BRX

EX-99.1

2 brx-20260727ex991.htm

EX-99.1

Document

Exhibit 99.1

100 Park Avenue : New York, NY 10017 : 800.468.7526

FOR IMMEDIATE RELEASE

CONTACT:

Stacy Slater

Executive Vice President, Investor Relations

800.468.7526

stacy.slater@brixmor.com

BRIXMOR PROPERTY GROUP SECOND QUARTER RESULTS DEMONSTRATE CONTINUED OPERATIONAL STRENGTH,

WITH RECORD SMALL SHOP OCCUPANCY AND RECORD SIGNED BUT NOT YET COMMENCED RENT; FURTHER INCREASES 2026 OUTLOOK

NEW YORK, JULY 27, 2026 - Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three and six months ended June 30, 2026. For the three months ended June 30, 2026 and 2025, net income attributable to Brixmor Property Group Inc. was $0.24 per diluted share and $0.28 per diluted share, respectively, and for the six months ended June 30, 2026 and 2025, net income attributable to Brixmor Property Group Inc. was $0.65 per diluted share and $0.50 per diluted share, respectively.

Key highlights for the three months ended June 30, 2026 include:

•Executed 1.4 million square feet of new and renewal leases, with rent spreads on comparable space of 19.1%, including new lease rent spreads on comparable space of 31.3% and renewal lease rent spreads on comparable space of 15.5%

•Realized total leased occupancy of 94.8%, anchor leased occupancy of 95.9%, and record small shop leased occupancy of 92.6%

◦Commenced $12.7 million of annualized base rent

◦Leased to billed occupancy spread totaled 440 basis points

◦Total signed but not yet commenced new lease population represented 3.1 million square feet and a record $71.2 million of annualized base rent

•Reported an increase in same property NOI of 5.8%, including a contribution from base rent of 440 basis points

•Reported Nareit FFO of $178.6 million, or $0.58 per diluted share

•Stabilized $5.4 million of reinvestment projects at an average incremental NOI yield of 11%, with the in process reinvestment pipeline totaling $347.8 million at an expected average incremental NOI yield of 10%

•Completed $164.3 million of acquisitions and $15.1 million of dispositions

•Issued $400.0 million of 5.375% Senior Notes due 2036

•Received a positive credit rating outlook from S&P Global Ratings

•Published the Company's annual Corporate Responsibility Report on June 18, 2026 (view the 2025 report at https://www.brixmor.com/corporate-responsibility)

Subsequent events:

•Updated previously provided Nareit FFO per diluted share expectations for 2026 to $2.35 - $2.37 from $2.34 - $2.37 and same property NOI growth expectations for 2026 to 5.00% - 5.75% from 4.75% - 5.50%

"Our team continued to execute at a high level during the second quarter, delivering strong leasing spreads, record small shop occupancy, and a record signed but not yet commenced rent pipeline," commented Brian T. Finnegan, Chief Executive Officer and President. "The embedded growth within our portfolio, combined with the momentum from our reinvestment program and recent acquisitions, provides outstanding visibility into future earnings growth and underpins our increased outlook for 2026."

i

100 Park Avenue : New York, NY 10017 : 800.468.7526

FINANCIAL HIGHLIGHTS

•The following table summarizes the Company’s net income attributable to Brixmor Property Group Inc. and Nareit FFO:

(Unaudited, dollars in millions, except per share amounts)Three Months EndedSix Months Ended

6/30/20266/30/20256/30/20266/30/2025

Net income attributable to Brixmor Property Group Inc.$73.5$85.1$201.3$154.9

Net income attributable to Brixmor Property Group Inc. per diluted share$0.24$0.28$0.65$0.50

Nareit FFO$178.6$171.5$358.1$342.6

Nareit FFO per diluted share$0.58$0.56$1.16$1.11

Items that impact FFO comparability$(0.0)$(0.3)$(0.1)$(0.3)

Items that impact FFO comparability, net per share$(0.00)$(0.00)$(0.00)$(0.00)

Same Property NOI Performance

•For the three months ended June 30, 2026, the Company reported an increase in same property NOI of 5.8% versus the comparable 2025 period.

•For the six months ended June 30, 2026, the Company reported an increase in same property NOI of 6.1% versus the comparable 2025 period.

Dividend

•The Company’s Board of Directors declared a quarterly cash dividend of $0.3075 per common share (equivalent to $1.23 per annum). The dividend is payable on October 15, 2026 to stockholders of record on October 2, 2026.

PORTFOLIO AND INVESTMENT ACTIVITY

Value Enhancing Reinvestment Opportunities

•During the three months ended June 30, 2026, the Company stabilized three value enhancing reinvestment projects with a total aggregate net cost of approximately $5.4 million at an average incremental NOI yield of 11% and added eight new reinvestment projects to its in process pipeline with a total aggregate net estimated cost of approximately $47.8 million at an expected average incremental NOI yield of 11%.

•The following table summarizes the Company’s in process reinvestment pipeline as o

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brx-202602090001581068false00015810682026-02-092026-02-090001581068brx:BrixmorOperatingPartnershipLPMember2026-02-092026-02-09

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): February 9, 2026 Brixmor Property Group Inc. Brixmor Operating Partnership LP (Exact Name of Registrant as Specified in Charter)

Maryland001-3616045-2433192 Delaware333-256637-01 80-0831163 (State or Other Jurisdiction of Incorporation)(Commission File Number)(IRS Employer Identification No.)

100 Park Avenue New York, New York 10017 (Address of Principal Executive Offices, and Zip Code) (212) 869-3000 (Registrant’s Telephone Number, Including Area Code) Not applicable (Former Name or Former Address, if Changed Since Last Report) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, par value $0.01 per shareBRXNew York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Brixmor Property Group Inc. Yes ☐ No ☑              Brixmor Operating Partnership LP Yes ☐ No ☑ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Brixmor Property Group Inc. ☐                     Brixmor Operating Partnership LP ☐

Item 2.02    Results of Operations and Financial Condition.

On February 9, 2026, Brixmor Property Group Inc. (the "Company") issued a press release announcing its financial results and Supplemental Disclosure pertaining to its operations for the fourth quarter and year ended December 31, 2025. The press release is furnished as Exhibit 99.1 to this Report and the Supplemental Disclosure is furnished as Exhibit 99.2 to this Report.

As provided in General Instruction B.2 of Form 8-K, the information in this Item 2.02 and Exhibits 99.1 and 99.2 to this Form 8-K shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall they be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01     Financial Statements and Exhibits (d)     The following exhibits are attached to this Current Report on Form 8-K

99.1 Press release issued February 9, 2026.

99.2 Brixmor Property Group Inc. Supplemental Financial Information for the fourth quarter ended December 31, 2025.

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

Date: February 9, 2026

BRIXMOR PROPERTY GROUP INC.

By:/s/ Steven F. Siegel Name:Steven F. Siegel Title:Executive Vice President, General Counsel and Secretary

BRIXMOR OPERATING PARTNERSHIP LP

By:Brixmor OP GP LLC, its general partner

By:BPG Subsidiary LLC, its sole member

By:/s/ Steven F. Siegel Name:Steven F. Siegel Title:Executive Vice President, General Counsel and Secretary