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SAN FRANCISCO, March 13, 2018 -- Brixmor Property Group (NYSE:BRX), an open-air retail landlord partnered with nationally recognized, locally relevant brand-name merchants, restaurants, and grocers, is focused on attracting anchor clients that increase foot traffic for all tenants. Big-name retailers housed on Brixmor properties from California to Denver to Florida include Trader Joe’s, Publix, Nordstrom Rack, LA Fitness, Kroger, and more. By continuing to execute on its proven platform of securing both the best real estate and the most productive leases, Brixmor is also able to provide solid returns for its investors.
- One of the largest open-air retail landlords in the United States
- More than 475 retail centers comprising 83 million square feet
- A self-funded reinvestment pipeline with yields of ~10%
- 200+ national open-air retailers with plans to open over 13,500 new stores
- More than 8.1 million square feet of new and renewal leases signed in 2017
Click here to view the Brixmor Corporate Fact Sheet
Click here to view the Brixmor Investor Presentation
Advisor Access spoke with Brixmor’s executive vice president and chief financial officer, Angela Aman.
Advisor Access: Brixmor is built on anchoring properties with brand-name tenants that drive foot traffic. How has that strategy evolved over the past twelve months? Have you expanded your current footprint or entered into new geographic markets—or both?
Angela Aman: We focus on ensuring we have the right merchandising mix at our properties. Strong anchor tenants that are relevant to the communities they serve drive consumer loyalty, foot traffic, and sales. These brand-name tenants also stimulate strong follow-on small shop leasing, driving occupancy and net operating income (NOI) growth…
AA: Brixmor recently released its Q4/17 earnings report. What are the highlights?
Angela Aman: We posted another great quarter, which capped off a fantastic year of progress on all facets of our balanced, self-funded business plan for sustainable growth. On the leasing front, we reported our most productive quarter in the last two years, executing 412 leases totaling 2.3 million square feet of new and renewal deals. What’s more…
Read the complete answers to these questions and the full interview with Brixmor HERE.
About Advisor Access:
Advisor Access brings compelling investment ideas to investors in the form of in-depth interviews with company management and the latest fact sheets and corporate presentations.
DISCLOSURE: Brixmor has paid Advisor Access a fee to distribute this email. Angela Aman had final approval of the content and is wholly responsible for the validity of the statements and opinions.
CONTACT INFORMATION
Contact:
Advisor Access
Rick Baggelaar
[email protected]
