Brixmor reports Q1 NAREIT FFO 56c, consensus 51c

Reports Q1 revenue $320.24M, consensus $314.47M. Reports an increase in same property NOI of 5.9%. “Our team delivered another quarter of strong operating results to start the year, achieving record occupancy and retention rate, while capitalizing on the continued demand from a wide range of traffic generating tenants to be in our well located centers,” commented Brian Finnegan, Interim CEO and President. “The momentum in the business is also evident in our improved outlook for 2024 and reflects the ongoing transformation of our centers as we continue to position this portfolio for long term sustainable growth.”