Mon, Apr 28, 8:07 PM (13 days ago)
**Brixmor Property Group Inc. (BRX) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** Total revenue increased by $17.3 million to $337.5 million, driven by a $17.8 million rise in rental income. - **Profit Margins:** Net income decreased by $19.2 million to $69.7 million, primarily due to higher interest expenses and lower gains on real estate sales. - **Cash Flow:** Operating cash flow increased by $1.6 million to $130.1 million, while investing activities used $63.5 million, mainly due to property acquisitions and improvements. **Key Metrics:** - **Earnings:** Basic and diluted EPS both decreased to $0.23 from $0.29. - **Debt:** Total debt obligations decreased by $235.6 million to $5.1 billion, with scheduled maturities of $5.1 billion over the next several years. - **Liquidity:** Available liquidity is $1.36 billion, including $1.25 billion under the revolving credit facility and $107.4 million in cash. **Operational Trends:** - **Leasing:** Billed and leased occupancy slightly decreased to 90.0% and 94.1%, respectively. New leases showed a positive rent spread of 47.5%. - **Acquisitions & Dispositions:** Acquired one land parcel for $3.1 million and disposed of four properties for $21.6 million, resulting in a $3.1 million gain. **Uncertainties & Future Operations:** - **Economic Factors:** Inflation, interest rates, and global events may impact rental income and operating expenses. - **Market Conditions:** Local real estate markets, competition, and retail sector trends could affect occupancy and rental rates. - **Capital Strategy:** Plans to maintain financial flexibility, pursue value-enhancing reinvestments, and consider acquisitions and dispositions. **Subsequent Events:** - **Credit Facility:** Extended the revolving credit facility to April 2029 and the term loan to April 2030, with reduced interest rates. **Ticker:** BRX