Brixmor Property Group Inc. - Understand $brx stock

$BRX Market Cap: $9.041 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.273B

TTM

Gross Margin

75.34%

TTM

Net Earnings

$328.4M

TTM

Current Assets

$711.9M

Q3 2024

Current Liabilities

$860.2M

Q3 2024

Current Ratio

82.76%

Q3 2024

Total Assets

$8.750B

Q3 2024

Total Liabilities

$5.869B

Q3 2024

Book Value

$2.881B

Q3 2024

Cash

$451.3M

Q3 2024

P/E

27.53

Nov 29, 2024 EST

Free Cash Flow

$176.4M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$1.245B	$1.218B	$1.152B	$1.053B	$1.168B	$1.234B	$1.283B	$1.276B	$1.266B	$1.237B	$1.146B	$1.088B	$1.113B	$1.130B	$1.165B
YoY Change	2.21%	5.71%	9.4%	-9.84%	-5.35%	-3.81%	0.58%	0.77%	2.38%	7.87%	5.34%	-2.26%	-1.46%	-3.0%	-5.75%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$1.245B	$1.218B	$1.152B	$1.053B	$1.168B	$1.234B	$1.283B	$1.276B	$1.266B	$1.237B	$1.146B	$1.088B	$1.113B	$1.130B	$1.165B
Cost Of Revenue	$320.0M	$311.8M	$297.8M	$280.6M	$295.9M	$313.6M	$315.2M	$307.9M	$310.4M	$308.7M	$285.0M	$274.0M	$288.3M	$295.1M	$297.5M
Gross Profit	$925.0M	$906.3M	$854.5M	$772.6M	$872.4M	$920.7M	$968.0M	$967.9M	$955.6M	$927.9M	$861.4M	$814.2M	$825.1M	$834.8M	$867.2M
Gross Profit Margin	74.3%	74.4%	74.16%	73.35%	74.68%	74.59%	75.44%	75.87%	75.48%	75.04%	75.14%	74.82%	74.11%	73.88%	74.45%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Selling, General & Admin	$117.1M	$117.2M	$105.5M	$98.30M	$102.3M	$103.7M	$97.60M	$101.4M	$108.0M	$91.70M	$132.0M	$100.5M	$128.0M	$110.9M	$111.5M
YoY Change	-0.08%	11.16%	7.28%	-3.91%	-1.35%	6.25%	-3.75%	-6.11%	17.78%	-30.53%	31.34%	-21.48%	15.42%	-0.54%	-20.24%
% of Gross Profit	12.66%	12.93%	12.34%	12.72%	11.73%	11.26%	10.08%	10.48%	11.3%	9.88%	15.32%	12.34%	15.51%	13.28%	12.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$362.3M	$344.7M	$327.2M	$335.6M	$332.4M	$352.2M	$375.0M	$387.3M	$417.9M	$442.2M	$450.3M	$510.4M	$479.2M	$404.6M	$406.9M
YoY Change	5.09%	5.37%	-2.51%	0.95%	-5.63%	-6.08%	-3.17%	-7.33%	-5.5%	-1.79%	-11.79%	6.52%	18.44%	-0.57%	-22.39%
% of Gross Profit	39.16%	38.04%	38.29%	43.44%	38.11%	38.26%	38.74%	40.01%	43.74%	47.66%	52.27%	62.69%	58.08%	48.47%	46.92%
Operating Expenses	$817.2M	$779.5M	$732.3M	$734.0M	$755.0M	$822.8M	$827.9M	$801.8M	$837.3M	$842.0M	$857.0M	$863.6M	$594.2M	$504.4M	$518.4M
YoY Change	4.84%	6.44%	-0.24%	-2.78%	-8.24%	-0.61%	3.25%	-4.24%	-0.55%	-1.76%	-0.75%	45.33%	17.8%	-2.7%	-21.93%
Operating Profit	$107.8M	$126.8M	$122.2M	$38.57M	$117.4M	$97.86M	$140.1M	$166.1M	$118.3M	$85.91M	$4.351M	-$49.36M	$230.9M	$330.4M	$348.8M
YoY Change	-14.98%	3.78%	216.85%	-67.15%	19.96%	-30.15%	-15.65%	40.43%	37.68%	1874.4%	-108.81%	-121.38%	-30.12%	-5.28%	33.13%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	$190.7M	$192.4M	$194.8M	$200.0M	$189.8M	$215.0M	$226.7M	$226.7M	$245.0M	$262.8M	$343.2M	$376.2M	-$392.9M	-$372.7M	-$374.9M
YoY Change	-0.88%	-1.21%	-2.61%	5.38%	-11.74%	-5.13%	0.0%	-7.49%	-6.77%	-23.42%	-8.78%	-195.76%	5.42%	-0.59%	-25.15%
% of Operating Profit	176.91%	151.74%	159.4%	518.57%	161.66%	219.72%	161.77%	136.47%	207.15%	305.93%	7887.68%		-170.16%	-112.8%	-107.48%
Other Income/Expense, Net	-$122.7M	-$84.41M	-$149.8M	-$198.1M	-$138.5M	-$45.22M	-$159.9M	-$196.3M	-$231.6M	-$284.0M	-$371.2M	-$375.1M	-$1.600M	$5.500M	$10.00M
YoY Change	45.38%	-43.65%	-24.37%	43.02%	206.23%	-71.71%	-18.57%	-15.23%	-18.46%	-23.48%	-1.05%	23343.88%	-129.09%	-45.0%	-26.47%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Pretax Income	$305.1M	$354.2M	$270.2M	$121.2M	$274.8M	$366.3M	$295.4M	$277.7M	$197.1M	$110.6M	-$81.83M	-$150.4M	$118.2M	-$298.0M	-$109.1M
YoY Change	-13.86%	31.09%	122.93%	-55.89%	-24.98%	23.98%	6.4%	40.89%	78.22%	-235.14%	-45.6%	-227.25%	-139.66%	173.14%	-88.32%
Income Tax													$0.00	-$16.50M	-$2.400M
% Of Pretax Income													0.0%
Net Earnings	$305.1M	$354.2M	$270.2M	$121.2M	$274.8M	$366.3M	$300.4M	$278.1M	$197.5M	$132.9M	-$118.9M	-$160.7M	$67.50M	-$321.4M	-$160.5M
YoY Change	-13.86%	31.09%	122.98%	-55.9%	-24.98%	21.94%	7.99%	40.81%	48.69%	-211.75%	-26.03%	-338.09%	-121.0%	100.25%	-85.61%
Net Earnings / Revenue	24.5%	29.08%	23.45%	11.5%	23.52%	29.67%	23.41%	21.8%	15.6%	10.74%	-10.37%	-14.77%	6.06%	-28.44%	-13.78%
