Financial Ratios Brixmor Property Group Inc.

Equities

BRX

US11120U1051

Commercial REITs

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11-24	Truist Trims Price Target on Brixmor Property Group to $29 From $30, Keeps Buy Rating	MT
11-24	Brixmor Property Group Inc. Announces Chief Executive Officer Changes, Effective January 1, 2026	CI

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Published financial data: BRIXMOR PROPERTY GROUP INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Rental Revenues	1.05B	1.15B	1.22B	1.24B	1.28B
Tenant Reimbursements	-	-	-	-	-
Other Revenues, Total	2.32M	5.97M	712K	1.19M	1.63M
Total Revenues	1.05B	1.15B	1.22B	1.25B	1.29B
Property Expenses	281M	298M	312M	320M	317M
Selling General & Admin Expenses, Total	98.28M	105M	117M	117M	116M
Depreciation & Amortization - (IS) - (Collected)	336M	327M	345M	362M	381M
Provision for Bad Debts	-	-	-	-	-
Total Operating Expenses	714M	730M	774M	799M	815M
Operating Income (REIT / Utility Template)	339M	422M	444M	446M	470M
Interest Expense, Total	-200M	-195M	-192M	-191M	-216M
Interest and Investment Income	482K	299K	314K	666K	20.78M
Net Interest Expenses	-200M	-194M	-192M	-190M	-195M
Other Non Operating Income (Expenses)	-5M	-65K	-3.64M	-2.45M	-3.16M
EBT, Excl. Unusual Items	134M	227M	249M	253M	272M
Gain (Loss) on Sale of Investments	-	-	-	-	-
Gain (Loss) on Sale of Assets	34.5M	73.09M	112M	65.44M	78.06M
Asset Writedown	-19.55M	-1.9M	-5.72M	-17.84M	-11.14M
Other Unusual Items	-28.05M	-28.34M	-221K	4.36M	554K
EBT, Incl. Unusual Items	121M	270M	354M	305M	339M
Earnings From Continuing Operations	121M	270M	354M	305M	339M
Net Income to Company	121M	270M	354M	305M	339M
Minority Interest	-	-	-	-	-2K
Net Income - (IS)	121M	270M	354M	305M	339M
Preferred Dividend and Other Adjustments	410K	748K	1M	828K	555K
Net Income to Common Incl Extra Items	121M	269M	353M	304M	339M
Net Income to Common Excl. Extra Items	121M	269M	353M	304M	339M
Per Share Items
Net EPS - Basic	0.41	0.91	1.18	1.01	1.12
Basic EPS - Continuing Operations	0.41	0.91	1.18	1.01	1.12
Basic Weighted Average Shares Outstanding	297M	297M	300M	301M	303M
Net EPS - Diluted	0.41	0.9	1.17	1.01	1.11
Diluted EPS - Continuing Operations	0.41	0.9	1.17	1.01	1.11
Diluted Weighted Average Shares Outstanding	298M	299M	302M	302M	304M
Normalized Basic EPS	0.28	0.48	0.52	0.53	0.56
Normalized Diluted EPS	0.28	0.48	0.51	0.52	0.56
Dividend Per Share	0.5	0.88	0.98	1.05	1.1
Payout Ratio	140.62	95.2	81.77	103.34	97.62
Supplemental Items
EBITDA	658M	736M	777M	795M	840M
EBITA	341M	424M	451M	449M	474M
EBIT	339M	422M	444M	446M	470M
EBITDAR	665M	743M	783M	801M	843M
Total Revenues (As Reported)	1.05B	1.15B	1.22B	1.25B	1.29B
Normalized Net Income	83.92M	142M	155M	158M	170M
Interest Capitalized	4.23M	4.01M	3.08M	4.15M	3.98M
Supplemental Operating Expense Items
