BRX Earnings Prediction
The chart below shows how BRX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BRX sees a -2.19% change in stock price 10 days leading up to the earnings, and a +1.38% change 10 days following the report. On the earnings day itself, the stock moves by +0.03%. This data can give you a slight idea of what to expect for the next quarter's release.
BRX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
328.44M
3.78%
2.42%
Gross Margin
73.83%
-0.03%
-1.90%
Operating Margin
33.87%
-5.94%
-6.57%
Net Margin
25.39%
10.54%
-15.93%
EPS
0.27
12.50%
-15.62%
No Data Available
BRX Earnings Analysis
Brixmor Property Group Inc Corporation (BRX.N) Earnings Conference Call
Positive
Financial Performance Improvement: Strong growth in both NOI and bottom line FFO of 5% for the year, indicating robust financial performance.
Strong Tenant Demand: Executed over $118 million of new and renewal lease ABR during the year, including $32 million in the fourth quarter, showcasing strong tenant demand.
Record Rental Value Achievement: Achieved a record 81% of average rental value derived from grocery-anchored centers, with average productivity exceeding $700 per square foot.
Effective Capital Allocation: Delivered $205 million of reinvestment at an average incremental return of 9% during the year, demonstrating effective capital allocation.
FFO Per Share Growth: NAREIT FFO per share increased to $2.13 for the year, reflecting a nearly 5% growth when adjusted for prior year gains.
Negative
NOI Growth Guidance Challenges: Same property NOI growth guidance for 2025 includes a 200 basis point drag at the midpoint due to tenant disruption, with 100 basis points related to rejected leases and another 100 basis points capturing potential outcomes from additional lease rejections.
Bankruptcy Impact on Occupancy: Bankruptcy activity impacted overall occupancy by 70 basis points in the fourth quarter, contributing to a total annual impact of 60 basis points from bankruptcies, primarily from tenants like Big Lots and Lumber Liquidators.
Uncollectible Revenue Challenges: Revenue deemed uncollectible is expected to be 75 to 110 basis points of total revenues, aligning with historical run rates, indicating ongoing challenges in revenue collection.
Redevelopment Pipeline Concerns: The redevelopment pipeline has seen a 20% reduction in size, raising concerns about future growth potential and the ability to capitalize on market opportunities.
Acquisition Yield Trends: Acquisitions in the fourth quarter were made at initial yields of 6% to 7%, suggesting a potential decline in returns compared to previous periods, which may impact overall financial performance.
BRX FAQs
How does BRX typically perform around its earnings report dates?
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BRX Earning Call Sentiment
Earnings call transcript: Brixmor Property Q4 2024 beats EPS forecast, stock rises
BRX.N
3.93%Positive
The earnings call summary shows strong financial performance with increased NOI growth, raised FFO guidance, and a dividend increase. Despite concerns about construction costs and occupancy losses due to bankruptcies, management remains optimistic about growth acceleration and efficiency improvements. The Q&A section reveals some uncertainty, but overall sentiment remains positive due to strategic acquisitions and a robust liquidity position. The positive factors outweigh the negatives, suggesting a potential stock price increase over the next two weeks.
