Brixmor Property Group Announces First Quarter 2021 Earnings Release and Teleconference Dates

Total Page：16

File Type：pdf, Size：1020Kb

Brixmor Property Group Announces First Quarter 2021 Earnings Release and Teleconference Dates

450 Lexington Avenue ¦ New York, NY 10017 ¦ 800.468.7562 FOR IMMEDIATE RELEASE CONTACT: Stacy Slater Senior Vice President, Investor Relations 800.468.7526 [email protected] BRIXMOR PROPERTY GROUP ANNOUNCES FIRST QUARTER 2021 EARNINGS RELEASE AND TELECONFERENCE DATES NEW YORK, March 22, 2021 – Brixmor Property Group Inc. (NYSE: BRX) today announced that it will release its 2021 first quarter earnings on Monday, May 3, 2021 after the market close. Brixmor will host a teleconference on Tuesday, May 4, 2021 at 10:00 AM ET. Event: Brixmor Property Group’s First Quarter Earnings Results When: 10:00 AM ET, Tuesday, May 4, 2021 Live Webcast: Brixmor 1Q 2021 Earnings Call under the Investors tab at www.brixmor.com Dial #: 1.877.705.6003 (International: 1.201.493.6725) A replay of the webcast will be available on the Brixmor website at www.brixmor.com. A replay of the call can be accessed until midnight ET on Tuesday, May 18, 2021 by dialing 844.512.2921 (International: 412.317.6671); Passcode: 13717945. Connect With Brixmor • For additional information, please visit www.brixmor.com; • Follow Brixmor on: o Twitter at https://twitter.com/Brixmor o Facebook at https://www.facebook.com/Brixmor o Instagram at https://www.instagram.com/brixmorpropertygroup o YouTube at https://www.youtube.com/user/Brixmor; and • Find Brixmor on LinkedIn at www.linkedin.com/company/brixmor. About Brixmor Property Group 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 393 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 is a proud real estate partner to approximately 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets, Wal-Mart, Ross Stores and L.A. Fitness. ### .

Copy Link

Recommended publications

Brixmor Property Group Inc. Form 8-K Current Report Filed 2017-05-01
SECURITIES AND EXCHANGE COMMISSION FORM 8-K Current report filing Filing Date: 2017-05-01 | Period of Report: 2017-05-01 SEC Accession No. 0001581068-17-000017 (HTML Version on secdatabase.com) FILER Brixmor Property Group Inc. Mailing Address Business Address 450 LEXINGTON AVENUE 450 LEXINGTON AVENUE CIK:1581068| IRS No.: 452433192 | State of Incorp.:DE | Fiscal Year End: 1231 NEW YORK NY 10017 NEW YORK NY 10017 Type: 8-K | Act: 34 | File No.: 001-36160 | Film No.: 17801009 (212) 869-3000 SIC: 6798 Real estate investment trusts Brixmor Operating Partnership LP Mailing Address Business Address 420 LEXINGTON AVENUE 420 LEXINGTON AVENUE CIK:1630031| IRS No.: 800831163 | State of Incorp.:DE | Fiscal Year End: 1231 NEW YORK NY 10170 NEW YORK NY 10170 Type: 8-K | Act: 34 | File No.: 333-201464-01 | Film No.: 17801010 212-869-3000 SIC: 6798 Real estate investment trusts Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 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): May 1, 2017 Brixmor Property Group Inc. Brixmor Operating Partnership LP (Exact Name of Registrant as Specified in its Charter) Maryland (Brixmor Property Group Inc.) 001-36160 45-2433192 Delaware (Brixmor Operating Partnership LP) 333-201464-01 80-0831163 (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification
[Show full text]
Investment Holdings As of June 30, 2019
