (the “Plan”). The Plan provides for a maximum of 15.0 million shares of the Company’s common stock to be issued for qualified and non-qualified options, stock appreciation rights, restricted stock and RSUs, OP Units, performance awards and other stock-based awards. During the three months ended March 31, 2018 and the year ended December 31, 2017, 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 vesting conditions, which contain a threshold, target, and maximum number of units which can be earned. The number of units actually earned for each tranche is determined based on performance during a specified performance period. Tranches that only have a service-based component can only earn a target number of units. The aggregate number of RSUs granted, assuming that the target level of performance is achieved, was 0.7 million and 0.6 million for the three months ended March 31, 2018 and year ended December 31, 2017, respectively, with vesting periods ranging from one to five years. For the performance-based and service-based RSUs granted under the Plan, fair value is based on the Company grant date stock price. For the market-based RSUs granted during the three months ended March 31, 2018 and year ended December 31, 2017, the Company calculated the grant date fair values per unit using a Monte Carlo simulation based on 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: (i) volatility of 29.0% to 32.0% and 22.0% to 23.0% , respectively; (ii) a weighted average risk-free interest rate of 2.43% to 2.53% and 1.20% to 1.41% , respectively; and (iii) the Company’s weighted average common stock dividend yield of 5.6% and 4.0% to 4.6% , respectively. During the three months ended March 31, 2018 and 2017, the Company recognized $2.5 million and $2.1 million of equity compensation expense. These amounts are included in General and administrative expense in the Company’s unaudited Condensed Consolidated Statements of Operations. As of March 31, 2018, the Company had $20.5 million of total unrecognized compensation expense related to unvested stock compensation 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, 2018
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 shareholders 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, 2018 and 2017 (dollars in thousands, except per share data): Three Months Ended March 31, 2018 2017 Computation of Basic Earnings Per Share: Net income $ 61,022 $ 71,655 Net income attributable to non-controlling interests — (76 ) Non-forfeitable dividends on unvested restricted shares (56 ) (10 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 60,966 $ 71,569 Weighted average number shares outstanding – basic 304,158 304,569 Basic earnings per share attributable to the Company’s common stockholders: Net income $ 0.20 $ 0.23 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for diluted earnings per share $ 60,966 $ 71,569 Weighted average shares outstanding – basic 304,158 304,569 Effect of dilutive securities: Equity awards 120 226 Weighted average shares outstanding – diluted (1) 304,278 304,795 Diluted earnings per share attributable to the Company’s common stockholders: Net income $ 0.20 $ 0.23 (1) For the three months ended March 31, 2017, the weighted average number of vested OP Units outstanding was 0.3 million and was not dilutive.

Earnings per Unit

Earnings per Unit	3 Months Ended
	Mar. 31, 2018
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 shareholders 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, 2018 and 2017 (dollars in thousands, except per share data): Three Months Ended March 31, 2018 2017 Computation of Basic Earnings Per Share: Net income $ 61,022 $ 71,655 Net income attributable to non-controlling interests — (76 ) Non-forfeitable dividends on unvested restricted shares (56 ) (10 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 60,966 $ 71,569 Weighted average number shares outstanding – basic 304,158 304,569 Basic earnings per share attributable to the Company’s common stockholders: Net income $ 0.20 $ 0.23 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for diluted earnings per share $ 60,966 $ 71,569 Weighted average shares outstanding – basic 304,158 304,569 Effect of dilutive securities: Equity awards 120 226 Weighted average shares outstanding – diluted (1) 304,278 304,795 Diluted earnings per share attributable to the Company’s common stockholders: Net income $ 0.20 $ 0.23 (1) For the three months ended March 31, 2017, the weighted average number of vested OP Units outstanding was 0.3 million and was not dilutive.
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, 2018 and 2017 (dollars in thousands, except per unit data): Three Months Ended March 31, 2018 2017 Computation of Basic Earnings Per Unit: Net income attributable to Brixmor Operating Partnership LP $ 61,022 $ 71,655 Non-forfeitable dividends on unvested restricted units (56 ) (10 ) Net income attributable to the Operating Partnership’s common units for basic earnings per unit $ 60,966 $ 71,645 Weighted average number common units outstanding – basic 304,158 304,888 Basic earnings per unit attributable to the Operating Partnership’s common units: Net income $ 0.20 $ 0.23 Computation of Diluted Earnings Per Unit: Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $ 60,966 $ 71,645 Weighted average common units outstanding – basic 304,158 304,888 Effect of dilutive securities: Equity awards 120 226 Weighted average common units outstanding – diluted 304,278 305,114 Diluted earnings per unit attributable to the Operating Partnership’s common units: Net income $ 0.20 $ 0.23