General and Administrative Expenses	98.28M	105M	117M	117M	116M
Net Rental Expense, Total	7.62M	6.25M	6.14M	6.11M	2.89M
Imputed Operating Lease Interest Expense	2.45M	1.9M	1.87M	1.9M	983K
Imputed Operating Lease Depreciation	5.17M	4.35M	4.28M	4.22M	1.91M
Stock-Based Comp., G&A Exp. (Total)	10.95M	17.09M	23.41M	20.78M	17.94M
Total Stock-Based Compensation	10.95M	17.09M	23.41M	20.78M	17.94M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Gross Property Plant And Equipment	9.63B	9.91B	10.39B	10.52B	10.92B
Accumulated Depreciation	-2.15B	-2.33B	-2.53B	-2.75B	-2.98B
Net Property Plant And Equipment	7.48B	7.58B	7.86B	7.77B	7.94B
Total Real Estate Assets	7.48B	7.58B	7.86B	7.77B	7.94B
Cash And Equivalents	369M	297M	16.49M	866K	378M
Accounts Receivable, Total	240M	235M	264M	279M	282M
Investment In Debt and Equity Securities	19.55M	20.22M	21.67M	24.28M	22.28M
Other Intangibles, Total	58.75M	63.32M	77.51M	59.5M	93.41M
Restricted Cash	1.41M	1.11M	4.77M	18.04M	1.08M
Other Current Assets, Total	18.01M	16.13M	10.44M	-	4.19M
Trading Asset Securities, Total	-	-	-	-	-
Deferred Charges Long-Term	139M	144M	154M	164M	167M
Other Long-Term Assets, Total	16.8M	20.51M	26.93M	17.44M	17.07M
Total Assets	8.34B	8.38B	8.44B	8.33B	8.91B
Liabilities
Current Portion of Long-Term Debt	28.22M	12.58M	-	307M	632M
Current Portion of Leases	6.26M	5.99M	6.06M	6.07M	6.21M
Long-Term Debt	5.17B	5.16B	5.04B	4.63B	4.71B
Long-Term Leases	32.34M	27.73M	33.87M	30.04M	35.26M
Accounts Payable, Total	276M	293M	317M	338M	331M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	66M	74.4M	81.6M	85.7M	91.8M
Other Non Current Liabilities	85.4M	80.9M	96.8M	82.6M	120M
Total Liabilities	5.66B	5.66B	5.57B	5.48B	5.92B
Common Stock, Total	2.96M	2.97M	3M	3.01M	3.06M
Additional Paid In Capital	3.21B	3.23B	3.3B	3.31B	3.43B
Distributions In Excess Of Earnings	-508M	-504M	-446M	-461M	-459M
Comprehensive Income and Other	-28.06M	-12.67M	8.85M	-2.7M	8.22M
Total Common Equity	2.68B	2.72B	2.87B	2.85B	2.98B
Minority Interest	-	-	-	-	244K
Total Equity	2.68B	2.72B	2.87B	2.85B	2.98B
Total Liabilities And Equity	8.34B	8.38B	8.44B	8.33B	8.91B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	297M	298M	301M	301M	306M
ECS Total Common Shares Outstanding	296M	297M	300M	301M	305M
Book Value / Share	9.04	9.15	9.55	9.48	9.77
Tangible Book Value	2.62B	2.66B	2.79B	2.79B	2.89B
Tangible Book Value Per Share	8.84	8.93	9.29	9.28	9.46
Total Debt	5.23B	5.21B	5.08B	4.98B	5.38B
Net Debt	4.87B	4.91B	5.06B	4.98B	5B
Debt Equivalent Oper. Leases	60.93M	50M	49.15M	48.9M	23.14M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	244K
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	1.74B	1.77B	1.82B	1.79B	1.83B
Buildings, Total	7.86B	8.11B	8.54B	8.7B	9.05B
Full Time Employees	474	500	500	510	453
Part Time Employees	6	1	2	3	1
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	121M	270M	354M	305M	339M