Investment Holdings As of June 30, 2019 Montana Board of Investments | Portfolio as of June 30, 2019 Transparency of the Montana Investment Holdings The Montana Board of Investment’s holdings file is a comprehensive listing of all manager funds, separately managed and commingled, and aggregated security positions. Securities are organized across common categories: Pension Pool, Asset Class, Manager Fund, Aggregated Individual Holdings, and Non-Pension Pools. Market values shown are in U.S. dollars. The market values shown in this document are for the individual investment holdings only and do not include any information on accounts for receivables or payables. Aggregated Individual Holdings represent securities held at our custodian bank and individual commingled accounts. The Investment Holdings Report is unaudited and may be subject to change. The audited Unified Investment Program Financial Statements, prepared on a June 30th fiscal year-end basis, will be made available once the Legislative Audit Division issues the Audit Opinion. Once issued, the Legislative Audit Division will have the Audit Opinion available online at https://www.leg.mt.gov/publications/audit/agency-search-report and the complete audited financial statements will also be available on the Board’s website http://investmentmt.com/AnnualReportsAudits. Additional information can be found at www.investmentmt.com Montana Board of Investments | Portfolio as of June 30, 2019 2 Table of Contents Consolidated Asset Pension Pool (CAPP) 4 CAPP - Domestic Equities 5 CAPP - International
[Show full text]
Location Is Everything
Location is Everything. CONFIDENTIAL Nearly 53 years of experience in retail investment Transaction history that includes over400 assets totaling $4.0 billion Over 53 dedicated retail real estate professionals Experience, Low-leverage, flexible balance sheet Expertise, Strong local market expertise in CA, AZ, TX, and Vision CO, IL, NC, GA Key relationships with Kroger, Albertsons, Publix, and Sprouts Board of Directors consisting of 2 independents and 5 total members 2 Path to Institutionalization 1970-2015 Syndication Years • Westwood Financial founded by Steven Fogel and Howard Banchik • Acquired 69 assets via syndication in Los Angeles, primarily apartment buildings • Transitioned from apartment buildings to unanchored retail centers • Grew syndication model to over 100 retail assets and approximately $1.7 billion in AUM 2016-2020 Institutionalized, Post Roll-Up Years • Completed Consolidation Transaction on September 1, 2016 with the roll up of 550 limited partnerships into a limited liability company • Established Board of Directors • Extended debt duration to over six years by transitioning balance sheet lenders from local banks and CMBS to banks and life insurance lenders • Purchased approximately $200 million of real estate including high-profile assets such as Lake Houston (H-E-B), Arbors at Mallard Creek (Trader Joe’s), Decatur Crossing (Sprouts), and Kingsbury Center (Lincoln Park, IL) • Transitioned Co-CEO structure with single CEO role; Mark Bratt, formerly CIO of DDR Corp. and Sr. Managing Director at CBRE, and lead-independent
[Show full text]
Location Is Everything
Location is Everything. CONFIDENTIAL 8.19.21 Nearly 53 years of experience in retail investment Transaction history that includes over400 assets totaling $4.0 billion 55 dedicated retail real estate professionals Experience, Low-leverage, flexible balance sheet Expertise, Strong local market expertise in CA, AZ, CO, and Vision TX, IL, GA, FL, NC Key grocer relationships with Albertsons, H.E.B., Kroger, Publix, and Sprouts Key national retail relationships with Target, Walmart, TJX, Burlington, and Five Below Board of Directors consisting of 2 independents and 5 total members 2 Path to Institutionalization 1970-2015 Syndication Years • Westwood Financial founded by Steven Fogel and Howard Banchik • Acquired 69 assets via syndication in Los Angeles, primarily apartment buildings • Transitioned from apartment buildings to unanchored retail centers • Grew syndication model to over 100 retail assets and approximately $1.7 billion in AUM 2016-Current Institutionalized, Post Roll-Up Years • Completed Consolidation Transaction on September 1, 2016 with the roll-up of 550 limited partnerships into a limited liability company • Established Board of Directors • Extended debt duration to over six years by transitioning balance sheet lenders from local banks and CMBS to banks and life insurance lenders • Purchased approximately $210 million of real estate including high-profile assets such as Lake Houston (H-E-B), Arbors at Mallard Creek (Trader Joe’s), Decatur Crossing (Sprouts), Prosperity Village (Publix), and Fountains West (Publix) • Transitioned
