Brixmor Property Group Inc. (BRX) to Distribute Quarterly Dividend of $0.31 on July 15th

Brixmor Property Group Inc. (NYSE:BRX) announced a quarterly dividend on Wednesday, April 22nd. Stockholders of record on Thursday, July 2nd will be paid a dividend of 0.3075 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Thursday, July 2nd.

Brixmor Property Group has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 5 years. Brixmor Property Group has a payout ratio of 128.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Brixmor Property Group to earn $2.48 per share next year, which means the company should continue to be able to cover its $1.23 annual dividend with an expected future payout ratio of 49.6%.

Brixmor Property Group Price Performance

Brixmor Property Group stock opened at $32.17 on Tuesday. Brixmor Property Group has a 12 month low of $24.66 and a 12 month high of $32.80. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.81. The business’s 50 day simple moving average is $30.76 and its 200 day simple moving average is $28.95. The company has a market cap of $9.87 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.72 and a beta of 0.99.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.16. The business had revenue of $354.82 million during the quarter, compared to the consensus estimate of $349.43 million. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the business posted $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. Sell-side analysts forecast that Brixmor Property Group will post 2.36 EPS for the current year.

Brixmor Property Group Company Profile

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.