Depreciation, Depletion & Amortization	316M	312M	326M	346M	367M
Amortization of Goodwill and Intangible Assets - (CF)	2.6M	2.6M	6.74M	3.74M	3.53M
Total Depreciation, Depletion & Amortization	319M	315M	333M	350M	370M
Amortization of Deferred Charges, Total	11.11M	12.44M	10.98M	10.74M	9.61M
(Gain) Loss On Sale of Asset - (CF)	-34.5M	-73.09M	-112M	-65.44M	-78.06M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Total Asset Writedown	19.55M	1.9M	5.72M	17.84M	11.14M
Stock-Based Compensation (CF)	10.95M	17.09M	23.41M	20.78M	17.94M
Change in Accounts Receivable	-9.8M	2.19M	-31.95M	-16.51M	-8.04M
Change in Accounts Payable	1.58M	12.32M	24.66M	15.44M	27K
Change in Other Net Operating Assets (Collected)	-23.04M	-30.82M	-39M	-41.34M	-34.03M
Other Operating Activities	26.98M	25.48M	-2.64M	-7.3M	-3.4M
Cash from Operations	443M	552M	566M	589M	625M
Acquisition of Real Estate Assets, Total	-288M	-567M	-740M	-347M	-647M
Sale of Real Estate Assets, Total	122M	237M	280M	182M	210M
Net Sale / Acquisition of Real Estate Assets	-166M	-330M	-460M	-165M	-437M
Investment in Marketable and Equity Securities, Total	-1.46M	-1.03M	-2.22M	2.09M	-35K
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-167M	-331M	-462M	-163M	-437M
Long-Term Debt Issued, Total	1.47B	848M	800M	726M	876M
Total Debt Issued	1.47B	848M	800M	726M	876M
Long-Term Debt Repaid, Total	-1.16B	-850M	-925M	-826M	-466M
Total Debt Repaid	-1.16B	-850M	-925M	-826M	-466M
Issuance of Common Stock	-	5.15M	53.1M	-	115M
Repurchase of Common Stock	-28.55M	-5.51M	-10.49M	-11.24M	-14.06M
Common Dividends Paid	-170M	-257M	-290M	-315M	-331M
Common & Preferred Stock Dividends Paid	-170M	-257M	-290M	-315M	-331M
Other Financing Activities, Total	-34.74M	-33.72M	-8.39M	-783K	-7.47M
Cash from Financing	72.71M	-294M	-380M	-428M	172M
Net Change in Cash	349M	-72.34M	-276M	-2.36M	360M
Supplemental Items
Cash Interest Paid	183M	191M	375M	187M	189M
Cash Income Tax Paid (Refund)	3.58M	1.65M	3.9M	2.32M	2.28M
Net Debt Issued / Repaid	306M	-2.26M	-125M	-101M	410M
Levered Free Cash Flow	395M	519M	529M	547M	566M
Unlevered Free Cash Flow	512M	633M	642M	660M	694M
Change In Net Working Capital	33.31M	-33.07M	-4.13M	-7.15M	-9.27M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.57	3.15	3.3	3.32	3.41
Return on Total Capital	2.72	3.33	3.5	3.53	3.63
Return On Equity %	4.47	10.01	12.69	10.68	11.63
Return on Common Equity	4.45	9.98	12.65	10.65	11.61
Margin Analysis
Gross Profit Margin %	73.36	74.16	74.4	74.3	75.32
SG&A Margin	9.33	9.15	9.62	9.41	9.06
EBITDA Margin %	62.46	63.91	63.78	63.87	65.4
EBITA Margin %	32.41	36.84	37.03	36.09	36.86
EBIT Margin %	32.16	36.61	36.48	35.79	36.59
Income From Continuing Operations Margin %	11.5	23.45	29.08	24.5	26.4
Net Income Margin %	11.5	23.45	29.08	24.5	26.4
Net Avail. For Common Margin %	11.47	23.38	29	24.44	26.36