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Matters Except as described below, the Company is not presently involved in any material litigation arising outside the ordinary course of business. However, the Company is involved in routine litigation arising in the ordinary course of business, none of which the Company believes, individually or in the aggregate, taking into account existing reserves, will have a material impact on the Company’s results of operations, cash flows, or financial position. On February 8, 2016, the Company issued a press release and filed a Form 8-K reporting the completion of a review by the Audit Committee of the Company’s Board of Directors that began after the Company received information in late December 2015 through its established compliance processes. The Audit Committee review led the Board of Directors to conclude that specific Company accounting and financial reporting personnel, in certain instances, were smoothing income items, both up and down, between reporting periods in an effort to achieve consistent quarterly same property net operating income growth. As a result of the Audit Committee review and the conclusions reached by the Board of Directors, the Company’s Chief Executive Officer, its President and Chief Financial Officer, its Chief Accounting Officer and Treasurer, and an accounting employee all resigned. Following these resignations the Company appointed a new Interim Chief Executive Officer and President, Interim Chief Financial Officer and Interim Chief Accounting Officer. A new Chief Executive Officer and Chief Financial Officer were appointed effective May 20, 2016. A new Chief Accounting Officer was appointed effective March 8, 2017. Prior to the Company’s February 8, 2016 announcement, the Company voluntarily reported these matters to the SEC. As a result, the SEC and the United States Attorney’s Office for the Southern District of New York are conducting investigations of certain aspects of the Company’s financial reporting and accounting for prior periods and the Company is cooperating fully. On December 13, 2017, the United States District Court for the Southern District of New York granted final approval of the settlement of the previously disclosed putative securities class action complaint filed in March 2016 by the Westchester Putnam Counties Heavy & Highway Laborers Local 60 Benefit Funds related to the review conducted by the Audit Committee of the Board of Directors. Pursuant to the approved settlement, without any admission of liability, the Company will pay $28.0 million to settle the claims. This amount is within the coverage amount of the Company’s applicable insurance policies and has been funded into escrow by the insurance carriers. The settlement provides for the release of, among others, the Company, its subsidiaries, and their respective current and former officers, directors and employees from the claims that were or could have been asserted in the class action litigation. Certain institutional investors elected to opt out of the settlement and will not be bound by the release or receive any settlement proceeds. The Company expects that the resolution of any future related claims asserted by such opt-outs will also be within the coverage amount of the Company’s applicable insurance policies. During the three months ended March 31, 2018, $8.5 million of the settlement amount was released from escrow per the court approved settlement agreement for the payment of plaintiff’s legal fees. The remaining settlement balance of $19.5 million remains in escrow pending final class distribution. As of March 31, 2018, the $19.5 million amount is included in Accounts payable, accrued expenses and other liabilities in the Company’s unaudited Condensed Consolidated Balance Sheets. Because the settlement amount is within the coverage amount of the Company’s applicable insurance policies, the Company accrued a receivable of $19.5 million as of March 31, 2018. This amount is included in Accounts receivable, net in the Company’s unaudited Condensed Consolidated Balance Sheets. Leasing commitments The Company periodically enters into ground leases for neighborhood and community shopping centers that it operates and enters into office leases for administrative space. During the three months ended March 31, 2018 and 2017, the Company recognized rent expense associated with these leases of $1.8 million and $1.9 million , respectively. Minimum annual rental commitments associated with these leases during the next five years and thereafter are as follows: Year ending December 31, 2018 (remaining nine months) $ 5,446 2019 7,225 2020 7,244 2021 7,453 2022 7,521 Thereafter 72,621 Total minimum annual rental commitments $ 107,510 Environmental matters Under various federal, state and local laws, ordinances and regulations, the Company may be considered an owner or operator of real property or may have arranged for the disposal or treatment of hazardous or toxic substances. As a result, the Company may be liable for certain costs including removal, remediation, government 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 results of operations, cash flows, or financial position.

Related-Party Transactions

Related-Party Transactions	3 Months Ended
	Mar. 31, 2018
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 and/or its related parties’ real estate assets. As of March 31, 2018 and December 31, 2017, there were no material receivables from or payables to related parties.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2018
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, 2018 for recognition or disclosure purposes. Based on this evaluation, there were no subsequent events from March 31, 2018 through the date the financial statements were issued.

