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 PropertyRaised 2026 guidance and reported strong leasing, occupancy, and NOI growth.