Brixmor Property Group Reports Q4 Results Below Expectations
Brixmor Property Group Inc. (BRX) released its fourth-quarter financial results on Monday, missing Wall Street expectations.
Key Metrics:
* Funds from operations (FFO): $161.4 million ($0.53 per share)
* Net income: $83.4 million ($0.27 per share)
* Revenue: $328.4 million
Analyst Expectations:
Analysts surveyed by Zacks Investment Research estimated FFO at $0.54 per share.
Financial Highlights:
* Annual FFO: $647.9 million ($2.13 per share)
* Annual revenue: $1.29 billion
Outlook:
Brixmor anticipates full-year 2023 FFO between $2.19 and $2.24 per share.
Stock Performance:
* Shares have declined 6% year-to-date.
* Closed at $26.18 on Monday, representing a 15% gain over the past year.