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BRX

Brixmor Property Group NYSE:BRX Stock Report

Last Price

US$20.64

Market Cap

US$6.2b

7D

3.5%

1Y

-9.8%

Updated

29 Jun, 2022

Data

Company Financials +
BRX fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance3/6
Financial Health1/6
Dividends4/6

BRX Stock Overview

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers.

Brixmor Property Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Brixmor Property Group
Historical stock prices
Current Share PriceUS$20.64
52 Week HighUS$27.19
52 Week LowUS$19.42
Beta1.49
1 Month Change-15.76%
3 Month Change-20.03%
1 Year Change-9.83%
3 Year Change14.10%
5 Year Change16.61%
Change since IPO1.18%

Recent News & Updates

Jun 12

Brixmor Property: Run To This Shopping Center Landlord

Brixmor is well-positioned in face of potential risks such as a recession or higher interest rates. Management has proven adept at recycling capital, and it has plenty of liquidity to fund its active acquisition pipeline. The recent sell-off presents a good buy-the-dip opportunity on this quality REIT.

Shareholder Returns

BRXUS REITsUS Market
7D3.5%1.8%1.6%
1Y-9.8%-9.2%-20.8%

Return vs Industry: BRX matched the US REITs industry which returned -9.1% over the past year.

Return vs Market: BRX exceeded the US Market which returned -20.4% over the past year.

Price Volatility

Is BRX's price volatile compared to industry and market?
BRX volatility
BRX Average Weekly Movement5.1%
REITs Industry Average Movement4.8%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: BRX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: BRX's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2008501Jim Taylorhttps://www.brixmor.com

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 395 retail centers comprise approximately 69 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers.

Brixmor Property Group Fundamentals Summary

How do Brixmor Property Group's earnings and revenue compare to its market cap?
BRX fundamental statistics
Market CapUS$6.18b
Earnings (TTM)US$296.53m
Revenue (TTM)US$1.17b

20.8x

P/E Ratio

5.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRX income statement (TTM)
RevenueUS$1.17b
Cost of RevenueUS$299.95m
Gross ProfitUS$871.21m
Other ExpensesUS$574.67m
EarningsUS$296.53m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 01, 2022

Earnings per share (EPS)0.99
Gross Margin74.39%
Net Profit Margin25.32%
Debt/Equity Ratio180.7%

How did BRX perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

49%

Payout Ratio

Does BRX pay a reliable dividends?

See BRX dividend history and benchmarks
When do you need to buy BRX by to receive an upcoming dividend?
Brixmor Property Group dividend dates
Ex Dividend DateJul 01 2022
Dividend Pay DateJul 15 2022
Days until Ex dividend1 day
Days until Dividend pay date15 days

Does BRX pay a reliable dividends?

See BRX dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is BRX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BRX?

Other financial metrics that can be useful for relative valuation.

BRX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue9.6x
Enterprise Value/EBITDA14.9x
PEG Ratio7.7x

Price to Earnings Ratio vs Peers

How does BRX's PE Ratio compare to its peers?

BRX PE Ratio vs Peers
The above table shows the PE ratio for BRX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average58.6x
FRT Federal Realty Investment Trust
30.1x9.8%US$7.7b
NNN National Retail Properties
26.6x6.6%US$7.8b
PECO Phillips Edison
154x33.4%US$4.4b
SRC Spirit Realty Capital
23.6x6.9%US$5.2b
BRX Brixmor Property Group
20.8x2.7%US$6.2b

Price-To-Earnings vs Peers: BRX is good value based on its Price-To-Earnings Ratio (20.8x) compared to the peer average (58.6x).


Price to Earnings Ratio vs Industry

How does BRX's PE Ratio compare vs other companies in the US REITs Industry?