[Show full text]
Supplemental Disclosure
SUPPLEMENTAL DISCLOSURE QUARTER ENDED MARCH 31, 2018 450 Lexington Ave New York, NY 10017 800.468.7526 BRIXMOR.COM 450 Lexington Avenue ¦ New York, NY 10017 ¦ 800.468.7526 FOR IMMEDIATE RELEASE CONTACT: Stacy Slater Senior Vice President, Investor Relations 800.468.7526 [email protected] BRIXMOR PROPERTY GROUP REPORTS FIRST QUARTER 2018 RESULTS - Delivers Highest New Lease Volume in Three Years - - Achieves New Lease Spreads of 36.7% - NEW YORK, APRIL 30, 2018 - Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three months ended March 31, 2018. For the three months ended March 31, 2018 and 2017, net income attributable to common stockholders was $0.20 per diluted share and $0.23 per diluted share, respectively. Key highlights for the three months ended March 31, 2018 include: • Executed 2.0 million square feet of new and renewal leases at comparable rent spreads of 16.7%, including 1.0 million square feet of new leases at comparable rent spreads of 36.7% with stable tenant improvements costs and lease duration • Executed 2.7 million square feet of total leasing volume, including options, at comparable rent spreads of 14.5% • Realized total leased occupancy of 92.1%, anchor leased occupancy of 95.4% and small shop leased occupancy of 84.4% • Generated same property NOI growth of 0.7% • Delivered $31.7 million of value enhancing reinvestment projects at an average incremental NOI yield of 10% • Completed seven dispositions for $106.4 million; closed an additional two dispositions for $31.8 million subsequent to quarter end and placed an additional $221.0 million of dispositions under contract • Repurchased $29.7 million of common stock • Affirmed previously provided NAREIT FFO per diluted share and same property NOI growth expectations for 2018 “I am extremely pleased with how our team continues to execute on all facets of our balanced, self-funded business plan.
[Show full text]
Please Join Us for Brixmor Property Group Inc.'S Annual Meeting Of
April 10, 2014 Dear Fellow Stockholders: Please join us for Brixmor Property Group Inc.’s Annual Meeting of Stockholders on Thursday, June 12, 2014, at 10:00 a.m. (Eastern Daylight Time) at the offices of Simpson Thacher & Bartlett LLP, 425 Lexington Avenue, New York, New York 10017. The matters to be acted upon at the Annual Meeting are described in detail in the accompanying notice of the Annual Meeting and the proxy statement. We also will report on matters of current interest to our stockholders. The Annual Meeting materials include the notice, proxy statement, our annual report and proxy card, all of which are enclosed. Please use this opportunity to contribute to our company by voting on the matters to come before this Annual Meeting. Stockholders who hold shares in their own name through our transfer agent, Computershare, can vote online or by telephone. To vote online or by telephone, follow the instructions for online voting contained within your Annual Meeting materials. If you do not wish to vote online or by telephone, please complete, date, sign and promptly return the enclosed proxy card in the enclosed postage-paid envelope so that your shares will be represented at the Annual Meeting. Voting online, by telephone or by returning the proxy card does not deprive you of your right to attend the Annual Meeting and to vote your shares in person. If you do attend the Annual Meeting and wish to vote in person, you may revoke your proxy at or prior to the Annual Meeting. Thank you for your continued support of Brixmor Property Group Inc.
