Revenue
Total sales reported in the income statement.
$1.4B
6.7%
vs prior year
Operating margin
Operating income as a share of revenue.
—
Net income
Profit after all expenses, interest and tax.
$386M
13.8%
Free cash flow
Cash from operations minus capital spending.
—
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap
Last close times the latest diluted share count, so it is approximate.
$8.7B
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
20.1x
On $1.40 EPS (TTM)
What Brixmor Property Group does
No business description yet.
- Legal name
- Brixmor Property Group Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- —
- Accession · CIK
- 0001581068-26-000007
0001581068
Revenue and margins
Brixmor Property Group had $1.4B of revenue in fiscal 2025, up 6.7% on the year before.
FY16
Revenue —
FY17
Revenue $1.3B
FY18
Revenue $1.2B
FY19
Revenue $1.2B
FY20
Revenue $1.1B
FY21
Revenue $1.2B
FY22
Revenue $1.2B
FY23
Revenue $1.2B
FY24
Revenue $1.3B
FY25
Revenue $1.4B
Q3 '23
Revenue $307M
Q4 '23
Revenue $317M
Q1 '24
Revenue $320M
Q2 '24
Revenue $316M
Q3 '24
Revenue $321M
Q4 '24
Revenue $328M
Q1 '25
Revenue $338M
Q2 '25
Revenue $340M
Q3 '25
Revenue $341M
Q4 '25
Revenue $354M
Q1 '26
Revenue $355M
Q2 '26
Revenue $354M
FY16
Gross —
Operating —
Net —
FCF —
FY17
Gross —
Operating —
Net 23.4%
FCF —
FY18
Gross —
Operating —
Net 29.7%
FCF —
FY19
Gross —
Operating —
Net 23.5%
FCF —
FY20
Gross —
Operating —
Net 11.5%
FCF —
FY21
Gross —
Operating —
Net 23.5%
FCF —
FY22
Gross —
Operating —
Net 29.1%
FCF —
FY23
Gross —
Operating —
Net 24.5%
FCF —
FY24
Gross —
Operating —
Net 26.4%
FCF —
FY25
Gross —
Operating —
Net 28.2%
FCF —
Gross
Operating
Net
FCF
Q3 '23
Gross —
Operating —
Net 20.7%
FCF —
Q4 '23
Gross —
Operating —
Net 23.0%
FCF —
Q1 '24
Gross —
Operating —
Net 27.8%
FCF —
Q2 '24
Gross —
Operating —
Net 22.2%
FCF —
Q3 '24
Gross —
Operating —
Net 30.2%
FCF —
Q4 '24
Gross —
Operating —
Net 25.4%
FCF —
Q1 '25
Gross —
Operating —
Net 20.7%
FCF —
Q2 '25
Gross —
Operating —
Net 25.1%
FCF —
Q3 '25
Gross —
Operating —
Net 27.7%
FCF —
Q4 '25
Gross —
Operating —
Net 38.8%
FCF —
Q1 '26
Gross —
Operating —
Net 36.0%
FCF —
Q2 '26
Gross —
Operating —
Net 20.8%
FCF —
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 3.6% a year. Loss periods are shown in red.
