® Supplemental Disclosure QUARTER ENDED MARCH 31, 2016 450 Lexington Avenue New York, NY 10017 (800) 468 – 7526 www.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 2016 RESULTS • Names Angela Aman Chief Financial Officer • Achieves Highest First Quarter New Deal Leasing Volume Since IPO • Increases Small Shop Occupancy by 70 Basis Points Year-Over-Year NEW YORK, April 26, 2016 - Brixmor Property Group Inc. (NYSE: BRX) (“Brixmor” or the “Company”) announced today its operating results for the three months ended March 31, 2016 and named Angela Aman as Chief Financial Officer, effective May 20, 2016. “The record setting leasing volume executed in the first quarter coupled with the successful appointments of respected industry veterans as CEO and CFO to lead this enterprise forward is a testament to the strength and resilience of the Brixmor platform, and an indication that the Company’s best days are ahead,” stated Daniel Hurwitz, Interim Chief Executive Officer and President. First Quarter 2016 Operating Highlights At and For Three Months Ended 3/31/2016 3/31/2015 Change Percent leased 92.4% 92.4% - Percent leased: anchors (≥ 10K SF) 95.9% 96.3% (40) basis points Percent leased: small shop (< 10K SF) 83.9% 83.2% +70 basis points Portfolio annualized base rent (“ABR”) / SF $12.85 $12.19 +5.4% Total gross leasable area (“GLA”) of new 852,315 801,983 +6.3% signed leases (SF) Total rent spread (cash) 10.9% 13.7% (280) basis points Management Succession • As previously announced, James Taylor was named Chief Executive Officer and President of the Company, effective May 20, 2016.