[Show full text]
OAC Summit JW Marriott Nashville | Nashville, TN February 26 – 28, 2020 #ICSC
DirectoryDirectory OAC Summit JW Marriott Nashville | Nashville, TN February 26 – 28, 2020 #ICSC www.icsc.com/2020OA www.icsc.com/2020OA 1 WEDNESDAY, FEBRUARY 26 11:00 am – 7:30 pm Registration s Symphony Pre-Function North 11:30 am – 12:00 pm Lunch Served s Symphony Pre-Function North 12:15 – 12:25 pm Welcome Remarks s Symphony Ballroom C-F Chris Conlon ICSC OAC Co-Chair Executive Vice President & COO Acadia Realty Trust 12:25 – 1:00 pm Open-Air Centers Industry Outlook s Symphony Ballroom C-F Hear an important and valuable perspective on current and future trends in the Open-Air Center Industry from ICSC Chairman, Dan Hurwitz. MODERATOR Luke Petherbridge ICSC Trustee ICSC OAC Co-Chair President & CEO ShopCore Properties SPEAKER Daniel B. Hurwitz ICSC Chairman Founder & CEO Raider Hill Advisors 1:00 – 1:30 pm A Local Perspective on Commercial Real Estate s Symphony Ballroom C-F A candid conversation about commercial real estate with former United States Senator and Tennessee-based real estate investor, Bob Corker. MODERATOR Mike Makinen ICSC OAC Summit Conference Chair Senior Vice President & COO SITE Centers Corp. SPEAKER The Honorable Bob Corker Former U.S. Senator Tennessee-based Businessman 1:45 – 2:45 pm Colorful Beginnings Networking is the backbone of the OAC Summit. Colorful Beginnings is a proven catalyst to ensure that you have a circle of contacts right from the start. Whether you are new to the Summit or a seasoned veteran, you are guaranteed to leave with new leads and new friends. And isn’t that the point of attending a Summit? NOTE: The room name on the back of your badge will indicate which group discussion you have been invited to join.
[Show full text]
Brixmor Property Group Inc. 2016 Annual Report
2016 ANNUAL REPORT Dear Fellow Shareholders, I believe that truly great real estate companies share one key attribute: the delivery of consistent and sustainable growth in cash flow through disciplined stewardship of both human and financial capital. Upon joining Brixmor last May, it became very clear to me that we had tremendous opportunity within our real estate and our platform to deliver enduring outperformance. It was also clear that realizing this opportunity would require fundamental change in the Company’s historical approach. • First, we realigned our regional teams to establish clear “ownership” at the asset level, empowering and holding accountable those closest to the real estate to drive returns. The shopping center business is an inherently local one and success requires that we constantly strive to make our centers not only relevant to, but also an integral part of, the communities they serve. • Second, we reallocated resources to ensure that our local “owners” are supported by best-in-class national tenant account coverage, leasing marketing and data collection, redevelopment and construction execution, financial asset management and dedicated operational, investment and underwriting teams. In short, we inverted our organizational model to ensure that we are driving returns at the real estate level, while leveraging the benefits of our national scale and platform. • Third, we increased our focus on proactively mining the value creation opportunities embedded in our well located assets. This required integrating leadership of our redevelopment effort and enhancing leasing activity to move projects from concept to execution and delivery. • Fourth, we recognized that the decision to hold an asset is an investment decision and that owning clusters of assets in attractive retail nodes will drive outperformance in rental growth.
[Show full text]
1 California Public Employees' Retirement System 1 the Carlyle
NORTH AMERICA NORTH AMERICA INDUSTRY FIGURE OF THE YEAR FIRM OF THE YEAR 1 Ralph Rosenberg, Kohlberg Kravis Roberts 1 The Carlyle Group 2 Timothy Walsh, New Jersey Division of Investment 2 Kohlberg Kravis Roberts 3 Chris Merrill, Harrison Street Real Estate Capital 3 Harrison Street Real Estate After two years of building the business from scratch, the real estate platform of Kohlberg Kravis Roberts (KRR) had a very Rosenberg: KKR’s In 2013, The Carlyle Group exe- robust 2013, thanks in a large part to its leader, former Goldman leading man cuted almost every major move a Sachs executive Ralph Rosenberg. The New York-based buyout private real estate firm could make. firm worked on such transactions as a REIT acquisition as well as expanding across The Washington, DC-based firm Europe and Asia. In its greatest feat of the year, KKR wrapped up its oversubscribed was relentless with launching new debut real estate fund at $1.5 billion, including $1.2 billion in institutional commitments. endeavors this past year—acquiring Behind that significant dollar figure is Rosenberg, whose dedication to alignment of a business, launching a mammoth interest between LPs and GPs influenced KKR to include a large co-investment vehicle fund, poaching a senior member from alongside KKR Real Estate Partners America (REPA). The firm committed $286 million a rival firm and partnering on a lend- in equity from its employees and KKR Financial Holdings, one of the firm’s investment ing program—all while making big units, to accompany the fund. In putting up approximately one-fifth of the fund’s over- acquisitions and exits to boot.
