Brixmor Property

EVgo and Brixmor Property Group are expanding their partnership to add more than 500 new EVgo fast charging stalls across the United States. Once complete, at least 90 Brixmor shopping centers, representing more than 25% of the company's portfolio, will feature EVgo fast chargers. New locations include Florida, Illinois, Minnesota, New Jersey, Pennsylvania, and Texas, with deployment beginning later this year and the first site expected at Barn Plaza in a Philadelphia suburb. The new sites will feature up to 12 high-power chargers each, building on a partnership that began in 2016.

Brixmor Property Group may be undervalued by about 8% following its second quarter 2026 earnings report and dividend affirmation. The company's latest fair value estimate stands at $34.28 per share, compared with a recent close of $31.66. The stock has returned 21.96% year to date and 24.45% total shareholder return over the past year. The valuation narrative is supported by steady revenue growth and strong demand for grocery-anchored centers, though risks include potential tenant disruption or higher redevelopment costs.

Brixmor Property Group raised its 2026 guidance after reporting 5.8% same-property NOI growth and record small-shop occupancy of 92.6% in the second quarter. The shopping center REIT now expects same-property NOI growth of 5% to 5.75% and FFO of $2.35 to $2.37 per share, supported by a record $71 million signed-but-not-yet-commenced rent pipeline and a blended cash leasing spread of 19%. The company also acquired four grocery-anchored properties for $164 million and ended the quarter with nearly $350 million of active reinvestment projects and a future pipeline exceeding $700 million. Leverage stood at 5.3 times with $1.5 billion of liquidity.

Brixmor Property Group acquired four shopping centers for $164.3 million as part of its investment activity update for the three and six months ended June 30. Greenbrier shares slipped in extended trading after its quarterly revenue of $576.5 million fell short of the average analyst estimate by $36.19 million, though its non-GAAP earnings per share of $0.60 matched the consensus. Columbus McKinnon appointed John R. Linker as executive vice president of Finance and chief financial officer.

Brixmor Property Group announced $164.3 million in acquisitions during the second quarter of 2026, acquiring four shopping centers. The largest was Mayfair Shopping Center on Long Island for $70 million, funded in part by issuing partnership units for the first time in the company's history. Other acquisitions included Jones Crossing in College Station, Texas for $46.5 million, Vintage Marketplace in Houston for $32.7 million, and Stanford Station in Panama City, Florida for $15.1 million. The company also generated $15.1 million in gross proceeds from two dispositions during the quarter.

Brixmor Property Group has issued its eighth annual Corporate Responsibility Report, detailing the company's 2025 performance across employee engagement, community connection, environmental stewardship, and ethics and governance. The report highlights a 56% reduction in Scope 1 and 2 greenhouse gas emissions compared to 2018 levels, surpassing its 50% reduction target ahead of the 2030 goal year. Employee satisfaction exceeded 95% for the third consecutive survey, and voluntary turnover remained at or below 10% for the third straight year. The company also sponsored more than 3,400 hours of employee service and donations equivalent to over 20,000 meals to local organizations. Brixmor maintained the top corporate governance rating from Green Street for the second consecutive year and the highest score of 1 from ISS's Governance QualityScore.