FY16
Net income $278M
FY17
Net income $300M
FY18
Net income $366M
FY19
Net income $275M
FY20
Net income $121M
FY21
Net income $270M
FY22
Net income $354M
FY23
Net income $305M
FY24
Net income $339M
FY25
Net income $386M
Q3 '23
Net income $63.7M
Q4 '23
Net income $72.7M
Q1 '24
Net income $88.9M
Q2 '24
Net income $70.1M
Q3 '24
Net income $96.8M
Q4 '24
Net income $83.4M
Q1 '25
Net income $69.7M
Q2 '25
Net income $85.1M
Q3 '25
Net income $94.2M
Q4 '25
Net income $137M
Q1 '26
Net income $128M
Q2 '26
Net income $73.5M
FY16
Diluted EPS $0.91
FY17
Diluted EPS $0.98
FY18
Diluted EPS $1.21
FY19
Diluted EPS $0.92
FY20
Diluted EPS $0.41
FY21
Diluted EPS $0.90
FY22
Diluted EPS $1.17
FY23
Diluted EPS $1.01
FY24
Diluted EPS $1.11
FY25
Diluted EPS $1.25
Q3 '23
Diluted EPS $0.21
Q4 '23
Diluted EPS $0.24
Q1 '24
Diluted EPS $0.29
Q2 '24
Diluted EPS $0.23
Q3 '24
Diluted EPS $0.32
Q4 '24
Diluted EPS $0.27
Q1 '25
Diluted EPS $0.23
Q2 '25
Diluted EPS $0.28
Q3 '25
Diluted EPS $0.31
Q4 '25
Diluted EPS $0.44
Q1 '26
Diluted EPS $0.41
Q2 '26
Diluted EPS $0.24
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital —
Return on equity 9.6%
Return on assets 3.0%
FY17
Return on capital —
Return on equity 10.3%
Return on assets 3.3%
FY18
Return on capital —
Return on equity 12.8%
Return on assets 4.2%
FY19
Return on capital —
Return on equity 9.9%
Return on assets 3.4%
FY20
Return on capital —
Return on equity 4.5%
Return on assets 1.5%
FY21
Return on capital —
Return on equity 10.0%
Return on assets 3.2%
FY22
Return on capital —
Return on equity 12.7%
Return on assets 4.2%
FY23
Return on capital —
Return on equity 10.7%
Return on assets 3.6%
FY24
Return on capital —
Return on equity 11.6%
Return on assets 3.9%
FY25
Return on capital —
Return on equity 12.9%
Return on assets 4.3%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was — in fiscal 2025, — of revenue. Cash from operations minus capital spending.
FY16
Free cash flow —
FY17
Free cash flow —
FY18
Free cash flow —
FY19
Free cash flow —
FY20
Free cash flow —
FY21
Free cash flow —
FY22
Free cash flow —
FY23
Free cash flow —
FY24
Free cash flow —
FY25
Free cash flow —
FY16
Cash from operations $568M
Capital spending —
FY17
Cash from operations $552M
Capital spending —
FY18
Cash from operations $542M
Capital spending —
FY19
Cash from operations $529M
Capital spending —
FY20
Cash from operations $443M
Capital spending —
FY21
Cash from operations $552M
Capital spending —
FY22
Cash from operations $566M
Capital spending —
FY23
Cash from operations $589M
Capital spending —
FY24
Cash from operations $625M
Capital spending —
FY25
Cash from operations $652M
Capital spending —
Cash from operations
Capital spending
Q3 '23
Cash from operations $159M
Capital spending —
Q4 '23
Cash from operations $135M
Capital spending —
Q1 '24
Cash from operations $129M
Capital spending —
Q2 '24
Cash from operations $184M
Capital spending —
Q3 '24
Cash from operations $158M
Capital spending —
Q4 '24
Cash from operations $155M
Capital spending —
Q1 '25
Cash from operations $130M
Capital spending —
Q2 '25
Cash from operations $182M
Capital spending —
Q3 '25
Cash from operations $168M
Capital spending —
Q4 '25
Cash from operations $172M
Capital spending —
Q1 '26
Cash from operations $141M
Capital spending —
Q2 '26
Cash from operations $204M
Capital spending —
Cash from operations
Capital spending
Dividends, buybacks and share count
Brixmor Property Group returned $0.0M to shareholders in fiscal 2025. The diluted share count rose 1.3%.