Nature of Business and Financ25

Nature of Business and Financial Statement Presentation (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Description of Business	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 common stock of BPG Subsidiary Inc. (“BPG Sub”), which, in turn, is the sole member of Brixmor OP GP LLC (the “General Partner”), the sole general partner of the Operating Partnership. The Parent Company engages in the ownership, management, leasing, acquisition, disposition and redevelopment of retail shopping centers through the Operating Partnership, and has no other 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”) believes it owns and operates one of the largest open air retail portfolios by gross leasable area (“GLA”) in the United States (“U.S.”), comprised primarily of community and neighborhood shopping centers. As of March 31, 2018, the Company’s portfolio was comprised of 480 shopping centers totaling approximately 82 million square feet of gross leasable area (the “Portfolio”). In addition, the Company has one land parcel currently under development. The Company’s high quality national Portfolio is primarily located within established trade areas in the top 50 Metropolitan Statistical Areas, and our 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	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 Company has determined that it is preferable to present underwriter fees associated with the Company’s issuance of unsecured senior notes in the line item Deferred financing costs as opposed to deducting the amount of the fees within the line item Proceeds from unsecured notes. These line items are both within financing activities in the accompanying unaudited Condensed Consolidated Statements of Cash Flows. In connection with this revised presentation, certain prior period balances have been adjusted to conform to the current period presentation described above. 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, 2017 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 12, 2018.
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. The portions of consolidated entities not owned by the Parent Company and the Operating Partnership are presented as non-controlling interests as of and during the periods presented. All intercompany transactions have been eliminated.
Income Taxes	Income Taxes The Parent Company 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, the Parent Company must meet a number of organizational and operational requirements, including a requirement that it currently distribute to its stockholders at least 90% of its REIT taxable income, determined without regard to the deduction for dividends paid and excluding net capital gains. It is management’s intention to adhere to these requirements and maintain the Parent Company’s REIT status. As a REIT, the Parent Company 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. The Parent Company 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 on the Company's taxable income do not materially impact the unaudited Condensed Consolidated Financial Statements of the Company. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal taxes at regular corporate rates (including any applicable alternative minimum tax for tax years beginning before December 31, 2017) and may not be able to qualify as a REIT for four subsequent taxable years. Even if the Parent Company qualifies for taxation as a REIT, the Company 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. The Company has elected to treat certain of its subsidiaries as taxable REIT subsidiaries (“TRS”), and the Company may in the future elect to treat newly formed and/or existing subsidiaries as TRSs. A TRS may participate in non-real estate-related activities and/or perform non-customary services for tenants and are subject to certain limitations under the Code. A TRS is subject to U.S. federal and state income taxes. Income taxes related to the Company’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, 2018 and December 31, 2017. Open tax years generally range from 2014 through 2017, but may vary by jurisdiction and issue.
New Accounting Pronouncements	New Accounting Pronouncements In August 2017, the FASB issued Accounting Standards Update (“ASU”) 2017-12, “ Derivatives and Hedging (Topic 815) .” ASU 2017-12 amends guidance to more closely align the results of cash flow and fair value hedge accounting with risk management activities through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements. ASU 2017-12 was early adopted by the Company on January 1, 2018. The Company determined that these changes did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In May 2017, the FASB issued ASU 2017-09, “ Compensation - Stock Compensation (Topic 718) .” ASU 2017-09 clarifies guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. The standard became effective for the Company on January 1, 2018. The Company determined that these changes did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In February 2017, the FASB issued ASU 2017-05, “ Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance.” ASU 2017-05 focuses on recognizing gains and losses from the transfer of nonfinancial assets with noncustomers. It provides guidance as to the definition of an “in substance nonfinancial asset,” and provides guidance for sales of real estate, including partial sales. The standard became effective for the Company on January 1, 2018 in conjunction with ASU 2014-09 and the Company applied the same transition method as ASU 2014-09. The Company did not record any cumulative adjustment in connection with the adoption of the new pronouncement. The Company determined that these changes did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In August 2016, the FASB issued ASU 2016-15, “ Statement of Cash Flows (Topic 230). ” ASU 2016-15 provides classification guidance for certain cash receipts and cash payments including payment of debt extinguishment costs, settlement of zero-coupon debt instruments, insurance claim payments and distributions from equity method investees. The standard became effective for the Company on January 1, 2018. The Company determined that these changes did not have a material impact on the unaudited Condensed Consolidated Financial Statements of the Company. In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842). ” ASU 2016-02 sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to recognize a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The pronouncement requires a modified retrospective method of adoption and is effective on January 1, 2019, with early adoption permitted. The Company will continue to evaluate the effect the adoption of ASU 2016-02 will have on the unaudited Condensed Consolidated Financial Statements of the Company. However, the Company currently believes that the adoption of ASU 2016-02 will not have a material impact for operating leases where it is a lessor and will continue to record revenues from rental properties for its operating leases on a straight-line basis. However, for leases where the Company is a lessee, primarily for the Company’s ground leases and administrative office leases, the Company will be required to record a lease liability and a right of use asset on its unaudited Condensed Consolidated Balance Sheets at fair value upon adoption. In addition, direct internal leasing overhead costs will continue to be capitalized, however, indirect internal leasing overhead costs previously capitalized will be expensed under ASU 2016-02. In May 2014, the FASB issued ASU 2014-09, “ Revenue from Contracts with Customers (Topic 606). ” ASU 2014-09 contains a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The guidance in ASU 2014-09 affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of non-financial assets unless those contracts are within the scope of other standards. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The pronouncement allows either a full or modified retrospective method of adoption. The standard became effective for the Company on January 1, 2018 and the Company elected the modified retrospective approach of adoption, which requires a cumulative adjustment as of the date of the adoption, if applicable. The Company did not record any such cumulative adjustment in connection with the adoption of the new pronouncement. Substantially all of the Company’s tenant-related revenue is recognized pursuant to lease agreements and is out of the scope of ASU 2014-09 and falls instead under ASU 2016-02, which is discussed above and will not be effective until January 1, 2019. As a result, the Company determined that ASU 2014-09 did not have a material impact on the process for, timing of, and presentation and disclosure of revenue recognition from contracts with tenants and other customers. Any other recently issued accounting standards or pronouncements not disclosed above have been excluded as they either are not relevant to the Company, or they are not expected to have a material effect 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, 2018
Real Estate [Abstract]
Schedule of Business Acquisitions, by Acquisition	During the three months ended March 31, 2018, the Company did not acquire any real estate assets. During the three months ended March 31, 2017, the Company acquired the following assets, in separate transactions: Description (1) Location Month Acquired GLA Aggregate Purchase Price Outparcel building adjacent to Annex of Arlington Arlington Heights, IL Feb-17 5,760 $ 1,006 Outparcel adjacent to Northeast Plaza Atlanta, GA Feb-17 N/A 1,537 Arborland Center Ann Arbor, MI Mar-17 403,536 102,268 409,296 $ 104,811 (1) No debt was assumed related to any of the listed acquisitions.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The aggregate purchase price of the properties acquired during the three months ended March 31, 2017 has been allocated as follows: Three Months Ended March 31, 2017 Assets Land $ 16,130 Buildings 72,543 Building and tenant improvements 8,352 Above-market leases (1) 2,381 In-place leases (1) 8,259 Total assets 107,665 Liabilities Below-market leases (1) 2,854 Other liabilities — Total liabilities 2,854 Net assets acquired $ 104,811 (1) The weighted average amortization period at the time of acquisition for above-market leases, in-place leases and below-market leases related to properties acquired during the three months ended March 31, 2017 was 5.0 years, 6.6 years and 16.9 years, respectively.

Real Estate (Tables)

Real Estate (Tables)	3 Months Ended
	Mar. 31, 2018
Real Estate [Abstract]
Schedule of real estate properties	The Company’s components of Real estate, net consisted of the following: March 31, 2018 December 31, 2017 Land $ 1,962,364 $ 1,984,309 Buildings and improvements: Buildings and tenant improvements (1) 8,121,758 8,145,085 Lease intangibles (2) 774,344 792,097 10,858,466 10,921,491 Accumulated depreciation and amortization (3) (2,405,579 ) (2,361,070 ) Total $ 8,452,887 $ 8,560,421 (1) As of March 31, 2018 and December 31, 2017, Buildings and tenant improvements included accrued amounts of $ 20.3 million and $ 22.8 million , respectively, related to construction in progress, net of any anticipated insurance proceeds. (2) As of March 31, 2018 and December 31, 2017, Lease intangibles consisted of $700.0 million and $715.1 million , respectively, of in-place leases and $74.4 million and $77.0 million , respectively, of above-market leases. These intangible assets are amortized over the term of each related lease. (3) As of March 31, 2018 and December 31, 2017, Accumulated depreciation and amortization included $623.1 million and $629.1 million , respectively, of accumulated amortization related to Lease intangibles.
Schedule of expected net amortization expense associated with intangible assets and liabilities	The Company’s estimated below-market lease accretion income, net of above-market lease amortization expense, and in-place lease amortization expense, for the next five years are as follows: Year ending December 31, Below-market lease accretion (income), net of above-market lease amortization In-place lease amortization expense 2018 (remaining nine months) $ (17,909 ) $ 24,663 2019 (20,384 ) 26,802 2020 (16,624 ) 19,840 2021 (13,782 ) 14,295 2022 (11,539 ) 10,811

Impairments (Tables)

Impairments (Tables)	3 Months Ended
	Mar. 31, 2018
Impairment of Real Estate [Abstract]
Schedule of Impairments	The Company recognized the following impairments during the three months ended March 31, 2018: Three Months Ended March 31, 2018 Property Name (1) Location GLA Impairment Charge Crossroads Centre (2) Fairview Heights, IL 242,752 $ 204 Roundtree Place Ypsilanti, MI 246,620 3,772 Pensacola Square Pensacola, FL 142,767 1,345 Southland Shopping Plaza Toledo, OH 285,278 6,942 Skyway Plaza St. Petersburg, FL 110,799 3,639 1,028,216 $ 15,902 (1) The Company recognized impairment charges based upon a change in the estimated hold period of these properties in connection with the Company’s capital recycling program. (2) The Company disposed of this property during the three months ended March 31, 2018. The Company recognized the following impairments during the three months ended March 31, 2017: Three Months Ended March 31, 2017 Property Name (1) Location GLA Impairment Charge The Plaza at Salmon Run Watertown, NY 68,761 $ 3,486 Smith’s Socorro, NM 48,000 2,200 116,761 $ 5,686 (1) The Company recognized impairment charges based upon a change in the estimated hold period of these properties in connection with the Company’s capital recycling program.