Basic Earnings Per Share	$1.01	$1.18	$0.91	$0.41	$0.92	$1.21	$0.98	$0.91	$0.65	$0.36	-$0.50	-$0.68
Diluted Earnings Per Share	$1.01	$1.17	$0.90	$0.41	$0.92	$1.21	$0.98	$0.91	$0.65	$0.36	-$0.50	-$0.68	$373.5K	-$1.463M	-$730.5K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Cash & Short-Term Investments	$866.0K	$16.49M	$296.6M	$369.0M	$19.00M	$42.00M	$57.00M	$51.00M	$70.00M	$61.00M	$114.0M	$103.0M	$158.0M
YoY Change	-94.75%	-94.44%	-19.61%	1842.11%	-54.76%	-26.32%	11.76%	-27.14%	14.75%	-46.49%	10.68%	-34.81%
Cash & Equivalents	$866.0K	$16.49M	$296.6M	$369.0M	$19.00M	$42.00M	$57.00M	$51.00M	$70.00M	$61.00M	$114.0M	$103.0M	$158.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$0.00	$10.44M	$16.13M	$18.00M	$22.00M	$3.000M
Prepaid Expenses
Receivables	$278.8M	$264.1M	$234.9M	$240.0M	$234.0M	$228.0M	$232.0M	$178.0M	$180.0M	$182.0M	$179.0M	$157.0M	$145.0M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$279.6M	$291.1M	$547.6M	$627.0M	$275.0M	$273.0M	$289.0M	$229.0M	$250.0M	$243.0M	$293.0M	$260.0M	$303.0M
YoY Change	-3.93%	-46.85%	-12.66%	128.0%	0.73%	-5.54%	26.2%	-8.4%	2.88%	-17.06%	12.69%	-14.19%
Property, Plant & Equipment	$7.829B	$7.937B	$7.644B	$7.538B	$7.682B	$7.750B	$8.560B	$8.842B	$9.052B	$9.253B	$9.648B	$9.098B	$9.497B
YoY Change	-1.36%	3.83%	1.41%	-1.87%	-0.88%	-9.46%	-3.19%	-2.32%	-2.17%	-4.09%	6.05%	-4.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$19.91M	$21.67M	$20.22M	$20.00M	$18.00M	$30.00M	$28.00M	$33.00M	$28.00M	$25.00M	$31.00M	$41.00M	$39.00M
YoY Change	-8.1%	7.14%	1.12%	11.11%	-40.0%	7.14%	-15.15%	17.86%	12.0%	-19.35%	-24.39%	5.13%
Other Assets	$182.1M	$158.9M	$144.6M	$141.0M	$146.0M	$155.0M	$201.0M	$174.0M	$151.0M	$147.0M	$181.0M	$185.0M	$178.0M
YoY Change	14.59%	9.88%	2.56%	-3.42%	-5.81%	-22.89%	15.52%	15.23%	2.72%	-18.78%	-2.16%	3.93%
Total Long-Term Assets	$8.053B	$8.145B	$7.830B	$7.715B	$7.867B	$7.969B	$8.865B	$9.091B	$9.248B	$9.439B	$9.879B	$9.344B	$9.729B
YoY Change	-1.13%	4.02%	1.49%	-1.93%	-1.28%	-10.11%	-2.49%	-1.7%	-2.02%	-4.45%	5.73%	-3.96%
Total Assets	$8.333B	$8.436B	$8.377B	$8.342B	$8.142B	$8.242B	$9.154B	$9.320B	$9.498B	$9.682B	$10.17B	$9.604B	$10.03B
YoY Change
Accounts Payable	$842.6M	$845.2M	$797.9M	$801.0M	$107.0M	$125.0M	$106.0M	$68.00M	$98.00M	$150.0M	$709.0M	$632.0M	$691.0M
YoY Change	-0.31%	5.93%	-0.39%	648.6%	-14.4%	17.92%	55.88%	-30.61%	-34.67%	-78.84%	12.18%	-8.54%
Accrued Expenses	$36.11M	$39.92M	$33.71M	$39.00M	$45.00M
YoY Change	-9.56%	18.42%	-13.56%	-13.33%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$300.4M	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Total Short-Term Liabilities	$1.179B	$885.1M	$831.6M	$840.0M	$152.0M	$125.0M	$106.0M	$68.00M	$98.00M	$150.0M	$884.0M	$806.0M	$859.0M
YoY Change	33.21%	6.43%	-1.0%	452.63%	21.6%	17.92%	55.88%	-30.61%	-34.67%	-83.03%	9.68%	-6.17%
Long-Term Debt	$4.633B	$5.036B	$5.165B	$5.167B	$4.861B	$4.886B	$5.676B	$5.839B	$5.974B	$6.023B	$5.981B	$6.499B	$6.695B
YoY Change	-7.99%	-2.5%	-0.05%	6.3%	-0.51%	-13.92%	-2.79%	-2.26%	-0.81%	0.7%	-7.97%	-2.93%
Other Long-Term Liabilities	-$329.8M	-$349.7M	-$337.1M	-$346.0M	$386.0M	$395.0M	$463.0M	$485.0M	$506.0M	$529.0M	$1.000M
YoY Change	-5.69%	3.74%	-2.57%	-189.64%	-2.28%	-14.69%	-4.54%	-4.15%	-4.35%	52800.0%
Total Long-Term Liabilities	$4.303B	$4.686B	$4.827B	$4.821B	$5.247B	$5.281B	$6.139B	$6.324B	$6.480B	$6.552B	$5.982B	$6.499B	$6.695B
YoY Change	-8.16%	-2.93%	0.13%	-8.12%	-0.64%	-13.98%	-2.93%	-2.41%	-1.1%	9.53%	-7.96%	-2.93%
Total Liabilities	$5.482B	$5.571B	$5.659B	$5.661B	$5.399B	$5.406B	$6.246B	$6.397B	$6.628B	$6.778B	$7.829B	$7.882B	$8.174B
YoY Change	-1.59%	-1.56%	-0.03%	4.85%	-0.13%	-13.45%	-2.36%	-3.49%	-2.21%	-13.42%	-0.67%	-3.57%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Basic Shares Outstanding	301.0M shares	299.9M shares	297.4M shares	297.0M shares	298.2M shares	302.1M shares	304.8M shares	301.6M shares	298.0M shares	243.4M shares	189.0M shares	180.7M shares
Diluted Shares Outstanding	302.4M shares	301.7M shares	298.8M shares	297.9M shares	299.3M shares	302.3M shares	305.3M shares	305.1M shares	305.0M shares	244.6M shares	189.0M shares	180.7M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $9.0408 Billion

