Brixmor beats third quarter 2026 estimates with record 95.6% occupancy and raised outlook

Brixmor Property Group reported third quarter 2026 results that exceeded analyst expectations for both revenue and FFO, driven by record portfolio occupancy and significant rent spreads. Management subsequently raised full-year 2026 guidance and increased the quarterly dividend by over 7%.

Key Highlights

• Same property NOI grew 6.6% year-over-year, driven by a 480 basis point contribution from base rent growth.
• Total leased occupancy reached a record 95.6%, supported by record small shop occupancy of 92.8% and anchor occupancy of 97.0%.
• Executed 1.6 million square feet of leasing activity with blended rent spreads on comparable space of 25.3%, including a 42.6% spread on new leases.
• Updated FY2026 FFO guidance to $2.36–$2.38 per share and narrowed same property NOI growth expectations to 5.50%–5.75%.
• Progressed toward the Q1 2027 closing of the $2.34 billion Slate Grocery REIT acquisition, which will add a 23-property grocery-anchored portfolio to the core holdings.