BRX

EX-99.1

2 brx-20261026ex991.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 ANNOUNCES THIRD QUARTER RESULTS WITH STRONG LEASING DEMAND DRIVING OCCUPANCY TO RECORD HIGHS; INCREASES DIVIDEND OVER 7% AND RAISES OUTLOOK

NEW YORK, OCTOBER 26, 2026 - Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three and nine months ended September 30, 2026. For the three months ended September 30, 2026 and 2025, net income attributable to Brixmor Property Group Inc. was $0.28 per diluted share and $0.31 per diluted share, respectively, and for the nine months ended September 30, 2026 and 2025, net income attributable to Brixmor Property Group Inc. was $0.94 per diluted share and $0.81 per diluted share, respectively.

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

•Executed 1.6 million square feet of new and renewal leases, with rent spreads on comparable space of 25.3%, including new lease rent spreads on comparable space of 42.6% and renewal lease rent spreads on comparable space of 19.4%

•Increased total leased occupancy to a record 95.6%, anchor leased occupancy to 97.0%, and small shop leased occupancy to a record 92.8%

◦Commenced $17.7 million of annualized base rent

◦Leased to billed occupancy spread totaled 420 basis points

◦Signed but not yet commenced new lease population represented 3.1 million square feet and $68.9 million of annualized base rent

•Reported an increase in same property NOI of 6.6%, including a contribution from base rent of 480 basis points

•Reported Nareit FFO of $184.6 million, or $0.60 per diluted share

•Added $36.7 million of new reinvestment projects to the in process pipeline at an expected average incremental NOI yield of 11%, including a Publix redevelopment in Port St. Lucie, Florida

•Stabilized $54.6 million of reinvestment projects at an average incremental NOI yield of 10%, with the in process reinvestment pipeline totaling $331.8 million at an expected average incremental NOI yield of 10%

•Completed $49.5 million of acquisitions and $42.8 million of dispositions

•On September 28, 2026, the Company announced that it entered into definitive agreements, together with Everview Partners, to acquire Slate Grocery REIT in a transaction valued at approximately $2.34 billion (the "Slate Transaction"). Under the Slate Transaction, Brixmor will acquire a 23-property grocery-anchored portfolio for approximately $636 million and will hold a 20% common equity interest and an approximately $174 million preferred equity investment in a joint venture with Everview Partners (the "Everview JV") that will acquire an additional 92 properties for approximately $1.71 billion. The transaction is expected to close in the first quarter of 2027, subject to customary closing conditions including approval by Slate Grocery REIT unitholders

Subsequent events:

•Increased the quarterly dividend by 7.3% to $0.3300 per common share (equivalent to $1.32 per annum), which represents an annualized yield of approximately 4.7% as of October 23, 2026

•Completed a $4.8 million acquisition

•Updated previously provided Nareit FFO per diluted share expectations for 2026 to $2.36 - $2.38 from $2.35 - $2.37 and same property NOI growth expectations for 2026 to 5.50% - 5.75% from 5.00% - 5.75%

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100 Park Avenue : New York, NY 10017 : 800.468.7526

"Our third quarter results were highlighted by continued leasing momentum, strong same property NOI growth, and record occupancy," commented Brian T. Finnegan, Chief Executive Officer and President. "These results reinforce the strength of our operating platform, while the growth embedded in our signed but not yet commenced pipeline and reinvestment program provide exceptional visibility into future earnings and cash flow growth. We are excited to build on this momentum through the Slate Transaction by expanding our opportunity set and creating additional avenues to drive long-term shareholder value."

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 EndedNine Months Ended

9/30/20269/30/20259/30/20269/30/2025

Net income attributable to Brixmor Property Group Inc.$87.8$94.2$289.0$249.1

Net income attributable to Brixmor Property Group Inc. per diluted share$0.28$0.31$0.94$0.81

Nareit FFO$184.6$172.3$542.7$514.9

Nareit FFO per diluted share$0.60$0.56$1.76$1.67

Items that impact FFO comparability$(0.1)$0.0$(0.2)$(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 September 30, 2026, the Company reported an increase in same proper

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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