Brixmor Property Group Reports Record 2025 Results

Grocery-anchored REIT sees strong occupancy, leasing, and rent growth in 2025 as it looks to continue momentum in 2026.

Published on Feb. 10, 2026

Got story updates? Submit your updates here. ›

Brixmor Property Group (NYSE:BRX) highlighted a year of 'record' operating momentum in its fourth-quarter 2025 earnings call, with strong same-property NOI growth, occupancy gains, and robust leasing activity. The company also introduced 2026 guidance reflecting expectations for continued same-property growth and a normalization in certain non-recurring income items.

Why it matters

As a major owner and operator of open-air, grocery-anchored shopping centers, Brixmor's results provide insights into the health of the retail real estate sector, consumer spending trends, and the ongoing evolution of brick-and-mortar retail amid the growth of e-commerce.

The details

Brixmor reported strong operational metrics for 2025, including 4.2% same-property NOI growth, a record leasing year with $70 million of new rent executed, and a 100-basis-point sequential increase in overall occupancy to 95.1%. The company also highlighted significant 'mark-to-market' rent growth, with new lease rents up 39% and renewal rents up 15%. Brixmor said it remained focused on operations, redevelopment, and leveraging technology to drive efficiencies.

  • Brixmor reported its Q4 2025 earnings on February 11, 2026.
  • The company's 2025 results reflected a full year of operations.

The players

Brixmor Property Group

A publicly traded real estate investment trust (REIT) focused on the ownership, management, and development of open-air shopping centers across the United States.

Brian Finnegan

CEO and President of Brixmor Property Group, speaking on his first earnings call as permanent chief executive after more than two decades with the company.

Jim Taylor

Outgoing CEO of Brixmor Property Group.

Stacy Slater

Executive Vice President of Capital Markets, Corporate Strategy and Investor Relations at Brixmor Property Group.

Matt Ryan

Executive at Brixmor Property Group with expanded responsibilities including National Property Operations.

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

Brixmor's strong 2025 results and positive 2026 outlook highlight the continued resilience of the open-air, grocery-anchored retail sector, even as the industry navigates shifts in consumer behavior and the competitive landscape. The company's focus on operational excellence, redevelopment, and technological innovation appears to be paying dividends.