Brixmor Property Group Reports $1.37 Billion Revenue and 13.8% Net Income Increase for Fiscal Year 2025

Brixmor Property Group Inc. reported a total revenue of $1.37 billion for the fiscal year ending December 31, 2025, marking an increase of approximately 6.7% from $1.29 billion in 2024. The growth in revenue was primarily driven by a $60.2 million increase in rental income from properties owned for the full year, alongside a $25.8 million contribution from net transaction activity. The company's net income attributable to shareholders rose to $386.2 million, compared to $339.3 million in the previous year, reflecting a 13.8% increase in profitability.

The company’s operational metrics showed slight fluctuations, with total billed occupancy at 91.6% and leased occupancy at 95.1% as of December 31, 2025, compared to 91.4% and 95.2%, respectively, in 2024. Brixmor executed 1,453 leases totaling approximately 9.5 million square feet during the year, which included 512 new leases that contributed to a new rent spread of 38.7%. The company also reported a blended rent spread of 21.7% for new and renewal leases, indicating a strong demand for its retail spaces.

Strategically, Brixmor continued to enhance its portfolio through acquisitions and dispositions. In 2025, the company acquired assets totaling $420.6 million, including three shopping centers and two land parcels, while generating $289.2 million from the sale of 18 shopping centers and other properties. This activity reflects Brixmor's ongoing strategy to optimize its asset base and focus on high-potential retail submarkets. The company also maintained a flexible capital structure, with $1.61 billion in available liquidity, including $1.25 billion under its revolving credit facility.

Looking ahead, Brixmor's management expressed confidence in the company's growth trajectory, citing a robust pipeline of value-enhancing reinvestment projects with an expected yield of 10%. The company has identified 33 projects in progress, with an anticipated cost of $336.4 million. Brixmor aims to leverage its competitive advantages, including strong relationships with major retailers and a fully integrated operating platform, to drive future growth and maximize returns for shareholders. The company remains committed to maintaining its REIT status and distributing at least 90% of its taxable income to shareholders, ensuring continued alignment with its long-term financial objectives.