REIT boardRanked among REITs, not on the main board. A REIT's earnings are dominated by depreciation on assets that typically appreciate, so net margin and return on assets understate it against an operating company.
AI-extracted from the 10-Q filed 2026-10-26 — Q3 FY2026 (quarter ended September 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Brixmor's Q3 2026 total revenue rose to $359.6M (+5.5% YoY), driven by rental income growth from same-property base rent increases and expense reimbursements, with net income attributable to the Company of $87.8M.
Biggest Revenue Drivers
Rental income$358.5M+5.3% YoY
Increase of $16.4M for assets owned for the full period and $1.5M from net transaction activity; base rent increases driven by contractual escalations and positive rent spreads.
Biggest Revenue Drivers
Total revenue: $359.6M+5.5% YoY
Rental income$358.5M+5.3% YoY
Increase of $16.4M for assets owned for the full period and $1.5M from net transaction activity; base rent increases driven by contractual escalations and positive rent spreads.
Largest Expense Items
Depreciation and amortization$106.4M+3.1% YoY
$5.0M increase from net transaction activity partially offset by a $1.8M decrease for assets owned for the full period due to lower accelerated amortization from tenant move-outs.
Interest expense$59.2M+4.4% YoY
Primarily due to a higher weighted average interest rate and weighted average debt obligations.
Real estate taxes$46.3M+1.8% YoY
$1.3M increase for assets owned for the full period due to changes in property assessments, partially offset by $0.5M decrease from net transaction activity.
Operating costs$40.9M+5.2% YoY
$1.7M increase for assets owned for the full period, primarily repairs and maintenance, plus $0.3M from net transaction activity.
Margins: The filing does not present gross or operating margin directly. Same property NOI rose to $249.8M from $234.5M, with same-property NOI growth attributed to base rent increases, positive rent spreads and higher occupancy.
Watch Items from the Filing
Pending Slate Grocery REIT transaction: Brixmor's portion is $636M, with an expected ~$112M cash contribution and ~$174M preferred equity investment in the Everview JV; a $988.0M senior unsecured term loan commitment supports closing expected Q1 2027.
Leased occupancy improved to 95.6% and billed occupancy to 91.4% as of September 30, 2026, versus 94.1% and 90.2% a year earlier.
Interest expense rose to $59.2M in the quarter, and the company has $400.0M of unsecured notes maturing in 2027 plus $6.8M due in 2026.
Gain on sale of real estate fell to $8.9M from $40.0M a year earlier, reflecting fewer dispositions in the quarter (two centers versus seven).
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Siegel Steven FReporting ownerGrant or award · Feb 4, 2026
Gallagher Steven TReporting ownerGrant or award · Feb 4, 2026
Horgan MarkEVP, Chief Investment OfficerGrant or award · Feb 4, 2026
Finnegan Brian TReporting ownerGrant or award · Feb 4, 2026
Brydzinski KevinReporting ownerGrant or award · Feb 4, 2026
About Brixmor Property Group Inc. (BRX): stock profile, AI score and financials
Brixmor Property Group Inc. (BRX) stock profile, AI quality score, and SEC EDGAR financial data, a Real Estate sector company. 13F Pro's AI-powered ranking engine scores BRX at 66.0/100 on a composite quality score built from its SEC filings, placing it at rank #28 of 148 stocks — the top 25% of the AI-ranked universe. Based on the latest XBRL financial filings (Q3 2026), Brixmor Property Group Inc. reports quarterly revenue of $359.6M, net income of $87.8M. Top institutional holders of BRX by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. BRX trades on the NYSE exchange and files with the SEC under CIK 1581068. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BRX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Brixmor Property Group Inc. directly from SEC EDGAR.