Price-To-Earnings vs Industry: BRX is good value based on its Price-To-Earnings Ratio (20.8x) compared to the US REITs industry average (31.8x)


Price to Earnings Ratio vs Fair Ratio

What is BRX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BRX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.8x
Fair PE Ratio34.3x

Price-To-Earnings vs Fair Ratio: BRX is good value based on its Price-To-Earnings Ratio (20.8x) compared to the estimated Fair Price-To-Earnings Ratio (34.3x).


Share Price vs Fair Value

What is the Fair Price of BRX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BRX ($20.64) is trading below our estimate of fair value ($50.41)

Significantly Below Fair Value: BRX is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: BRX is poor value based on its PEG Ratio (7.7x)


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Future Growth

How is Brixmor Property Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRX's forecast earnings growth (2.7% per year) is above the savings rate (1.9%).

Earnings vs Market: BRX's earnings (2.7% per year) are forecast to grow slower than the US market (13.7% per year).

High Growth Earnings: BRX's earnings are forecast to grow, but not significantly.

Revenue vs Market: BRX's revenue (4.5% per year) is forecast to grow slower than the US market (8.3% per year).

High Growth Revenue: BRX's revenue (4.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BRX's Return on Equity is forecast to be low in 3 years time (10.6%).


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Past Performance

How has Brixmor Property Group performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-10.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BRX has a large one-off gain of $57.1M impacting its March 31 2022 financial results.

Growing Profit Margin: BRX's current net profit margins (25.3%) are higher than last year (10.8%).


Past Earnings Growth Analysis

Earnings Trend: BRX's earnings have declined by 10.1% per year over the past 5 years.

Accelerating Growth: BRX's earnings growth over the past year (161.5%) exceeds its 5-year average (-10.1% per year).

Earnings vs Industry: BRX earnings growth over the past year (161.5%) exceeded the REITs industry 69.5%.


Return on Equity

High ROE: BRX's Return on Equity (10.7%) is considered low.


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Financial Health

How is Brixmor Property Group's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BRX's short term assets ($304.6M) do not cover its short term liabilities ($344.9M).

Long Term Liabilities: BRX's short term assets ($304.6M) do not cover its long term liabilities ($5.1B).


Debt to Equity History and Analysis

Debt Level: BRX's net debt to equity ratio (179.6%) is considered high.

Reducing Debt: BRX's debt to equity ratio has reduced from 202.8% to 180.7% over the past 5 years.

Debt Coverage: BRX's debt is not well covered by operating cash flow (11.1%).

Interest Coverage: BRX's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


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Dividend

What is Brixmor Property Group current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.65%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BRX's dividend (4.65%) is higher than the bottom 25% of dividend payers in the US market (1.59%).

High Dividend: BRX's dividend (4.65%) is in the top 25% of dividend payers in the US market (4.25%)


Stability and Growth of Payments

Stable Dividend: BRX has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BRX's dividend payments have increased, but the company has only paid a dividend for 8 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (49.4%), BRX's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (51.9%), BRX's dividend payments are covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

6.8yrs

Average management tenure


CEO

Jim Taylor (54 yo)

6.08yrs

Tenure

US$8,359,959

Compensation

Mr. James M. Taylor Jr., also known as Jim, J.D. has been the Chief Executive Officer and President at Brixmor Property Group Inc. since May 20, 2016. Mr. Taylor served as the Chief Financial Officer, Exec...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD8.36M) is about average for companies of similar size in the US market ($USD8.21M).

Compensation vs Earnings: Jim's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: BRX's management team is seasoned and experienced (6.8 years average tenure).


Board Members

Experienced Board: BRX's board of directors are considered experienced (6.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Brixmor Property Group Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Brixmor Property Group Inc.
  • Ticker: BRX
  • Exchange: NYSE
  • Founded: 2008
  • Industry: Retail REITs
  • Sector: Real Estate
  • Implied Market Cap: US$6.182b
  • Shares outstanding: 299.53m
  • Website: https://www.brixmor.com

Number of Employees


Location

  • Brixmor Property Group Inc.
  • 450 Lexington Avenue
  • New York
  • New York
  • 10017
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.