NYSE:BRXRetail REITs
Brixmor (BRX) Stock Dips Even As Rent Growth Hits Full Stride
Brixmor Property Group came into this earnings print with the stock slightly on the back foot, down over the past month and slipping another 1.6% to US$31.83 after the release. That is a muted reaction for a retail REIT that just posted quarterly NAREIT funds from operations of US$0.58 per share and same property net operating income growth of 5.8%.
The real story is not the headline profit figure. It is the strength of cash rent and a record signed but not commenced pipeline that now...