Loading...
•
Mar 31, 2021
Brixmor Q1 2021 Earnings Report
Brixmor's operating results were announced for the three months ended March 31, 2021.
Key Takeaways
Brixmor Property Group reported first quarter 2021 results, showing continued improvement in rent collections, significant leasing productivity, and a decrease in same property NOI of 1.5%.
94.2% of billed based rent collected for the three months ended March 31, 2021.
Executed 1.4 million square feet of new and renewal leases, with rent spreads on comparable space of 7.0%.
Total leased occupancy of 90.8%, anchor leased occupancy of 93.8% and small shop leased occupancy of 84.2%.
Stabilized $28.4 million of reinvestment projects at an average incremental NOI yield of 11%.
Forward Guidance
The Company has updated its previously provided NAREIT FFO per diluted share expectations for 2021 to $1.60 – 1.70 from $1.56 – 1.70 and its same property NOI growth expectations for 2021 to 1.0 – 3.0% from (1.0) – 3.0%.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...