# Brixmor Property Group Inc. (BRX)

> Source: Nexqual · https://nexqual.com/BRX · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Brixmor Property Group Inc. (BRX), nexqual.com/BRX" · informational, not investment advice.

**Price:** USD 28.26 (+3.06% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 27.42 · day 27.45–28.33 · 52w 24.66–32.86 · market cap $8.67B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.40B, net income $433M (30.8% margin) (SEC filings).
- Valuation: P/E 20.0x (avg 23.0x at the last 3 fiscal year-ends), net debt $5.15B.
- 1 of 80 tracked superinvestors hold BRX (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $267K; 1 not under a Rule 10b5-1 plan ($267K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y +5.6% vs S&P 500 +14.9%; 5Y +49.3% vs S&P 500 +80.3%.
- Next earnings: 2026-10-26, EPS estimate USD 0.22, revenue estimate $356M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.15B | $1.22B | $1.25B | $1.29B | $1.37B | $1.40B |
| Net income | $270M | $354M | $305M | $339M | $386M | $433M |
| EPS (diluted) | $0.90 | $1.17 | $1.01 | $1.11 | $1.25 | — |
| Net margin | 23.4% | 29.1% | 24.5% | 26.4% | 28.2% | 30.8% |
| Revenue growth | +9.4% | +5.7% | +2.2% | +3.2% | +6.7% | — |
| Cash + short-term investments | $297M | $16.5M | $866K | $378M | $334M | — |
| Total debt | — | — | — | $5.34B | $5.49B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 20.0x · P/S 6.2x · EV/Sales 9.8x · P/B 2.9x · Earnings yield 4.99% · Net debt $5.15B · EV $13.8B
P/E at fiscal year-ends: Dec 2025 20.9x, Dec 2024 24.9x, Dec 2023 23.1x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold BRX. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Christopher Davis | Davis Advisors | 0.06% | $15.0M | Reduced -15.3% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-12 | Berman Michael B | Director | 9,000 | $267K | 22.7% | No | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Piper Sandler | Target lowered | Overweight | $40 → $36 |
| 2026-10-09 | UBS | Target lowered | Buy | $37 → $33 |
| 2026-09-24 | Mizuho | Target lowered | Outperform | $33 → $30 |
| 2026-09-21 | Evercore ISI Group | Target lowered | Outperform | $36 → $35 |
| 2026-08-03 | Citigroup | Target raised | Neutral | $31 → $34 |
| 2026-07-28 | Stifel | Target raised | Hold | $31 → $34 |
| 2026-07-28 | Evercore ISI Group | Target raised | Outperform | $35 → $36 |
| 2026-07-21 | Piper Sandler | Target raised | Overweight | $34 → $40 |
| 2026-07-09 | UBS | Target raised | Buy | $34 → $37 |
| 2026-07-07 | Evercore ISI Group | Target raised | Outperform | $34 → $35 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +5.6% | +49.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +5.6% | +8.3% |
| Volatility (annualized) | 17.8% | 23.8% |
| Max drawdown | -17.0% (Jul 2026→Oct 2026) | -28.9% (Jan 2022→Sep 2022) |

## Peers (REIT - Retail)
ADC (Agree Realty Corporation) USD 67.07 +4.00% · NNN (NNN REIT, Inc.) USD 42.13 +3.46% · FRT (Federal Realty Investment Trust) USD 108.88 +2.94% · MAC (Macerich Company (The)) USD 23.95 +3.10% · EPRT (Essential Properties Realty Tru) USD 26.26 +5.50% · PECO (Phillips Edison & Company, Inc.) USD 38.29 +2.74%

## More
Full page: https://nexqual.com/BRX · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Company outlook (8-K filed 2026-07-27)

- "FURTHER INCREASES 2026 OUTLOOK NEW YORK, JULY 27, 2026 - Brixmor Property Group Inc."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.22 | $0.25 | -12.5% | $355.8M | 4 |
| Next quarter (ends 2026-12-31) | $0.23 | $0.26 | -13.9% | $366.5M | 4 |
| Current fiscal year (ends 2026-12-31) | $1.01 | $1.13 | -10.0% | $1.43B | 4 |
| Next fiscal year (ends 2027-12-31) | $1.05 | $1.11 | -5.2% | $1.55B | 2 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-26): ±9.2%; last 8 reports averaged ±2.1%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 33.9% | ±9.2% |
| 2027-02-19 | 119 | 22.7% | ±11.9% |
| 2027-05-21 | 210 | 20.4% | ±14.9% |