FY16
Dividends $0.0M
Buybacks $0.0M
FY17
Dividends $0.0M
Buybacks $5.9M
FY18
Dividends $0.0M
Buybacks $105M
FY19
Dividends $0.0M
Buybacks $14.6M
FY20
Dividends $0.0M
Buybacks $25.0M
FY21
Dividends $0.0M
Buybacks $0.0M
FY22
Dividends $0.0M
Buybacks $0.0M
FY23
Dividends $0.0M
Buybacks $0.0M
FY24
Dividends $0.0M
Buybacks $0.0M
FY25
Dividends $0.0M
Buybacks $0.0M
Dividends
Buybacks
Q3 '23
Dividends $0.0M
Buybacks $0.0M
Q4 '23
Dividends $0.0M
Buybacks $0.0M
Q1 '24
Dividends $0.0M
Buybacks $0.0M
Q2 '24
Dividends $0.0M
Buybacks $0.0M
Q3 '24
Dividends $0.0M
Buybacks $0.0M
Q4 '24
Dividends $0.0M
Buybacks $0.0M
Q1 '25
Dividends $0.0M
Buybacks $0.0M
Q2 '25
Dividends $0.0M
Buybacks $0.0M
Q3 '25
Dividends $0.0M
Buybacks $0.0M
Q4 '25
Dividends $0.0M
Buybacks $0.0M
Q1 '26
Dividends $0.0M
Buybacks $0.0M
Q2 '26
Dividends $0.0M
Buybacks $0.0M
Dividends
Buybacks
FY16
Diluted shares 0.31B
FY17
Diluted shares 0.31B
FY18
Diluted shares 0.30B
FY19
Diluted shares 0.30B
FY20
Diluted shares 0.30B
FY21
Diluted shares 0.30B
FY22
Diluted shares 0.30B
FY23
Diluted shares 0.30B
FY24
Diluted shares 0.30B
FY25
Diluted shares 0.31B
Value Brixmor Property Group yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.
Discounted cash flow
Value per share
—
Adds net cash of −$5.2B and divides by 307.9M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Earnings multiple
Value per share
—
Reference multiples: today 20.1x · peers 22.8x · sector 28.2x.
Balance sheet
Cash, debt and the ratios that show how comfortably Brixmor Property Group can carry it.
FY16
Cash $51.4M
Debt —
FY17
Cash $56.9M
Debt —
FY18
Cash $41.7M
Debt —
FY19
Cash $19.1M
Debt —
FY20
Cash $369M
Debt —
FY21
Cash $297M
Debt —
FY22
Cash $16.5M
Debt —
FY23
Cash $0.9M
Debt —
FY24
Cash $378M
Debt $5.3B
FY25
Cash $334M
Debt $5.5B
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $297M | $16.5M | $0.9M | $378M | $334M |
| Debt incl. finance leases | — | — | — | $5.3B | $5.5B |
| Debt / equity | — | — | — | 1.8x | 1.8x |
| Total assets | $8.4B | $8.4B | $8.3B | $8.9B | $9.1B |
| Total liabilities | $5.7B | $5.6B | $5.5B | $5.9B | $6.1B |
| Shareholders' equity | $2.7B | $2.9B | $2.9B | $3.0B | $3.0B |
| Net debt (− = net cash) | — | — | — | $5.0B | $5.2B |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.5M
2 insiders
Of sales under plans
0%
$0.0M
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ |
| Return on assets rose | ✕ | ✓ | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | — | ✓ |
| Current ratio rose | — | — | — |
| Share count didn't rise | ✕ | ✕ | ✕ |
| Gross margin rose | — | — | — |
| Revenue rose relative to assets | ✓ | ✓ | ✕ |
| F-score | — / 9 | — / 9 | — / 9 |
| Accruals ratio | −3.4% | −3.3% | −3.0% |
| Altman Z'' | — | — | — |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Brixmor Property Group BRX | $8.7B | 6.7% | — | — | — | 20.1x | — | |
| Federal Realty Investment Trust FRT | $9.4B | 6.4% | 47.1% | — | 6.0% | 18.9x | — | Compare → |
| Regency Centers REG | — | 6.9% | 72.3% | 25.3% | 7.7% | 25.4x | — | Compare → |
| NNN Reit NNN | $7.8B | 6.6% | 63.6% | — | — | 20.2x | — | Compare → |