About Brixmor Property Group Inc.

Brixmor Property Group, Inc. operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company is headquartered in New York City, New York and currently employs 510 full-time employees. The company went IPO on 2013-10-30. The firm conducts its operations primarily through, Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). The firm owns and operates open-air retail portfolios by gross leasable area (GLA) in the United States, comprised primarily of community and neighborhood shopping centers. The Company’s portfolio consists of approximately 362 shopping centers (the Portfolio) totaling over 64 million square feet of GLA. The Company’s projects include Dickson City Crossings, East Port Plaza, Fox Run, Gateway Plaza, Old Bridge Gateway, Pointe Orlando, Shops at Palm Lakes, Stewart Plaza, Tinley Park Plaza, Tyrone Gardens, Vail Ranch Center, Venice Village, Village at Mira Mesa and Westminster City Center. The Company’s national portfolio is primarily located within established trade areas in the top 50 Core-Based Statistical Areas (CBSAs) in the United States.

Industry: Real Estate Investment Trusts Peers: AGREE REALTY CORP SPIRIT REALTY CAPITAL, INC. NNN REIT, INC. SITE Centers Corp. FEDERAL REALTY INVESTMENT TRUST KITE REALTY GROUP TRUST Phillips Edison & Company, Inc. REALTY INCOME CORP REGENCY CENTERS CORP