Brixmor Property Group (BRX) Reports Q1 FFO of $0.46

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Go back to Brixmor Property Group (BRX) Reports Q1 FFO of $0.46

Brixmor Property Group Reports First Quarter 2020 Results

May 7, 2020 4:06 PM EDT

NEW YORK, May 7, 2020 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today its operating results for the three months ended March 31, 2020.  For the three months ended March 31, 2020 and 2019, net income was $0.20 per diluted share and $0.21 per diluted share, respectively.

Key highlights for the three months ended March 31, 2020 include:

Executed 1.4 million square feet of new and renewal leases, with rent spreads on comparable space of 10.2%, including 0.6 million square feet of new leases, with rent spreads on comparable space of 23.7% Realized total leased... More