[Show full text]
Brixmor Property Group Inc. Brixmor Operating Partnership LP Section 1: 10-K (10-K)
Section 1: 10-K (10-K) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to_____ Commission File Number: 001-36160 (Brixmor Property Group Inc.) Commission File Number: 333-201464-01 (Brixmor Operating Partnership LP) Brixmor Property Group Inc. Brixmor Operating Partnership LP (Exact Name of Registrant as Specified in Its Charter) (Brixmor Property Group Inc.) Maryland 45-2433192 (Brixmor Operating Partnership LP) Delaware 80-0831163 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 450 Lexington Avenue, New York, New York 10017 (Address of Principal Executive Offices) (Zip Code) 212-869-3000 (Registrant’s Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 per share. BRX New York Stock Exchange Securities registered pursuant to section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Brixmor Property Group Inc. Yes ☐ No þ Brixmor Operating Partnership LP Yes ☐ No þ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
[Show full text]
For Immediate Release
450 Lexington Avenue ¦ New York, NY 10017 ¦ 800.468.7562 FOR IMMEDIATE RELEASE CONTACT: Stacy Slater Senior Vice President, Investor Relations 800.468.7526 [email protected] BRIXMOR PROPERTY GROUP ANNOUNCES FOURTH QUARTER 2020 EARNINGS RELEASE AND TELECONFERENCE DATES NEW YORK, December 8, 2020 – Brixmor Property Group Inc. (NYSE: BRX) today announced that it will release its 2020 fourth quarter earnings on Thursday, February 11, 2021 after the market close. Brixmor will host a teleconference on Friday, February 12, 2021 at 10:00 AM ET. Event: Brixmor Property Group’s Fourth Quarter Earnings Results When: 10:00 AM ET, Friday, February 12, 2021 Live Webcast: Brixmor 4Q 2020 Earnings Call under the Investors tab at www.brixmor.com Dial #: 1.877.705.6003 (International: 1.201.493.6725) A replay of the webcast will be available on the Brixmor website at www.brixmor.com. A replay of the call can be accessed until midnight ET on Friday, February 26, 2021 by dialing 844.512.2921 (International: 412.317.6671); Passcode: 13713549. Connect With Brixmor • For additional information, please visit www.brixmor.com; • Follow Brixmor on: o Twitter at https://twitter.com/Brixmor o Facebook at https://www.facebook.com/Brixmor o Instagram at https://www.instagram.com/brixmorpopupshop o YouTube at https://www.youtube.com/user/Brixmor; and • Find Brixmor on LinkedIn at www.linkedin.com/company/brixmor. About Brixmor Property Group 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.
[Show full text]
Brixmor Property Group Reports First Quarter 2021 Results 5/3/2021
450 Lexington Avenue ¦ New York, NY 10017 ¦ 800.468.7526 FOR IMMEDIATE RELEASE CONTACT: Stacy Slater Senior Vice President, Investor Relations 800.468.7526 [email protected] BRIXMOR PROPERTY GROUP REPORTS FIRST QUARTER 2021 RESULTS NEW YORK, MAY 3, 2021 - Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three months ended March 31, 2021. For the three months ended March 31, 2021 and 2020, net income was $0.18 per diluted share and $0.20 per diluted share, respectively. Key highlights for the three months ended March 31, 2021 include: • Continued improvement in rent collections, with 94.2% of billed based rent for the three months ended March 31, 2021 collected (as of April 27, 2021) o Including rent deferral and abatement agreements, total addressed billed base rent was 95.9% for the three months ended March 31, 2021 (as of April 27, 2021) o Approximately 98% of the Company’s annualized base rent (“ABR”) is open and operating o See COVID-19 update below for additional information on rent collection levels • Executed 1.4 million square feet of new and renewal leases, with rent spreads on comparable space of 7.0%, including 0.7 million square feet of new leases, with rent spreads on comparable space of 20.3% • Realized total leased occupancy of 90.8%, anchor leased occupancy of 93.8% and small shop leased occupancy of 84.2% o Leased to billed occupancy spread of 300 basis points, representing $40.4 million of annualized base rent not yet commenced • Reported a decrease
[Show full text]