Financial Instruments - Deriv29

Financial Instruments - Derivatives and Hedging (Tables)	3 Months Ended
	Mar. 31, 2018
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, 2018 and December 31, 2017 is as follows: Number of Instruments Notional Amount March 31, 2018 December 31, 2017 March 31, 2018 December 31, 2017 Interest Rate Swaps 9 9 $ 1,400,000 $ 1,400,000
Schedule of derivative instruments in Statement of Financial Position, fair value	Detail on the Company’s fair value of interest rate derivatives on a gross and net basis as of March 31, 2018 and December 31, 2017, respectively, is as follows: Fair Value of Derivative Instruments Interest rate swaps classified as: March 31, 2018 December 31, 2017 Gross derivative assets $ 29,193 $ 24,420 Gross derivative liabilities — — Net derivative assets $ 29,193 $ 24,420
Schedule of Derivatives in Cash Flow Hedging Relationships	The effective portion of the Company’s interest rate swaps that was recognized in the Company’s unaudited Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31, 2018 and 2017 is as follows: Derivatives in Cash Flow Hedging Relationships (Interest Rate Swaps) Three Months Ended March 31, 2018 2017 Change in unrealized gain on interest rate swaps $ 7,234 $ 2,157 Amortization (accretion) of interest rate swaps to interest expense (2,461 ) 462 Change in unrealized gain on interest rate swaps, net $ 4,773 $ 2,619

Debt Obligations (Tables)

Debt Obligations (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Debt obligations under various arrangements with financial institutions	As of March 31, 2018 and December 31, 2017, the Company had the following indebtedness outstanding: Carrying Value as of March 31, 2018 December 31, Stated Interest Rate (1) Scheduled Maturity Date Secured loans Secured loans (2)(3) $ 897,859 $ 902,717 4.40% – 7.89% 2018 – 2024 Net unamortized premium 13,888 15,321 Net unamortized debt issuance costs (82 ) (93 ) Total secured loans, net 911,665 917,945 Notes payable Unsecured notes (4) 3,218,453 3,218,453 3.25% – 7.97% 2022 – 2029 Net unamortized discount (13,004 ) (13,485 ) Net unamortized debt issuance costs (21,678 ) (22,476 ) Total notes payable, net 3,183,771 3,182,492 Unsecured Credit Facility and term loans Unsecured Credit Facility (5) 635,000 685,000 3.04% 2018 – 2021 Unsecured $600 Million Term Loan (6) 600,000 600,000 3.09% 2019 Unsecured $300 Million Term Loan (7) 300,000 300,000 3.56% 2024 Net unamortized debt issuance costs (8,325 ) (9,199 ) Total Unsecured Credit Facility and term loans 1,526,675 1,575,801 Total debt obligations, net $ 5,622,111 $ 5,676,238 (1) The stated interest rates are as of March 31, 2018 and do not include the impact of the Company’s interest rate swap agreements (described below). (2) The Company’s secured loans are collateralized by certain properties and the equity interests of certain subsidiaries. These properties had a carrying value as of March 31, 2018 of approximately $1.7 billion . (3) The weighted average stated interest rate on the Company’s secured loans was 6.16% as of March 31, 2018. (4) The weighted average stated interest rate on the Company’s unsecured notes was 3.81% as of March 31, 2018. (5) Effective November 1, 2016, the Company has in place one interest rate swap agreement that converts the variable interest rate on a $135.0 million term loan under the Company’s senior unsecured credit facility agreement, as amended July 25, 2016, (the “Unsecured Credit Facility”) to a fixed interest rate of 0.82% (plus a spread of 135 bps) through July 31, 2018, and three interest rate swap agreements that convert the variable interest rate on a $500.0 million term loan under the Unsecured Credit Facility to a fixed, combined interest rate of 1.11% (plus a spread of 135 bps) through July 30, 2021. (6) Effective November 1, 2016, the Company has in place two interest rate swap agreements that convert the variable interest rate on $200.0 million of the Company’s $600 million term loan agreement, as amended July 25, 2016, (the “$600 Million Term Loan”) to a fixed, combined interest rate of 0.82% (plus a spread of 140 bps) through July 31, 2018, and three interest rate swap agreements that convert the variable interest rate on $400.0 million of the $600 Million Term Loan to a fixed, combined interest rate of 0.88% (plus a spread of 140 bps) through March 18, 2019. (7) Effective July 28, 2017, the Company has in place one interest rate swap agreement that converts the variable interest rate on $165.0 million of the Company's $300 million term loan agreement, as entered into July 28, 2017, (the "$300 Million Term Loan") to a fixed, combined interest rate of 0.82% (plus a spread of 190 bps) through July 31, 2018.
Future expected/scheduled maturities of outstanding debt and capital lease obligations	As of March 31, 2018 and December 31, 2017, the Company had accrued interest of $26.7 million and $35.9 million outstanding, respectively. As of March 31, 2018, scheduled amortization and maturities of the Company’s outstanding debt obligations were as follows: Year ending December 31, 2018 (remaining nine months) $ 148,260 2019 618,679 2020 672,695 2021 686,225 2022 500,000 Thereafter 3,025,453 Total debt maturities 5,651,312 Net unamortized premiums and discounts 884 Net unamortized debt issuance costs (30,085 ) Total debt obligations, net $ 5,622,111