Normalized Net Income Margin	7.97	12.33	12.75	12.71	13.22
Levered Free Cash Flow Margin	37.46	45.05	43.39	43.97	44.04
Unlevered Free Cash Flow Margin	48.61	54.96	52.69	53	53.99
Asset Turnover
Asset Turnover	0.13	0.14	0.14	0.15	0.15
Fixed Assets Turnover	0.14	0.15	0.16	0.16	0.16
Receivables Turnover (Average Receivables)	4.43	4.82	4.88	4.58	4.58
Short Term Liquidity
Current Ratio	1.67	1.42	0.73	0.4	0.63
Quick Ratio	1.62	1.38	0.69	0.38	0.62
Operating Cash Flow to Current Liabilities	1.18	1.43	1.4	0.8	0.59
Days Sales Outstanding (Average Receivables)	82.64	75.65	74.81	79.66	79.95
Average Days Payable Outstanding	366.87	348.6	357.07	373.4	385.94
Long Term Solvency
Total Debt/Equity	195.25	191.69	177.15	174.6	180.36
Total Debt / Total Capital	66.13	65.72	63.92	63.58	64.33
LT Debt/Equity	193.97	191.01	176.94	163.6	158.96
Long-Term Debt / Total Capital	65.7	65.48	63.84	59.58	56.7
Total Liabilities / Total Assets	67.87	67.55	66.04	65.79	66.51
EBIT / Interest Expense	1.69	2.17	2.31	2.34	2.18
EBITDA / Interest Expense	3.33	3.81	4.07	4.2	3.9
(EBITDA - Capex) / Interest Expense	3.33	3.81	4.07	4.2	3.9
Total Debt / EBITDA	7.87	7.02	6.48	6.21	6.38
Net Debt / EBITDA	7.31	6.62	6.46	6.21	5.93
Total Debt / (EBITDA - Capex)	7.87	7.02	6.48	6.21	6.38
Net Debt / (EBITDA - Capex)	7.31	6.62	6.46	6.21	5.93
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-9.84	9.4	5.71	2.21	3.21
Gross Profit, 1 Yr. Growth %	-11.43	10.59	6.06	2.07	4.64
EBITDA, 1 Yr. Growth %	-12.43	11.94	5.5	2.35	5.69
EBITA, 1 Yr. Growth %	-23.22	24.34	6.27	-0.38	5.42
EBIT, 1 Yr. Growth %	-22.59	24.53	5.32	0.3	5.51
Earnings From Cont. Operations, 1 Yr. Growth %	-55.9	122.98	31.09	-13.86	11.21
Net Income, 1 Yr. Growth %	-55.9	122.98	31.09	-13.86	11.21
Diluted EPS Before Extra, 1 Yr. Growth %	-55.76	121.32	30	-13.68	9.9
Normalized Net Income, 1 Yr. Growth %	-45.42	69.31	9.34	1.83	7.38
Net Property, Plant and Equip., 1 Yr. Growth %	-1.59	1.36	3.68	-1.15	2.25
Accounts Receivable, 1 Yr. Growth %	2.59	-2.27	12.46	5.54	1.14
Total Assets, 1 Yr. Growth %	2.45	0.42	0.7	-1.22	6.91
Common Equity, 1 Yr. Growth %	-2.3	1.4	5.4	-0.51	4.68
Tangible Book Value, 1 Yr. Growth %	-1.5	1.26	4.99	0.12	3.56
Cash From Operations, 1 Yr. Growth %	-16.19	24.63	2.56	3.96	6.1
Levered Free Cash Flow, 1 Yr. Growth %	-13.55	31.56	1.82	3.59	3.36
Unlevered Free Cash Flow, 1 Yr. Growth %	-9.85	23.69	1.33	2.81	5.14
Dividend Per Share, 1 Yr. Growth %	-55.56	77	10.73	7.4	4.99
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-7.63	-0.69	7.54	3.95	2.71
Gross Profit, 2 Yr. CAGR %	-8.39	-1.03	8.3	4.05	3.35
EBITDA, 2 Yr. CAGR %	-8.77	-0.99	8.67	3.91	4.01
EBITA, 2 Yr. CAGR %	-15.08	-2.29	14.95	2.89	2.48
EBIT, 2 Yr. CAGR %	-14.63	-1.82	14.52	2.78	2.87
Earnings From Cont. Operations, 2 Yr. CAGR %	-42.48	-0.84	70.97	6.26	-2.13
Net Income, 2 Yr. CAGR %	-42.48	-0.84	70.97	6.26	-2.13
