Brixmor Raises 2026 Nareit FFO Outlook After Record Occupancy

Brixmor Property Group Inc. raised its 2026 Nareit funds from operations (FFO) per diluted share and same-property net operating income (NOI) growth outlook after occupancy reached a company record. Total leased occupancy at Brixmor’s open-air shopping centers was 95.6% in the third quarter. Small-shop leased occupancy also set a record, at 92.8%. Same-property NOI increased 6.6% from the year-earlier quarter. Nareit FFO, a supplemental non-GAAP measure, was $184.6 million, or $0.60 per diluted share, for the quarter ended Sept. 30. A year earlier, it was $172.3 million, or $0.56 per diluted share.

Source: TokenPost