Although the revenue and EPS for Brixmor (BRX) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Brixmor Property (BRX) came out with quarterly funds from operations (FFO) of $0.53 per share, missing the Zacks Consensus Estimate of $0.54 per share. This compares to FFO of $0.51 per share a year ago.
The artificial intelligence rally led by the so-called Magnificent 7 over the past two years has been remarkable if you owned those stocks.
The artificial intelligence-driven technology rally led by the so-called Magnificent 7 over the past two years has been remarkable if you own those stocks.
Amid limited supply and a focus on omnichannel retailing, adaptability and essential retail tenants, the Zacks REIT and Equity Trust - Retail stocks REG, BRX and SKT are gaining attention for their potential to thrive in current market conditions.
Real estate activity is rebounding as macroeconomic uncertainties clear, with significant leasing volume in data centers and retail sectors, leading to future revenue visibility. SNO leases in data centers and retail REITs provide excellent visibility into future annual base rent, impacting future FFO growth as leases commence in 2025-2026. Retail REITs like CTO and Brixmor benefit from high-margin SNO leases filling vacant spaces, translating to substantial AFFO growth, unlike lower-margin data center leases.
Brixmor Property Group has delivered over 37% total returns since November 2023, with a current forward yield of 4.16% and a low P/FFO multiple of 12.92x. Looking at BRX stock, I can see a compelling entry point in terms of the valuations relative to other peers such as REG, KIM and FRT. However, diving deeper a bit more, I will also identify some reasons why the discount could be justified.
Brixmor Property Group Inc. (NYSE:BRX ) Q3 2024 Earnings Conference Call October 29, 2024 10:00 AM ET Company Participants Samantha Strong - VP, IR Jim Taylor - CEO Brian Finnegan - President and COO Steve Gallagher - EVP and CFO Mark Horgan - EVP and CIO Conference Call Participants Juan Sanabria - BMO Capital Markets Viktor Fediv - Scotiabank Todd Thomas - KeyBanc Capital Markets Jeff Spector - Bank of America Floris van Dijkum - Compass Point Ki Bin Kim - Truist Securities Craig Mailman - Citi Alexander Goldfarb - Piper Sandler Samir Khanal - Evercore ISI Dori Kesten - Wells Fargo Haendel St. Juste - Mizuho Securities Caitlin Burrows - Goldman Sachs Mike Mueller - JPMorgan Paulina Rojas - Green Street Conor Peaks - Deutsche Bank Operator Ladies and gentlemen good morning, and welcome to the Brixmor Property Group Inc. Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
While the top- and bottom-line numbers for Brixmor (BRX) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Brixmor Property (BRX) came out with quarterly funds from operations (FFO) of $0.52 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to FFO of $0.50 per share a year ago.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Brixmor Property (BRX) have what it takes?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Brixmor Property (BRX) have what it takes?