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	Mar. 31, 2018
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, 2018 December 31, 2017 Carrying Amounts Fair Value Carrying Amounts Fair Value Secured loans $ 911,665 $ 946,503 $ 917,945 $ 963,702 Notes payable 3,183,771 3,154,654 3,182,492 3,224,877 Unsecured Credit Facility and term loans 1,526,675 1,536,230 1,575,801 1,586,206 Total debt obligations, net $ 5,622,111 $ 5,637,387 $ 5,676,238 $ 5,774,785
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, 2018 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Marketable securities (1) $ 27,063 $ 1,216 $ 25,847 $ — Interest rate derivatives $ 29,193 $ — $ 29,193 $ — Fair Value Measurements as of December 31, 2017 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Marketable securities (1) $ 28,006 $ 725 $ 27,281 $ — Interest rate derivatives $ 24,420 $ — $ 24,420 $ — (1) As of March 31, 2018 and December 31, 2017, marketable securities included $0.3 million and $0.2 million of net unrealized losses, respectively.
Fair Value Measurements, Nonrecurring	The following table presents the placement in the fair value hierarchy of assets and liabilities that are measured 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, 2018 and during the year ended December 31, 2017, excluding the properties sold prior to March 31, 2018 and December 31, 2017, respectively: Fair Value Measurements as of March 31, 2018 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impairment of real estate assets Assets: Properties (1)(2) $ 27,477 $ — $ — $ 27,477 $ 15,698 Fair Value Measurements as of December 31, 2017 Balance Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impairment of real estate assets Assets: Properties (3)(4) $ 73,303 $ — $ — $ 73,303 $ 17,195 (1) Excludes properties disposed of prior to March 31, 2018. (2) The carrying value of properties remeasured to fair value during the three months ended March 31, 2018 include: (i) $11.3 million related to Roundtree Place, (ii) $8.8 million related to Pensacola Square, and (iii) $4.5 million related to Southland Shopping Center based upon offers from third party buyers, and (iv) $2.9 million related to Skyway Plaza based upon a discounted cash flow analysis. The capitalization rate of 9.3% and discount rate of 10.4% which were utilized in the analysis were based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for each respective investment. (3) Excludes properties disposed of prior to December 31, 2017. (4) The carrying value of properties remeasured to fair value during the year ended December 31, 2017 include: (i) $46.9 million related to The Manchester Collection, (ii) $2.4 million related to Fashion Square, and (iii) $14.3 million related to Crossroads Centre based upon offers from third party buyers, and (iv) $7.8 million related to The Plaza at Salmon Run and (v) $1.9 million related to Smith’s based upon a discounted cash flow analysis. The capitalization rates (ranging from 7.0% to 8.5% ) and discount rates (ranging from 7.9% to 9.5% ) which were utilized in the analysis were based upon unobservable rates that the Company believes to be within a reasonable range of current market rates for each respective investment.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2018
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, 2018 and 2017 (dollars in thousands, except per share data): Three Months Ended March 31, 2018 2017 Computation of Basic Earnings Per Share: Net income $ 61,022 $ 71,655 Net income attributable to non-controlling interests — (76 ) Non-forfeitable dividends on unvested restricted shares (56 ) (10 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 60,966 $ 71,569 Weighted average number shares outstanding – basic 304,158 304,569 Basic earnings per share attributable to the Company’s common stockholders: Net income $ 0.20 $ 0.23 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for diluted earnings per share $ 60,966 $ 71,569 Weighted average shares outstanding – basic 304,158 304,569 Effect of dilutive securities: Equity awards 120 226 Weighted average shares outstanding – diluted (1) 304,278 304,795 Diluted earnings per share attributable to the Company’s common stockholders: Net income $ 0.20 $ 0.23 (1) For the three months ended March 31, 2017, the weighted average number of vested OP Units outstanding was 0.3 million and was not dilutive.

Earnings per Unit (Tables)

Earnings per Unit (Tables)	3 Months Ended
	Mar. 31, 2018
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, 2018 and 2017 (dollars in thousands, except per share data): Three Months Ended March 31, 2018 2017 Computation of Basic Earnings Per Share: Net income $ 61,022 $ 71,655 Net income attributable to non-controlling interests — (76 ) Non-forfeitable dividends on unvested restricted shares (56 ) (10 ) Net income attributable to the Company’s common stockholders for basic earnings per share $ 60,966 $ 71,569 Weighted average number shares outstanding – basic 304,158 304,569 Basic earnings per share attributable to the Company’s common stockholders: Net income $ 0.20 $ 0.23 Computation of Diluted Earnings Per Share: Net income attributable to the Company’s common stockholders for diluted earnings per share $ 60,966 $ 71,569 Weighted average shares outstanding – basic 304,158 304,569 Effect of dilutive securities: Equity awards 120 226 Weighted average shares outstanding – diluted (1) 304,278 304,795 Diluted earnings per share attributable to the Company’s common stockholders: Net income $ 0.20 $ 0.23 (1) For the three months ended March 31, 2017, the weighted average number of vested OP Units outstanding was 0.3 million and was not dilutive.
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, 2018 and 2017 (dollars in thousands, except per unit data): Three Months Ended March 31, 2018 2017 Computation of Basic Earnings Per Unit: Net income attributable to Brixmor Operating Partnership LP $ 61,022 $ 71,655 Non-forfeitable dividends on unvested restricted units (56 ) (10 ) Net income attributable to the Operating Partnership’s common units for basic earnings per unit $ 60,966 $ 71,645 Weighted average number common units outstanding – basic 304,158 304,888 Basic earnings per unit attributable to the Operating Partnership’s common units: Net income $ 0.20 $ 0.23 Computation of Diluted Earnings Per Unit: Net income attributable to the Operating Partnership’s common units for diluted earnings per unit $ 60,966 $ 71,645 Weighted average common units outstanding – basic 304,158 304,888 Effect of dilutive securities: Equity awards 120 226 Weighted average common units outstanding – diluted 304,278 305,114 Diluted earnings per unit attributable to the Operating Partnership’s common units: Net income $ 0.20 $ 0.23

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	Minimum annual rental commitments associated with these leases during the next five years and thereafter are as follows: Year ending December 31, 2018 (remaining nine months) $ 5,446 2019 7,225 2020 7,244 2021 7,453 2022 7,521 Thereafter 72,621 Total minimum annual rental commitments $ 107,510

