Brixmor reports Q2 NAREIT FFO 52c, consensus 50c

Reports Q2 revenue $309.79M, consensus $306.79M. Reported Q3 increase in same property NOI of 2.7%, including a contribution from base rent of 520 basis points. “I’m very pleased with how the Brixmor team continues to deliver under our value add strategy,” commented James Taylor, CEO and President. “Our team’s superior execution and continued momentum is reflected across all of our metrics, from leasing spreads, to occupancy, to rate, to NOI growth to bottom line FFO. As we look forward, that same execution also provides superior visibility on our continued outperformance.”