Brixmor Q2 2021 Earnings Report
Key Takeaways
Brixmor Property Group reported strong second-quarter 2021 results, highlighted by a record new lease ABR of $19.48 per square foot, increased total leased occupancy to 91.1%, and a 13.9% increase in same-property NOI. The company also updated its full-year NAREIT FFO per diluted share guidance to $1.70 - $1.76 and same-property NOI growth expectations to 4.5% - 6.0%.
Achieved record new lease ABR of $19.48 per square foot.
Increased total leased occupancy to 91.1%, with anchor occupancy at 94.0% and small shop occupancy at 84.8%.
Reported a 13.9% increase in same property NOI.
Updated 2021 NAREIT FFO per diluted share guidance to $1.70 - $1.76 and same property NOI growth expectations to 4.5% - 6.0%.
Brixmor
Brixmor
Forward Guidance
The Company has updated its previously provided NAREIT FFO per diluted share expectations for 2021 to $1.70 - $1.76 from $1.60 - $1.70 and same property NOI growth expectations for 2021 to 4.5% - 6.0% from 1.0% - 3.0%.