Nature of Business and Financ35

Nature of Business and Financial Statement Presentation (Details)	Mar. 31, 2018ft²Property	Mar. 31, 2017ft²
Nture of Oerations and Financial Statements Presentation [Line Items]
GLA | ft²		409,296
Shopping Center
Nture of Oerations and Financial Statements Presentation [Line Items]
Number of real estate properties | Property	480
GLA | ft²	82,000,000
Land Parcel
Nture of Oerations and Financial Statements Presentation [Line Items]
Number of real estate properties held through an unconsolidated joint venture | Property	1
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, 2017USD ($)ft²
Business Acquisition [Line Items]
GLA | ft²	409,296
Aggregate Purchase Price	$ 104,811
Outparcel building adjacent to Annex of Arlington
Business Acquisition [Line Items]
GLA | ft²	5,760
Aggregate Purchase Price	$ 1,006
Outparcel adjacent to Northeast Plaza
Business Acquisition [Line Items]
Aggregate Purchase Price	$ 1,537
Arborland Center
Business Acquisition [Line Items]
GLA | ft²	403,536
Aggregate Purchase Price	$ 102,268

Acquisition of Real Estate (Pur

Acquisition of Real Estate (Purchase Price) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Above market leases
Liabilities
Amortization period	5 years
In-place lease amortization expense
Liabilities
Amortization period	6 years 7 months 6 days
Below market leases
Liabilities
Amortization period	16 years 10 months 24 days
Acquired Properties
Assets
Land	$ 16,130
Buildings	72,543
Building Improvements	8,352
Above market rents	2,381
In-place leases	8,259
Total assets	107,665
Liabilities
Below market leases	2,854
Other liabilities	0
Total liabilities	2,854
Net assets acquired	$ 104,811

Acquisition of Real Estate (Nar

Acquisition of Real Estate (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Other Nonoperating Income (Expense)
Real Estate Properties [Line Items]
Acquisition related expenses	$ 0.1	$ 0.3

Dispositions and Assets Held 39

Dispositions and Assets Held for Sale (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)land_parcelpropertyshopping_center	Mar. 31, 2017USD ($)propertyshopping_center
Schedule of Acquisitions and Dispositions [Line Items]
Gain on sale	$ 11,448	$ 8,805
Disposed of by Sale
Schedule of Acquisitions and Dispositions [Line Items]
Number of shopping centers sold | shopping_center	6	3
Number of outparcels sold | land_parcel	1
Proceeds from sale of property	$ 104,200	$ 34,100
Gain on sale	11,400	$ 8,800
Provisions of impairment	$ 200
Held-for-sale
Schedule of Acquisitions and Dispositions [Line Items]
Number of real estate properties | property	0	0

Real Estate (Details)

Real Estate (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Land	$ 1,962,364	$ 1,984,309
Building and tenant improvements	8,121,758	8,145,085
Lease intangibles	774,344	792,097
Real estate, gross	10,858,466	10,921,491
Accumulated depreciation and amortization	(2,405,579)	(2,361,070)
Real estate, net	8,452,887	8,560,421
Accrued capital expenditures and tenant improvements	20,300	22,800
Accumulated amortization	623,100	629,100
Intangible liabilities relating to below-market leases	455,800	463,300
Accumulated amortization on below-market leases	284,300	281,500
Below-market lease intangible amortization	6,800	7,800
Amortization of intangible assets	9,300	12,100
In-place lease amortization expense
Real Estate Owned, Disclosure of Detailed Components [Abstract]
In-place lease value	700,000	715,100
In-place lease amortization expense
2018 (remaining nine months)	24,663
2,019	26,802
2,020	19,840
2,021	14,295
2,022	10,811
Above market leases
Real Estate Owned, Disclosure of Detailed Components [Abstract]
Above market leases	74,400	$ 77,000
Below-market lease accretion (income), net of above-market lease amortization
Below-market lease accretion (income), net of above-market lease amortization
2018 (remaining nine months)	(17,909)
2,019	(20,384)
2,020	(16,624)
2,021	(13,782)
2,022	$ (11,539)

Impairments (Details)

Impairments (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)ft²	Mar. 31, 2017USD ($)ft²
Real Estate Properties [Line Items]
GLA | ft²	1,028,216	116,761
Impairment Charge | $	$ 15,902	$ 5,686
Crossroads Centre
Real Estate Properties [Line Items]
GLA | ft²	242,752
Impairment Charge | $	$ 204
Roundtree Place
Real Estate Properties [Line Items]
GLA | ft²	246,620
Impairment Charge | $	$ 3,772
Pensacola Square
Real Estate Properties [Line Items]
GLA | ft²	142,767
Impairment Charge | $	$ 1,345
Southland Shopping Plaza
Real Estate Properties [Line Items]
GLA | ft²	285,278
Impairment Charge | $	$ 6,942
Skyway Plaza
Real Estate Properties [Line Items]
GLA | ft²	110,799
Impairment Charge | $	$ 3,639
The Plaza at Salmon Run
Real Estate Properties [Line Items]
GLA | ft²		68,761
Impairment Charge | $		$ 3,486
Smith’s
Real Estate Properties [Line Items]
GLA | ft²		48,000
Impairment Charge | $		$ 2,200

Financial Instruments - Deriv42

Financial Instruments - Derivatives and Hedging (Notional Amount) (Details)	3 Months Ended
	Mar. 31, 2018USD ($)derivative_instrument	Dec. 31, 2017USD ($)derivative_instrument
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Amount expected to be reclassified from accumulated other comprehensive loss in the next twelve months	$ 12,100,000
Interest Rate Swap | Designated as Hedging Instrument
Derivative [Line Items]
Number of Instruments | derivative_instrument	9	9
Notional Amount	$ 1,400,000,000	$ 1,400,000,000

Financial Instruments - Deriv43

Financial Instruments - Derivatives and Hedging (Fair Value) (Details) - Interest Rate Swap - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Derivatives, Fair Value [Line Items]
Gross derivative assets	$ 29,193	$ 24,420
Gross derivative liabilities	0	0
Net derivative assets	$ 29,193	$ 24,420

Financial Instruments - Deriv44

Financial Instruments - Derivatives and Hedging (Cash Flow Hedging Relationship) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Change in unrealized gain on interest rate swaps	$ 7,234	$ 2,157
Amortization (accretion) of interest rate swaps to interest expense	(2,461)	462
Change in unrealized gain on interest rate swaps, net	$ 4,773	$ 2,619

