Financials Brixmor Property Group Inc.

Equities

BRX

US11120U1051

Commercial REITs

Market Closed - Nyse 16:00:03 2024-06-21 EDT 5-day change 1st Jan Change
22.55 USD +0.27% Intraday chart for Brixmor Property Group Inc. +1.21% -3.09%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,436 4,907 7,546 6,799 6,995 6,794 - -
Enterprise Value (EV) 1 11,276 9,704 12,413 11,813 11,909 11,814 11,891 11,848
P/E ratio 23.5 x 40.4 x 28.2 x 19.4 x 23 x 23.4 x 23.6 x 23.9 x
Yield 5.21% 3.02% 3.48% 4.32% 4.52% 4.87% 4.91% 5.2%
Capitalization / Revenue 5.51 x 4.66 x 6.55 x 5.58 x 5.62 x 5.32 x 5.07 x 4.74 x
EV / Revenue 9.65 x 9.21 x 10.8 x 9.7 x 9.57 x 9.25 x 8.88 x 8.26 x
EV / EBITDA 14.6 x 14.4 x 16.6 x 15 x 14.7 x 14.1 x 13.6 x 12.9 x
EV / FCF 84.4 x 62.6 x 50.9 x 50.1 x 48.9 x 60.5 x 40 x -
FCF Yield 1.18% 1.6% 1.96% 2% 2.05% 1.65% 2.5% -
Price to Book 2.35 x 1.83 x 2.78 x 2.37 x 2.45 x 2.58 x 2.77 x 3.54 x
Nbr of stocks (in thousands) 297,846 296,482 296,988 299,913 300,596 301,299 - -
Reference price 2 21.61 16.55 25.41 22.67 23.27 22.55 22.55 22.55
Announcement Date 2/10/20 2/11/21 2/7/22 2/13/23 2/12/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,168 1,053 1,152 1,218 1,245 1,277 1,339 1,434
EBITDA 1 770.1 674.4 749 789.1 807.9 835.7 873.5 916.3
EBIT 1 437.7 338.8 421.9 444.3 445.6 461.3 486.2 527.8
Operating Margin 37.46% 32.16% 36.61% 36.48% 35.79% 36.11% 36.3% 36.79%
Earnings before Tax (EBT) 1 274.8 121.2 270.2 354.2 305.1 272.1 277.6 271.9
Net income 1 274.8 121.2 270.2 354.2 305.1 291.3 286.5 287.7
Net margin 23.52% 11.5% 23.45% 29.08% 24.5% 22.81% 21.39% 20.06%
EPS 2 0.9200 0.4100 0.9000 1.170 1.010 0.9629 0.9571 0.9449
Free Cash Flow 1 133.6 154.9 243.7 236 243.6 195.2 297.5 -
FCF margin 11.43% 14.71% 21.15% 19.38% 19.57% 15.28% 22.21% -
FCF Conversion (EBITDA) 17.35% 22.97% 32.53% 29.91% 30.16% 23.36% 34.06% -
FCF Conversion (Net income) 48.61% 127.85% 90.18% 66.64% 79.86% 67.01% 103.84% -
Dividend per Share 2 1.125 0.5000 0.8850 0.9800 1.052 1.098 1.107 1.173
Announcement Date 2/10/20 2/11/21 2/7/22 2/13/23 2/12/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 295.3 298.6 306.1 304.7 308.6 311.4 309.8 307.3 316.5 320.2 316.1 318.1 325.2 330 332.7
EBITDA 1 186.3 194.2 199.6 198.2 197.1 201.7 201.9 200.9 203.4 213.2 205.6 206.8 209.7 214 216.8
EBIT 1 105.5 110 114.5 113.4 106.5 113.9 113 104.7 114 122 112.4 112.5 116.2 122.1 120.4
Operating Margin 35.73% 36.83% 37.4% 37.21% 34.5% 36.59% 36.49% 34.06% 36.01% 38.09% 35.56% 35.37% 35.74% 37.01% 36.2%
Earnings before Tax (EBT) 1 81.24 79.51 87.79 79.74 107.2 - 56.41 69.74 72.7 88.9 61.86 65.03 67.1 63.75 61.09
Net income 1 81.24 79.51 87.79 79.74 107.2 112.2 56.41 63.74 72.7 88.9 65.49 66.35 69.43 70.43 67.98
Net margin 27.51% 26.62% 28.68% 26.17% 34.73% 36.04% 18.21% 20.74% 22.97% 27.76% 20.72% 20.86% 21.35% 21.34% 20.44%
EPS 2 0.2700 0.2600 0.2900 0.2600 0.3500 0.3700 0.1900 0.2100 0.2400 0.2900 0.2128 0.2182 0.2291 0.2342 0.2211
Dividend per Share 2 0.2400 0.2400 0.2400 0.2400 0.2600 0.2600 0.2600 0.2600 0.2725 - 0.2723 0.2735 0.2794 0.2708 0.2609
Announcement Date 2/7/22 5/2/22 8/1/22 11/1/22 2/13/23 5/1/23 7/31/23 10/30/23 2/12/24 4/29/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,840 4,797 4,867 5,014 4,915 5,019 5,097 5,053
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.285 x 7.114 x 6.497 x 6.355 x 6.083 x 6.006 x 5.835 x 5.515 x
Free Cash Flow 1 134 155 244 236 244 195 297 -
ROE (net income / shareholders' equity) 9.85% 4.47% 10% 12.7% 10.7% 10.1% 10.7% 13.7%
ROA (Net income/ Total Assets) 3.35% 1.47% 3.23% 4.21% 3.64% 3.15% 3.14% 3.29%
Assets 1 8,192 8,243 8,360 8,407 8,384 9,244 9,114 8,759
Book Value Per Share 2 9.210 9.040 9.150 9.550 9.480 8.760 8.150 6.380
Cash Flow per Share 2 1.770 1.490 1.850 1.880 1.950 1.720 1.780 2.140
Capex 1 265 288 309 330 345 362 349 299
Capex / Sales 22.65% 27.36% 26.78% 27.12% 27.72% 28.35% 26.03% 20.85%
Announcement Date 2/10/20 2/11/21 2/7/22 2/13/23 2/12/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
22.55 USD
Average target price
25.67 USD
Spread / Average Target
+13.82%
Consensus
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