Brixmor Property Group (NYSE: BRX) reported Q4 FFO of $0.33, versus $0.47 reported last year. Revenue for the quarter came in at $269.4 million versus the consensus estimate of $269.81 million.
GUIDANCE
- The Company expects 2021 NAREIT FFO per diluted share of $1.56 – 1.70 and same property NOI growth of (1.0) – 3.0%.
- Expectations for 2021 NAREIT FFO:
- Do reflect prospective 2021 transaction activity
- Do not contemplate any tenants moving to or from a cash basis of accounting, either of which may result in significant volatility in straight-line rental income
- Do not include any items that impact FFO comparability, including loss on debt extinguishment, litigation and other non-routine legal expenses, and transaction expenses, or any one-time items
- The following table provides a reconciliation of the range of the Company's 2021 estimated net income attributable to common stockholders to NAREIT FFO:
(Unaudited, dollars in millions, except per share amounts) | | 2021E | | 2021E Per Diluted Share |
Net income attributable to common stockholders | | $148 - $190 | | $0.50 - $0.64 |
Depreciation and amortization | | 316 | | 1.06 |
NAREIT FFO | | $464 - $506 | | $1.56 - $1.70 |
For earnings history and earnings-related data on Brixmor Property Group (BRX) click here.