Debt Obligations (Shedule of De

Debt Obligations (Shedule of Debt) (Details)	3 Months Ended
	Mar. 31, 2018USD ($)derivative_instrument	Dec. 31, 2017USD ($)derivative_instrument
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 5,651,312,000
Net unamortized premiums and discounts	884,000
Net unamortized debt issuance costs	(30,085,000)
Total debt obligations	5,622,111,000	$ 5,676,238,000
Collateral carrying value	$ 1,700,000,000
Interest Rate Swap | Designated as Hedging Instrument
Debt obligations under various arrangements with financial institutions
Number of Instruments | derivative_instrument	9	9
Notional Amount	$ 1,400,000,000	$ 1,400,000,000
Term Loan | Interest Rate Swap | Designated as Hedging Instrument
Debt obligations under various arrangements with financial institutions
Number of Instruments | derivative_instrument	1
Term Loan | Unsecured $600M Term Loan | 400.0 Million Interest Rate Swaps
Debt obligations under various arrangements with financial institutions
Stated spread rate	1.40%
Effective percentage	0.88%
Term Loan | Unsecured $600M Term Loan | 400.0 Million Interest Rate Swaps | Designated as Hedging Instrument
Debt obligations under various arrangements with financial institutions
Number of Instruments | derivative_instrument	3
Term Loan | Unsecured $600M Term Loan | 200.0 Million Interest Rate Swaps
Debt obligations under various arrangements with financial institutions
Stated spread rate	1.40%
Effective percentage	0.82%
Term Loan | Unsecured $600M Term Loan | 200.0 Million Interest Rate Swaps | Designated as Hedging Instrument
Debt obligations under various arrangements with financial institutions
Number of Instruments | derivative_instrument	2
Term Loan | Term Loan, Expires 07/31/2021 | Interest Rate Swap | Designated as Hedging Instrument
Debt obligations under various arrangements with financial institutions
Number of Instruments | derivative_instrument	3
Term Loan | Unsecured $300M Term Loan
Debt obligations under various arrangements with financial institutions
Stated spread rate	1.90%
Notional Amount	$ 165,000,000
Effective percentage	0.82%
Term Loan | Unsecured $300M Term Loan | Interest Rate Swap | Designated as Hedging Instrument
Debt obligations under various arrangements with financial institutions
Number of Instruments | derivative_instrument	1
Secured Debt
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 897,859,000	902,717,000
Net unamortized premiums and discounts	13,888,000	15,321,000
Net unamortized debt issuance costs	(82,000)	(93,000)
Long-term Debt	$ 911,665,000	917,945,000
Weighted average fixed interest rate	6.16%
Secured Debt | Minimum
Debt obligations under various arrangements with financial institutions
Stated percentage	4.40%
Secured Debt | Maximum
Debt obligations under various arrangements with financial institutions
Stated percentage	7.89%
Unsecured Debt
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 3,218,453,000	3,218,453,000
Net unamortized debt issuance costs	(21,678,000)	(22,476,000)
Net unamortized discount	(13,004,000)	(13,485,000)
Long-term Debt	$ 3,183,771,000	3,182,492,000
Weighted average fixed interest rate	3.81%
Unsecured Debt | Minimum
Debt obligations under various arrangements with financial institutions
Stated percentage	3.25%
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	$ 635,000,000	685,000,000
Stated percentage	3.0375%
Unsecured Debt | Term Loan
Debt obligations under various arrangements with financial institutions
Stated spread rate	1.35%
Term loan face amount	$ 135,000,000
Effective percentage	0.82%
Unsecured Debt | Term Loan | Unsecured $600M Term Loan
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 600,000,000	600,000,000
Stated percentage	3.0875%
Term loan face amount	$ 600,000,000
Unsecured Debt | Term Loan | Unsecured $600M Term Loan | 400.0 Million Interest Rate Swaps
Debt obligations under various arrangements with financial institutions
Notional Amount	400,000,000
Unsecured Debt | Term Loan | Unsecured $600M Term Loan | 200.0 Million Interest Rate Swaps
Debt obligations under various arrangements with financial institutions
Notional Amount	$ 200,000,000
Unsecured Debt | Term Loan | Term Loan, Expires 07/31/2021
Debt obligations under various arrangements with financial institutions
Stated spread rate	1.35%
Term loan face amount	$ 500,000,000
Effective percentage	1.11%
Unsecured Debt | Term Loan | Unsecured $300M Term Loan
Debt obligations under various arrangements with financial institutions
Long-term debt	$ 300,000,000	300,000,000
Stated percentage	3.56418%
Term loan face amount	$ 300,000,000
Unsecured Debt | Unsecured Credit Facility and Term Loan
Debt obligations under various arrangements with financial institutions
Net unamortized debt issuance costs	(8,325,000)	(9,199,000)
Long-term Debt	$ 1,526,675,000	$ 1,575,801,000

Debt Obligations (Maturities) (

Debt Obligations (Maturities) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Future expected/scheduled maturities of outstanding debt and capital lease
2018 (remaining nine months)	$ 148,260
2,019	618,679
2,020	672,695
2,021	686,225
2,022	500,000
Thereafter	3,025,453
Total debt maturities	5,651,312
Net unamortized premiums and discounts	884
Net unamortized debt issuance costs	(30,085)
Total debt obligations, net	$ 5,622,111	$ 5,676,238

Debt Obligations (Narrative) (D

Debt Obligations (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Debt Disclosure [Abstract]
Interest payable	$ 26,700		$ 35,900
Debt Instrument [Line Items]
Loss on extinguishment of debt	(132)	$ (1,262)
Term Loan | Secured Debt
Debt Instrument [Line Items]
Debt repaid	50,000
Secured Debt
Debt Instrument [Line Items]
Loss on extinguishment of debt	$ 100

Fair Value Disclosures (Debt Ob

Fair Value Disclosures (Debt Obligations) (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Estimated fair value of the Company's debt obligations compared to their carrying amounts
Mortgages and secured loans payable	$ 5,622,111	$ 5,676,238
Total debt obligations, net	5,622,111	5,676,238
Carrying Amount
Estimated fair value of the Company's debt obligations compared to their carrying amounts
Mortgages and secured loans payable	911,665	917,945
Notes payable	3,183,771	3,182,492
Unsecured credit facility and term loan	1,526,675	1,575,801
Total debt obligations, net	5,622,111	5,676,238
Fair Value
Estimated fair value of the Company's debt obligations compared to their carrying amounts
Mortgages and secured loans payable	946,503	963,702
Notes payable	3,154,654	3,224,877
Unsecured credit facility and term loan	1,536,230	1,586,206
Total debt obligations	$ 5,637,387	$ 5,774,785