Diluted EPS Before Extra, 2 Yr. CAGR %	-42.03	-1.05	69.62	5.94	-2.6
Normalized Net Income, 2 Yr. CAGR %	-26.34	-3.87	36.06	5.52	4.57
Net Property, Plant and Equip., 2 Yr. CAGR %	-1.07	-0.13	2.51	1.24	0.54
Accounts Receivable, 2 Yr. CAGR %	2.6	0.13	4.84	8.95	3.31
Total Assets, 2 Yr. CAGR %	0.6	1.43	0.56	-0.27	2.77
Common Equity, 2 Yr. CAGR %	-2.78	-0.47	3.38	2.4	2.05
Tangible Book Value, 2 Yr. CAGR %	-1.97	-0.13	3.11	2.53	1.83
Cash From Operations, 2 Yr. CAGR %	-9.56	2.2	13.06	3.26	5.02
Levered Free Cash Flow, 2 Yr. CAGR %	-17.34	6.64	15.74	2.7	3.48
Unlevered Free Cash Flow, 2 Yr. CAGR %	-14.8	5.6	11.95	2.07	3.97
Dividend Per Share, 2 Yr. CAGR %	-32.73	-11.31	40	9.05	6.19
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-6.38	-2.27	1.4	5.73	3.7
Gross Profit, 3 Yr. CAGR %	-7.25	-2.46	1.28	6.18	4.24
EBITDA, 3 Yr. CAGR %	-7.87	-2.33	1.12	6.52	4.5
EBITA, 3 Yr. CAGR %	-12.66	-3.57	0.48	9.59	3.73
EBIT, 3 Yr. CAGR %	-11.92	-3.18	0.51	9.57	3.68
Earnings From Cont. Operations, 3 Yr. CAGR %	-26.11	-9.65	8.83	36.04	7.89
Net Income, 3 Yr. CAGR %	-26.1	-9.65	8.83	36.04	7.89
Diluted EPS Before Extra, 3 Yr. CAGR %	-25.51	-9.4	8.38	35.43	7.24
Normalized Net Income, 3 Yr. CAGR %	-20.42	-2.79	0.34	23.53	6.13
Net Property, Plant and Equip., 3 Yr. CAGR %	-3.79	-0.27	1.13	1.28	1.57
Accounts Receivable, 3 Yr. CAGR %	1.17	0.95	4.09	5.07	6.28
Total Assets, 3 Yr. CAGR %	-3.05	0.54	1.19	-0.04	2.07
Common Equity, 3 Yr. CAGR %	-2.68	-1.4	1.45	2.07	3.15
Tangible Book Value, 3 Yr. CAGR %	-1.52	-0.91	1.55	2.1	2.87
Cash From Operations, 3 Yr. CAGR %	-7.06	0.64	2.32	9.94	4.19
Levered Free Cash Flow, 3 Yr. CAGR %	-7.9	-3.49	5.01	11.54	2.92
Unlevered Free Cash Flow, 3 Yr. CAGR %	-7.16	-3.53	4.16	8.82	3.08
Dividend Per Share, 3 Yr. CAGR %	-22.03	-7.13	-4.5	28.16	7.68
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-3.62	-2.02	-1.04	0.17	1.92
Gross Profit, 5 Yr. CAGR %	-4.17	-2.47	-1.32	0.09	2.1
EBITDA, 5 Yr. CAGR %	-3.84	-2.41	-1.58	0.12	2.27
EBITA, 5 Yr. CAGR %	-6.21	-3.4	-2.52	-1.04	1.28
EBIT, 5 Yr. CAGR %	-4.66	-2.64	-2.17	-0.84	1.44
Earnings From Cont. Operations, 5 Yr. CAGR %	-9.31	-0.58	3.35	-3.59	4.31
Net Income, 5 Yr. CAGR %	-8.96	-0.4	3.36	-3.59	4.31
Diluted EPS Before Extra, 5 Yr. CAGR %	-8.87	-0.25	3.53	-3.55	3.84
Normalized Net Income, 5 Yr. CAGR %	-5.58	-1.66	-1.38	0.45	2.01
Net Property, Plant and Equip., 5 Yr. CAGR %	-3.16	-2.58	-1.31	0.33	0.89
Accounts Receivable, 5 Yr. CAGR %	5.89	5.68	2.62	4.08	3.78
Total Assets, 5 Yr. CAGR %	-2.56	-2.11	-1.62	0.22	1.82
Common Equity, 5 Yr. CAGR %	-1.35	-1.44	-0.3	0.1	1.69
Tangible Book Value, 5 Yr. CAGR %	0.18	-0.47	0.31	0.45	1.66
Cash From Operations, 5 Yr. CAGR %	-3.3	-0.54	0.52	1.68	3.39
Levered Free Cash Flow, 5 Yr. CAGR %	-5.18	0.02	0.91	-1.06	4.39
Unlevered Free Cash Flow, 5 Yr. CAGR %	-4.94	-0.6	0.06	-1.32	4.08
Dividend Per Share, 5 Yr. CAGR %	-11.48	-2.32	-1.46	-0.97	-0.36