| Kimco Realty KIM | $15.9B | 5.1% | 36.0% | — | 4.3% | 27.5x | — | Compare → |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | — | $1.3B | $1.2B | $1.2B | $1.1B | $1.2B | $1.2B | $1.2B | $1.3B | $1.4B |
| Interest expense | $227M | $227M | $215M | $190M | $200M | $195M | $192M | $191M | $216M | $225M |
| Pretax income | $278M | $295M | $366M | $275M | — | — | — | — | — | — |
| Net income | $278M | $300M | $366M | $275M | $121M | $270M | $354M | $305M | $339M | $386M |
| Diluted EPS | $0.91 | $0.98 | $1.21 | $0.92 | $0.41 | $0.90 | $1.17 | $1.01 | $1.11 | $1.25 |
| Diluted shares | 0.31B | 0.31B | 0.30B | 0.30B | 0.30B | 0.30B | 0.30B | 0.30B | 0.30B | 0.31B |
| Cash flow | ||||||||||
| Cash from operations | $568M | $552M | $542M | $529M | $443M | $552M | $566M | $589M | $625M | $652M |
| Depreciation and amortization | $387M | $375M | $352M | $332M | $336M | $327M | $345M | $362M | $381M | $415M |
| Stock-based compensation | $11.6M | $10.5M | $9.4M | $12.7M | $11.0M | $17.1M | $23.4M | $20.8M | $17.9M | $17.6M |
| Acquisitions | $46.8M | $191M | $17.4M | $79.6M | $3.4M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $5.9M | $105M | $14.6M | $25.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Dividends and buybacks | $0.0M | $5.9M | $105M | $14.6M | $25.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $51.4M | $56.9M | $41.7M | $19.1M | $369M | $297M | $16.5M | $0.9M | $378M | $334M |
| Total debt | — | — | — | — | — | — | — | — | $5.3B | $5.5B |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Inventory | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Total assets | $9.3B | $9.2B | $8.2B | $8.1B | $8.3B | $8.4B | $8.4B | $8.3B | $8.9B | $9.1B |
| Total liabilities | $6.4B | $6.2B | $5.4B | $5.4B | $5.7B | $5.7B | $5.6B | $5.5B | $5.9B | $6.1B |
| Shareholders' equity | $2.9B | $2.9B | $2.8B | $2.7B | $2.7B | $2.7B | $2.9B | $2.9B | $3.0B | $3.0B |
| Margins | ||||||||||
| EBITDA margin | — | 69.9% | 75.6% | 68.2% | — | — | — | — | — | — |
| Net margin | — | 23.4% | 29.7% | 23.5% | 11.5% | 23.5% | 29.1% | 24.5% | 26.4% | 28.2% |
| Returns | ||||||||||
| Return on equity | 9.6% | 10.3% | 12.8% | 9.9% | 4.5% | 10.0% | 12.7% | 10.7% | 11.6% | 12.9% |
| Return on assets | 3.0% | 3.3% | 4.2% | 3.4% | 1.5% | 3.2% | 4.2% | 3.6% | 3.9% | 4.3% |
| Growth | ||||||||||
| Revenue growth | — | — | −3.8% | −5.4% | −9.8% | 9.4% | 5.7% | 2.2% | 3.2% | 6.7% |
| Net income growth | 40.8% | 8.0% | 21.9% | −25.0% | −55.9% | 123.0% | 31.1% | −13.9% | 11.2% | 13.8% |
| EPS growth | 40.0% | 7.7% | 23.5% | −24.0% | −55.4% | 119.5% | 30.0% | −13.7% | 9.9% | 12.6% |
| Share count change | 0.0% | 0.1% | −1.0% | −1.0% | −0.5% | 0.3% | 1.0% | 0.2% | 0.6% | 1.3% |
| Financial health | ||||||||||
| Debt / equity | — | — | — | — | — | — | — | — | 1.8x | 1.8x |
| Interest coverage | 2.2x | 2.3x | 2.7x | 2.5x | — | — | — | — | — | — |
| Capital allocation | ||||||||||
| Stock comp / revenue | — | 0.8% | 0.8% | 1.1% | 1.0% | 1.5% | 1.9% | 1.7% | 1.4% | 1.3% |
| Quality scores | ||||||||||
| Accruals ratio | −3.1% | −2.7% | −2.0% | −3.1% | −3.9% | −3.4% | −2.5% | −3.4% | −3.3% | −3.0% |
Source: SEC EDGAR XBRL filings (CIK 0001581068). Data updated October 17, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.