Fair Value Disclosures (Measure

Fair Value Disclosures (Measurements) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of real estate assets	$ 15,902	$ 5,686
Terminal capitalization rates	9.30%
Discount rates	10.40%
Roundtree Place
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment	$ 11,300
Pensacola Square
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment	8,800
Southland Shopping Center, Middleburg Heights, OH
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment	4,500
Skyway Plaza
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment	2,900
The Manchester Collection
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment			$ 46,900
Fashion Square
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment			2,400
Crossroads Center
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment			14,300
The Plaza at Salmon Run
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment			7,800
Smith’s
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Real estate investment			$ 1,900
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Terminal capitalization rates			7.00%
Discount rates			7.90%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities, unrealized losses	(300)		$ (200)
Terminal capitalization rates			8.50%
Discount rates			9.50%
Fair Value, Measurements, Recurring | Marketable Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	27,063		$ 28,006
Fair Value, Measurements, Recurring | Interest Rate Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	29,193		24,420
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	1,216		725
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest Rate Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0		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	25,847		27,281
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Interest Rate Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	29,193		24,420
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 asset	0		0
Fair Value, Measurements, Nonrecurring | Properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	27,477		73,303
Impairment of real estate assets	15,698		17,195
Fair Value, Measurements, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0		0
Fair Value, Measurements, Nonrecurring | Significant Other Observable Inputs (Level 2) | Properties
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0		0
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	$ 27,477		$ 73,303

Equity and Capital (Details)

Equity and Capital (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 05, 2017
Schedule of Shareholders' Equity [Line Items]
Compensation cost	$ 0.1
Dividends, per common share	$ 0.275	$ 0.26
Parent Company | Operating Partnership
Schedule of Shareholders' Equity [Line Items]
Ownership percentage	100.00%
Accounts Payable and Accrued Liabilities
Schedule of Shareholders' Equity [Line Items]
Dividends payable	$ 84.9		$ 85.6
OP Units
Schedule of Shareholders' Equity [Line Items]
Conversion of stock, shares converted (in shares)		400,000
Common Stock
Schedule of Shareholders' Equity [Line Items]
Share repurchase program, number of shares authorized (in shares)	1,900,000
Share repurchase program, average cost per share	$ 15.47
Share repurchase program, value	$ 29.7
Stock repurchased during period, shares	1,922,000	100,000
Conversion of stock, shares converted (in shares)		403,000
Common Stock | RSUs
Schedule of Shareholders' Equity [Line Items]
Stock repurchased during period, shares	100,000
Common Stock | Maximum
Schedule of Shareholders' Equity [Line Items]
Share repurchase program, authorized amount				$ 400

Stock Based Compensation (Detai

Stock Based Compensation (Details) - USD ($) $ in Thousands, shares in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized			15
Grants in period	0.7	0.6
Expected dividend rate	5.60%
Equity based compensation	$ 2,484	$ 2,126
Compensation cost not yet recognized	$ 20,500
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	29.00%	22.00%
Risk free interest rate	2.43%	1.20%
Expected dividend rate		4.00%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service period	5 years
Expected volatility rate	32.00%	23.00%
Risk free interest rate	2.53%	1.41%
Expected dividend rate		4.60%

Earnings Per Share (Reconciliat

Earnings Per Share (Reconciliation) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Earnings Per Share, Basic [Abstract]
Net income	$ 61,022	$ 71,655
Net income attributable to non-controlling interests	0	(76)
Non-forfeitable dividends on unvested restricted shares	(56)	(10)
Net income attributable to the Company’s common stockholders for basic earnings per share	$ 60,966	$ 71,569
Weighted average number shares outstanding – basic (in shares)	304,158	304,569
Net income (usd per share)	$ 0.20	$ 0.23
Computation of Diluted Earnings Per Share:
Net income attributable to the Company’s common stockholders for diluted earnings per share	$ 60,966	$ 71,569
Equity awards (in shares)	120	226
Weighted average shares outstanding - diluted (in shares)	304,278	304,795
Net income (usd per share)	$ 0.20	$ 0.23

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Schedule of Earnings per Share [Line Items]
Weighted average number shares outstanding – basic (in shares)	304,158	304,569
OP Units
Schedule of Earnings per Share [Line Items]
Weighted average number shares outstanding – basic (in shares)		300

Earnings per Unit (Details)

Earnings per Unit (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Schedule of Earnings per Share [Line Items]
Net income	$ 61,022	$ 71,655
Non-forfeitable dividends on unvested restricted shares	(56)	(10)
Net income attributable to the Company’s common stockholders for basic earnings per share	$ 60,966	$ 71,569
Weighted average number shares outstanding – basic (in shares)	304,158	304,569
Net income (usd per share)	$ 0.20	$ 0.23
Net income attributable to the Company’s common stockholders for diluted earnings per share	$ 60,966	$ 71,569
Equity awards (in shares)	120	226
Weighted average shares outstanding - diluted (in shares)	304,278	304,795
Net income (usd per share)	$ 0.20	$ 0.23
Brixmor Operating Partnership LP
Schedule of Earnings per Share [Line Items]
Net income	$ 61,022	$ 71,655
Non-forfeitable dividends on unvested restricted shares	(56)	(10)
Net income attributable to the Company’s common stockholders for basic earnings per share	$ 60,966	$ 71,645
Weighted average number shares outstanding – basic (in shares)	304,158	304,888
Net income (usd per share)	$ 0.20	$ 0.23
Net income attributable to the Company’s common stockholders for diluted earnings per share	$ 60,966	$ 71,645
Equity awards (in shares)	120	226
Weighted average shares outstanding - diluted (in shares)	304,278	305,114
Net income (usd per share)	$ 0.20	$ 0.23

Commitments and Contingencies55

Commitments and Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Estimate of possible loss			$ 28,000
Litigation settlement, amount awarded to other party	$ 8,500
Loss Contingencies [Line Items]
Accrual	19,500
Rent expense	1,800	$ 1,900
Operating Leases, Future Minimum Payments Due, Rolling Maturity [Abstract]
2018 (remaining nine months)	5,446
2,019	7,225
2,020	7,244
2,021	7,453
2,022	7,521
Thereafter	72,621
Total minimum annual rental commitments	107,510
Accounts Payable and Accrued Liabilities
Loss Contingencies [Line Items]
Accrual	19,500
Accounts Receivable
Loss Contingencies [Line Items]
Receivable	$ 19,500