Brixmor sees FY24 NAREIT FFO $2.06-$2.10, consensus $2.08

Expectations for 2024 same property NOI growth include a: Contribution from base rent of 350-400 basis points; detraction from revenues deemed uncollectible of (100)-(50) basis points, equates to 110 – 75 basis points of total expected revenues in 2024. Expectations for 2024 Nareit FFO do not contemplate any additional tenants moving to or from a cash basis of accounting, either of which may result in significant volatility in straight-line rental income; and do not include any items that impact FFO comparability, which include transaction expenses, net, litigation and other non-routine legal expenses, and gain or loss on extinguishment of debt, net, or any other one-time items.